Comparison between Leapfrog Engineering IPO and Happy Square Outsourcing IPO.
Leapfrog Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Happy Square Outsourcing IPO is a SME Bookbuilding proposed to list at NSE SME.
| Leapfrog Engineering IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Integrated Registry Management Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Anant Securities | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Leapfrog Engineering IPO is up to ₹84.08 Cr whereas the issue size of the Happy Square Outsourcing IPO is up to ₹22.06 Cr. The final issue price of Leapfrog Engineering IPO is ₹23.00 per share and of Happy Square Outsourcing IPO is ₹76.00 per share.
| Leapfrog Engineering IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹21.00 per share | ₹72.00 per share |
| Issue Price (Upper) | ₹23.00 per share | ₹76.00 per share |
| Issue Price (Final) | ₹23.00 per share | ₹76.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 6000 shares | 1600 shares |
| Fresh Issue Size | 3,26,82,000 shares | 29,02,400 shares |
| Fresh Issue Size (Amount) | up to ₹75.17 Cr | up to ₹22.06 Cr |
| OFS Issue Size | 38,76,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹8.91 Cr | up to ₹0.00 Cr |
| Issue Size Total | 3,65,58,000 shares | 29,02,400 shares |
| Issue Size Total (Amount) | up to ₹84.08 Cr | up to ₹22.06 Cr |
Leapfrog Engineering IPO opens on Jun 17, 2026, while Happy Square Outsourcing IPO opens on Jul 03, 2025. The closing date of Leapfrog Engineering IPO and Happy Square Outsourcing IPO is Jun 19, 2026, and Jul 07, 2025, respectively.
| Leapfrog Engineering IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Anchor Bid Date | Jul 02, 2025 | |
| Issue Open | Jun 17, 2026 | Jul 03, 2025 |
| Issue Close | Jun 19, 2026 | Jul 07, 2025 |
| Basis Of Allotment (Tentative) | Jun 22, 2026 | Jul 08, 2025 |
| Initiation of Refunds (Tentative) | Jun 23, 2026 | Jul 09, 2025 |
| Credit of Share (Tentative) | Jun 23, 2026 | Jul 09, 2025 |
| Listing date (Tentative) | Jun 24, 2026 | Jul 10, 2025 |
| Anchor Lockin End date 1 | Aug 07, 2025 | |
| Anchor Lockin End date 2 | Oct 06, 2025 |
Leapfrog Engineering IPO P/E ratio is 15.19, as compared to Happy Square Outsourcing IPO P/E ratio of 10.83.
| Leapfrog Engineering IPO | Happy Square Outsourcing IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 92.59 | 84 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.27 | 60.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.19 | 10.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹326.12 Cr. | ₹88.16 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.47 | 61.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.45 | 57.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.38 | 1.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.51 | ₹7.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.47 | 61.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Leapfrog Engineering IPO Retail Individual Investors (RII) are offered 2,19,60,000 shares while in Happy Square Outsourcing IPO retail investors are offered 2,19,60,000 shares. Qualified Institutional Buyers (QIB) are offered 3,78,000 shares in Leapfrog Engineering IPO and 5,79,200 shares in Happy Square Outsourcing IPO.
| Leapfrog Engineering IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 8,68,800 shares |
| Market Maker Reservation | 19,26,000 shares | 2,88,000 shares |
| QIB | 3,78,000 shares | 5,79,200 shares |
| NII | 1,42,20,000 shares | 4,36,800 shares |
| RII | 2,19,60,000 shares | 10,17,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 3,65,58,000 shares | 29,02,400 shares |
Leapfrog Engineering IPO subscribed 2.70x in total, whereas Happy Square Outsourcing IPO subscribed 2.51x.
| Leapfrog Engineering IPO | Happy Square Outsourcing IPO | |
|---|---|---|
| QIB (times) | 20.32x | 7.16x |
| NII (times) | 5.10x | 2.24x |
| Big NII (times) | 1.67x | 0.00x |
| Small NII (times) | 11.96x | 0.00x |
| RII (times) | 0.84x | 2.12x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.70x | 2.51x |
