As LEAP India and Technocraft Ventures enter the final day of their IPOs on Tuesday, Technocraft Ventures is showing a stronger GMP and significantly higher subscription demand, while LEAP India remains below full subscription as of 10 a.m.
However, subscription demand has diverged sharply. Technocraft Ventures was subscribed close to 5 times on Day 2, while LEAP India has not yet been fully subscribed.
| IPO | GMP | Estimated Listing Price | Potential Listing Gain | Subscription |
| LEAP India | Rs 13 | Rs 172 | 8.18% | 0.49x |
Technocraft Ventures | Rs 30 | Rs 242 | 14.15% | 4.73x |
The estimated listing price is indicative and assumes the IPO lists at the prevailing GMP; actual listing prices can differ significantly.
Both IPOs are expected to finalise allotments on Aug. 12 and list on the BSE and NSE on Aug. 14.
Here's a closer look at the latest GMP and key IPO details for both issues.
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LEAP India IPO GMP Today
LEAP India IPO GMP stood at Rs 13 on Aug. 11. With the upper price band of Rs 159, LEAP India IPO's estimated listing price is Rs 172 (cap price + today's GMP). At the latest GMP, the issue indicates a potential listing gain of 8.18%.
LEAP India IPO Latest Subscription Status
As of 10:00 am on Tuesday, the IPO was subscribed 0.49 times.
- Qualified Institutional Buyers (QIBs): 0.61 times
- Non-Institutional Investors (NIIs): 0.50 times
- Retail Individual Investors (RIIs): 0.41 times
The sharp gap in subscription demand highlights the stronger investor interest in Technocraft Ventures so far, alongside its higher GMP.
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LEAP India IPO Details
The LEAP India IPO is a Rs 2,480 crore book-built issue, comprising a fresh issue of Rs 480 crore and an offer-for-sale (OFS) of Rs 2,000 crore. The price band is set at Rs 151–159 per share, with a lot size of 94 shares. Retail investors require a minimum investment of Rs 14,946 at the upper price band. JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt. Ltd. is the registrar of the issue.
LEAP India provides pallet pooling and reusable packaging solutions that help companies optimise logistics across FMCG, retail, automotive and e-commerce supply chains.
Technocraft Ventures IPO GMP Today
Technocraft Ventures IPO latest GMP was Rs 30 on Aug. 11. The issue has an upper price band of Rs 212, which means that its estimated listing price is likely to be Rs 242 (cap price + today's GMP). At the latest GMP, the issue indicates a potential listing gain of around 14.15%.
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Technocraft Ventures IPO Latest Subscription Status
As of 10:00 a.m. on Tuesday, the IPO was subscribed 4.73 times.
- Qualified Institutional Buyers (QIBs): 4.50 times
- Non-Institutional Investors (NIIs): 6.48 times
- Retail Individual Investors (RIIs): 4.12 times
Technocraft Ventures has attracted stronger demand across all three investor categories, while LEAP India's issue remained below full subscription across QIB, NII and retail categories as of 10 a.m.
Technocraft Ventures IPO Details
The Technocraft Ventures IPO is a Rs 251.88 crore book-built issue. It comprises a fresh issue of Rs 201.51 crore and an offer for sale of Rs 50.37 crore. The IPO has a price band of Rs 200–212 per share, with a lot size of 70 shares.
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Retail investors need a minimum investment of Rs 14,840 at the upper price band. Khambatta Securities Ltd. is the book running lead manager and Bigshare Services Pvt. Ltd. is the registrar of the issue.
Founded in 1998, Technocraft Ventures is an infrastructure development company executing turnkey EPC projects for government agencies across northern India.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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