Leapfrog Engineering IPO Subscription Status Day 2: Issue Booked 1.32 Times as QIB Portion Subscribed 12.48x 

Mumbai, June 18: Following a strong response from institutional investors, the Leapfrog Engineering IPO was subscribed 1.32 times on the second day of bidding. The BSE SME issue continued to attract healthy demand from qualified institutional buyers (QIBs) and non-institutional investors (NIIs), helping the overall subscription cross the one-time mark despite relatively muted retail participation. 

The ₹88.51 crore public issue opened for subscription on June 17, 2026, and will close on June 19, 2026. The IPO comprises a fresh issue of 3.46 crore shares aggregating ₹79.60 crore and an offer for sale of 0.39 crore shares aggregating ₹8.91 crore. 

Leapfrog Engineering IPO Subscription Status Day 2 

According to exchange data available as of 11:24 AM on June 18, 2026, the IPO received bids for 4,82,04,000 shares against 3,65,58,000 shares on offer, resulting in an overall subscription of 1.32 times. 

Within the NII category, the sNII segment led demand with a subscription of 6.30 times, while the bNII portion was subscribed 0.63 times. 

QIB Investors Drive Subscription 

Institutional investors remained the biggest contributors to the issue’s strong Day 2 performance. 

The QIB portion, excluding anchor investors, was subscribed 12.48 times, receiving bids for 47,16,000 shares against 3,78,000 shares available in the category. 

Such strong institutional participation often draws market attention, particularly in SME offerings where QIB allocations are comparatively limited. 

NII Portion Remains Strongly Subscribed 

The non-institutional investor category continued to witness healthy participation and was subscribed 2.52 times. 

The category received bids for 3,57,96,000 shares against 1,42,20,000 shares reserved for NIIs. Within the segment, smaller HNIs showed stronger interest, with the sNII portion subscribed 6.30 times. 

Retail Demand Yet to Catch Up 

Retail participation remained relatively subdued on Day 2. 

The retail category was subscribed 0.35 times, attracting bids for 76,92,000 shares against 2,19,60,000 shares reserved for retail investors. 

With one day of bidding still remaining, market participants will be watching whether retail demand accelerates ahead of the issue’s closing date. 

Leapfrog Engineering IPO Details 

The IPO is being offered in a price band of ₹21 to ₹23 per share. 

Issue Structure 

• Fresh Issue: 3.46 crore shares aggregating ₹79.60 crore  

• Offer For Sale: 0.39 crore shares aggregating ₹8.91 crore  

Key Issue Details 

• Issue Size: ₹88.51 crore  
• Price Band: ₹21 to ₹23 per share  
• Lot Size: 6,000 shares  
• Minimum Retail Application: 12,000 shares  
• Minimum Investment: ₹2,76,000  
• IPO Closing Date: June 19, 2026  
• Tentative Allotment Date: June 22, 2026  
• Tentative Listing Date: June 24, 2026  
• Listing Platform: BSE SME  

Leapfrog Engineering IPO Reservation Details 

The net issue has been allocated among investor categories as follows: 

• Retail Investors: 2,19,60,000 shares (60.07% of net issue)  
• NII Investors: 1,42,20,000 shares (38.90% of net issue)  
• QIB Investors: 3,78,000 shares (1.03% of net issue)  

Additionally, 19,26,000 shares have been reserved for the market maker. 

About Leapfrog Engineering 

Leapfrog Engineering is accessing the capital markets through the SME route with a combination of a fresh issue and an offer for sale. The company intends to utilise the fresh issue proceeds for its business requirements and future expansion plans. 

Finshore Management Services Ltd. is the book-running lead manager to the issue, while Integrated Registry Management Services Pvt. Ltd. acts as the registrar. 

Conclusion 

Leapfrog Engineering IPO remained fully subscribed on Day 2, with strong institutional and non-institutional demand pushing overall subscription to 1.32 times. As the issue enters its final day of bidding on June 19, 2026, investors will be closely watching whether retail participation strengthens and further boosts the overall subscription figures.  

Source: 

• https://www.sebi.gov.in/filings/public-issues/jun-2026/leapfrog-engineering-services-limited_102069.html