LEAP India IPO Subscription Status Day 2 – Live Updates & Key Details

LEAP India's IPO is now in its second day of bidding, August 8, 2026. Incorporated in 2013, the company is the largest on-demand asset-pooling provider in India's supply chain management sector, measured by the number of pooled assets, commanding roughly 90% share of the pallet-pooling market. It hires out pallets, containers, and material handling equipment on a share-and-reuse basis, holding 14.7 million assets and maintaining a pan-India network of over 10,100 customer touchpoints as of March 31, 2026, serving more than 1,000 clients across FMCG, automotive, industrials, and logistics.

This is a large IPO worth ₹2,480 crore, split between a fresh issue of ₹480 crore and an offer for sale of ₹2,000 crore. The fresh issue proceeds are earmarked for repaying or prepaying certain outstanding borrowings, along with general corporate purposes, while the OFS portion goes to existing shareholders, including majority stakeholder KKR, selling part of their position.

Price band is ₹151 to ₹159 per share. Lot size is 94 shares, so retail investors need ₹14,946 to apply at the upper end. The issue closes August 11, and listing is expected August 14 on both BSE and NSE.

LEAP India IPO - Day 2 Subscription Status

Day 1 closed with the issue subscribed 0.28 times overall, a muted response for a mainboard IPO of this size, with the company drawing a "Long-Term Investors Can Subscribe" rating from at least one brokerage even as day one demand stayed on the softer side.

Category-wise Breakdown on Day 2

Figures as of 5:00 PM, August 7, 2026 (Day 1 close), the latest confirmed category-wise breakdown available at the time of writing. Check the NSE or BSE site directly for the most current Day 2 numbers as bidding progresses.

What Day 2 Numbers Indicate

QIB, excluding the anchor portion, has been the relative standout so far at 0.64x, still short of full subscription but well ahead of retail and NII. Retail and NII have both stayed muted at 0.14x and 0.12x respectively, together pulling the overall figure down to 0.28x by Day 1's close.

This slower start isn't unusual for a large, QIB-weighted mainboard issue, the reservation split here allocates 50% to QIB, 35% to retail, and 15% to NII, and institutional and big HNI bids typically arrive in force only in the closing day or two of a bidding window. The issue also secured ₹743.62 crore from anchor investors on August 6, 2026, ahead of opening, a signal of institutional interest that hasn't yet fully carried over into the public QIB bidding.

With the issue currently well under 1x heading into Day 2, there's meaningful ground to cover before the August 11 close, and the real test will likely come in the final one to two days as institutional and HNI money typically shows up late.

LEAP India IPO - Allotment and listing date

Should You Apply for LEAP India IPO?

A few things worth weighing before you decide:

• It's a mix of fresh issue and offer for sale, with the ₹480 crore fresh issue proceeds going toward repaying or prepaying outstanding borrowings, while the larger ₹2,000 crore OFS portion goes to existing shareholders exiting part of their stake.
• LEAP India is the clear market leader in India's asset-pooling industry, commanding an estimated 90% share of the pallet-pooling market, a position that brokerage Kantilal Chagganlal Securities cited in maintaining a "Long-Term Investors Can Subscribe" rating.
• QIB gets the largest allocation at 50% of the issue, with retail at 35% and NII at 15%, a fairly standard structure for a large, established business of this scale.
• Day 1 demand stayed muted across every category, with the overall figure closing at just 0.28x, worth watching closely as the issue heads into its remaining bidding days.
• The company secured ₹743.62 crore from anchor investors ahead of opening, a reasonable signal of institutional confidence even as public bidding has been slower to build.

This is informational content, not investment advice. Weigh your own risk appetite before applying.

How to Apply for LEAP India IPO

You can apply through any of these routes:

1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select LEAP India, enter quantity and bid price, then authorise.
2. UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Bid in multiples of the 94-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.

LEAP India IPO Important Dates

How to Check LEAP India IPO Subscription Status

How to check LEAP India IPO Subscription Status on NSE website

1. Go to the NSE India website and open the "Live IPO Bidding" section.
2. Select LEAP India Limited from the dropdown.
3. You'll see category-wise bid numbers, updated through the trading day.

How to check LEAP India IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for LEAP India under active issues.
3. Click on it to view live bid quantity against shares reserved, split by category.

How to check LEAP India IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select LEAP India from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.

IPO Subscription History

Previous Day Subscription

Day 1 closed with the issue subscribed 0.28 times overall, with QIB (ex-anchor) leading at 0.64x, retail at 0.14x, and NII at 0.12x.

Final Subscription Figures

Final numbers will only be available after the issue closes on August 11, 2026. Check back once bidding wraps up for the complete category-wise final tally.

Conclusion

LEAP India's IPO has opened on a muted note, closing Day 1 at 0.28x overall, with QIB leading the categories at 0.64x while retail and NII both stayed under 0.15x. As the dominant player in India's asset-pooling market with a nearly 90% share of the pallet-pooling segment, and a solid ₹743.62 crore anchor book already in place, this is an issue with a fairly strong underlying business case, even as public bidding has been slower to build. With three more days of bidding still ahead, the real subscription story will likely take shape closer to the August 11 close.