Cyril Amarchand Mangaldas advised LEAP India Limited on the initial public offering (IPO) of its equity shares aggregating to INR 24,800.00 million (Offer). The Offer comprised a primary issuance by the Company, along with an offer for sale by Vertical Holdings II Pte. Ltd and EIA KBT Scheme 3 (acting through its trustee, Catalyst Trusteeship Limited).
LEAP India Limited is the largest on-demand asset pooling provider in India’s supply chain management sector (based on the number of pooled assets). Vertical Holdings II Pte. Ltd., one of the Promoters of the Company, is an affiliate-fund of Kohlberg Kravis Roberts & Co. L.P. (KKR).
The transaction is the first IPO by a KKR-promoted company in India.
The transaction team was led by Devaki Mankad, Partner (Regional Co-Head – Capital Markets – West); and Anshul Roy, Partner; with support from Akash Joshi, Principal Associate; Adwait Deshmukh and Abishek Sankar, Senior Associates; Divyanshu Singh, Archit Jain and Harsha Menon, Associates.
