LEAP India IPO GMP History
LEAP India IPO has been listed on August 14, 2026 at a listing price of ₹165.9, against the issue price of ₹159 — a gain of ₹6.9 (+4.34%). The GMP peaked at ₹19.5 on 6 August 2026 and reached a low of ₹3 on 5 August 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
LEAP India IPO raised ₹2480 Cr. through its IPO at a price band of ₹151 to ₹159 per share, with a lot size of 94 shares. The IPO was open for subscription from 07 Aug 2026 to 11 Aug 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 8 Sep, 1:37 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 14 Aug 2026 | ₹ 13 | ▼ | 8.18% | — | — |
| 13 Aug 2026 | ₹ 13.5 | ▲ | 8.49% | — | — |
| 12 Aug 2026 | ₹ 11.75 | ▼ | 7.39% | — | — |
| 11 Aug 2026 | ₹ 12 | ▼ | 7.55% | — | — |
| 10 Aug 2026 | ₹ 13 | ▼ | 8.18% | — | — |
| 09 Aug 2026 | ₹ 16 | — | 10.06% | — | — |
| 08 Aug 2026 | ₹ 16 | ▲ | 10.06% | — | — |
| 07 Aug 2026 | ₹ 15 | ▼ | 9.43% | — | — |
| 06 Aug 2026 | ₹ 19.5 | ▲ | 12.26% | — | — |
| 05 Aug 2026 | ₹ 3 | — | 1.89% | — | — |
| 04 Aug 2026 | ₹ 3 | ▼ | 1.89% | — | — |
| 03 Aug 2026 | ₹ 4 | — | 2.52% | — | — |
LEAP India IPO dates
Key dates from opening to listing. Today is 2 November.
- Open 07 Aug 2026
- Close 11 Aug 2026
- Allotment 12 Aug 2026
- Refund/credit 13 Aug 2026
- Listing 14 Aug 2026
LEAP India IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹159 |
|---|---|
| GMP-based estimate (pre-listing) | ₹172 (+8.2%) |
| Listing gain / loss | +₹6.9 per share |
| Listing date | 14 Aug, 2026 |
| Actual listing price | ₹165.9 (+4.34%) |
Is LEAP India IPO GMP reliable?
Grey market premium for LEAP India IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the LEAP India IPO full review for a fundamentals-based assessment before making any grey market trades.
LEAP India IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for LEAP India IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About LEAP India IPO
LEAP India Limited was started in 2013. It is the largest on-demand supply chain asset pooling company in India. The company does not sell its equipment. It rents out reusable assets on a pay-per-use basis. Customers pay only for what they use. They do not have to buy the equipment or spend money on its repair and storage.
The company gives on rent wooden pallets that can carry loads up to 5 tonnes, foldable and stackable plastic containers, and material handling equipment such as forklifts, articulated forklifts and very narrow aisle (VNA) forklifts. Along with this, it also provides returnable packaging, inventory management, transport, and repair and maintenance services.
LEAP India works with companies in FMCG, food and beverage, third-party logistics, e-commerce and quick commerce, automotive, industrial and consumer durable sectors. As on 31 March 2026, it had more than 1,000 customers. Some of the well-known names are Hindustan Coca-Cola Beverages, Marico, Toll (India) Logistics, Daikin Airconditioning India and Panasonic Life Solutions India. On the same date, the company had 419 permanent employees and 2,062 MHE operators.
Pallets are the main business. They gave 62.17% of the revenue from operations in FY2026. The company holds about 90% share of the pallet pooling market in India. Global investment firm KKR bought a majority stake in the company in 2023 through Vertical Holdings II Pte. Ltd. It is now a promoter along with founder Sunu Mathew.
Frequently asked
What is the GMP of LEAP India IPO?
The current Grey Market Premium (GMP) of LEAP India IPO is ₹ 13.
What is the Kostak Price of LEAP India IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for LEAP India IPO is not available.
What is the Subject to Sauda Price of LEAP India IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of LEAP India IPO?
LEAP India IPO listed on August 14, 2026 at ₹165.9, against the issue price of ₹159 — a gain of +4.34%.
How did the GMP of LEAP India IPO trend before listing?
The GMP of LEAP India IPO was falling in its final days before listing. The GMP peaked at ₹19.5 on 6 August 2026. View the day-wise table above for the complete GMP history.
Explore LEAP India IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
