Leapfrog Engineering Services was incorporated on May 09, 2005. The company is an integrated engineering services provider specializing in EPCC solutions across electrical, instrumentation, automation, fire protection, and modular substations for industries such as oil & gas, pharma, and metals. With over 20 years of experience, it has built strong expertise in executing large-scale projects including refineries, petrochemical plants, and industrial facilities
| Bidding Dates |
|---|
| 17 Jun 2026 - 19 Jun 2026 |
| Subscription |
|---|
| 2.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,52,000 | 2 | 2 | 6000 | 38.5 M | ₹21 - ₹23 | 67.26 % | ₹808.2 M - ₹885.1 M | RHP DOC |
Leapfrog Engineering Services IPO SUBSCRIPTION STATUS
19 Jun '26Leapfrog Engineering Services IPO overall subscription rate was 2.61 times the total available shares
Leapfrog Engineering Services IPO retail subscription rate was 1.37 times in the retail segment
Leapfrog Engineering Services IPO non-institutional investor subscription rate was 12.89 times in the non-institutional investor category
Leapfrog Engineering Services IPO Qualified Institutional Bidder subscription rate was 0.4 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Jun 2026 (Day 3) | 1.37x | 12.89x | 0.4x |
18 Jun 2026 (Day 2) | 0.74x | 9.13x | 0.4x |
17 Jun 2026 (Day 1) | 0.47x | 6.2x | 0.25x |
Leapfrog Engineering Services FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 101.0 | 14.2 | -7.5 | -7.8 | 20.0% |
| FY25 | 134.7 | 16.2 | -17.1 | -17.4 | 16.0% |
| FY24 | 157.9 | 16.4 | -1.2 | -2.3 | 12.5% |
| FY23 | 104.2 | 0.3 | 12.6 | 12.0 | 1.0% |
Leapfrog Engineering Services IPO SUBSCRIPTION STATUS DETAILS
Leapfrog Engineering Services had 38.5 M shares on offer
Leapfrog Engineering Services IPO offer price was in the range ₹21 - ₹23
Leapfrog Engineering Services IPO minimum Investment was ₹252000
Leapfrog Engineering Services IPO issue size was ₹ 808.2 M - ₹ 885.1 M
Leapfrog Engineering Services had a minimum lot size of 6000 Shares per application
Leapfrog Engineering Services NUMBER OF SHARES ON OFFER
Leapfrog Engineering Services IPO IMPORTANT DATES
| Issue Open Date | 17 Jun 2026 |
| Issue close Date | 19 Jun 2026 |
| Allotment Date | 22 Jun 2026 |
| Refund Date | 23 Jun 2026 |
| Demat Account Credit Date | 23 Jun 2026 |
| Listing Date | 24 Jun 2026 |
| Listing on Exchange(s) | BSE |
| Leapfrog Engineering Services Allotment Status | Exchange/ Registrar |
Leapfrog Engineering Services IPO subscription opened on 17 Jun 2026, and closed on 19 Jun 2026
IPO allotment for Leapfrog Engineering Services was finalized on Monday, 22 Jun 2026
IPO listing for Leapfrog Engineering Services was on BSE on Wednesday, 24 Jun 2026
Leapfrog Engineering Services IPO LISTING GAINS
| Issue Price (adjusted) | 23.0 |
| Listing Open Price | 22.0 |
| Listing Close Price | 23.1 |
| Listing Gain% | -4.3% |
| Current Gain% | -2.1% |
Leapfrog Engineering Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Leapfrog Engineering Services Ltd. | 22.5 | 319.2 | 16.3 | 0.8 | 2 | 26.9 | 11.7 | 163.5 | 19 | 19.6 | 20.7 | 1.4 | 20.7 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Leapfrog Engineering Services INFORMATION ON IPO ISSUE
About Leapfrog Engineering Services
Leapfrog Engineering Services was incorporated on May 09, 2005. The company is an integrated engineering services provider specializing in EPCC solutions across electrical, instrumentation, automation, fire protection, and modular substations for industries such as oil & gas, pharma, and metals. With over 20 years of experience, it has built strong expertise in executing large-scale projects including refineries, petrochemical plants, and industrial facilities
Object of the Issue
- Funding capital expenditure for setting up of assembling unit
- To meet working capital requirements
- To meet the issue expenses
- General corporate purposes
Leapfrog Engineering Services - PROMOTERS
| Name |
|---|
| Prabhav Narasimha Rao |
| Priyashaila Prabhav Rao |
Leapfrog Engineering Services - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Prabhav Narasimha Rao | Managing Director |
| Priyashaila Prabhav Rao | Whole Time Director |
| Sapna Raghavendra | Whole Time Director & CFO |
| Kommanhalli Giridhar | Non-Executive Director & Chairman |
| Vijay Kumar Sajjan | Independent Director |
| Krishnamurthy Salekoppa Parameshawarabhatta | Independent Director |
Leapfrog Engineering Services Book Running Lead Manager
Finshore Management Services Limited
info@finshoregroup.com
Leapfrog Engineering Services Registrar to the issue
Integrated Registry Management Services (P) Limited
smeipo@integratedindia.in
Leapfrog Engineering Services Strengths
Diversified portfolio
The company operates with stable performance due to its diversified presence across sectors such as oil & gas, mining, pharmaceuticals, power, telecom, and food processing, reducing dependence on any single industry. Its strong domestic and international footprint further enhances resilience by mitigating regional risks and ensuring consistent revenue through balanced geographic exposure
Strong order book
The company maintains a strong order book, reflecting robust future revenue visibility, driven by its focus on core competencies and successful execution of EPC projects across domestic and international markets. Its growth is supported by technical expertise, competitive bidding, timely project delivery, and strong client relationships, enabling consistent project wins and sustained business expansion
Global presence
The company has delivered over 14 projects in Kuwait, strengthening its reputation for reliable and tailored engineering solutions. Its expanding presence in the Middle East has been a key growth driver, contributing significantly to revenue and establishing it as a trusted partner for large-scale EPC projects
Leapfrog Engineering Services Risks
Operational risks
The company serves a diverse range of industrial sectors, including power, telecom, oil & gas, pharma, metals, mining, and railways, which provides a broad customer base but also exposes it to industry-specific risks. Any downturn due to economic, regulatory, or geopolitical factors in these sectors could lead to reduced orders, impacting revenue and overall financial performance
Labour intensive
The company operates in a labour-intensive industry, making its operations vulnerable to risks such as strikes, work stoppages, and rising wage demands, which could impact project execution and costs. Additionally, compliance with stringent labour laws in India may increase financial obligations and affect operational efficiency
Cost overrun risks
The company’s projects are subject to implementation risks such as time and cost overruns, unforeseen challenges, and external factors that may impact timely completion and financial performance. Delays could increase working capital requirements and adversely affect profitability and reputation
IPO FAQs
This IPO consists of an offer for sale of up to Rs 8.9 crore, of 3,876,000 shares. It also consists of a fresh issue of Rs 79.6 crore.
The promoters of the company are Prabhav Narasimha Rao and Priyashaila Prabhav Rao.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 21.0 - 23.0.
The IPO application opens on Jun 17, 2026 and closes on Jun 19, 2026.
The minimum lot size for the IPO is 12000. The maximum lot size for the IPO is 12000.
For all category investors, the minimum application amount for this IPO is Rs. 252,000.0, the maximum value for this IPO is Rs 276,000.0.
This IPO will be allotted on Jun 22, 2026.
The refund will be credited to your account on Jun 23, 2026.
The allotted shares will be credited to your demat on Jun 23, 2026.
Leapfrog Engineering Services Ltd.’s shares listed on the stock exchanges on Jun 24, 2026.