LEAP India Targets $734M Valuation in Upcoming $285M IPO
KKR-backed logistics company LEAP India is planning an initial public offering (IPO) with a valuation target of approximately $734 million. The firm has set the price band for its shares at ₹151-₹159 per share, aiming to raise around $285 million through the listing. If successful, this IPO will mark one of the largest logistics sector offerings in India. The company is expected to list on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), with shares anticipated to debut as early as August. LEAP's valuation target reflects strong investor confidence in its business model and growth potential, particularly within a rapidly expanding Indian logistics market driven by e-commerce demand. The IPO is seen as an indicator of broader interest in infrastructure-backed companies backed by global private equity firms like KKR.
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