Leapfrog Engineering IPO

Listed SME
Open Jun 17
Close Jun 19
Allotment Jun 22
Refund Jun 23
Listing Jun 24

Market Sentiment

+Rs 0
+0.0%
Est. Listing: Rs 23
Updated: Apr 20, 2026 6:23 am
Subscription Status
QIB
20.32x
NII
4.61x
bNII (>10L)
4.53x
sNII (2-10L)
4.53x
Retail
0.84x
Total
2.61x
Updated: Jun 19, 2026 5:38 pm IST
Analysis Score 38 / 100
Avoid
Data: 80%
GMP Score 40
Subscription Score 25
Financial Health 61
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹21-23 per equity share
Face Value₹1 Per Equity Share
Total Issue Size ₹89.00 crore
Fresh Share₹80.00 crore
Offer For Sale₹9.00 crore
Issue TypeBook build Issue
Lead ManagerFinshore Management Services Ltd.
RegistrarIntegrated Registry Management Services Pvt.Ltd.
Listing atBSE
BSE Code544797
ISININE0X6O01027
Listing Price₹22.00
Listing Gain-4.35%

IPO Reservation

Category Shares Offered Shares %
QIB3,78,0001.03%
NII (HNI)1,42,20,00038.90%
bNII > ₹10L1,09,56,00029.97%
sNII < ₹10L54,78,00014.98%
Retail2,19,60,00060.07%

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 12.48x 20.32x 20.32x
NII 2.22x 3.26x 4.61x
bNII > ₹10L 2.18x 3.21x 4.53x
sNII 2-10L 2.18x 3.21x 4.53x
Retail 0.29x 0.45x 0.84x
Total 1.22x 1.83x 2.61x

Financial Analysis

Financial Data
EPS (Pre)
Rs 1.57
ROE
30.47%
ROCE
32.45%
RoNW
30.47%
EBITDA Margin
16.01%
Debt/Equity
0.38
NAV/Share
Rs 4.97
Revenue Growth
-15.66%
Profit Margin
11.81%
Financial Performance
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
Values in Crores (₹)

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 12,000 ₹2,76,000
Retail Maximum 2 12,000 ₹2,76,000
S-HNI Minimum 3 18,000 ₹4,14,000
S-HNI Maximum 7 42,000 ₹9,66,000
B-HNI Minimum 8 48,000 ₹11,04,000
Budget to Lots Calculator
Peer Comparison
Company EPS P/E RoNW % NAV Income
Engineers India Limited 8.28 26.21 17.76 46.62 3,028.35 Cr
Konstelec Engineers Limited 2.83 14.82 4.34 65.34 193.71 Cr
Promoters & Holding Pattern

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%

Strengths & Risks

Strengths
  • Strong institutional (QIB) demand — 20.3x.
  • Solid profit margin — 11.8%.
  • Strong return on equity — 30%.
  • Low leverage — debt/equity of 0.38.
  • Mostly fresh capital — proceeds fund the company's growth, not an exit.
Risks & Concerns
  • Revenue fell 16% in the latest reported year.

Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Leapfrog Engineering

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.

Objects of the Issue
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

Anchor Investors
Anchor Bidding Date
April 22, 2026
Company Contact Information

Leapfrog Engineering Services Ltd., No 496, Chaithanya Dhriti Rudresh,, 6th Main, 8th Cross, Vijaya Bank Layout,, Bannerghatta Road, Bangalore Urban, Karnataka, 560076

Leapfrog Engineering IPO — Quick Take

Leapfrog Engineering has set a price band of Rs 21–Rs 23 per share for an issue size of Rs 89 crore. The stock listed with a 4.35% discount versus its issue price on June 24, 2026.

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 2.61x, retail at 0.84x, QIB at 20.32x, NII at 4.61x.

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) and Konstelec Engineers Limited (P/E 14.82x) — 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 an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Leapfrog Engineering IPO is Rs 21 to Rs 23 per share. Face value is Rs 1 per share.

The total issue size of Leapfrog Engineering IPO is Rs 89 crore, comprising fresh issue of Rs 80 crore and offer for sale (OFS) of Rs 9 crore.

Leapfrog Engineering IPO opens for subscription on June 17, 2026 and closes on June 19, 2026. Anchor investor bidding is scheduled for April 22, 2026.

The expected allotment date for Leapfrog Engineering IPO is June 22, 2026. Refunds for unsuccessful applicants are expected on June 23, 2026.

Leapfrog Engineering IPO is scheduled to list on June 24, 2026 on BSE. BSE script code: 544797, ISIN: INE0X6O01027.

The current GMP (Grey Market Premium) of Leapfrog Engineering IPO is +Rs 0 (+0.0% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Leapfrog Engineering IPO is currently subscribed 2.61 times overall — retail at 0.84x, QIB at 20.32x, NII at 4.61x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 0.84x for Leapfrog Engineering IPO, the estimated retail allotment probability is approximately 100.0%. This is a high probability of allotment.

The registrar for Leapfrog Engineering IPO is Integrated Registry Management Services Pvt.Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Leapfrog Engineering IPO are Finshore Management Services Ltd..

The promoter(s) of Leapfrog Engineering are Mr. Prabhav Narasimha Rao, and Mrs. Priyashaila Prabhav Rao.

Leapfrog Engineering IPO GMP — What It Means

The latest grey market premium for Leapfrog Engineering IPO is ₹0 (+0.0%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Leapfrog Engineering it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Leapfrog Engineering GMP history and trend, or learn how grey market premium works and how reliable it is.

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