LEAP India IPO Day 2: 42% Subscribed, GMP At ₹16

LEAP India is a company that helps other businesses share things like big containers and racks, so companies don't have to buy everything themselves.

The company is selling its shares to the public for the first time, which is called an IPO.

This will help it raise money to grow and pay off some of its loans.

The shares cost between ₹151 and ₹159 each.

On the first day of the sale, people bought about 26% of the shares offered.

By the second day, interest picked up and subscriptions rose to about 42%.

Big institutional investors were the most interested, buying 61% of the shares reserved for them.

Some experts say the shares are a good buy for the long term, while others say they look too expensive right now.

Outside the stock market, people are already guessing the shares might start trading about 10% above the top price.

If all goes well, the shares will start trading on the stock market on August 14.