Newsletter
KKR-backed supply chain company LEAP India is set to launch its ₹2,480 crore IPO on August 7. The value of the company post-listing is expected to be around ₹7,000 crore ($734 million).
What does the company do?
LEAP India rents out pallets, crates and containers that businesses use to store, move and transport goods across their supply chains. Instead of buying these assets, companies rent them from LEAP, helping reduce costs and improve efficiency.
The company currently manages 1.47 crore assets across a pan-India network of more than 10,100 customer touchpoints, serving industries such as FMCG, food and beverages, e-commerce, quick commerce, logistics, automotive and industrials.
What makes LEAP India different?
LEAP India dominates India's pallet pooling market with an estimated 90% market share. Its biggest advantage is its vast nationwide network of over 10,100 touchpoints and 29 fulfilment centres, making it difficult for new players to compete.
There's also a high switching cost. Once a company integrates LEAP's pallets and containers into its warehouses and operations, changing providers becomes expensive and operationally challenging.
Its client list includes Coca-Cola, Marico, LG Electronics, Panasonic, Haier, Daikin, Daimler India, JM Baxi, Autoliv and Brakes India, among others.
The bigger picture: India's IPO market is set for another busy week. Seven companies are scheduled to open their IPOs, while 11 companies are expected to list on the stock exchanges.
Together, the seven IPOs are expected to raise nearly ₹3,500 crore, with more than ₹3,000 crore coming from three mainboard offerings.
