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.

회사의 재무 실적은 꾸준한 성과를 보여주고 있습니다. FY25에 Leapfrog은 ₹137.37 crore의 매출과 ₹16.22 crore의 세후 이익(PAT)을 기록했습니다. 2025년 12월로 종료된 9개월간의 기간을 살펴보면, 회사는 ₹105.05 crore의 매출과 ₹14.18 crore의 PAT를 기록했습니다.

공모 자금의 활용 및 시장 심리

Leapfrog은 IPO 자금을 전략적 성장에 투입할 계획입니다. 구체적으로, 약 ₹27 crore는 새로운 조립 유닛 구축을 위해 할당되었으며, ₹36.05 crore는 운전 자본 요구 사항을 충족하는 데 사용될 예정입니다. 나머지 자금은 일반 기업 목적으로 지정되었습니다.

현재 그레이 마켓 프리미엄(GMP)은 0이며, 이는 현 단계에서 상장 차익에 대한 유의미한 비공식적 기대가 없음을 시사합니다. Finshore Management Services가 이번 발행의 주관사(book-running lead manager) 역할을 수행하고 있습니다.

핵심 요약