Besides, Leap India, 4 others – Eldorado Agritech, Molbio Diagnostic, Foodlink F&B Holdings (India) and Technocraft Ventures – have also received market regulator approval to launch IPOs
However, Inox Clean Energy and Sky Alloys and Power have withdrawn their respective IPO papers on December 5., an update from SEBI site has said.
Fresh issuance
Leap India offer will be a mix of fresh issuance and offer for sale. The company will issue share to raise ₹400 crore and an offer-for-sale up to ₹2,000 crore by promoters, Vertical Holdings II Pte Ltd and KIA EBT Scheme 3. The shares that will be issued will have a face value of ₹1.
The proceeds from its fresh issue worth ₹300 crore will be utilised for prepayment of borrowings and will be used for working capital requirements.
The company has 13.57 million assets and has a pan-India network of 7,747 customer touchpoints and 30 fulfilment centres (which are centres to facilitate the storage, maintenance, repair and rapid deployment of its assets to its customers) as of May 31, 2025.
The company is recognised as a leader in forklift rentals and lithium-ion segment of MHEs, having been the first to introduce these solutions in India, according to the F&S Report.
Pallets are flat carrier structures, that support goods in a stable manner while being handled by forklifts, pallet jacks, or conveyors.
The company’s large asset base and pan-India network enable it to serve a diverse customer base spanning sectors such as fast-moving consumer goods, food and beverage, third-party logistics, e-commerce and quick commerce, automotive, industrials and others.
IIFL Capital Services, JM Financial, UBS Securities India and Avendus Capital are the book-running lead managers and MUFG Intime India is the registrar of the offer. The equity shares are proposed to be listed on BSE and NSE. The company’s income of ₹485 crore in FY’25.
The ₹1,000-crore IPO from Telangana-based Eldorado Agritech, known for its brand Srikar Seeds, consists of a fresh issue worth ₹340 crore and OFS of shares aggregating to ₹660 crore by promoters.
The IPO of Molbio Diagnostics, backed by Temasek and Motilal Oswal Private Equity comprises a fresh issue worth ₹200 crore and an OFS of 1.25 crore shares by existing shareholders.
Foodlink F&B Holdings IPO is a mix of fresh issue of equity shares worth ₹160 crore and an OFS of over 1.19 crore shares by promoters and investor selling shareholders.
Technocraft Ventures’ IPO also has two components – fresh issue and an OFS by its promoter Kartikey Constructions.
Published on December 9, 2025
