Leapfrog Engineering Services is set to launch its initial public offering (IPO) with a fresh issue of 3.46 crore shares aggregating Rs 79.6 crore and an offer for sale of 38.76 lakh shares worth Rs 8.91 crore. The price band is fixed at Rs 21-23 per share, and the IPO aims to raise funds for expansion and working capital.
The IPO comprises a total of 3.85 crore shares, with a net offer to the public of 3.66 crore shares after accounting for the market maker portion. Retail investors are allocated 60.07% of the net issue, while non-institutional investors have 38.9% and qualified institutional buyers just over 1%. Investors can bid for a minimum of 12,000 shares, with the minimum investment for retail investors at Rs 2.76 lakh at the upper price band.
Leapfrog Engineering Services, incorporated in 2005, offers integrated engineering procurement, procurement and construction (EPCC) solutions across various sectors, including oil and gas, pharmaceuticals, and food processing. The company plans to use Rs 27 crore from the IPO proceeds to set up an assembling unit and Rs 36.05 crore for working capital needs.
Financially, the company reported a revenue of Rs 137.37 crore and a profit after tax of Rs 16.22 crore in FY25. For the nine months ending December 2025, it posted a revenue of Rs 105.05 crore and a profit after tax of Rs 14.18 crore. The company's strengths include an experienced management team, a diversified project portfolio, and a strong order book.
Finshore Management Services is the book-running lead manager for the issue, with Integrated Registry Management Services as the registrar. Anant Securities will act as the market maker. The allotment is expected to be finalized on June 22, with refunds and credit of shares likely on June 23. The stock is scheduled to debut on the market on June 24.
Background
Leapfrog Engineering Services' IPO is a significant step for the company as it seeks to expand its operations and strengthen its financial position. The company's diverse project portfolio and strong order book position it well in the competitive EPCC sector.
Investors will be watching the market debut closely to gauge the company's future performance.
