Leapfrog Engineering Services IPO Details

Bookbuilding IPO | ₹89 Cr | Listed at BSE SME | Wed, Jun 17, 2026 - Fri, Jun 19, 2026

Leapfrog Engineering IPO Logo

Leapfrog Engineering IPO is a book build issue of ₹88.51 crores. The issue is a combination of fresh issue of 3.46 crore shares aggregating to ₹79.60 crores and offer for sale of 0.39 crore shares aggregating to ₹8.91 crores.

Leapfrog Engineering IPO bidding started from Jun 17, 2026 and ended on Jun 19, 2026. The allotment for Leapfrog Engineering IPO was finalized on Jun 22, 2026. The shares got listed on the BSE SME on Jun 24, 2026.

Leapfrog Engineering IPO is set final issue price at ₹23 per share. The lot size for an application is 6,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,76,000 (12,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (18,000 shares), amounting to ₹4,14,000.

Finshore Management Services Ltd. is the book running lead manager and Integrated Registry Management Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Anant Securities

Refer to Leapfrog Engineering IPO RHP for detailed Information.

IPO Open

Wed, Jun 17, 2026

IPO Close

Fri, Jun 19, 2026

Issue Price

₹23 per share

Market Cap (Pre-IPO)

₹326.12 Cr

IPO Details

IPO Date17 to 19 Jun, 2026
Listed onWed, Jun 24, 2026
Face Value1 per share
Price Band₹21 to ₹23
Issue Price₹23 per share
Lot Size6,000 Shares
Sale TypeFresh capital cum OFS
Issue TypeBookbuilding IPO
Listing AtBSE SME

Total Issue Size3,84,84,000 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 Sale38,76,000 shares of ₹1
(agg. up to ₹9 Cr)
Net Offered to Public3,65,58,000 shares
(agg. up to ₹84 Cr)
Share Holding Pre Issue10,71,84,000 shares
Share Holding Post Issue14,17,92,000 shares
BSE Script Code 544797
ISININE0X6O01027

IPO Timetable

Issue Reservation

Leapfrog Engineering IPO comprises a total issue size of 3,84,84,000 shares. The net offer to the public is 3,65,58,000 shares, after excluding 19,26,000 shares allotted on a firm basis. Of the Net offer 3,78,000 (1.03%) are allocated to QIB, 1,42,20,000 (38.90%) allocated to NII 2,19,60,000 (60.07%) allocated to RII.

Investor Category Shares Offered % of Net Issue% of Total Issue
QIB Shares Offered 3,78,0001.03%0.98%
NII (HNI) Shares Offered 1,42,20,00038.90%36.95%
  − bNII > ₹10L 94,80,00024.63%
  − sNII < ₹10L 47,40,00012.32%
Retail Shares Offered 2,19,60,00060.07%57.06%
Firm Reservations
Market Maker Shares Offered 19,26,0005.00%
Total Shares Offered 3,84,84,000100.00%100.00%

IPO Lot Size

Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares thereof. 

Application Lots Shares Amount
Individual investors (IND) (Min) 2 12,000 ₹2,76,000
Individual investors (IND) (Max) 2 12,000 ₹2,76,000
S-HNI (Min) 3 18,000 ₹4,14,000
S-HNI (Max) 7 42,000 ₹9,66,000
B-HNI (Min) 8 48,000 ₹11,04,000
IPO Subscription Details

About Leapfrog Engineering Services Ltd.

Incorporated in 2005, Leapfrog Engineering Services Limited is engaged in integrated Engineering Services and provides EPCC services.

The Company offers end-to-end EPCC solutions across various industries, including Oil & gas, Food Processing, Pharmaceuticals, and Metals, ensuring high standards of quality, safety, and efficiency.

With decades of experience, the company has successfully executed diverse EPC Design and Build projects since 2005, ensuring timely delivery through efficient management, supply chain, and in-house teams.

Services:
  • Electrical Solutions: The company provides a range of electrical solutions, including engineering consultancy for electrical systems, manufacturing of MV/LV switchgears, turnkey EPC contracts for installations, operations & maintenance services, and system commissioning support.
  • Instrumentation & Industrial Automation: The company specializes in industrial automation, offering services like infrastructure systems installation, engineering for diagrams, instrumentation & automation equipment installation, DCS/PLC upgrades, and industrial process automation using robotics.
  • Fire Protection & Safety System: The company offers comprehensive fire safety services, including design, installation, troubleshooting, and maintenance of fire detection, alarm, suppression systems, and fire-rated structures, adhering to national and international regulations.
  • Building Automation System: The company provides building automation solutions, offering HVAC controls, sensors, access control systems, video surveillance, and time management solutions, enhancing productivity, safety, and sustainable performance through real-time data analysis.

As of April 30, 2026, the Company has employed 112 Employees on Payroll and 60 on contract.

Competitive Strengths:

  • Experienced Promoters backed by a strong management team
  • Strong Order Book
  • Strong global presence
  • Diversified Portfolio across various market segment
  • Established track record of timely execution

Company Financials (Restated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets156.04149.1751.1166.45
Total Income105.05137.37162.88105.38
Profit After Tax14.1816.2216.390.28
EBITDA20.1821.5719.731.01
NET Worth67.4453.2621.715.32
Reserves and Surplus56.7242.5421.234.84
Total Borrowing32.2220.1113.7813.05
Amount in ₹ Crore

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Funding Capital Expenditure towards setting up Assembling Unit 27.00
2 Working Capital Requirements 36.05
3 General Corporate Expenses 8.96
4 Issue Expenses 7.59
Total 79.60

Key Performance Indicator (KPI)

KPIDec 31, 2025Mar 31, 2025
ROE21.03%30.47%
ROCE23.98%32.45%
Debt/Equity0.480.38
RoNW21.03%30.47%
PAT Margin14.04%12.05%
EBITDA Margin19.98%16.01%
Price to Book Value3.664.63
Pre IPOPost IPO
EPS (₹)1.511.33
P/E (x)15.1917.24
Promoter Holding92.59%67.27%
Market Cap326.12 Cr.
Prabhav Narasimha Rao and Priyashaila Prabhav Rao
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2025 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2025 available in RHP.

IPO Review

[Dilip Davda]
LESL is engaged in EPCC contract works across the board. The company posted growth in its bottom lines despite declining top lines for recent years. The company is operating in a highly competitive segment. Based on its recent financial data, the issue appears fully priced. As of March 31, 2026, it had an order book worth Rs. 384.03 cr., with a lion share from export revenue. Well-informed investors may park funds for long term.
Read detail review...

Leapfrog Engineering IPO Recommendations

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IPO Subscription Status

The Leapfrog Engineering IPO is subscribed 2.70 times on June 19, 2026 6:54:42 PM (Day 3). The public issue subscribed 0.84 times in the individual investors category, 20.32 times in the QIB category, and 5.10 times in the NII category. Check Day by Day Subscription Details (Live Status)

Category Subscription (x) Shares Offered Shares bid for Total Applications
QIB (Ex Anchor)20.323,78,00076,80,0000
NII* 5.101,42,20,0007,24,92,0000
    bNII (> ₹10L)1.6794,80,0001,58,10,000
    sNII (< ₹10L)11.9647,40,0005,66,82,000
Individual Investor0.842,19,60,0001,84,44,0000
Total2.703,65,58,0009,86,16,0004,586

Total Applications: 4,586

*Market Maker portion is not included to NII/HNI.

IPO Expenses

# Issue Expenses Est Amt (₹ Cr.)
1 Lead Manager Fees (incl. Underwriting commission) 4.68
2 Registrar to the Issue 0.04
3 Legal Advisor 0.02
4 Peer Review Auditors 0.10
5 Market Maker 0.15
6 Sponsor Bank and Bankers to the Issue 0.01
7 UPI Bidding charges, Printing and distribution of Issue Stationary, other Miscellaneous expenses 0.18
8 Regulators Including Stock Exchanges 0.22
9 Advertising, Selling and Marketing Expenses 2.21
Total 7.59

Listing Day Trading Information

Price DetailsBSE SME
Final Issue Price23.00
Open22.00
Low22.00
High23.10
Last Trade23.10

Check IPO Performance…

IPO Registrar

Integrated Registry Management Services Pvt.Ltd.

Contact Details

Leapfrog Engineering Services Ltd. Address
No 496, Chaithanya Dhriti Rudresh
6th Main, 8th Cross, Vijaya Bank Layout
Bannerghatta Road
Bengaluru, Karnataka, 560076
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IPO FAQs

Leapfrog Engineering IPO is a SME IPO of 3,84,84,000 equity shares of the face value of ₹1 aggregating up to ₹89 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.

The IPO opens on Wed, Jun 17, 2026, and closes on Fri, Jun 19, 2026.

Integrated Registry Management Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Leapfrog Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Leapfrog Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Leapfrog Engineering IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Leapfrog Engineering IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Leapfrog Engineering IPO opens on Wed, Jun 17, 2026 and closes on Fri, Jun 19, 2026.

Leapfrog Engineering IPO lot size is 6000, and the minimum amount required for application is ₹2,76,000, with 2 lots being the minimum application size.

You can apply in Leapfrog Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Leapfrog Engineering IPO will be done on Monday, June 22, 2026, and the allotted shares will be credited to your demat account by Tue, Jun 23, 2026. Check the Leapfrog Engineering IPO allotment status.

The Leapfrog Engineering IPO listing date is on Wed, Jun 24, 2026.

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