LEAP India shares made their stock market debut on 14 August, listing at ₹166 on the BSE, a 4.4% premium to the issue price of ₹159. On the NSE, the shares opened at ₹165.90, up 4.3% from the issue price, defying the broader weak market sentiment, according to livemint.com.
The IPO saw strong investor interest, with the issue subscribed 8.38 times by the final day of bidding. LEAP India's shares were scheduled to begin trading at 10:00 IST on both the BSE and NSE, with a special pre-open session preceding the listing. Shortly after the debut, profit-booking led to a decline in share price, dropping to ₹152.25 on the BSE and ₹154.21 on the NSE, below the issue price, livemint.com reported.
The positive listing premium highlights investor confidence in LEAP India despite a challenging stock market environment. The 8.38 times subscription rate underscores robust demand compared to other recent IPOs in the Indian market. The initial premium and subsequent price correction reflect typical market dynamics seen in new listings amid volatile conditions.
LEAP India’s IPO listing on 14 August marks a key milestone for the company, with shares officially trading on both the BSE and NSE. The stock’s initial performance will be closely watched in upcoming trading sessions for indications of sustained investor interest, as detailed by livemint.com.