KKR's LEAP India Amplifies IPO Size: Fresh Issue Boosts Rs 2,480 Crore Offering on Aug 7
LEAP India, a supply chain management and asset pooling services provider backed by global investment firm KKR, is set to launch its initial public offering (IPO) for public subscription on August 7. This significant offering aims to raise a total of ₹2,480 crore.The company's IPO timeline includes an anchor book opening on August 6 and the public issue closing on August 11. Share allotment is expected by August 12, with LEAP India shares anticipated to debut on the exchanges on August 14. The specific price band for the IPO will be announced separately on August 3.
Structure of the Rs 2,480 Crore Offering
The ₹2,480 crore offering is structured comprising two main components: a fresh issue and an offer-for-sale (OFS). LEAP India aims to raise ₹480 crore through the enhanced fresh issue component. The remaining substantial portion, worth ₹2,000 crore, is managed via the OFS.Promoter entities Vertical Holdings II and KIA EBT Scheme 3 are scheduled to sell shares in the OFS. These entities hold stake values of ₹1,998.62 crore and ₹1.37 crore respectively. The fresh issue component saw an increase from its initial target of ₹400 crore to the revised size of ₹480 crore, while the OFS remains consistent at ₹2,000 crore.
Company Profile and Market Position
LEAP India operates with a pan-India network encompassing more than 10,100 customer touchpoints. The company manages asset pooling and supply chain solutions across various key sectors. These sectors include fast-moving consumer goods (FMCG), food and beverages, third-party logistics, e-commerce, quick commerce, automotive, and industrials.The company currently holds 1.47 crore assets and services a diverse set of industries through its operations. The primary objective of the public issue is to facilitate the substantial ₹2,000 crore OFS component. From the net proceeds generated by the fresh issue, ₹360 crore will be specifically allocated for debt repayment.
Financial Performance and Corporate Status
LEAP India demonstrated robust financial performance during FY26. The company's profit increased by 66 percent, rising from ₹37.6 crore in the previous financial year to ₹62.3 crore. Revenue also saw a strong increase of 56.4 percent, growing from ₹466.5 crore to ₹729.5 crore during the same period.As of June 2026, LEAP India's total outstanding consolidated borrowings stood at ₹1,023.2 crore. The company has reserved shares amounting up to ₹1.25 crore for its eligible employees.
Key Stakeholders and IPO Logistics
The promoters driving LEAP India include global investment firm KKR through Vertical Holdings II, which holds a 73.78 percent stake. Sunu Mathew is another promoter entity holding 21.07 percent of the company.LEAP India filed its draft red herring prospectus (DRHP) with SEBI for a ₹2,400 crore IPO in August 2025 and subsequently received regulatory approval in December 2025. The book-running lead managers entrusted with handling this IPO are JM Financial, Avendus Capital, IIFL Capital Services, and UBS Securities India.
Outlook for the Market Debut
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