LEAP India is Country’s largest On-Demand Asset Pooling Provider in Supply Chain Management
FinTech BizNews Service
Mumbai, August 30, 2025: Mumbai-based LEAP India, leading player in on-demand asset pooling provider in the supply chain sector, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO).
The offer, with a face value of Rs 1, is a mix of fresh issue of shares up to Rs 400 crore and an offer-for-sale up to Rs 2,000 crore. Vertical Holdings II Pte. Ltd and KIA EBT Scheme 3 are the selling shareholders in the issue.
The offer also includes a subscription reservation by eligible employees, and a discount is being offered to eligible employees bidding in the employee reservation portion.
The proceeds from its fresh issuance worth Rs 300 crore will be utilised for prepayment of all or a certain borrowings of the company and the remainder will be utilised for working capital requirements.
The company, in consultation with the book-running lead managers, may consider a pre-IPO placement, aggregating up to 20 % of the fresh issue size. The pre-IPO placement if completed, the fresh issue size will be reduced.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
Incorporated in 2013, the company utilizes its ‘share and reuse’ business model, referred to
as pooling, and is the largest on-demand asset pooling provider in India’s supply chain
management sector (based on the number of pooled assets), according to the F&S Report.
The company has 13.57 million assets and has a pan-India network of 7,747 customer
touchpoints and 30 fulfilment centres (which are centres to facilitate the storage,
maintenance, repair, and rapid deployment of its assets to its customers) as of May 31,
2025. According to the F&S Report, the company is the only player in India currently
operating at a considerable scale and at a national level in the pallet pooling segment.
Pallets are flat carrier structures, that support goods in a stable manner while being handled
by forklifts, pallet jacks, or conveyors.
The company is also recognized as a leader in forklift rentals and lithium-ion segment of
MHEs, having been the first to introduce these solutions in India according to the F&S
Report.
This circular business model supports the company’s customers while reducing
environmental impact and enhancing the time and cost efficiency and safety of supply
chains for its customers across India.
The company’s service offerings encompass technology-enabled supply chain solutions that
suit customer requirements across industries. And its solutions help customers to connect
different stages of their own value chain, from the point of manufacturing to distribution of
goods all the way to the point of sale (retail).
The company’s large asset base and pan-India network, enables it to serve a diverse
customer base spanning sectors such as fast-moving consumer goods (FMCG), food and
beverage (F&B), third-party logistics (3PL), e-commerce and quick commerce, automotive,
industrials and others.
The company’s total income of Rs 485 crore during Fiscal 2025 vis-à-vis Rs 258 crore during
Fiscal 2023. The company benefited from increased revenue from asset pooling – pallets
and containers. Its net profit of Rs 37.5 crore during Fiscal 2025 vis-à-vis Rs 9 crore during
Fiscal 2023.
The company has over 900 customers as on 31 March 2025, and they include Panasonic
Life Solutions India Private Ltd, Marico Ltd, Haier Appliances Private Ltd, Hindustan Coca
Cola Beverages Private Ltd., Daikin, Daimler India Commercial Vehicles, JM Baxi etc. The
company’s pooling assets are integrated into our customers’ supply chains and switching to
another provider is difficult.
JM Financial Limited, IIFL Capital Services Limited, UBS Securities India Private Ltd and
Avendus Capital Private Limited, are the book-running lead managers and MUFG Intime
India Private Limited is the registrar of the offer. The equity shares are proposed to be
listed on BSE and NSE.
