LEAP India Opens ₹2,480 Crore IPO with 81 Percent Allocated to Seller Exits
LEAP India's IPO, open August 7–11, 2026, raises up to ₹2,480 crore at ₹151–₹159 per share, with ₹2,000 crore of that total structured as an offer for sale by existing shareholders rather than new capital for the company. The dominant seller is Vertical Holdings II Pte. Ltd., a KKR-linked entity, though the RHP contains placeholders that leave KKR's exact pre-IPO stake and precise share count unconfirmed. LEAP India's own fresh issue proceeds of ₹480 crore are earmarked primarily for debt repayment, with the company reporting FY26 revenue of ₹729.5 crore and net profit of ₹62.3 crore.