Leapfrog Engineering Services IPO Details, Financials, GMP & Review 2026
Latest Grey Market Premium & IPO Details
Leapfrog Engineering IPO 2026 – Key Info & Highlights
Get complete details of Leapfrog Engineering Services IPO including price band, lot size, financials, GMP, subscription status, and expert review. Explore company profile, strengths, risks, and investment insights before applying.
📌 IPO Details
| Company Name | Leapfrog Engineering IPO |
|---|---|
| Sector / Industry | Industrial / Engineering Sector |
| IPO Open Date | 23-04-2026 |
| IPO Close Date | 27-04-2026 |
| Allotment Date | 28-04-2026 |
| Refund Date | 29-04-2026 |
| Share Credit Date | 29-04-2026 |
| Listing Date | 30-04-2026 |
| Price Band | ₹21 - ₹23 |
| Lot Size | 6000 Shares |
| Min Investment | ₹2,76,000 ( 2 lots Price ) |
| Total Issue Size | ₹88.51 Cr |
| Reserved for Market Maker | ₹4.43 Cr |
| Net Issue Size | ₹84.08 Cr |
| Fresh Issue | ₹75.17 Cr |
| OFS | ₹8.91 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| RHP | View RHP |
| Issue Type | Book Build Issue |
| Face Value | ₹1 Per Equity Share |
| Promoter Holding Pre IPO | 92.59 % |
| Promoter Holding Post IPO | 67.27% |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 47.55% |
| QIB (Qualified Institutional Buyers) | - |
| HNI (High Net Worth Individuals) | 42.70% |
| Reserved for Market Maker | 5.00% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 30-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 30-04-2026 21:31 |
| 29-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 29-04-2026 16:42 |
| 28-04-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 28-04-2026 20:29 |
📝 About Leapfrog Engineering
About Us | Leapfrog Engineering Services Limited
Who We Are
Founded in 2005, Leapfrog Engineering Services Limited is an India-based engineering company specialising in integrated EPCC (Engineering, Procurement, Construction & Commissioning) services. We deliver end-to-end turnkey solutions across the oil & gas, food processing, pharmaceuticals, and metals industries.
What began as an Electrical & Instrumentation (E&I) services company has grown into a full-service engineering solutions provider — one that handles design, execution, and maintenance under a single roof. Every project we undertake is built around the client's specific industrial requirements, not a standard template.
Our Journey
We didn't start big. We started focused. Our roots in E&I gave us a strong technical foundation, and over the years, growing client demand pushed us to expand our capabilities. Today, we bring together in-house engineering expertise, efficient supply chain management, and a disciplined approach to project delivery — serving some of the most demanding industrial environments across India and beyond.
What We Offer
Electrical Solutions We provide engineering consultancy, MV/LV switchgear manufacturing, turnkey EPC installations, and operations & maintenance support — engineered for reliability and long-term performance.
Instrumentation & Industrial Automation From PLC/DCS upgrades to robotics integration and full-scale process automation, we help industrial facilities operate smarter, faster, and with greater precision.
Fire Protection & Safety Systems We design, install, and maintain fire detection, alarm, and suppression systems built to meet regulatory standards and protect people, assets, and operations.
Building Automation Systems Our smart building solutions — covering HVAC controls, access management, and surveillance — improve operational efficiency and provide real-time visibility across facility systems.
By the Numbers
- Incorporated: 2005
- Active order book: ₹275+ crore (as of January 2025)
- Team strength: 79 specialists
- Sectors served: Oil & Gas, Food Processing, Pharmaceuticals, Metals
Our Edge
We are execution-driven. Our strength lies not just in engineering expertise, but in our ability to deliver on time, within scope, and without compromise. A significant share of our current order book comes from export projects — a testament to the confidence that reputed global clients place in our work.
Financially, Leapfrog has maintained consistent profitability and steady growth in net worth, supported by a lean yet highly capable team.
The Road Ahead
Through our upcoming IPO, Leapfrog aims to expand operational capacity and strengthen its working capital base — enabling us to pursue larger, more complex projects across India and internationally. Our commitment remains unchanged: to deliver integrated engineering solutions that work, every time.
Leapfrog Engineering Revised Financials
Financial Summary (All Key Metrics)
Company shows strong growth in net worth and reserves over time. Profit remains consistent, while assets and borrowings have increased gradually, indicating business expansion.
| Particulars | 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 |
| Net Worth | 67.44 | 53.26 | 21.71 | 5.32 |
| Reserves & Surplus | 56.72 | 42.54 | 21.23 | 4.84 |
| Total Borrowing | 32.22 | 20.11 | 13.78 | 13.05 |
Note: All values are in ₹ Cr. Positive values indicate profit. Increasing net worth and reserves reflect improving financial strength, while rising borrowings indicate expansion.
Leapfrog Engineering Services Ltd – Objects of the Issue
The company intends to utilize the IPO proceeds to expand its operational capacity, strengthen working capital, and support long-term business growth. The focus is clearly on scaling operations and improving efficiency.
- ₹27.00 Cr – Capital Expenditure – Investment in setting up a new assembling unit to enhance production capabilities and meet increasing demand.
- ₹36.05 Cr – Working Capital Requirements – Funding day-to-day business operations such as inventory management, project execution, and operational expenses.
- — Issue Related Expenses – Expenses related to the IPO process, including legal fees, listing charges, marketing, and administrative costs.
- — General Corporate Purposes – Supporting overall business activities such as strategic initiatives, brand development, and operational improvements.
Total IPO Utilization: ₹63.05 Crore
Leapfrog Engineering Services Ltd – Key Strengths
The company’s strengths are driven by its execution capabilities, sector diversification, and consistent profitability, helping it maintain a stable position in the engineering services segment.
- Experienced Promoters & Management – The company is led by promoters with industry experience and supported by a management team focused on project execution and operations.
- Diversified Industry Exposure – Operates across multiple sectors such as oil & gas, pharmaceuticals, food processing, and industrial automation, reducing dependency on a single segment.
- Execution-Focused Business Model – The company has demonstrated the ability to execute engineering and EPC projects, which is critical in maintaining client relationships.
- Consistent Profitability – The company has reported stable profits in recent years, indicating operational efficiency and cost control.
- Growing Business Scale – Increasing net worth and reserves reflect gradual business expansion and strengthening financial position.
Leapfrog Engineering Services Ltd – Risk Factors
Investing in this IPO involves certain risks related to business operations, industry dynamics, and financial factors. Investors should carefully evaluate these before making a decision.
- Dependence on Project-Based Revenue – The company operates in an EPC/engineering model where revenue depends on project execution. Any delay or cancellation of projects may impact revenue and profitability.
- Client Concentration Risk – A significant portion of revenue may come from a limited number of clients. Loss of key clients can affect business performance.
- Industry Cyclicality – The engineering and EPC sector is linked to economic conditions. Slowdown in industries like oil & gas or infrastructure can impact order inflow.
- Working Capital Intensive Business – The company requires continuous working capital for project execution. Any liquidity constraints may affect operations.
- Execution Risk – Delays in project completion, cost overruns, or failure to meet client specifications may impact margins and reputation.
- Rising Borrowings – Increasing debt levels may lead to higher interest costs and financial risk if not managed efficiently.
- SME Listing Risk – Being listed on the SME platform, the stock may have lower liquidity and higher price volatility compared to mainboard IPOs.
Company Information
Founded in: 2005
MD / CEO: Mr. Prabhav Narasimha Rao
Address: Leapfrog Engineering Services Ltd.,
No 496, Chaithanya Dhriti Rudresh,
6th Main, 8th Cross, Vijaya Bank Layout,
Bannerghatta Road,
Bangalore Urban, Karnataka – 560076
Website: https://www.lesgroup.in/
Phone: +91 78994 81340
Email: cs@lesgroup.in
IPO Quick Info
23 Apr 2026
27 Apr 2026
Upcoming
Lead Manager(s)
- Finshore Management Services Ltd.
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Frequently Asked Questions
Leapfrog Engineering Services Ltd provides integrated EPCC (Engineering, Procurement, Construction & Commissioning) solutions, including electrical systems, industrial automation, fire safety, and building automation services across industries like oil & gas, pharma, and manufacturing.