Leapfrog Engineering Services Ltd. (BSE SME)

NSE - SMEClosed

Min. Investment

₹1,38,000

/ 6000 Shares

Check Allotment Status

Issue Price

21-23

Subscription

Issue Size

88.51

Lot Size

6000

Open

Jun 17, 2026

Jun 19, 2026

Allotment

Jun 22, 2026

Listing

Jun 24, 2026

1. Leapfrog Engineering Services Ltd. (BSE SME) IPO Details

Leapfrog Engineering Services Ltd IPO Details

Leapfrog Engineering Services Ltd IPO is a book-built price issue of ₹88.51 crores. The issue is a combination of a fresh issue of 3.46 crore shares (aggregating to ₹79.60 Cr) and an offer-for-sale (OFS) component of 0.39 crore shares (aggregating to ₹8.91 Cr).

The bidding for the IPO starts next Wednesday, Jun 17, 2026, and ends on Jun 19, 2026. The allotment is expected to be finalized on Jun 22, 2026. The company will list on the BSE SME platform, with a tentative listing date fixed as Jun 24, 2026.

The issue price is set in the price band of ₹21 to ₹23 per share. The lot size for an application is 6,000 shares, but the minimum application for retail investors is 2 lots (12,000 shares). The minimum amount of investment required by a retail investor is ₹2,76,000.

Grey Market Premium

Estimated listing gains (Live)

NO PREMIUM

Updated real-time from market sources

Financial Summary

Period Ended	31 Dec 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
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
NET Worth	67.44	53.26	21.71	5.32
Reserves and Surplus	56.72	42.54	21.23	4.84
Total Borrowing	32.22	20.11	13.78	13.05

IPO Details

Parameter	Value
Face Value	₹ 1 per share
Price Band	₹21 to ₹23
Lot Size	6,000 Shares
Sale Type	Fresh capital cum OFS
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Total Issue Size	3,84,84,000 shares (agg. up to ₹ 89 Cr)
Reserved for Market Maker	19,26,000 shares (agg. up to ₹ 4 Cr) Anant Securities
Fresh Issue (Ex Market Maker)	3,26,82,000 shares (agg. up to ₹ 75 Cr)
Offer for Sale	38,76,000 shares of ₹ 1 (agg. up to ₹ 9 Cr)
Net Offered to Public	3,65,58,000 shares (agg. up to ₹ 84 Cr)
Share Holding Pre Issue	10,71,84,000 shares
Share Holding Post Issue	14,17,92,000 shares

IPO DRHP Status

Description	Date
Filed with SEBI/Exchange	Mon, Feb 10, 2025
SEBI/Exchange approval received	Tue, Jun 24, 2025

Issue Reservation

Investor Category	Shares Offered	% of Net Issue	% of Total Issue
QIB Shares Offered	18,24,000
NII (HNI) Shares Offered	1,64,34,000	44.95%	42.70%
Retail Shares Offered	1,83,00,000	50.06%	47.55%
Market Maker Shares Offered	19,26,000		5.00%
Total Shares Offered	3,84,84,000	100.00%	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	6,000	₹1,38,000
Retail (Max)	1	6,000	₹1,38,000
HNI (Min)	2	12,000	₹2,76,000

Recently Listed IPOs in Construction

Company	Issue Type	Issue Size	Issue Price	Listing Day Close	Listing Gain/Loss %	LTP
Safety Controls & Devices Ltd.	SME	₹48.00 Cr	₹80	₹78.99	-1.26%	₹80.59 ( -0.85% )
Srinibas Pradhan Constructions Ltd.	SME	₹20.32 Cr	₹98	₹104.40	+6.53%	₹135.00 ( -5.56% )
GRE Renew Enertech Ltd.	SME	₹39.56 Cr	₹105	₹91.20	-13.14%	₹144.40 ( -5.00% )

IPO Objects of the Issue

#	Issue Objects	Est Amt (₹ Cr.)
1	Funding Capital Expenditure towards setting up Assembling Unit	27.00
2	Working Capital Requirements	36.05
3	Issue Related Expenses
4	General Corporate Expenses
Total		63.05

Key Performance Indicator (KPI)

KPI	Dec 31, 2025	Mar 31, 2025
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	3.66

2. About Leapfrog Engineering Services Ltd. (BSE SME)

About Leapfrog Engineering Services Ltd

Incorporated in 2005 and based out of Bengaluru, Karnataka, Leapfrog Engineering Services Limited is an integrated Engineering, Procurement, Construction, and Commissioning (EPCC) company. Operating on a strict Business-to-Business (B2B) ecosystem, the company specializes in delivering specialized engineering infrastructure, with core capabilities in handling electrical, instrumentation, fire safety, automation, and modular substation systems.

Business Verticals

EPCC Infrastructure Works: Designing, building, and commissioning large-scale industrial projects including fuel refineries, gas sweetening units, early production plants, and bulk petrochemical structures.
Industrial Safety & Automation: Implementing high-end technical safety ecosystems, heavy modular substations, building management setups, and integrated automated control configurations.
Cross-Border Engineering Solutions: Developing tailored engineering programs and structural system designs for multi-industry wholesale clients operating across global markets.

Track Record

Revenue Growth: Total operational revenue grew significantly over recent financial terms, reporting a massive ₹104.17 Cr in FY23, maintaining scale with ₹134.66 Cr in FY25, and logging a robust ₹101.01 Cr for the 9-month period ending December 31, 2025.
Profitability: Net profit (PAT) multiplied sharply alongside scaling structural margins, accelerating from just ₹0.28 Cr in FY23 to ₹16.22 Cr in FY25, and hitting a solid ₹14.18 Cr during the audited 9-month period ending December 2025.
Order Book Visibility: Commands a strong and well-diversified cumulative pipeline with an active order book valued at ₹400.27 Cr as of December 31, 2025, heavily backed by a prominent share of international export revenue.

Leapfrog Engineering Services Ltd IPO GMP

As of June 11, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Because the official bidding window opens next week on June 17, the grey market activity is currently flat. However, the company commands a high EBITDA margin of 19.98% and a steady ROCE of 23.98% going into the public launch.

Leapfrog Engineering Services Ltd IPO Allotment Status

The allotment is scheduled to be finalized on June 22, 2026.

Check Leapfrog Engineering Allotment Status

To check your status online, visit the official assigned registrar portal: Integrated Registry Management Status Portal

You can verify your status via:

Registrar's website (Integrated Registry Management Services Private Limited)
BSE official portal
Using your PAN number, Application ID, or DP ID/Client ID

Strengths

Healthy Revenue Visibility: Boasts a highly attractive future pipeline with an outstanding order book of over ₹400 crores, ensuring sustained operational cash flows.
Global Market Penetration: Formidable international presence with more than ₹225 crores executed via high-margin structural export orders over the last two financial years.
Diverse Industry Footprint: Serves a broad multi-sector customer layout spanning crucial segments like Oil and Gas, Food Processing, Pharmaceuticals, Metals, and Chemical fertilizers.

Weaknesses

High Customer Concentration: A substantial fraction of total business revenue remains highly exposed, with the top 10 core buyers contributing approximately 91.37% of revenue as of late 2025.
Cyclical Industry Exposure: Core business remains deeply dependent on demand-sensitive, capital-heavy sectors that are vulnerable to regulatory delays or macro industrial slowdowns.
Supplier Dependence Risk: Subject to high material procurement concentration, with the top 10 operational vendors accounting for 83.54% of total raw stock purchases.

How the Company Will Use IPO Money

The fresh issue proceeds (₹79.60 Cr) will be utilized for:

Capital Expenditure: Funding the establishment, layout setup, and technical outfitting of a new specialized Assembling Unit in Bengaluru.
Working Capital: Meeting working capital limits required to finance large-scale engineering project executions and raw inventory pipelines.
General Corporate Purposes: Allocation toward general operational overheads, brand development, and meeting statutory public listing expenses.

Lead Manager & Registrar

Lead Manager: Finshore Management Services Limited
Registrar: Integrated Registry Management Services Private Limited
Phone: +91 80 4093 3570
Email: info@lesgroup.in

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I am a Digital Marketing professional with over 2+ years of experience, specializing in SEO and organic growth strategies. Over the years, I have worked with multiple businesses across different industries, helping them improve online visibility, traffic, and search rankings through data-driven and result-oriented SEO practices.

As the founder and owner of this website, I have launched my 2nd digital platform focused on the Indian stock market IPO segment. This platform provides detailed and reliable information on upcoming and ongoing IPOs in India, including IPO issue details, subscription status, live Grey Market Premium (GMP), and IPO allotment status, helping investors stay informed with accurate and timely IPO insights.