SEBI Clears Leap India’s INR 2,400 Cr IPO

SUMMARY

LEAP India filed its DRHP for a fresh issue of shares worth INR 400 Cr along with an offer for sale (OFS) component of up to INR 2,000 Cr

The company is a sustainable supply chain solutions provider, specialising in pooling reusable packaging for companies to reduce logistics waste

The regulator issued its observations during the Week ended December 5. In SEBI’s parlance, issuance of observations is a nod to proceed with the public issue.

Supply chain solutions provider Leap India has got Securities and Exchange Board of India (SEBI) go ahead to proceed with its initial public offering (IPO).

The regulator issued its observations during the Week ended December 5. In SEBI’s parlance, issuance of observations is a nod to proceed with the public issue.

LEAP India filed its draft red herring prospectus (DRHP) with SEBI in August for an IPO that is proposed to comprise a fresh issue of shares worth INR 400 Cr along with an offer for sale (OFS) component of up to INR 2,000 Cr.

The OFS component is primarily comprised of an INR 1,998.6 Cr stake sale by promoter entity Vertical Holdings II, while promoter group entity KIA EBT Scheme 3 plans to offload shares worth around INR 1.38 Cr. The company may also consider a pre-IPO placement of up to INR 80 Cr.

Founded in 2013, LEAP India is a sustainable supply chain solutions provider, specialising in pooling reusable packaging for companies to reduce logistics waste. The Mumbai-based startup offers end-to-end supply chain management, integrating IoT and data analytics for efficient warehousing, transportation, and real-time asset visibility.

The company serves sectors including FMCG, beverages, ecommerce, automotive and retail. It claims to have about 8.8 Cr pallets and 40,000 containers in circulation, supported by a nationwide network of over 20 warehouses and service centres.

(The story will be updated soon.)