Leap India IPO GMP Today: Issue Subscribed 28% On Day 1 | Should You Subscribe On Day 2?

IPO GMP Today: The initial public offering of Leap India received a muted response on day 1, as it remained subscribed less than one-third even after the first day, ie Friday, August 7. The IPO opened for subscription last week and will close on Tuesday, August 11. Leap India IPO's Grey Market Premium (GMP) has remained stable since the IPO opened for bidding.

For investors tracking the Rs 2,480 crore mainboard IPO, here are all the details to know on Leap India IPO Subscription Day 2.

Leap India IPO Subscription on Day 1

The issue was subscribed around 28% on Day 1, ie Friday, as per Chittorgarh.com data. While the overall subscription remained close to 0.28 times, the issue was subscribed around 0.14 times in the retail category, 0.64 times in the QIB (ex-anchor) category, and 0.12 times in the NII category by 8:10 pm on August 7.

Leap India IPO GMP Today

The IPO GMP Today stood close to Rs 16 per share, as per investorgain.com data at 7:32 am on August 10. With this IPO GMP Today, the upper price band stood at Rs 159 per share, which indicates an estimated listing at Rs 175 per share (sum of upper price band and IPO GMP Today). The issue is likely to get a gain or loss per share of 10%.

Leap India IPO: Should You Subscribe on Day 2?

Leap India IPO has received a 'Neutral' rating from SBI Securities as the brokerage notes that the firm is India's largest asset-pooling player. The nationwide service, strong brand, and technology-driven asset management capabilities are likely to benefit the company in the long-term.

Kantilal Chagganlal Securities Private Limited maintained a 'Long-Term Investors Can Subscribe' rating for the Leap India IPO. The Mumbai-headquartered firm is the clear market leader in India's asset pooling industry, and it commands an estimated 90% share of the pallet pooling market, highlighted the brokerage in its report.

Leap India Overview

The company is the largest on-demand asset pooling provider in India's supply chain management sector. The company has 14.7 million assets and they maintain a pan-India network of over 10,100 customer touchpoints, as on March 31, 2026.

The company's circular business model supports their customers while reducing environmental impact and enhancing the time cost efficiency and safety of supply chains for customers. Their service offerings include technology-enabled supply chain solutions and the firm helps its customers to connect different stages of their value chain.The company offers pallets and containers to customers on a pooling model, while MHEs are provided under hire arrangements

Leap India IPO: Key Strengths, Risks

High growth potential on the back of increasing penetration of palletisation and pallet pooling, expansion within existing Industries, integration across the supply chain, and international expansion plans are key strengths of the company.

Dependence of financial condition on sustaining customer relationships, reliance on effective management of reusable assets, and rise in operational costs, and rising competition are among the key risks for the company.