Leap India IPO
Leap India Limited (LEAP) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +3.4% (likely range +1% to +13%), day's high +7.7%, chance of a gain 82%. Actual: +4.3% at the open, +5.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 3,28,31,138 | 55,28,45,866 | 16.8x | |
| NII (HNI) total | 2,46,23,345 | 31,11,83,804 | 12.6x | |
| Big NII (above ₹10 lakh) | 1,64,15,564 | 22,59,71,018 | 13.8x | |
| Small NII (₹2-10 lakh) | 82,07,781 | 8,52,12,786 | 10.4x | |
| Retail | 5,74,54,471 | 9,83,21,744 | 1.71x | |
| Employees | 82,781 | 9,09,356 | 11.0x | |
| Total | 11,49,91,735 | 96,32,60,770 | 8.38x |
Bids on NSE and BSE together, as published by NSE, as of 11 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Leap India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| JSW CementAug 2025 | 15.8x | 11.0x | 1.81x | 7.77x | ₹3,807 Cr | +4.4% | +5.3% |
| Blue Jet HealthcareOct 2023 | 13.7x | 13.6x | 2.24x | 7.95x | ₹840 Cr | +9.8% | +20.8% |
| Ajax EngineeringFeb 2025 | 14.4x | 6.47x | 1.93x | 6.45x | ₹1,269 Cr | -8.4% | -3.2% |
| Park Medi WorldDec 2025 | 11.5x | 15.1x | 3.16x | 8.10x | ₹968 Cr | -2.0% | +2.4% |
| Saatvik Green EnergySep 2025 | 10.8x | 10.0x | 2.66x | 6.57x | ₹947 Cr | 0.0% | 0.0% |
| Canara Robeco Asset Management CompanyOct 2025 | 25.9x | 6.45x | 1.91x | 9.74x | ₹1,326 Cr | +5.4% | +19.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| Avendus Capital | 9 | +8.6% | 67% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| UBS Securities India | 5 | +9.9% | 100% |
Offer documents (NSE)
Frequently asked
What is the Leap India IPO price band and lot size? ₹151–159 per share, with a lot of 94 shares, so the smallest retail bid is ₹14,946.
How many times has it been subscribed? 8.38x overall: QIB 16.8x, NII 12.6x, retail 1.71x, employees 11.0x.
How did it list? It opened at ₹166, +4.3% against the issue price of ₹159, and closed its first day -8.8%.
