Leapfrog Engineering Services IPO- Company Analysis
Leapfrog Engineering Services IPO, classified under the SME IPO segment, is a book-built issue worth Rs. 88.51 crore by Leapfrog Engineering Services Limited. The company provides EPCC services and operates in the integrated engineering services space.
The company maintains high standards of quality, safety, and efficiency by delivering end-to-end EPCC solutions across multiple industries, including metals, food processing, oil and gas, and pharmaceuticals.
Backed by decades of experience, Leapfrog Engineering Services Limited has successfully executed a wide range of EPC design and build projects since 2005, ensuring timely project completion through strong supply chain management and dedicated in-house teams.
Services:
Electrical Remedies
Industrial Automation & Instrumentation
Safety and Fire Protection Systems
Building Automation Systems
Leapfrog Engineering Services IPO Details
The Leapfrog Engineering Services IPO is scheduled to open on 23 April 2026 and will close on 27 April 2026. The IPO allotment is expected on 28 April, followed by refund initiation on 29 April 2026.
This Rs. 88.51 crore SME IPO consists of a combination of a fresh issue of 3.46 crore shares (Rs. 79.60 crore) and an offer for sale of 0.39 crore shares (Rs. 8.91 crore).
The Leapfrog Engineering Services IPO listing date is expected to be Thursday, 30 April 2026, with listing on the BSE SME platform.
The Leapfrog Engineering Services IPO price band is fixed at Rs. 21 to Rs. 23 per share.
IPO Timetable (Tentative)
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
Cash Flows
(Amount in lac)
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company intends to utilise the Net Proceeds from the issue towards the following objectives:
Funding capital expenditure for setting up an assembling unit – approximately Rs. 27 crore
Meeting working capital requirements – approximately Rs. 36.05 crore
Issue-related expenses
General corporate purposes
Listed Peers of Leapfrog Engineering Services Ltd.
Valuation
Evaluation of P/E Ratio
For the period ended FY 2025, the company reported an EPS of Rs. 1.57. Based on this, the resulting P/E ratio stands at 14.64x.
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IPO's Strengths
Skilled promoters supported by a capable management group.
Robust Order Book.
robust worldwide presence.
A portfolio that is diversified across multiple market segments.
a proven track record of prompt execution.
IPO's Weaknesses
Legal proceedings.
Dependence on leased premises
Execution risk in expansion plans.
Leapfrog Engineering Services IPO GMP (Grey Market Premium)
As of 21 April 2026, the Leapfrog Engineering Services IPO GMP has not started yet at the time of writing this update.
Leapfrog Engineering Services IPO Summary
IPO Lot Details
Retail investors can apply for a minimum of 2 lots (12,000 shares) amounting to Rs. 2,76,000, and in multiples thereof. Meanwhile, HNI investors can apply for a minimum of 3 lots (18,000 shares) amounting to Rs. 4,14,000.
Leapfrog Engineering Services IPO Allotment Status
To check the Leapfrog Engineering Services IPO allotment status, you can visit the official registrar’s website or the BSE Limited website. The direct links are provided below for your convenience.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Leapfrog Engineering Services Ltd.
Mr. Prabhav Narasimha Rao
Mrs. Priyashaila Prabhav Rao.
IPO Lead Managers
Finshore Management Services Ltd.
Dividend Policy
The company has not declared or paid any dividend during the last three years.
Conclusion
At a P/E of around 14.64x, the Leapfrog Engineering Services IPO appears as a new issue-heavy SME opportunity in the EPCC and industrial automation segment. The IPO could attract investors looking for exposure to the engineering sector on the BSE SME Platform, supported by its strong order book, healthy margins, and consistent revenue growth.
To read the company’s prospectus, click here to download the DRHP.
Disclaimer: This blog is not a buy or sell recommendation. No investment or trading advice is provided. The content is purely for educational and informational purposes only. Always consult your qualified financial advisor before making any investment decisions.
