LEAP India banks Rs 371 crore ahead of IPO
What's the deal? Supply chain asset pooling firm LEAP India raised around Rs 371.3 crore ($42.4 million) through a pre-IPO placement, with Singapore sovereign wealth fund GIC's subsidiary Gamnat Pte LtdDealroom has a profile for this one. Try Dealroom → and Dymon AsiaDealroom has a profile for this one. Try Dealroom → among the investors. The company placed 2.34 crore equity shares at Rs 159 apiece on August 3–4, 2026.
Who got what: Gamnat took 1.76 crore shares for Rs 279.99 crore. Dymon Asia was allotted 31.45 lakh shares worth Rs 49.99 crore. Matyas Possessiones Private Ltd — 99% owned by promoter Sunu MathewDealroom has a profile for this one. Try Dealroom → — picked up 14.47 lakh shares for Rs 22.99 crore.
Why now? The placement lands days before LEAP India opens its Rs 2,480-crore initial public offering for public subscription on August 7, 2026. The issue, priced at Rs 151–159 per share, closes on August 11.
What's the endgame? The IPO pairs a fresh issue of up to Rs 480 crore with an offer-for-sale worth up to Rs 2,000 crore. Fresh-issue proceeds will go towards repaying borrowings and meeting working capital needs.
The signal: At roughly $42.4 million, the placement adds institutional backing as LEAP India heads into its public debut.
Read more: PTI English
