LEAP India IPO Day 2 Subscription Status: Issue Subscribed 0.37x so Far
Authored By HDFC SKY | Published at: Aug 10, 2026 12:45 PM IST
LEAP India IPO was subscribed 0.37 times by 11:54 AM on Day 2, with QIB demand at 0.64 times, NII at 0.25 times and retail at 0.27 times.
Mumbai, August 10: LEAP India IPO remained below full subscription on the second day of bidding, with the ₹2,480 crore issue subscribed 0.37 times by 11:54 AM on August 10, 2026. The issue opened on August 7 and will close on August 11.
The IPO has attracted bids across investor categories, although the public portions are yet to reach full subscription. The employee quota was an exception, with that portion subscribed 2.11 times so far.
LEAP India has fixed its price band at ₹151 to ₹159 per share. The lot size is 94 shares, putting the minimum retail investment at ₹14,946 at the upper end of the price band.
LEAP India IPO Day 2 Subscription Status
The LEAP India IPO was subscribed 0.37 times as of 11:54 AM on August 10, 2026, according to the latest subscription data.
Investors had bid for 4,08,95,734 shares against 10,92,05,988 shares offered across the public and employee categories. The QIB portion, excluding the anchor allocation, was subscribed 0.64 times, while the NII and retail portions stood at 0.25 times and 0.27 times, respectively.
| Category | Subscription |
| QIB (Ex Anchor) | 0.64x |
| NII/HNI | 0.25x |
| Retail | 0.27x |
| Employees | 2.11x |
| Total | 0.37x |
The total subscription figure excludes the shares allotted to anchor investors.
Category-wise LEAP India IPO Subscription Status
QIBs had bid for 1,99,69,266 shares against 3,11,79,259 shares available after excluding the anchor portion. This took the QIB subscription to 0.64 times.
The NII category received bids for 59,44,654 shares against 2,33,84,434 shares on offer. Within the segment, sNII demand was higher than bNII demand, with the two portions subscribed 0.38 times and 0.19 times, respectively.
Retail investors had placed bids for 1,48,16,186 shares against 5,45,63,679 shares reserved for the category.
| Investor Category | Shares Offered | Shares Bid For | Subscription |
| QIB (Ex Anchor) | 3,11,79,259 | 1,99,69,266 | 0.64x |
| NII/HNI | 2,33,84,434 | 59,44,654 | 0.25x |
| Retail | 5,45,63,679 | 1,48,16,186 | 0.27x |
| Employees | 78,616 | 1,65,628 | 2.11x |
| Total | 10,92,05,988 | 4,08,95,734 | 0.37x |
The bNII category, covering applications above ₹10 lakh, was subscribed 0.19 times. The sNII category, covering applications below ₹10 lakh, recorded a subscription of 0.38 times.
| NII Sub-category | Subscription |
| bNII (> ₹10 lakh) | 0.19x |
| sNII (< ₹10 lakh) | 0.38x |
LEAP India IPO Day-Wise Subscription Summary
The issue was subscribed 0.28 times on Day 1. By 11:54 AM on Day 2, the overall subscription had moved to 0.37 times.
The employee portion continued to stand out, rising from 1.13 times on the first day to 2.11 times on the second day. QIB subscription remained at 0.64 times, while both NII and retail participation increased from their Day 1 levels.
| Date | QIB (Ex Anchor) | NII | Retail | Employees | Total |
| August 7, 2026 (Day 1) | 0.64x | 0.12x | 0.14x | 1.13x | 0.28x |
| August 10, 2026 (Day 2, 11:54 AM) | 0.64x | 0.25x | 0.27x | 2.11x | 0.37x |
LEAP India IPO Timeline
| IPO Milestone | Date |
| Issue Open Date | August 7, 2026 |
| Issue Close Date | August 11, 2026 |
| Basis of Allotment Date | August 12, 2026 |
| Initiation of Refunds | August 13, 2026 |
| Credit of Shares | August 13, 2026 |
| Listing Date | August 14, 2026 |
Brief Overview Of The IPO
LEAP India IPO is a ₹2,480 crore bookbuilding issue with a price band of ₹151 to ₹159 per share. The IPO opened on August 7 and will close on August 11, 2026.
The issue comprises a fresh issue of 3.02 crore shares aggregating up to ₹480 crore and an offer for sale of 12.58 crore shares aggregating up to ₹2,000 crore.
The lot size is 94 shares. At the upper price band of ₹159, one retail lot requires an investment of ₹14,946.
Of the net offer, 7,79,48,113 shares, or 50%, are reserved for QIBs, 2,33,84,434 shares, or 15%, for NIIs and 5,45,63,679 shares, or 35%, for retail investors. The QIB allocation includes 4,67,68,854 shares reserved for anchor investors. A separate reservation of 78,616 shares has been made for employees.
JM Financial Ltd. is the book running lead manager, while MUFG Intime India Pvt. Ltd. is the registrar to the issue. The shares are scheduled to list on the NSE on August 14, 2026.
Source:
- https://www.chittorgarh.net/reports/anchor-investor/leap-india-ipo-anchor-allocation-letter.pdf
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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