Promoter share sale details
Promoter Vertical Holdings II, controlled by KKR Asia Pacific Infrastructure Holdings II, will offload shares worth nearly ₹1,998.6 crore. In addition, KIA EBT Scheme 3, represented by Catalyst Trusteeship, will sell shares worth ₹1.38 crore. Leap India has also left open the possibility of a ₹80 crore pre-IPO placement, which would proportionately reduce the fresh issue size.
Use of proceeds
The company intends to deploy about ₹300 crore from the fresh issue proceeds towards repayment of borrowings. The remaining funds will be utilised for general corporate purposes and to strengthen its working capital. As of May 2025, Leap India’s consolidated outstanding borrowings stood at approximately ₹874 crore.
Financial performance
Despite challenging market conditions, Leap India reported a net profit of ₹37.6 crore in FY25, up slightly from ₹37.2 crore in the previous fiscal. Revenue grew strongly by 27.8% year-on-year to ₹466.5 crore, while EBITDA rose 25.8% to ₹255 crore. However, operating margins contracted by nearly 95 basis points to 54.66% due to higher costs.
Industry leadership
Leap India is the country’s largest on-demand asset pooling provider in the supply chain management sector. The company manages over 1.36 crore pooled assets and operates a vast network of 7,747 customer touchpoints and 30 fulfilment centres. Its client base spans more than 900 companies, including several blue-chip names across FMCG, retail, manufacturing, and e-commerce sectors.
IPO advisors
The IPO is being managed by a consortium of merchant bankers including JM Financial, Avendus Capital, IIFL Capital Services, and UBS Securities India. Once approved by SEBI, the IPO will open for subscription in the coming months.
