ListingScoreGMP · subscription · track record

LEAP India IPO

Every Indian IPO in one place. We score each one, and show how often we were right.

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

LEAP India listed at +4.3% against its issue price of ₹159. The book is 8.82 times subscribed overall. The grey market premium is +₹13 (+8.2%), which is an informal figure and not a quoted price. Our call is Not Suggested, on 56% of our checks.

Segment: Mainboard
Price: ₹159
Lot size: 94 shares
One lot costs: ₹14,946
Issue size: ₹2,480 Cr
Grey market premium: +₹13 (+8.2%)
Subscribed: 8.82x
Listed at: +4.3%
Our call: Not Suggested

What we checked

Profitable in the latest yearPAT ₹62.34 Cr
Profit grew year on yearPAT +66%
Revenue grew year on yearRevenue +54%
Borrowing under half of net worthDebt/net worth 1.01
Return on net worth above 15%RoNW 6.2%
Post-issue P/E under 40P/E 112.0
Price to book under 6P/B 6.5
Majority is fresh capital19% fresh issue
Promoters keep at least half55.6% held post-issue
Anchor investors participatedAnchor book placed
Institutions subscribed over 10×QIB 17.7× subscribed
Overall book more than 10× covered8.8× overall
Institutions wanted it more than retailQIB 17.7× vs retail 1.8×
Lead manager above segment medianJM Financial Ltd.: 113 past issues, +20% avg vs +9% segment median

1 further check could not be judged, because the issue did not disclose enough. They count neither for nor against.

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