LEAP India IPO intends to raise Rs 1000 crore

7 Nov 2022 , 08:12 AM

Leap India Pvt Ltd, a logistics company, plans to raise close to Rs1,000 crore through an initial public offering (IPO).

The public offering will include both a new equity share issue and a selling offer.

The company will make capital investments with the net proceeds from the IPO.

Between January and March 2023, the company is most likely to submit a draft red herring prospectus.

Data from the VCC Edge platform revealed that the company’s EBITDA on March 31, 2021, was Rs8.68 crore. Comparatively, this to the 7.72 crore in the same period last year. On March 31, 2021, the latest year for which data is available, the company’s profit after tax was 82 lakh, while net sales increased to 17.4 crore from 16.88 crore.

For feedback and suggestions, write to us at [e-mail]