LEAP India IPO listing today. Here's what GMP, expert signal on share debut

Search EN Get started LEAP India IPO listing today. Here's what GMP, expert signal on share debut3 min readPANINDIACJMFINANCILNew Delhi, Aug.

The shares of LEAP India will be listed on both exchanges - BSE and NSE. According to details available on the BSE website, LEAP India shares are set to list in a special pre-open session on both the BSE and NSE on Friday.

What Happened

Trading in LEAP India shares is expected to commence at 10:00 IST. Based on grey market activity over the last 12 sessions, the IPO's GMP is witnessing an upward trend today, indicating positive market expectations for a strong listing.

• According to Investorgain, LEAP India shares are commanding a grey market premium (GMP) of ₹12.5 today.

• This indicates that the LEAP India IPO GMP stands at ₹12.5, representing an approximately 8% premium over the upper end of the issue's price band.

• During this period, the GMP ranged between ₹3 and ₹19.5.

Key Details

Ojha, VP Research & Business Development, Kantilal Chhaganlal Securities Pvt. Investors with a medium- to long-term horizon may consider holding the stock given its strong structural growth prospects.

• Ltd, an investor seeking short-term listing gains may consider profit booking with an expected listing gain of 8-10%.

• FY26 revenue was around ₹730-750 crore and PAT around ₹62-63 crore, with good growth.

• The main concern is valuation - at the IPO price of ₹159, the company was valued at roughly 110x FY26 earnings.

Why It Matters

Meanwhile, Tushar Badjate, Director of Badjate Stocks and Shares, believes that LEAP India has a strong business model around asset pooling of pallets, containers and material handling equipment. It is a market leader in a segment which is still underpenetrated in India.

• The LEAP India IPO consists of a fresh issue of 3.02 crore equity shares aggregating ₹480 crore, along with an offer for sale (OFS) of 12.58 crore shares worth approximately ₹2,000 crore.

• Under the OFS, KKR-backed Vertical Holdings II will offload shares worth around ₹1,998.6 crore, while the remaining shares will be sold by promoter group entity KIA EBT Scheme 3.

What Reports Say

Coverage of the story so far points to:

• Approximately ₹360 crore of the net proceeds will be utilised for the repayment or prepayment of certain outstanding borrowings.

• Continued reporting by TradingView as more details emerge