• IPO and debt reduction: The company is raising ₹480 crore through a primary issue priced at ₹152–₹159 per share, allocating ₹360 crore to prepay a portion of its ₹900 crore debt and ₹120 crore for general corporate purposes.
• Margins and acquisition: Following the acquisition of Chep's Indian operations, which increased automotive revenue contribution to 20%–22%, EBITDA margins rebounded to 50.49% and are guided to remain within the historical 45%–55% band.
• Geographic expansion plans: LEAP is expanding into Gulf markets like the UAE and Saudi Arabia to capitalize on higher palletization rates, committing about ₹56 crore in investment this year and targeting 3 million pallets over 3.5 to 4 years.
• Capex and depreciation: Continuous annual asset additions of ₹400 crore to ₹450 crore result in substantial depreciation across 15-year wooden pallets and 7-year plastic assets, keeping PAT at ₹62 crore despite a 50% EBITDA margin.