Leap India Limited IPO: Comprehensive Logistics Solutions

Leap India Limited, a notable logistics solutions provider, has submitted its draft red herring prospectus (DRHP) to SEBI aiming to secure up to Rs 2,400 crore through its initial public offering (IPO). This offering consists of a fresh issue of Rs 400 crore, alongside an offer for sale (OFS) amounting to Rs 2,000 crore.

Details of the Offer for Sale

The OFS will be primarily managed by Vertical Holdings II Pte. Ltd., a promoter entity backed by KKR, which intends to divest shares worth Rs 1,998.6 crore. Additionally, another promoter group entity, KIA EBT Scheme 3, plans to sell shares valued at approximately Rs 13.8 crore.

About Leap India Limited

Founded by Sunu Mathew and Vertical Holdings II, Leap India delivers services such as pallet pooling, container pooling, and other material-handling solutions across various industries. The company proudly serves top players in the FMCG, pharmaceutical, and e-commerce sectors.

Financial Management and Pre-IPO Plans

Leading financial advisers for this IPO include JM Financial, Avendus Capital, IIFL Capital, and UBS Securities, with MUFG Intime India serving as the registrar. Leap India is also contemplating a pre-IPO placement of up to Rs 80 crore; if realised, this will slightly reduce the scale of the fresh issue. Proceeds from this fresh issue are earmarked for business expansion, debt repayment, and other corporate purposes.

Company’s Transition to Public Limited Entity

In July 2025, Leap India transitioned into a public limited entity and appointed independent directors in preparation for its IPO initiative. This strategic step has been exclusively reported by Startup Superb.

Financial Performance Overview

On the financial front, Leap India displayed a robust performance, reporting a year-on-year revenue surge of 28% to reach Rs 466 crore in FY25, up from Rs 365 crore in FY24. The profit after tax (PAT) remained steady at Rs 37.5 crore in FY25.