Leapfrog Engineering Services IPO
Bookbuilding IPO | ₹89.00 Cr | Listing at BSE SME
Closed
IPO Open
Wed, Jun 17, 2026
IPO Close
Fri, Jun 19, 2026
Price Band
₹21.00 to ₹23.00
Market Cap (Pre-IPO)
₹326.12 Cr
IPO Details
| IPO Date | Jun 17, 2026 to Jun 19, 2026 |
| Listing Date | Tentative: Jun 24, 2026 |
| Face Value | ₹1.00 per share |
| Price Band | ₹21.00 to ₹23.00 |
| Lot Size | 6000 Shares (Minimum: ₹138,000.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹89.00 Crores |
| Total Shares Offered | 38,484,000 shares |
| Fresh Issue | 32,682,000 shares |
| Offer For Sale | 3,876,000 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 20.32x |
| NII | 5.10x |
| Total | 2.70x |
Leapfrog Engineering Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 3,78,000 |
| Retail Shares Offered | 2,19,60,000 |
| NII Shares Offered | 1,42,20,000 |
Leapfrog Engineering Services IPO Lot Size
Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 12,000 | ₹276,000 |
| Retail (Max) | 2 | 12,000 | ₹276,000 |
| S-HNI (Min) | 3 | 18,000 | ₹414,000 |
| S-HNI (Max) | 7 | 42,000 | ₹966,000 |
| B-HNI (Min) | 8 | 48,000 | ₹1,104,000 |
Leapfrog Engineering Services Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 156.04 | 149.17 | 51.11 | 66.45 |
| Total Income | 105.05 | 137.37 | 162.88 | 105.38 |
| Profit After Tax | 14.18 | 16.22 | 16.39 | 0.28 |
| EBITDA | 20.18 | 21.57 | 19.73 | 1.01 |
| NET Worth | 67.44 | 53.26 | 21.71 | 5.32 |
| Reserves and Surplus | 56.72 | 42.54 | 21.23 | 4.84 |
| Total Borrowing | 32.22 | 20.11 | 13.78 | 13.05 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 30.47% |
| ROCE (Return on Capital Employed) | 32.45% |
| Debt/Equity | 0.38 |
| RoNW (Return on Net Worth) | 30.47% |
| PAT Margin (Profit After Tax Margin) | 12.05% |
| EBITDA Margin | 16.01% |
| Price to Book Value | 4.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.51 | 1.33 |
| P/E (x) | 15.19 | 17.24 |
| Promoter Holding | 92.59% | 67.27% |
Company Promoters
- Mr. Prabhav Narasimha Rao
- and Mrs. Priyashaila Prabhav Rao are the promoters of the company.
Company Overview
Leapfrog Engineering Services – Company Overview
- Incorporated in 2005, Leapfrog Engineering Services Limited is engaged in integrated engineering services and EPCC (Engineering, Procurement, Project Management & Construction) solutions.
- The company provides end-to-end EPCC services across industries such as Oil & Gas, Food Processing, Pharmaceuticals, and Metals, ensuring high standards of quality, safety, and operational efficiency.
- With extensive experience in EPC Design & Build projects, the company delivers projects through effective project management, supply chain capabilities, and in-house engineering expertise.
- The company offers a wide range of engineering solutions, including electrical systems, industrial automation, fire protection systems, and building automation solutions.
- Its electrical services include engineering consultancy, MV/LV switchgear manufacturing, turnkey EPC installations, operations & maintenance services, and commissioning support.
- The company specializes in instrumentation and industrial automation, offering DCS/PLC upgrades, robotics-based automation, instrumentation installation, and process control solutions.
- It also provides fire detection, alarm, suppression, and fire-rated safety systems, complying with national and international safety standards.
- Through its Building Automation Systems (BAS) solutions, the company delivers HVAC controls, access control systems, video surveillance, sensors, and smart monitoring systems to improve operational efficiency and safety.
- Leapfrog serves clients across industrial and infrastructure sectors by providing comprehensive engineering, automation, and safety solutions.
- As of April 30, 2026, the company had 112 employees on payroll and 60 contract employees.
Company Strengths
- Experienced Promoters backed by a strong management team
- Strong Order Book
- Strong global presence
- Diversified Portfolio across various market segment
- Established track record of timely execution
Use of Proceeds
| 1) | Funding Capital Expenditure towards setting up Assembling Unit | 27.00 |
| 2) | Working Capital Requirements | 36.05 |
| 3) | General Corporate Expenses | |
| Total | 63.05 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Leapfrog Engineering Services IPO Peer Comparison
Leapfrog Engineering Services peer comparison with similar listed entities. (As on March 28, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Engineers India Ltd | 8.28 | 8.28 | 46.62 | 27.14 | 17.76 | 4.87 | Standalone |
| Konstelec Engineers Limited | 2.83 | 2.83 | 65.34 | 17.60 | 4.34 | 0.75 | Standalone |
| Leapfrog Engineering Services | 1.57 | 1.57 | 4.97 | 14.65 | 30.47 | - | - |
Quick Info
| Sector | Engineering, Procurement, Construction, and Commissioning (EPCC) |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹326.12 Cr |
Important Dates
| IPO Open | Jun 17, 2026 |
| IPO Close | Jun 19, 2026 |
| Allotment Date | Jun 22, 2026 |
| Credit to Demat | Jun 23, 2026 |
| Listing Date | Tentative: Jun 24, 2026 |
Lead Manager(s)
Finshore Management Services Ltd.
Registrar
Integrated Registry Management Services Pvt.Ltd.
044 - 28140801 to 28140803
Description
- IPO Type: Book build issue aggregating to ₹88.51 crores.
- Issue Structure: Combination of a fresh issue of 3.46 crore shares totaling ₹79.60 crores and an offer for sale of 0.39 crore shares totaling ₹8.91 crores.
- IPO Dates: The issue opened on June 17, 2026 and closed on June 19, 2026.
- Allotment Date: The allotment is expected to be finalized on June 22, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on June 24, 2026.
- Retail Investment Requirement: Minimum 2 lots (12,000 shares) amounting to approximately ₹2,76,000 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (18,000 shares) totaling around ₹4,14,000.
- Issue Price Band: ₹21 to ₹23 per equity share.
- Lot Size: 6,000 shares per lot.
This IPO offers investors an opportunity to participate in the engineering and manufacturing sector through a combination of a fresh issue and an offer for sale of shares.