SME
IPO ·
BSE SME
Leapfrog Engineering Services Ltd
Listed
Incorporated in 2005, Leapfrog Engineering Services Limited is engaged in integrated Engineering Services and provides EPCC services.
Issue details
Price band
₹21 – ₹23
Face value
₹1
Lot size
6,000 shares
Minimum investment
₹2,76,000
Issue size
₹88.51 Cr
Fresh issue
₹75.17 Cr
Offer for sale
₹8.91 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
17 Jun 2026
Closes
19 Jun 2026
UPI mandate cut-off
5:00 PM on 19 Jun 2026
Allotment
22 Jun 2026
Refunds
23 Jun 2026
Shares in demat
23 Jun 2026
Listing
24 Jun 2026
Subscription and listing
Subscription
2.46x
Listing price
₹22
Registrar
Integrated Registry Management Services Pvt Ltd
Lead manager
Finshore Management Services
Subscription by category
Total
2.46x
Total applications
4,511
Listing day
Issue price
₹23
Open
₹22.00
High
₹23.10
Low
₹22.00
Day close
₹23.10
Listing gain at open
-4.35%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
3,78,000
0.98%
NII Shares Offered
1,42,20,000
36.95%
bNII > ₹10L
94,80,000
24.63%
sNII < ₹10L
47,40,000
12.32%
Retail Shares Offered
2,19,60,000
57.06%
Market Maker Shares Offered
19,26,000
5.00%
Total Shares Offered
3,84,84,000
100.00%
Finaccle’s quick read
Avoid
FY25 income down 16%, PAT down 1%, ROE 21.03%, D/E 0.48, post-issue P/E 17.24x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
21.03%
ROCE
23.98%
Debt / equity
0.48
PAT margin
14.04%
P/E post issue
17.24
Market cap
₹326.12 Cr
Use of IPO money
Funding Capital Expenditure towards setting up Assembling Unit
₹27.00 Cr
Working Capital Requirements
₹36.05 Cr
General Corporate Expenses
₹8.96 Cr
Issue Expenses
₹7.59 Cr
Strengths
✓
PAT margin of 14.04%
✓
ROE of 21.03% and ROCE of 23.98%
✓
Moderate leverage: debt to equity 0.48
Risks to watch
!
Revenue fell 16% in FY25
!
PAT fell 1% in FY25
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.