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.

Şirketin mali verileri istikrarlı bir performans sergiliyor. 2025 mali yılında Leapfrog, 137,37 crore ₹ gelir ve 16,22 crore ₹ vergi sonrası kâr (PAT) bildirdi. Aralık 2025'te sona eren dokuz aylık döneme bakıldığında, şirket 105,05 crore ₹ gelir ve 14,18 crore ₹ PAT açıkladı.

Hasılatın Kullanımı ve Piyasa Duyarlılığı

Leapfrog, halka arz (IPO) sermayesini stratejik büyüme için kullanmayı planlıyor. Özellikle, yaklaşık 27 crore ₹ yeni bir montaj ünitesi kurmak için ayrılırken, 36,05 crore ₹ işletme sermayesi ihtiyaçlarını karşılamak için kullanılacaktır. Kalan fonlar genel kurumsal amaçlar için tahsis edilmiştir.

Şu anda Gri Piyasa Primi (GMP) sıfır seviyesinde seyrediyor; bu da bu aşamada listeleme kazançlarına yönelik önemli bir gayri resmi beklenti olmadığını gösteriyor. Finshore Management Services, ihraç için defter tutan lider yönetici olarak görev yapmaktadır.

Önemli Notlar