Leap India to raise Rs 1000 crore via IPO.

The logistics company Leap India Pvt Ltd aims to raise approximately Rs 1,000 crore through an Initial Public Offering.  The public offering would reportedly consist of both an offer for sale (OFS) and a new issue of equity shares, as stated by persons who spoke the contact person in the Company. The corporation intends to use the net revenues from the IPO for the funding of several capital spending. According to a statement made by one of the sources who are familiar with the circumstances, a number of private equity investors plan to make a partial departure through the IPO. The insider continued by stating that the company has not yet selected lenders for the venture. It is assumed that Leap India would present a draft  red herring prospectus during the months of January and March of 2023.  Leap India is a pooling and supply chain solutions provider head quatered at Mumbai. It was established in 2013 and offers clients comprehensive, personalised pooling solutions at every stage of the process. Among its clientele include automobile manufacturers such as Mahindra, UNO Minda, Bosch, and Exide. Other clients include some fast-moving consumer goods companies such as Nestle, Abbott, Amazon, Amul, and Pernod Ricard. According to the information provided on its website, the company has 22 manufacturing sites and 25 warehouses located throughout India. Leap India provides a full range of asset pooling and supply chain management services for 2,500 locations across India. They handle a total of 6 million assets and are responsible for more than 4,000 consumer touch points. According to information obtained from the VCC Edge platform, the EBITDA of the company reached 8.68 crore on March 31, 2021, which was an increase from 7.72 crore during the same time period the previous year. After accounting for taxes, the company made a profit of 82 lakh rupees at the end of the most recent fiscal year for which data is readily available, which ended in March 2021. This represents an increase in net sales from 16.88 crore rupees to 17.4 crore rupees. Fusion Microfinance, the healthcare company Medanta, DCX Systems, and Bikaji Foods are the four companies that have debuted Initial Public Offerings (IPOs) on the market within the past week. The total value of these IPOs is 4,681 crore rupees. This coming week is expected to see a large number of Initial Public Offerings with a combined value of Rs. 5,020 crore. Inox Green Energy, Kaynes Technology, Archean Chemicals Industries Ltd., and Five Star Business Finance are some of the businesses that fall under this category.  

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