LEAP India IPO Subscription Status Day 3- Live Updates & Key Details

LEAP India's IPO closed its bidding window on August 11, 2026, the final day of a five-day subscription period. 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 14.70 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 KKR-backed Vertical Holdings II and promoter group entity KIA EBT Scheme 3, selling part of their position.

Price band was ₹151 to ₹159 per share. Lot size is 94 shares, so retail investors needed ₹14,946 to apply at the upper end. At the upper price band, the company commands a post-issue market capitalisation of about ₹7,005 crore. Listing is expected August 14 on both BSE and NSE.

LEAP India IPO - Day 3 Subscription Status

Day 1 closed at a slow 0.28x overall, but demand built up steadily through the window and accelerated sharply on the final day, with the issue getting completely subscribed in the early hours of trade on Day 3 (final day). By the close of bidding, the issue finished subscribed 8.82 times overall.

Category-wise Breakdown on Day 3

Figures as of 5:27 PM, August 11, 2026 (final close), sourced from BSE & NSE data. Based on retail subscription by number of applications (around 1.52x), roughly 1 in 2 retail applicants may receive an allotment, though this is an estimate, and the final outcome depends on the registrar's computerised lottery.

What Day 3 Numbers Indicate

QIB drove the bulk of this final-day surge, closing at 17.73x, classic closing-day behaviour where institutional investors place the bulk of their bids only once they've assessed how the rest of the book has filled up. NII followed closely at 13.31x, with big-ticket HNI money, often funded through NBFC loans, showing similarly strong late conviction.

Retail, at 1.80x, was comfortably oversubscribed too, though notably more measured than the institutional and HNI surge. This pattern, where QIB and NII run well ahead of retail, tracks with the issue's QIB-heavy 50% reservation, a structure typically seen in large, established businesses like this one.

The jump from a slow 0.28x on Day 1 to 8.82x by the final close shows just how much institutional and HNI demand was held back until the closing stretch, a fairly common pattern for large mainboard IPOs where the real story only plays out in the final one or two days.

LEAP India IPO Subscription Status – Day 3 & Final

With bidding now closed, LEAP India's IPO has finished as a solidly oversubscribed mainboard issue, driven overwhelmingly by institutional and HNI conviction. Attention now turns to the allotment process, expected on August 12, and to how the stock performs on its August 14 listing.

LEAP India IPO - Allotment and listing date

Should You Apply for LEAP India IPO?

Since bidding has now closed, here's a look back at what shaped the issue:

• 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 went 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.
• The issue closed subscribed 8.82 times overall, with QIB leading at 17.73x, NII at 13.31x, and retail at 1.80x, a broad-based but institutionally-driven demand pattern.
• Given the scale of oversubscription, allotment for retail is expected to run largely through a lottery, with roughly 1 in 2 retail applications estimated to receive shares based on current application-level data.

This is informational content, not investment advice.

How to Apply for LEAP India IPO

Bidding for this issue has now closed. If you missed the window, keep an eye on the listing date to evaluate the stock from the secondary market instead.

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 the final category-wise bid numbers for the closed issue.

How to check LEAP India IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for LEAP India under recently closed issues.
3. Click on it to view final 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 recent issues. You'll find the final subscription numbers along with your own application status.

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. Demand strengthened through Day 2 and accelerated sharply on the final day.

Final Subscription Figures

The issue closed subscribed 8.82 times overall. QIB closed at 17.73x, NII at 13.31x, and retail at 1.80x.

Conclusion

LEAP India's IPO has closed out its five-day bidding window with a strong finish, moving from a slow 0.28x on Day 1 to 8.82x overall by the close, driven almost entirely by a late institutional and HNI surge, QIB at 17.73x and NII at 13.31x, while retail closed a more measured 1.80x. As the dominant player in India's asset-pooling market with a nearly 90% share of the pallet-pooling segment, LEAP India's strong final-day institutional conviction is a reasonable signal of confidence in the business heading into its August 14 listing.