Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
LEAP India, the KKR-backed supply chain asset pooling company, has launched its initial public offering (IPO) with a target valuation of around INR 7,000 crore. The public issue, valued at nearly USD 260 million, includes a fresh issue and an offer for sale, with KKR-backed Vertical Holdings II emerging as the largest selling shareholder. The company has reported strong financial growth in FY26, supported by higher revenue and profit. LEAP India plans to use the proceeds from the fresh issue to support its business operations as demand for organised supply chain infrastructure continues to grow.
KKR-backed supply chain and logistics asset pooling company LEAP India is aiming for a valuation of around INR 7,000 crore through its initial public offering (IPO), according to the company's red herring prospectus and public filing.
The IPO, valued at about USD 260 million, is scheduled to open for public subscription later this week and will remain open for investors until next week. Shares allotted under the issue are expected to be listed on the stock exchanges in the coming week, subject to regulatory approvals and completion of the allotment process.
The public issue comprises a fresh issue of shares worth around USD 50.3 million and an offer for sale (OFS) worth approximately USD 209.7 million.
As part of the OFS, KKR-backed Vertical Holdings II will divest shares worth nearly USD 209.5 million, making it the largest selling shareholder in the issue. The remaining shares under the OFS will be sold by the promoter group, KIA EBT Scheme 3.
The company has also kept a day before the public issue opens for anchor investors to place their bids, a standard process followed before most large IPOs in India to attract institutional participation.
LEAP India operates as a technology-enabled asset pooling services company, providing pallets, containers and other returnable transport assets that help businesses improve supply chain efficiency while reducing logistics costs. The company serves industries including consumer goods, retail, automotive, pharmaceuticals, e-commerce and manufacturing.
Its operational network includes 30 warehouses, seven outsourced pallet manufacturing units, more than 900 customers and a workforce of over 3,250 employees. The company has steadily expanded its presence across India by strengthening its asset pooling network and increasing its customer base.
The company reported strong financial performance for FY26. Net profit increased 66% year-on-year to INR 623.4 million, while revenue rose 56.4% to INR 7.3 billion, reflecting higher demand for organised logistics and supply chain solutions.
India's logistics sector has seen growing investor interest in recent years, driven by the expansion of e-commerce, manufacturing, warehousing and modern supply chain infrastructure. Asset pooling companies such as LEAP India have benefited from businesses increasingly adopting shared logistics assets to improve efficiency and reduce capital expenditure.
The IPO adds to the steady pipeline of companies tapping India's primary market, as firms across sectors continue to raise capital amid sustained investor interest and favourable market conditions.
Source Reuters
Advertisement
Facebook
Whatsapp
