IPO Alert: Leapfrog Engineering IPO Opens April 23 at ₹21-₹23 Price Band; Aims to Raise ₹88.5 Crore

The initial public offering (IPO) of Leapfrog Engineering Services is set to open for public subscription on April 23, 2026.  

The company aims to raise ₹88.5 crore through this IPO, which includes a fresh issue of 34.6 million equity shares and an offer for sale (OFS) of up to 3.9 million shares. 

Leapfrog Engineering IPO Price Band and Lot Size 

The IPO is priced between ₹21 and ₹23 per share. Investors can bid in lots of 6,000 shares. At the upper price band, a retail investor will need ₹1,38,000 to purchase 2 lots, totalling 12,000 shares. 

Company Overview 

Leapfrog Engineering Services specialises in engineering, procurement, construction, and commissioning (EPCC) services.  

The company focuses on electrical, instrumentation, fire safety, modular substation, and automation systems, serving industries such as Oil and Gas, Food Processing, Pharma, and Metals. 

IPO Key Dates 

The IPO will remain open until April 27, 2026. The basis of allotment is expected to be finalised on April 28, with shares credited to investors' demat accounts by April 29.  

The shares are tentatively scheduled to list on the BSE SME platform on April 30, 2026. 

Read More: Pernod Ricard India IPO in Focus as Company Begins Early Preparations for Potential Listing! 

Registrar and Lead Manager 

Integrated Registry Management Services is the registrar for the IPO, while Finshore Management Services is the sole book-running lead manager. 

Use of Proceeds 

According to the red herring prospectus, ₹27 crore from the fresh issue proceeds will be used to set up an assembling unit.  

Additionally, ₹36 crore will be allocated for working capital requirements and issue-related expenses. The remaining funds will be used for general corporate purposes. 

Financial Overview 

For the nine-month period ending December 31, 2025, Leapfrog Engineering reported a revenue of ₹101 crore and a profit of ₹14.18 crore.  

In FY25, the company recorded a revenue of ₹134.66 crore, a decrease from ₹157.85 crore in the previous fiscal.  

EBITDA for FY25 was ₹21.56 crore, up from ₹19.73 crore in FY24, with a PAT of ₹16.22 crore compared to ₹16.39 crore in FY24. 

Conclusion 

The Leapfrog Engineering IPO offers investors an opportunity to participate in a company with a strong focus on EPCC services across various industries. With a price band of ₹21 to ₹23, the IPO aims to raise ₹88.5 crore, supporting the company's growth initiatives. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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