Leapfrog Engineering IPO
Market Sentiment
Market Lot Size
IPO Details
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 105.38 | 162.88 | 137.37 | 105.05 |
| Expense | 104.76 | 139.89 | 115.50 | 85.65 |
| Profit (PAT) | 0.28 | 16.39 | 16.22 | 14.18 |
| Total Assets | 66.45 | 51.11 | 149.17 | 156.04 |
| Company | P/E | EPS | Market Cap (Cr) |
|---|---|---|---|
| Engineers India Limited | 26.21 | 8.28 | 18 |
| Konstelec Engineers Limited | 14.82 | 2.83 | 4 |
Promoters: Mr. Prabhav Narasimha Rao, and Mrs. Priyashaila Prabhav Rao
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 10,71,84,000 | 92.59% |
| Promoter Holding Post Issue | 14,17,92,000 | 67.27% |
Company Information
Leapfrog Engineering Services, founded in 2005, is one of the growing integrated engineering service and EPCC services providers in India. The company provides complete EPCC solutions for various industries, including Oil & Gas, Food Processing, Pharmaceuticals, and Metals. Leapfrog offers a wide range of services, including Electrical Solutions, Instrumentation & Industrial Automation, Fire Protection & Safety Systems, and Building Automation Systems. They make sure each of their products meets the standards of safety, high quality, and efficiency. Since its incorporation in 2005, the firm has successfully operated various range of Design and Build projects. With years of experience in the engineering services sector, the company ensures timely delivery through strong management, an in-house team, and a supply chain.
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure towards setting up Assembling Unit | 28.07 |
| Working Capital Requirements | 45.06 |
| Issue Related Expenses | - |
| General Corporate Purpose | - |
Resources & Documents
Leapfrog Engineering Services Ltd., No 496, Chaithanya Dhriti Rudresh,, 6th Main, 8th Cross, Vijaya Bank Layout,, Bannerghatta Road, Bangalore Urban, Karnataka, 560076
Leapfrog Engineering has set a price band of Rs 21–Rs 23 per share for an issue size of Rs 89 crore. The SME issue is in the upcoming pipeline with dates yet to be finalised.
Leapfrog Engineering Services, founded in 2005, is one of the growing integrated engineering service and EPCC services providers in India. The company provides complete EPCC solutions for various industries, including Oil & Gas, Food Processing, Pharmaceuticals, and Metals.
The issue is promoted by Mr. Prabhav Narasimha Rao, and Mrs. Priyashaila Prabhav Rao with Finshore Management Services Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding Capital Expenditure towards setting up Assembling Unit (Rs 28 crore) and Working Capital Requirements (Rs 45 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 0.00x, retail at 0.00x.
On fundamentals, the company is posting revenue growth of -15.7%, a profit margin of 11.8%, return on equity of 30.5% in its most recent reported period. Listed peers in this segment include Engineers India Limited (P/E 26.21x, market cap Rs 18 crore) and Konstelec Engineers Limited (P/E 14.82x, market cap Rs 4 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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