LEAP India, one of India’s fastest-growing supply chain technology and reusable packaging providers, has received official approval from the Securities and Exchange Board of India (SEBI) to proceed with its ₹2,400 crore initial public offering (IPO). SEBI issued its observations in the week ending December 5, clearing the path for one of the logistics industry’s most anticipated listings.
Filed in August, LEAP India’s Draft Red Herring Prospectus (DRHP) outlines an IPO consisting of a ₹400 crore fresh issue and an offer for sale (OFS) worth up to ₹2,000 crore. Promoter entity Vertical Holdings II will lead the OFS with a major ₹1,998.6 crore stake divestment, while KIA EBT Scheme 3 plans to sell shares worth approximately ₹1.38 crore. The company may also explore a pre-IPO placement of up to ₹80 crore to strengthen its capital position before listing.
Founded in 2013, the Mumbai-based startup has emerged as a leading force in sustainable, tech-driven supply chain management. LEAP India specialises in pooling reusable pallets and containers, enabling businesses to cut logistics waste and streamline operations. Today, the company boasts 8.8 crore pallets and 40,000 containers in active circulation, backed by a robust national footprint of 20+ warehouses and service centres.
What sets LEAP India apart is its strong technology backbone. The company integrates IoT sensors, automation tools, and data analytics to provide real-time asset visibility, predictive tracking and optimised warehousing solutions for sectors including FMCG, beverages, ecommerce, automotive and retail.
With SEBI’s approval secured, LEAP India is now preparing for a high-profile market debut that could accelerate India’s shift toward modern, data-led supply chain infrastructure. Investors are watching closely, as the IPO is set to be a defining moment for the country’s logistics and warehousing innovation landscape.
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