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IPO Listed — 14 Aug 2026

Listing Price: ₹165.9 (+4.34% vs ₹159)

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LEAP India

LEAP India IPO Review

LEAP India IPO has been reviewed by 5 analysts, and the overall consensus is Avoid — carrying a score of 41. Out of the 5 analysts who have covered this IPO, 2 recommend subscribing while 3 advise caution or avoidance — reflecting a cautious view from the analyst community.

The issue is priced in the band of ₹151-159 per share , with a minimum application size of 94 shares (minimum investment of approximately ₹14,946 at the upper band) . Subscription ran from 07 Aug 2026 to 11 Aug 2026. As of now, the grey market premium (GMP) for LEAP India IPO is quoting at ₹13 (8.18%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

General Review

LEAP India, set up in 2013, provides sustainable supply chain and asset-pooling solutions including equipment pooling, returnable packaging, inventory management and transportation for e-commerce, FMCG, automotive and consumer durables customers. FY26 income was ₹747.36 crore with profit of ₹62.34 crore. Analyst opinion was sharply divided: two said subscribe, one stayed neutral and two said avoid.

Listing Gains

The notes value the issue at about 112 times FY26 earnings of ₹1.42 per share, on a market cap near ₹7,004 crore. Both avoid ratings rest squarely on that multiple, calling the valuation expensive and out of line with the company's return ratios. On the analysts' reading, listing gains looked unlikely.

Short Term Strategy

Income grew strongly, from ₹485.03 crore to ₹747.36 crore in FY26, and EBITDA reached ₹378.83 crore. But profit of only ₹62.34 crore on that EBITDA shows how much depreciation and interest the asset-heavy model absorbs. One note preferred to track performance for a few quarters after listing.

Long Term Strategy

The positive notes frame this as a long-term story built on adoption of asset pooling. The risks flagged are that any shift in technology or supply chain practice could reduce demand, and that dependence on third-party suppliers exposes the company to raw material price swings. The asset-heavy model itself remains the central debate.

Disclaimer: This review is an AI summary derived from the reviews of all analysts.

Table of Contents

Analyst Sentiment

Analytical Score

How it's calculated?
Avoid
41 / 100

Recommend Subscribe

Based on 5 analyst reviews

2 / 5

Higher consensus indicates broader analyst agreement.

Analyst Review

Analyst Verdict View
Adroit Financial Services
Adroit Financial Services
Avoid
SBI Securities
SBI Securities
Neutral
BP Equities
BP Equities
Apply
EquiVision
EquiVision
Not Rated
Marwadi Shares & Finance
Marwadi Shares & Finance
Avoid
Ventura Securities
Ventura Securities
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Frequently Asked Questions

Should I apply for LEAP India IPO?

Based on analyst coverage tracked on this page, the overall verdict for LEAP India IPO is Avoid. Out of 5 analysts who have reviewed this IPO, 2 recommend subscribing. Always cross-check with the full analyst reviews below and consult a SEBI-registered advisor before making any investment decision.

What does the score of 41 mean for LEAP India IPO?

The score of 41 is an aggregate of all analyst ratings tracked for LEAP India IPO. A score in this range reflects mixed views — some analysts are positive while others are cautious. Scroll down to read individual analyst verdicts for more context.

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% (₹6.9 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of LEAP India IPO?

LEAP India IPO was priced at ₹151-159 per share. The minimum lot size is 94 shares, making the minimum investment approximately ₹14,946 at the upper end of the price band. Subscription ran from 07 Aug 2026 to 11 Aug 2026.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.