Leapfrog Engineering IPO Opens: A ₹88 Crore Fundraising Drive
Leapfrog Engineering Services Limited, a company operating in the engineering and construction sector, has launched its Initial Public Offering (IPO) today, April 23. Investors have until April 27 to subscribe to this SME IPO. The company aims to raise ₹88.51 crore through this offering, attracting attention in a market with limited primary activities.
Key Details of the Leapfrog Engineering IPO
The IPO is priced between ₹21 and ₹23 per share. The total issue size comprises ₹79.60 crore from fresh equity shares and an Offer for Sale (OFS) component of ₹8.91 crore. For subscription, a minimum of 6,000 shares must be applied for in one lot. Retail investors will need to invest a minimum of ₹1,38,000 to apply for two lots, totaling 12,000 shares.
Important Dates for Leapfrog Engineering IPO
- Opening Date: April 23
- Closing Date: April 27
- Allotment Date: April 28
- Refunds/Share Credit: April 29
- Listing Date: April 30 on BSE SME
How Leapfrog Engineering Plans to Utilize IPO Funds
Leapfrog Engineering specializes in providing electrical systems, automation, and fire safety solutions for industries such as oil and gas, pharmaceuticals, and metals. The funds raised from the IPO are earmarked for significant expansion. Approximately ₹27 crore will be invested in establishing a new assembling unit, while ₹36 crore will be allocated to bolster the company’s working capital requirements.
Financial Performance and Market Sentiment
Leapfrog Engineering Services has experienced fluctuations in its financial performance during FY2024-25. Operational revenue saw a decrease of about 15%, falling to ₹134.66 crore from ₹157.85 crore in the previous year. Despite this revenue dip, the company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 9.3% to ₹21.56 crore. Net profit after tax (PAT) stood at ₹16.22 crore, a slight decrease from ₹16.39 crore in the prior year. However, the company has shown strong recovery signs in the first nine months of the current fiscal year (FY26), reporting revenue of ₹101 crore and a profit of ₹14.18 crore as of December 31, 2025.
Market sentiment surrounding the IPO appears subdued, with the Grey Market Premium (GMP) currently at ₹0. This indicates that the stock is trading at its issue price of ₹23 in the unofficial market, suggesting limited immediate listing gains based on current estimations.
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