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Leap India - IPO Report

Comprehensive IPO analysis, issue details, financial performance and recommendation for LEAP India.

Published Date: 6 August 2026
Report Overview

LEAPIndia is India's largest on-demand asset pooling company by pooled assets, offering a circular "share and reuse" model for pallets, containers and material handling equipment (MHE). As of March 31, 2026, it managed 14.7 million assets through a pan-India network of 10,100+ customer touchpoints and 29 fulfilment centres, enabling customers to reduce logistics costs, improve supply chain efficiency and enhance sustainability.

The company provides end-to-end asset pooling solutions across industries including FMCG, food & beverage, third-party logistics (3PL), e-commerce, quick commerce, automotive and industrials. It serves 1,000+ customers through a recurring revenue model supported by long-term customer relationships and high retention.

LEAP strengthened its market leadership through the acquisition of CHEP India in January 2025, significantly expanding its pallet and container pooling network, customer base and product portfolio. Its subsidiary TARON is a leading forklift pooling company and a pioneer in lithium-ion material handling equipment (MHE) in India, ranking as the second-largest forklift pooling provider by volume in FY26.

The company leverages a technology-enabled platform comprising MyLEAP, SAP S/4HANA, Salesforce, RFID, IoT-based tracking, Transport Management System, Asset Audit App and POD solutions to provide real-time asset visibility, inventory management and supply chain optimisation, supported by ISO 27001-certified operations.

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