India’s Silent Logistics Giant Just Made a Loud Move Mumbai-based supply chain solutions firm LEAP India has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI to
Mumbai-based supply chain solutions firm LEAP India has officially filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise a massive Rs 2,400 crore via an initial public offering (IPO).
And here’s the twist: while the company is gearing up for expansion, global private equity giant KKR is planning to exit big.
This IPO is more than just another stock listing — it’s a sign that India’s supply chain game is going public.
The Rs 2,400 crore public issue includes:
And the bulk of that OFS? It’s being led by KKR-owned Vertical Holdings II Pte. Ltd, which is offloading a whopping Rs 1,998.6 crore worth of shares. A small additional sale of Rs 1.38 crore will come from promoter group entity KIA EBT Scheme 3.
LEAP India may also consider a pre-IPO placement of Rs 80 crore, which would reduce the fresh issue size.
Out of the Rs 400 crore raised through fresh equity, the plan is:
This move will help strengthen the balance sheet and boost operational agility as the company scales further.
The IPO will follow the book-building process, with this allocation:
There’s also a reserved portion for eligible employees, who will get shares at a discounted price.
Founded in 2013, LEAP India operates a “share and reuse” model that helps companies lease—rather than buy—critical supply chain assets like:
This asset-pooling model helps clients reduce capital expenditure and boost efficiency.
LEAP works with a wide range of industries:
In short: they’re the invisible backbone behind how your products get from factories to shelves.
As of May 31, 2025, LEAP India’s operational scale is impressive:
Some of LEAP India’s notable clients include:
In early 2025, LEAP also acquired CHEP India, a subsidiary of Brambles, which operated the world’s largest reusable pallet pool—giving LEAP a huge leg up in the sector.
But the real flex is this:
LEAP is clearly scaling fast — and profitably.
Global PE giant KKR, through its entity Vertical Holdings II, is almost completely exiting with its Rs 1,998.6 crore OFS.
This suggests one of two things:
Either way, retail investors and market watchers are paying close attention.
Absolutely.
With the logistics sector booming, and companies like Delhivery, TCI Express, and Blue Dart gaining attention, LEAP India’s IPO could be a sleeper hit.
Its model is capital-efficient, its client list is strong, and its acquisition of CHEP India shows serious strategic vision.
The IPO could offer investors a rare play on India’s growing need for backend logistics efficiency — especially in a post-ONDC, post-ecommerce world.
LEAP India has spent over a decade building the backbone of India’s supply chain — largely out of the spotlight.
Now, with a Rs 2,400 crore IPO and KKR’s mega exit, the company is finally stepping into the limelight.
Will it deliver on its promise as India’s most scalable “asset-lite” logistics play?
Investors will find out soon.
