The LEAP India IPO received a strong response on the third and final day of bidding on Tuesday. The issue was subscribed 8.38 times, with 11.49 crore shares on offer. The retail portion was subscribed 1.71 times, against 5.74 crore shares reserved for retail investors.
The Rs 2,480-crore public offering attracted steady demand, although the grey market premium (GMP) has moderated slightly from earlier levels. The IPO’s GMP is currently around 8%, compared with approximately 10% earlier, based on the upper end of the price band. While the decline indicates some moderation in grey-market sentiment, the premium still signals a broadly positive outlook ahead of the listing.
