Leap India Pvt Ltd plans to raise nearly Rs 1,000 crore through an initial public offering (IPO). The net proceeds from the IPO will be used for capital expenditure by the company.
Leap India Pvt Ltd plans to raise nearly Rs 1,000 crore through an initial public offering (IPO). According to sources, the public offer will include a new issue of equity shares as well as an offer for sale (OFS).
The net proceeds from the IPO will be used for capital expenditure by the company. According to one person familiar with the situation, several private equity players intend to partially exit through the IPO. The individual went on to say that the company has yet to hire bankers.
Leap India is expected to file a draught red herring prospectus between January and March 2023. It is a Mumbai-based integrated pooling and supply chain solutions firm. It was founded in 2013 to provide clients with end-to-end customized pooling solutions. Clients include Mahindra, UNO Minda, Bosch, Exide, and some FMCG companies such as Nestle, Abbott, Amazon, Amul, and Pernod Ricard.
According to its website, it has 22 manufacturing plants and 25 warehouses spread across India. Leap India offers a comprehensive range of supply chain and asset pooling solutions, serving 2,500 locations and managing 6 million total assets across over 4,000 consumer touch points in India.
According to data from the VCC Edge platform, the company’s Ebitda was Rs 8.68 crore on March 31, 2021, up from Rs 7.72 crore in the same period the previous year. Net sales were Rs 17.4 crore, up from Rs 16.88 crore, and profit after tax was Rs 82 lakh on March 31, 2021, the most recent year for which data is available.
Until last week, the markets had seen the issuance of four public issues totaling Rs 4681 crore: Fusion Microfinance, Healthcare firm Medanta, DCX Systems, and Bikaji Foods. . This week, the market is expected to see a large number of IPOs totaling Rs 5,020 crore. These companies include Five Star Business Finance, Archean Chemicals Industries Ltd, Kaynes Technology, and Inox Green Energy.