Published: 12 June 2026 | 6.00 AM
Last Updated: 12 June 2026 | 12.00 PM
IPO Overview / Intro
Leapfrog Engineering IPO is an SME book building issue aggregating to Rs. 88.51 crore. The IPO consists of a fresh issue of 3.46 crore equity shares aggregating to Rs. 79.60 crore and an offer for sale of 0.39 crore equity shares aggregating to Rs. 8.91 crore.
The IPO opens for subscription on 17 June 2026 and closes on 19 June 2026. The shares are proposed to be listed on BSE SME with a tentative listing date of 24 June 2026.
Leapfrog Engineering Services Ltd is an integrated engineering services company engaged in EPCC (Engineering, Procurement, Project Management and Construction) solutions across oil & gas, pharmaceuticals, food processing, metals and industrial automation sectors.
Key Highlights
| Particulars |
Details |
| IPO Type |
SME Book Building IPO |
| Issue Size |
Rs. 88.51 Crore |
| Fresh Issue |
Rs. 79.60 Crore |
| Offer For Sale |
Rs. 8.91 Crore |
| Price Band |
Rs. 21 to Rs. 23 Per Share |
| Face Value |
Rs. 1 Per Share |
| Listing Exchange |
BSE SME |
| Lot Size |
6,000 Shares |
| Retail Application |
12,000 Shares |
| Market Cap |
To Be Declared |
| Listing Date |
24 June 2026 (Tentative) |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Leapfrog Engineering IPO GMP – Latest Update
| GMP Details |
Value |
| Leapfrog Engineering IPO GMP Today |
Updating Soon |
| Kostak Rate |
Updating Soon |
| Allotted Applications |
Updating Soon |
Leapfrog Engineering IPO Subscription Status – Live Update
| Category |
Subscription |
| QIB Category |
Updating Soon |
| NII Category |
Updating Soon |
| Retail Category |
Updating Soon |
| Total Subscription |
Updating Soon |
IPO Details at a Glance
| Particulars |
Details |
| IPO Date |
17 June 2026 to 19 June 2026 |
| Listing Date |
24 June 2026 |
| Face Value |
Rs. 1 Per Share |
| Price Band |
Rs. 21 to Rs. 23 Per Share |
| Lot Size |
6,000 Shares |
| Issue Type |
Book Building IPO |
| Listing At |
BSE SME |
| Total Issue Size |
3,84,84,000 Shares |
| Reserved for Market Maker |
19,26,000 Shares |
| Fresh Issue |
3,46,08,000 Shares |
| Offer For Sale |
38,76,000 Shares |
| Net Offered to Public |
3,65,58,000 Shares |
| Issue Size |
Rs. 88.51 Crore |
| Shareholding Pre Issue |
10,71,84,000 Shares |
| Shareholding Post Issue |
14,17,92,000 Shares |
| Market Cap |
To Be Declared |
IPO Timetable
| Event |
Date |
| IPO Open Date |
17 June 2026 |
| IPO Close Date |
19 June 2026 |
| Basis of Allotment |
22 June 2026 |
| Refund Initiation |
23 June 2026 |
| Credit of Shares |
23 June 2026 |
| Listing Date |
24 June 2026 |
Reservation
| Investor Category |
Reservation |
| QIB Shares Offered |
3,78,000 Shares (1.03%) |
| NII Shares Offered |
1,42,20,000 Shares (38.90%) |
| Retail Shares Offered |
2,19,60,000 Shares (60.07%) |
| Market Maker Reservation |
19,26,000 Shares (5.00%) |
| Total Shares Offered |
3,84,84,000 Shares (100.00%) |
Lot Size
| Application Type |
Lots |
Shares |
Amount |
| Retail Minimum |
2 |
12,000 |
Rs. 2,76,000 |
| Retail Maximum |
2 |
12,000 |
Rs. 2,76,000 |
| S-HNI Minimum |
3 |
18,000 |
Rs. 4,14,000 |
| S-HNI Maximum |
7 |
42,000 |
Rs. 9,66,000 |
| B-HNI Minimum |
8 |
48,000 |
Rs. 11,04,000 |
Company Details
Leapfrog Engineering Services Ltd was incorporated in 2005 and provides integrated engineering services along with EPCC solutions across multiple industrial sectors.
The company offers end-to-end engineering solutions for oil & gas, pharmaceuticals, food processing, metals and industrial automation industries. It undertakes EPC design and build projects supported by project management expertise, procurement capabilities and execution teams.
Its business segments include electrical solutions, instrumentation and industrial automation, fire protection and safety systems, and building automation systems. The company provides engineering consultancy, switchgear manufacturing, automation upgrades, robotics-based industrial process solutions, HVAC controls, surveillance systems and safety infrastructure.
As of 30 April 2026, the company had 112 employees on payroll and 60 contract personnel.
Competitive Strengths
| Key Strengths |
| Experienced Promoters and Management Team |
| Strong Order Book Visibility |
| Global Project Presence |
| Diversified Industry Portfolio |
| Established Project Execution Track Record |
| Integrated Engineering Services Platform |
IPO Objects
| Sr. No. |
Objects of the Issue |
Amount |
| 1 |
Capital Expenditure Towards New Assembling Unit |
Rs. 27.00 Crore |
| 2 |
Working Capital Requirements |
Rs. 36.05 Crore |
| 3 |
General Corporate Expenses |
Balance Amount |
Company Address
| Particulars |
Details |
| Registered Office |
No. 496, Chaithanya Dhriti Rudresh, 6th Main, 8th Cross, Vijaya Bank Layout, Bannerghatta Road, Bangalore Urban, Karnataka – 560076 |
| Phone |
+91 78994 81340 |
| Email |
cs@lesgroup.in |
Lead Manager & Registrar
| Particulars |
Details |
| Lead Manager |
Finshore Management Services Ltd. |
| Registrar |
Integrated Registry Management Services Pvt. Ltd. |
| Registrar Contact |
044-28140801 to 28140803 |
| Registrar Email |
smeipo@integratedindia.in |
| Market Maker |
Anant Securities |
Financials
| Particulars (Rs. Crore) |
9M FY2026 |
FY2025 |
FY2024 |
FY2023 |
| Total Assets |
156.04 |
149.17 |
51.11 |
66.45 |
| Total Income |
105.05 |
137.37 |
162.88 |
105.38 |
| Profit After Tax |
14.18 |
16.22 |
16.39 |
0.28 |
| EBITDA |
20.18 |
21.57 |
19.73 |
1.01 |
| Net Worth |
67.44 |
53.26 |
21.71 |
5.32 |
| Reserves & Surplus |
56.72 |
42.54 |
21.23 |
4.84 |
| Total Borrowings |
32.22 |
20.11 |
13.78 |
13.05 |
Valuation
Key Performance Indicators (KPI)
| KPI |
9M FY2026 |
FY2025 |
| ROE |
21.03% |
30.47% |
| ROCE |
23.98% |
32.45% |
| Debt / Equity |
0.48 |
0.38 |
| RoNW |
21.03% |
30.47% |
| PAT Margin |
14.04% |
12.05% |
| EBITDA Margin |
19.98% |
16.01% |
| Price to Book Value |
3.66x |
NA |
EPS & Valuation
| Particulars |
Pre IPO |
Post IPO |
| EPS (Rs.) |
To Be Declared |
To Be Declared |
| P/E (x) |
To Be Declared |
To Be Declared |
Shareholding Pattern
| Particulars |
Pre Issue |
Post Issue |
| Promoter Holding |
92.59% |
67.27% |
Chanakya View
Investment Summary
| Parameter |
Observation |
| Business Segment |
EPCC & Engineering Services |
| Industry Outlook |
Positive |
| Order Book |
Strong |
| Profitability |
Healthy |
| Return Ratios |
Strong |
| Industry Diversification |
High |
| Valuation |
Reasonable |
| SME Liquidity |
Moderate |
Positives
| Strengths |
| Strong presence in industrial engineering and EPCC |
| Diversified customer base across sectors |
| Healthy profitability and margins |
| Strong return ratios |
| Established execution capabilities |
| Capital expenditure to support future growth |
Concerns
| Risks |
| SME liquidity risk |
| Project execution delays may impact earnings |
| Working capital intensive business |
| Dependence on industrial capex cycle |
| Competitive EPC industry |
| Revenue concentration risk in large projects |
Leapfrog Engineering Services Ltd operates in the engineering and EPCC segment, benefiting from increasing industrial automation, infrastructure spending and manufacturing expansion across India.
The company has developed expertise across electrical systems, industrial automation, fire safety and building management systems, providing diversified revenue opportunities across multiple sectors.
Financial performance has remained healthy with strong profitability, improving net worth and attractive return ratios. The proposed capital expenditure and working capital funding are expected to support future business expansion.
Considering the diversified engineering platform, healthy margins, strong execution track record and reasonable valuation at the upper price band, the IPO appears reasonably placed for investors with a higher risk appetite suitable for SME offerings.
FAQs
What is Leapfrog Engineering IPO GMP today?
Leapfrog Engineering IPO GMP today is currently updating in the grey market. Investors should track live GMP closer to listing for the latest market sentiment.
What is the Leapfrog Engineering IPO price band?
Leapfrog Engineering IPO price band is fixed at Rs. 21 to Rs. 23 per share.
What is the Leapfrog Engineering IPO lot size?
The minimum application size is 12,000 shares and the minimum retail investment amount is Rs. 2,76,000 at the upper price band.
When will Leapfrog Engineering IPO list?
Leapfrog Engineering IPO is expected to list on BSE SME on 24 June 2026.
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