Overview

• The issue comprises a fresh equity raise of up to ₹400 crore and an offer-for-sale of up to ₹2,000 crore by Vertical Holdings II Pte. Ltd and KIA EBT Scheme 3.
• Fresh proceeds include ₹300 crore earmarked to repay borrowings, with the balance intended for working capital.
• JM Financial, IIFL Capital Services, UBS Securities India, and Avendus Capital are the book-running lead managers, with MUFG Intime India as registrar and a proposed listing on BSE and NSE.
• The company may consider a pre-IPO placement of up to 20% of the fresh issue size, and the offer includes an employee reservation with a discount for eligible employees.
• Leap India cites a share-and-reuse pooling model serving over 900 customers, 13.57 million assets, 7,747 touchpoints and 30 fulfilment centres, and reports FY25 total income of ₹485 crore with net profit of ₹37.5 crore.