Published: 20 April 2026 | 5.45 AM
Last Updated: 20 April 2026 | 11.00 AM
IPO Overview / Intro
Leapfrog Engineering IPO is a book-built SME IPO of Rs. 88.51 Cr. The issue is a combination of fresh issue of 3.46 crore shares aggregating to Rs. 79.60 Cr and offer for sale of 0.39 crore shares aggregating to Rs. 8.91 Cr. The IPO opens on 23 April 2026 and closes on 27 April 2026. Leapfrog Engineering Services Ltd. is engaged in providing integrated EPCC (Engineering, Procurement, Construction & Commissioning) services across industries such as oil & gas, pharmaceuticals, food processing and metals, focusing on quality execution and automation-driven solutions.
👉 | GMP | Reviews | Subscription | Allotment
Leapfrog Engineering IPO GMP – Latest Update
| Particulars |
Details |
| GMP Status |
NA |
| GMP Note |
Grey market premium is unofficial and may change daily |
Leapfrog Engineering IPO Subscription Status – Live Update
Subscription View
The subscription data will be tracked live during the issue period. Investors should focus on NII and retail participation for listing cues.
Chanakya Subscription Interpretation
👉 Subscription trend to be updated post opening. Early traction in NII segment generally indicates listing strength.
| Category |
Subscription |
| QIB |
— |
| NII |
— |
| Retail (RII) |
— |
| Total |
— |
IPO Details at a Glance
| Particulars |
Details |
| IPO Date |
23 April 2026 to 27 April 2026 |
| Listing Date |
30 April 2026 |
| Face Value |
Rs. 1 per share |
| Price Band |
Rs. 21 to Rs. 23 per share |
| Lot Size |
6,000 Shares |
| Issue Type |
Book Build IPO |
| Listing At |
BSE SME |
| Total Issue Size |
3,84,84,000 shares aggregating up to Rs. 89 Cr |
| Fresh Issue |
3,46,08,000 shares aggregating up to Rs. 79.60 Cr |
| Offer for Sale |
38,76,000 shares aggregating up to Rs. 8.91 Cr |
| Market Maker Portion |
19,26,000 shares |
| Net Offered to Public |
3,65,58,000 shares |
| Shareholding Pre Issue |
10,71,84,000 shares |
| Shareholding Post Issue |
14,17,92,000 shares |
| Sale Type |
Fresh + OFS |
IPO Timetable
| Event |
Date |
| IPO Open |
Thursday, 23 April 2026 |
| IPO Close |
Monday, 27 April 2026 |
| Allotment |
Tuesday, 28 April 2026 |
| Refund |
Wednesday, 29 April 2026 |
| Credit of Shares |
Wednesday, 29 April 2026 |
| Listing |
Thursday, 30 April 2026 |
Reservation
| Investor Category |
Shares Offered |
% of Net Issue |
| QIB |
18,24,000 |
— |
| NII (HNI) |
1,64,34,000 |
44.95% |
| Retail (RII) |
1,83,00,000 |
50.06% |
| Market Maker |
19,26,000 |
— |
Lot Size
| Application |
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. is an integrated engineering solutions provider offering EPCC services across multiple industrial sectors. The company specializes in electrical systems, industrial automation, fire protection systems, and building automation solutions.
Its services include turnkey EPC contracts, design and commissioning of systems, PLC/DCS automation upgrades, robotics integration, and safety system implementation. The company has built strong execution capabilities with a diversified order book and global exposure.
Key strengths include experienced promoters, strong project execution track record, diversified industry presence, and in-house technical capabilities. As of February 2026, the company has 112 employees and 28 contractual staff.
Company Address:
No 496, Chaithanya Dhriti Rudresh,
6th Main, 8th Cross, Vijaya Bank Layout,
Bannerghatta Road, Bangalore Urban, Karnataka – 560076
Lead Manager: Finshore Management Services Ltd.
Registrar: Integrated Registry Management Services Pvt. Ltd.
Financials
| Particulars (Rs. Cr) |
Dec 2025 |
Mar 2025 |
Mar 2024 |
Mar 2023 |
| Assets |
156.04 |
149.17 |
51.11 |
66.45 |
| Total Income |
105.05 |
137.37 |
162.88 |
105.38 |
| PAT |
14.18 |
16.22 |
16.39 |
0.28 |
| Net Worth |
67.44 |
53.26 |
21.71 |
5.32 |
| Reserves |
56.72 |
42.54 |
21.23 |
4.84 |
| Borrowings |
32.22 |
20.11 |
13.78 |
13.05 |
Valuation
| KPI |
Value |
| ROE |
21.03% |
| ROCE |
23.98% |
| Debt/Equity |
0.48 |
| RoNW |
21.03% |
| PAT Margin |
14.04% |
| EBITDA Margin |
19.98% |
| Price to Book Value |
3.66 |
| Particulars |
Pre IPO |
Post IPO |
| Promoter Holding |
92.59% |
67.27% |
Chanakya View
Investment Summary
Leapfrog Engineering operates in the niche EPCC and industrial automation space, which benefits from capex cycle revival and infrastructure expansion. The company has demonstrated strong profitability margins and return ratios, indicating operational efficiency and execution strength.
However, revenue volatility across years suggests dependence on project-based execution, which can impact earnings consistency. The IPO includes a significant fresh issue aimed at capacity expansion and working capital, which is a positive for future growth.
Chanakya View
👉 Strong sector tailwind + healthy margins but project-based volatility remains a risk. Suitable for investors with moderate risk appetite for medium-term gains.
FAQs
