Leapfrog Engineering Services IPO: Price Band, GMP, and Key Details

Leapfrog Engineering Services is set to launch its ₹88.5 crore initial public offering (IPO) on the BSE SME platform this Wednesday. With a focus on expansion and working capital, the company aims to strengthen its footprint in the integrated engineering sector.

IPO Structure and Pricing Details

The Leapfrog Engineering Services IPO is a combination of a fresh issue and an offer for sale (OFS). The fresh issue comprises 3.46 crore shares valued at ₹79.6 crore, while the OFS includes 38.76 lakh shares worth ₹8.91 crore. The company has established a price band of ₹21 to ₹23 per share.

Investors looking to participate must adhere to specific lot sizes. The minimum bid is set at 12,000 shares, with subsequent bids required in multiples of 6,000 shares. For retail investors, the minimum investment at the upper price band will be ₹2.76 lakh, while high-net-worth individuals (HNIs) must invest at least ₹4.14 lakh for a three-lot application.

Allocation and Timeline

The total issue size consists of 3.85 crore shares. After accounting for the market maker portion, the net offer to the public stands at 3.66 crore shares. The allocation is heavily weighted toward retail and non-institutional investors:

The subscription window will remain open until June 19. Investors can expect the allotment process to be finalized by June 22, with refunds and share credits processed on June 23. The company is scheduled to debut on the BSE SME platform on June 24.

Business Profile and Financial Performance

Established in 2005, Leapfrog Engineering Services specializes in integrated engineering, procurement, and construction (EPCC) solutions. The company serves diverse sectors, including oil and gas, pharmaceuticals, food processing, and metals. Its service portfolio is comprehensive, covering industrial automation, electrical engineering, fire protection, and turnkey EPC projects.

Les données financières de la société affichent une performance stable. Pour l'exercice 2025 (FY25), Leapfrog a déclaré un chiffre d'affaires de 137,37 crore ₹ et un bénéfice après impôts (PAT) de 16,22 crore ₹. Pour la période de neuf mois se terminant en décembre 2025, la société a enregistré un chiffre d'affaires de 105,05 crore ₹ et un PAT de 14,18 crore ₹.

Utilisation du produit de l'émission et sentiment du marché

Leapfrog prévoit de déployer le capital issu de l'IPO vers une croissance stratégique. Plus précisément, environ 27 crore ₹ sont affectés à la mise en place d'une nouvelle unité d'assemblage, tandis que 36,05 crore ₹ seront utilisés pour répondre aux besoins en fonds de roulement. Le reste des fonds est destiné aux besoins généraux de l'entreprise.

Actuellement, la prime du marché gris (GMP) est nulle, ce qui suggère qu'il n'y a pas d'attentes non officielles significatives concernant des gains à la cotation à ce stade. Finshore Management Services agit en tant que chef de file de l'émission.

Points clés