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SME | Book Build
Listed

Leapfrog Engineering Services Ltd. IPO Details 2026

₹21 - ₹23Price Band
₹88.51 Cr.Issue Size
6000 sharesLot Size
Integrated Engineering Services (EPCC)Sector
Issue Open
June 17, 2026
Fresh + OFS
Issue Close
June 19, 2026
2 Lots (retail)
Allotment Date
June 22, 2026
Lot size: 6000 shares
Listing Date
June 24, 2026
BSE SME

All About Leapfrog Engineering Services Ltd. IPO

The Leapfrog Engineering Services Ltd. The IPO size is ₹88.51 crore, comprising a fresh issue of ₹- crore and an offer-for-sale of ₹79.60 crore. It is a Book Build issue. The IPO issue opens on – -, and closes on -. The share allotment is expected on -, and the listing date is -. Leapfrog Engineering Services Ltd. is based in Bangalore Urban, Karnataka, and operates in the Integrated Engineering Services (EPCC) sector. It filed its DRHP on February 10, 2025, and its shares will list on the BSE SME. Integrated Registry Management Services Pvt.Ltd is the registrar, while Finshore Management Services Ltd. serves as the merchant banker for the offer.

IPO Highlights

IPO Details
Total Issue ₹88.51 Cr.
Fresh Issue ₹79.60 Cr.
Offer for Sale ₹8.91 Cr.
IPO Price Band ₹21 – ₹23
Face Value ₹1 per share
Lot Size 6000 Shares
Listed on BSE SME
IPO Dates
DRHP Filed February 4, 2025
Issue Open June 17, 2026
Issue Close June 19, 2026
Allotment Date June 22, 2026
Refunds Initiation June 23, 2026
Credit of Shares June 23, 2026
Listing Date June 24, 2026

IPO Reservation and Lot Size

The company has reserved shares for various investor categories. The Retail Shares reservation is 50.06% (1,83,00,000 shares), and the QIB reservation is % (18,24,000). Further, the minimum lot size is 6000 shares. The anchor investor reservation is % ( shares), and the market maker reservation is 5% (19,26,000).

IPO Issue Structure

IPO Reservation
QIB
18,24,000 (-%)
Anchor Investor
QIB (Ex. Anchor)
NII (HNI)
1,64,34,000 (44.95%)
bNII > ₹10L
sNII < ₹10L
Retail
1,83,00,000 (50.06%)
Market Maker
Total
3,84,84,000 (100%)
IPO Lot Size
Retail (Min)
Small Investor Quota
2 | 12,000 Shares
₹2,76,000
Retail (Max)
Retail Investment Limit
2 | 12,000 Shares
₹2,76,000
S-HNI (Min)
Small HNI (₹2L – ₹10L)
3 | 18,000 Shares
₹4,14,000
S-HNI (Max)
Small HNI (Up to ₹10 L)
7 | 42,000 Shares
₹9,66,000
B-HNI (Min)
Big HNI (Above ₹10L)
8 | 48,000 Shares
₹11,04,000

On February 10, 2025, the company filed its Draft Red Herring Prospectus. The Red Herring Prospectus is available to understand the business operations, financials, and the risks involved.

IPO GMP

The Grey Market Premium indicates the extra price that people pay in the unofficial market. This value changes daily based on demand for the shares. Track live GMP Today here.

Financial Performance (₹ in Cr)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2024
Total Income105.05137.37162.88105.38
Profit After Tax14.1816.2216.390.28
Assets156.04149.1751.1166.45
Net Worth67.4453.2621.715.32
Reserves and Surplus56.7242.5421.234.84
Total Borrowing32.2220.1113.7813.05

Key Performance Indicator

ParticularsDec-25FY25FY24FY23
EBITDA Margin (%)19.5512.500.975.94
PAT Margin (%)13.8910.380.271.49
EPS (₹)0.43341.515.9012.98
ROE (%)16.6975.505.2612.33
ROCE (%)15.1668.1010.9512.28
ROA (%)6.8032.070.421.95
Debt to Equity (x)0.690.632.453.94

To understand the above financial ratios / financial performance metrics as per the Draft Red Herring Prospectus, visit here.

Leapfrog Engineering Services Ltd. SME IPO Review

You must assess the company’s financial position before deciding on investments. You can read our full review article here.

Disclaimer: The information provided on this website is for general informational purposes only. Before making any investment decisions, you must consult with a qualified financial adviser.

IPO Financial Snapshot

IPO Objectives
Funding Capital Expenditure towards setting up the Assembling Unit ₹27.00 Cr.
Working Capital Requirements ₹36.05 Cr.
Total ₹63.05 Cr.
Total Fund Requirement ₹126.10 Cr.
IPO Key Metrics
Pre IPO EPS
Earnings Per Share
Post IPO EPS
Earnings Per Share
Pre IPO P/E
Price to Earnings
Post IPO P/E
10.86
Price to Earnings
Market Capitalization
₹89 Cr.
Post-IPO Market Cap

✅Strengths

  •  Experienced Promoters and a strong team
  • Strong Order Book of ₹275.00 Cr.
  • Strong global presence
  • Diversified Portfolio across various market segments
  • Established track record of timely execution since 2005

⚠️Weaknesses

  • High working capital needs
  • Receivable delays
  • Geographic concentration in the Middle East
  • Leased operating assets
  • Legal and execution risks

Leapfrog Engineering Services Details

Leapfrog Engineering Services Ltd. began operations in 2005. The company operates in the Integrated Engineering Services (EPCC) sector. It manufactures MV/LV switchgears for the market and provides EPCC services, electrical solutions, industrial automation, fire protection, and building automation to clients. Its main office is in Bangalore Urban, Karnataka.  The firm employs 79 workers in various departments as of December 31, 2024. Its leadership team has decades of industry experience.

Main Offerings:

  • Integrated EPCC solutions.
  • Electrical solutions such as MV/LV switchgear.
  • Instrumentation and industrial automation.
  • Fire protection and safety systems.

Key Strength:

  • Strong order book of ₹275.00 Cr.
  • Diversified services portfolio.
  • Experienced promoters and management.
  • Proven track record of timely execution.

Company Address: No 496, Chaithanya Dhriti Rudresh, 6th Main, 8th Cross, Vijaya Bank Layout, Bannerghatta Road, Bangalore Urban, Karnataka, 560076

You can contact the company via call or email.

+91 78994 81340 / ics@lesgroup.in

Intermediaries & Key Contacts

Official stakeholders managing the IPO process
REGISTRAR
Integrated Registry Management Services Pvt.Ltd.
28140803
smeipo@integratedindia.in
LEAD MANAGER
Finshore Management Services Ltd.
9831020743
ramakrishna@finshoregroup.com
MARKET MAKER
Anant Securities
RESERVATION
19,26,000 shares (aggregating up to ₹4 Cr)
PROMOTERS
Mr. Prabhav Narasimha Rao
Mrs. Priyashaila Prabhav Rao
Pre-Issue92.59%
Post-Issue67.27%
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Frequently Asked Questions

What is the Leapfrog Engineering Services Ltd. IPO?

The Leapfrog Engineering Services Ltd. IPO is a Book Build SME issue. It comprises a fresh issue of up to 3,71,76,000 shares and an Offer for Sale of up to 38,88,000 shares.

When does the Leapfrog Engineering Services Ltd. IPO open and close?

The subscription opens on June 17, 2026, and the issue closes on June 19, 2026.

What is the price band for the Leapfrog Engineering Services Ltd. IPO?

The price band for the IPO is ₹21 to ₹23 per share.

Who is the registrar for the Leapfrog Engineering Services Ltd. IPO?

Integrated Registry Management Services Pvt.Ltd is the official registrar for this IPO.

What is the listing date and platform for the Leapfrog Engineering Services Ltd. IPO?

The shares are expected to list on the BSE SME platform on June 24, 2026.

What is the lot size for Leapfrog Engineering Services Ltd. IPO?

The minimum lot size is 6000 shares for the retail category.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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