Leap India, a supply chain solutions provider backed by global investment firm KKR, is reportedly preparing to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) in the coming days. The company has appointed UBS, Avendus Capital, IIFL, and JM Financial as lead managers for the offering. The IPO is expected to launch within the next six months.

Leap India's IPO plans were initially put on hold after KKR acquired a controlling stake in the company in 2023. However, recent developments suggest a revival of these plans. The company has converted into a public company, changing its name from "Leap India Private Limited" to "Leap India Limited". As part of the transition to a listed entity, Leap India has also appointed Harinarayanan Nair and Sanjiv Gupta as independent directors to strengthen its board and governance structure.

KKR holds a significant 78.64% stake in the Mumbai-based logistics firm. The global investment firm acquired the majority stake through a combination of primary and secondary investments in 2023. In December 2024, Leap India raised $63 million in a round led by KKR, with participation from Sixth Sense Ventures, FirstBridge India, and others, valuing the company at $600 million. Overall, Leap India has raised over $180 million to date.

Founded in 2013 by Sunu Mathew, Leap India offers supply chain solutions, including equipment pooling, packaging, inventory management, transportation, and repair and maintenance. The company serves clients across various industries, such as e-commerce, consumer durables, beverages, and automotive. Leap India acquired supply chain company CHEP India Private Limited (CIPL) in January 2025, transferring CIPL's assets, customer base, and team to Leap India.

Leap India has demonstrated strong financial performance. For the fiscal year ended March 2024, the company reported a 44% increase in operating income to Rs 365 crore, up from Rs 253 crore in the previous fiscal year. Its profit also surged fourfold to Rs 37 crore during the same period. In 2022, Leap India was reportedly eyeing a ₹1,000 crore IPO.

The Indian IPO market is anticipated to be very active, with multiple companies planning to launch their public offerings.