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Leapfrog Engineering Services IPO
₹2,76,000/2 Lot (12,000) shares
Minimum Investment
IPO Details
23 Apr 26
27 Apr 26
₹2,76,000
2 Lot (12,000)
₹21 to ₹23
BSE
TBA
30 Apr 26
Leapfrog Engineering Services IPO Timeline
Bidding Start
23 Apr 26
Bidding Ends
27 Apr 26
Allotment Finalisation
28 Apr 26
Refund Initiation
29 Apr 26
Demat Transfer
29 Apr 26
Listing
30 Apr 26
About Leapfrog Engineering Services Limited
Leapfrog Engineering Services Limited, incorporated in 2005, provides integrated engineering and EPCC solutions across industries such as oil & gas, pharmaceuticals, food processing, and metals. The company offers services including electrical systems, industrial automation, fire safety systems, and building automation. It has developed a strong reputation for delivering turnkey projects with efficiency and quality. Backed by experienced promoters and a skilled workforce, the company has built a diversified portfolio and maintains a strong execution track record across domestic and international markets.
Leapfrog Engineering Services Limited IPO Overview
Leapfrog Engineering Services Limited IPO is a book building issue aggregating ₹88.51 crore, comprising a fresh issue of ₹79.60 crore and an offer for sale of ₹8.91 crore. The IPO opens on April 23, 2026, and closes on April 27, 2026, with allotment expected on April 28, 2026. The shares are proposed to be listed on BSE SME on April 30, 2026. The price band is set at ₹21 to ₹23 per share, with a lot size of 6,000 shares. Finshore Management Services Ltd. is the lead manager and Integrated Registry Management Services Pvt. Ltd. is the registrar.
Leapfrog Engineering Services Limited IPO Details
| Particulars | Details |
| IPO Date | 23 April 2026 to 27 April 2026 |
| Listing Date | 30 April 2026 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹21 to ₹23 per share |
| Lot Size | 6,000 Shares |
| Total Issue Size | 3,84,84,000 shares (aggregating up to ₹88.51 Cr) |
| Fresh Issue | 3.46 crore shares (₹79.60 Cr) |
| Offer for Sale | 0.39 crore shares (₹8.91 Cr) |
| Issue Type | Book building IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 10,71,84,000 shares |
| Share Holding Post Issue | 14,17,92,000 shares |
| Market Maker Portion | 19,26,000 shares |
Leapfrog Engineering Services Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | Not less than 75% of the Net Issue |
| Retail | Not more than 10% of the Net Issue |
| NII (HNI) | Not more than 15% of the Net Issue |
Leapfrog Engineering Services Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 12,000 | ₹2,76,000 |
| Retail (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 |
Leapfrog Engineering Services Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 92.59% |
| Post-Issue | 67.27% |
Leapfrog Engineering Services Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹1.32 |
| Price/Earnings (P/E) Ratio | TBD |
| Return on Net Worth (RoNW) | 21.03% |
| Net Asset Value (NAV) | 6.29 |
| Return on Equity | 21.03% |
| Return on Capital Employed (ROCE) | 23.98% |
| EBITDA Margin | 19.98% |
| PAT Margin | 14.04% |
| Debt to Equity Ratio | 0.48 |
Objectives of the Proceeds
- Funding capital expenditure for setting up assembling unit ₹27 crore
- Meeting working capital requirements to support business expansion ₹36.05 crore
- Funding issue related expenses and listing formalities
- General corporate purposes and operational strengthening initiatives
Key Financials (in ₹ crore)
| Particulars | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 156.04 | 149.17 | 51.11 | 66.45 |
| Revenue | 105.05 | 137.37 | 162.88 | 105.38 |
| Profit After Tax | 14.18 | 16.22 | 16.39 | 0.28 |
| Reserves and Surplus | 56.72 | 42.54 | 21.23 | 4.84 |
| Total Borrowings | 32.22 | 20.11 | 13.78 | 13.05 |
IPO Strengths
- Experienced promoters backed by a strong and capable management team
- Strong order book providing revenue visibility and business stability
- Established global presence across multiple international markets
- Diversified portfolio across various industry segments, reducing concentration risk
- Proven track record of timely execution of complex engineering projects
Peer Group Comparison
| Name of Company | Face Value (in ₹) | EPS Basic & Diluted | NAV | P/E Ratio | RONW (%) | Revenue (₹ in Lakhs) |
| Leapfrog Engineering Services | 1.00 | 1.57 | 4.97 | [●] | 30.47% | 13,466.24 |
| Peer Group | ||||||
| Engineers India Limited – Standalone | 5.00 | 8.28 | 46.62 | 26.21 | 17.76% | 3,02,835.26 |
| Konstelec Engineers Limited – Standalone | 10.00 | 2.83 | 65.34 | 14.82 | 4.34% | 19,370.68 |
SWOT Analysis of Leapfrog Engineering Services IPO
Strength and Opportunities
- Experienced promoters with strong technical expertise and industry knowledge
- Diversified service portfolio across multiple industrial sectors
- Strong order book ensuring future revenue visibility
- Established track record of timely project execution
- Growing demand for automation and EPC solutions globally
Risks and Threats
- Revenue fluctuations observed across financial years
- Dependence on project-based contracts impacts consistency
- Exposure to economic and industrial cycle risks
- High competition in EPC and engineering services space
- Working capital intensive operations affecting cash flows
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How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs on Leapfrog Engineering Services IPO
How can I apply for Leapfrog Engineering Services Limited IPO?
You can apply via HDFC Sky using the UPI-based ASBA process quickly and conveniently during the IPO subscription period.
What is the minimum investment required for the IPO?
The minimum investment for retail investors is ₹2,76,000 for 12,000 shares at the upper price band.
When will the IPO be listed?
The IPO is expected to be listed on the BSE SME on April 30, 2026.
What is the price band of the IPO?
The IPO price band is fixed between ₹21 and ₹23 per share for investors.
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