Leapfrog Engineering Services IPO: Bengaluru EPCC Firm IPO Opens On 17 June At ₹21 to ₹23 Per Share

Leapfrog Engineering Services is opening its ₹88.5 crore initial public offering (IPO) for subscription on Wednesday, 17 June, with the issue closing on 19 June.

The allotment is likely to be finalised on 22 June. Refunds and credit of shares to successful bidders are expected on 23 June. The company is expected to list on the BSE SME platform on 24 June.

IPO Structure

Key details of Leapfrog Engineering Services IPO are as follows:

• Fresh issue: 3.46 crore shares aggregating ₹79.6 crore.

• Offer for sale: 38.76 lakh shares worth ₹8.91 crore.

• Price band: ₹21 to ₹23 per share.

• Minimum retail bid: 12,000 shares, in multiples of 6,000 thereafter.

• Minimum retail investment at upper price band: ₹2.76 lakh.

• Minimum high-net-worth investor investment: ₹4.14 lakh for three lots.

How Proceeds Will Be Used

• Setting up an assembling unit: ₹27 crore.

• Working capital requirements: ₹36.05 crore.

• General corporate purposes: Remainder.

About The Company

Incorporated in 2005 and headquartered in Bengaluru, Leapfrog Engineering Services provides integrated engineering procurement and construction solutions across oil and gas, pharmaceuticals, food processing, metals and utilities. Services span electrical engineering, industrial automation, instrumentation, fire protection systems, building automation and turnkey engineering, procurement, construction and commissioning projects.

The company has built a significant presence in the Middle East, with an order book exceeding ₹384 crore, of which over ₹327 crore comes from export projects in Kuwait, Bahrain and other Gulf markets.

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Financial Performance

• FY25 revenue: ₹137.37 crore.

• FY25 Earnings Before Interest, Tax, Depreciation and Amortisation: ₹21.57 crore.

• FY25 profit after tax: ₹16.22 crore.

• Nine months ended December 2025 revenue: ₹105.05 crore.

• Nine months ended December 2025 profit after tax: ₹14.18 crore.

Finshore Management Services is the book-running lead manager, Integrated Registry Management Services is the registrar and Anant Securities will act as market maker for the issue.

Source:

The Economic Times