The KKR-backed LEAP India IPO entered its second day of bidding on August 10, 2026, with an overall subscription of 26% on Day 1. Commanding a 10% grey market premium, the Rs 2,480 crore issue has drawn a "Subscribe - Long Term" rating from brokerages despite premium valuations.

LEAP India raises ₹744 crore from anchor investors ahead of its ₹2,480 crore IPO opening on August 7.

LEAP India dominates India’s organised pallet-pooling market, but high valuation, acquisition-led growth, negative free cash flow and modest returns warrant caution.