LEAP India Limited (1414703D IN)

LEAP India Limited is looking to raise about US$272m in its upcoming India IPO. The deal will be run by JM Financial, Avendus, IIFL Capital and UBS. LEAP India Limited is the largest on-demand asset pooling provider in India’s supply chain management sector, operating on a “share and reuse” model. The company owns and manages 13.57 m assets and a network of 7,747 customer touchpoints across the country. Its main offerings include pallets, containers, and material handling equipment (MHE) such as forklifts and pallet trucks, which it rents to customers to improve logistics efficiency. LEAP serves a wide customer base across FMCG, food and beverage, automotive, e-commerce, textiles, and industrials, with clients including Coca-Cola, Marico, Panasonic, Haier, Daimler India, and Autoliv.