Leap India IPO
Leap India IPO is a mainboard IPO raising ₹2,480 Cr at ₹151 – ₹159 a share. It listed on 14 Aug 2026 at ₹166, +4.3% against its issue price of ₹159, and trades at ₹144 today (−9.2% since issue). It was subscribed 8.38× in total.
8.4 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 3,28,31,138 | 55,28,45,866 | 17× |
| Foreign Institutional Investors | no separate quota | 34,63,01,170 | n/a |
| Domestic Financial Institutions | no separate quota | 9,84,65,094 | n/a |
| Mutual funds | no separate quota | 1,28,48,672 | n/a |
| Others | no separate quota | 9,52,30,930 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 2,46,23,345 | 31,11,83,804 | 13× |
| Non Institutional Investors | 1,64,15,564 | 22,59,71,018 | 14× |
| Corporates | no separate quota | 32,03,708 | n/a |
| Individuals | no separate quota | 21,31,21,030 | n/a |
| Others | no separate quota | 96,46,280 | n/a |
| Non Institutional Investors | 82,07,781 | 8,52,12,786 | 10× |
| Corporates | no separate quota | 2,53,330 | n/a |
| Individuals | no separate quota | 8,21,17,272 | n/a |
| Others | no separate quota | 28,42,184 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 5,74,54,471 | 9,83,21,744 | 1.71× |
| Cut Off | no separate quota | 8,09,36,444 | n/a |
| Price bids | no separate quota | 1,73,85,300 | n/a |
| Employees | 82,781 | 9,09,356 | 11× |
| Cut Off | no separate quota | 7,30,474 | n/a |
| Price Bids | no separate quota | 1,78,882 | n/a |
| Total | 11,49,91,735 | 96,32,60,770 | 8.38× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 11 Aug, 07:16 pm IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 8% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.24 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.