LEAP India Limited has set the price band for its initial public offering (IPO) at ₹151 to ₹159 per equity share, with the subscription window opening on August 7 and closing on August 11. The IPO includes a fresh equity issue worth ₹480 crore and an offer for sale of ₹2,000 crore from existing shareholders, according to livemint.com.
The allocation to anchor investors is scheduled for August 6, a day before the public subscription begins. The funds raised through the IPO are intended to support debt repayment and meet corporate requirements. The company has fixed the face value of each equity share at Re 1, as detailed in the IPO announcement on livemint.com.
This IPO comes at a time when the Indian market has seen several large public offerings, reflecting growing investor interest in technology and digital services companies. LEAP India’s offering is notable for its sizeable offer for sale component, which allows existing shareholders to monetize their holdings alongside the fresh capital raise. The move aligns with trends in the sector where companies balance growth funding with shareholder liquidity.
The IPO subscription period will close on August 11, with the final allotment and listing dates expected to follow shortly after. The company’s decision to open the IPO at this price band and timing places it among the significant market events this week, as investors evaluate the offering amid broader market conditions.