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Leapfrog Engineering Services IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details
Leapfrog Engineering Services Limited is an EPC (Engineering, Procurement and Construction) company focused on power transmission infrastructure. It executes transmission lines (11 kV–400 kV), substations (up to 220 kV), underground cabling, and O&M services. The company earns revenue through turnkey EPC contracts where it handles design, procurement, construction, testing, and maintenance for government and private clients.
Leapfrog Engineering Services an Book Built Issue, amounting to ₹
88.51 Crore,consisting an fresh issue of
3.46 crore shares aggregating to ₹
79.60 crore and offer for sale of
0.39 crore shares aggregating to ₹
8.91 crore The subscription period for the Leapfrog Engineering Services IPO opens on April 23, 2026, and close on April 27, 2026. The allotment is expected to be finalized on or about 28 April, 2026, Tuesday, and the shares will be listed on the BSE with a tentative listing date set on or about Thursday, April 30, 2026.
The Share Price Band of Leapfrog Engineering Services IPO is set at ₹21 to ₹23 per share per equity share. The Market Capitalisation of the Leapfrog Engineering Services at IPO price of ₹23 per equity share will be ₹
326.12 Cr The lot size of the IPO is
6,000 shares. Retail investors are required to invest a minimum of ₹
276,000, 2 lots (
12,000 shares), while the minimum investment for High-Net-Worth Individuals (HNIs) is
3 lots (
18,000 shares), amounting to ₹
414,000.
FINSHORE MANAGEMENT SERVICES LIMITED, the book running lead manager of the Leapfrog Engineering Services Ltd. while INTEGRATED REGISTRY MANAGEMENT SERVICES (P) LIMITED is the registrar for the issue.The Market Maker of the company is Anant Securities.
Leapfrog Engineering Services Limited IPO GMP Today
The Grey Market Premium of Leapfrog Engineering Services IPO is expected to be ₹0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
Leapfrog Engineering Services Limited IPO Live Subscription Status Today: Real-Time Update
The subscription period for the Leapfrog Engineering Services IPO opens on April 23, 2026
Leapfrog Engineering Services Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Leapfrog Engineering Services IPO allotment date is 28 April, 2026, Tuesday, Leapfrog Engineering Services IPO Allotment will be out on 28 April, 2026, Tuesday, and will be live on Registrar Website from the allotment date.
INTEGRATED REGISTRY MANAGEMENT SERVICES (P) LIMITED IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Leapfrog Engineering Services IPO from the dropdown list of IPO
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of Leapfrog Engineering Services Limited IPO
Leapfrog Engineering Services to utilise the Net Proceeds towards the following objects:
1. ₹2,700.36 Lakhs is required for Funding Capital Expenditure towards setting up Assembling Unit
2. ₹3,604.82 Lakhs is required for Working Capital Requirements
3. General Corporate Purposes.
Refer to Leapfrog Engineering Services Limited RHP for more details about the Company.
Leapfrog Engineering Services Limited Day Wise IPO GMP Trend
| GMP Date | Issue Price | Expected Listing Price | GMP | Last Updated |
|---|---|---|---|---|
| April 20, 2026 | ₹ 23 | ₹ 23 | ₹0(0.0%) | 20 April 2026; 11:39 AM |
Leapfrog Engineering Services IPO Details
| Market Capitalization | ₹326.12 Cr. |
| IPO Date | January 01, 1970 to January 01, 1970 |
| Listing Date | January 01, 1970 |
| Face Value | ₹1 Per Share |
| Price Band | ₹21 to ₹23 per share |
| Issue Price | ₹23 per share |
| Employee Discount | NA |
| Lot Size | 6000 Equity Shares |
| Total Issue Size | 3,84,84,000 Equity Shares (aggregating to ₹88.51 Cr) |
| Fresh Issue | 3,46,08,000 Equity Shares (aggregating to ₹79.60Cr) |
| Offer for Sale | 38,76,000 Equity Shares (aggregating to ₹8.91 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSE SME |
| Share holding pre issue | 10,71,84,000 |
| Share holding post issue | 14,17,92,000 |
| Rating | Avoid |
Leapfrog Engineering Services IPO Anchor Investors Details
| Bid Date | N/A |
| Shares Offered | N/A |
| Anchor Portion Size (In Cr.) | N/A |
| Anchor lock-in period end date for 50% shares (30 Days) | N/A |
| Anchor lock-in period end date for remaining shares (90 Days) | N/A |
Leapfrog Engineering Services IPO Timeline (Tentative Schedule)
| IPO Open Date | Leapfrog Engineering IPO dates are yet to be announced. |
| IPO Close Date | Leapfrog Engineering IPO dates are yet to be announced. |
| Basis of Allotment | Leapfrog Engineering IPO dates are yet to be announced. |
| Initiation of Refunds | Leapfrog Engineering IPO dates are yet to be announced. |
| Credit of Shares to Demat | Leapfrog Engineering IPO dates are yet to be announced. |
| Listing Date | Leapfrog Engineering IPO dates are yet to be announced. |
| Cut-off time for UPI mandate confirmation | Leapfrog Engineering IPO dates are yet to be announced. |
Leapfrog Engineering Services IPO Reservation
| Investor Category | Shares Offered | Reservation % |
|---|---|---|
| QIB Portion | - | - |
| Non-Institutional Investor Portion | 18,279,000 | Not less than 50% of the Net Offer |
| Retail Shares Offered | 18,279,000 | Not less than 50% of the Net Offer |
| Market Maker Portion | 1,926,000 | - |
Leapfrog Engineering Services IPO Promoter Holding
| Share Holding Pre Issue | 86.99% |
| Share Holding Post Issue | 65.76% |
Leapfrog Engineering Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 12,000 | ₹276,000 |
| Retail (Max) | 2 | 12,000 | ₹276,000 |
| S-HNI (Min) | 3 | 18,000 | ₹414,000 |
| S-HNI (Max) | 7 | 42,000 | ₹966,000 |
| B-HNI (Min) | 8 | 48,000 | ₹1,104,000 |
Leapfrog Engineering Services IPO Subscription Status
| Investor Category | Shares Offered | Shares Bid For | No of Times Subscribed | Last Upadeted |
|---|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 0 | - | 0x | 20 April 2026; 11:39 AM |
| Non Institutional Investors(NIIS) | 20,205,000 | - | 0.00x | 20 April 2026; 11:39 AM |
| Retail Individual Investors (RIIs) | 18,279,000 | - | 0.00x | 20 April 2026; 11:39 AM |
| Total | 38,484,000 | - | 0.00x | 20 April 2026; 11:39 AM |
About Leapfrog Engineering Services Limited
Leapfrog Engineering Services Limited Financial Information (Restated Consolidated)
Amount in (₹ in Lakhs)
| Period Ended | Mar 31, 2023 | Mar 31, 2024 | Mar 31, 2025 | Dec 31, 2025 |
|---|---|---|---|---|
| Reserve of Surplus | 483.76 | 2,123.03 | 4,253.82 | 5,672.24 |
| Total Assets | 6,645.38 | 5,110.73 | 14,917.00 | 15,603.75 |
| Total Borrowings | 1,304.69 | 1,377.85 | 2,010.55 | 3,222.31 |
| Fixed Assets | 59.06 | 112.70 | 89.55 | 78.49 |
| Cash | 887.24 | 730.23 | 829.24 | 871.67 |
| Cash flow from operating activities | 1,264.52 | -115.78 | -1,714.85 | -752.22 |
| Cash flows from investing activities | -240.11 | 0.69 | -255.69 | -11.84 |
| Cash flow from financing activities | -815.97 | -106.36 | 1,971.43 | 762.22 |
| Net Borrowing | 417.45 | 647.62 | 1,181.31 | 2,350.64 |
| Revenue | 10,537.88 | 16,287.69 | 13,736.69 | 10,504.57 |
| EBITDA | 100.51 | 1,973.07 | 2,156.50 | 2,018.01 |
| PAT | 28.30 | 1,639.27 | 1,622.47 | 1,418.40 |
| PAT Margin | 0.27% | 10.06% | 11.81% | 13.50% |
| EPS | 0.03 | 1.63 | 1.57 | 1.32 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2025 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2025 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Issue Data, given in FINANCIAL EXPRESS.
Key Performance Indicator
| KPI | Values |
|---|---|
| EPS Pre IPO (Rs.) | 1.57 |
| EPS Post IPO (Rs.) | 1.14 |
| Adjusted 12M EPS Post IPO (Rs.) | 1.33 |
| P/E Pre IPO | 14.65 |
| P/E Post IPO | 20.10 |
| Adjusted 12M P/E Post IPO | 17.24 |
| ROE | 30.47% |
| ROCE | 32.45% |
| P/BV | 4.63 |
| Debt/Equity | 0.38 |
| RoNW | 30.47% |
| EBITDA Margin | 16.01% |
| PAT Margin | 11.81% |
Leapfrog Engineering Services Limited IPO Peer Comparison
| Company Name | EPS | P/E (x) | ROE | ROCE | P/BV | Debt/Equity | RoNW (%) |
|---|---|---|---|---|---|---|---|
| Leapfrog Engineering Services | 1.14 | 20.10 | 30.47% | 32.45% | 4.63 | 0.38 | 30.47% |
| Engineers India | 8.28 | 26.21 | 23.2 % | 25.0 % | 5.17 | 0.01 | 17.76% |
| Konstelec Engineers | 2.83 | 14.82 | 4.74 % | 9.24 % | 0.71 | 0.82 | 4.34% |
Leapfrog Engineering Services Limited Contact Details
Leapfrog Engineering Services Limited
Phone: +91 78994 81340
Email: cs@lesgroup.in
Website: http://www.lesgroup.in/
Leapfrog Engineering Services IPO Registrar and Lead Manager(s)
INTEGRATED REGISTRY MANAGEMENT SERVICES (P) LIMITED
Phone: 080-23460815-819
Email: smeipo@integratedindia.in
Website: http://www.integratedregistry.in/
FINSHORE MANAGEMENT SERVICES LIMITED
Phone: 033 – 2289 5101 / 4603 2561
Email: investors@finshoregroup.com
Website: http://www.finshoregroup.com/
Leapfrog Engineering Services IPO Review
Om Power Transmission Limited is an EPC (Engineering, Procurement and Construction) company focused on power transmission infrastructure. It executes transmission lines (11 kV–400 kV), substations (up to 220 kV), underground cabling, and O&M services. The company earns revenue through turnkey EPC contracts where it handles design, procurement, construction, testing, and maintenance for government and private clients.
The Company is led by Promoter, i.e.,(i) Mr. Prabhav Narasimha Rao and (ii)Mrs. Priyashaila Prabhav Rao
The Revenues from operations for the Period ended on Dec 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 10,504.57 Lakh, ₹ 13,736.69 Lakh, ₹ 16,287.69 Lakh, and ₹ 10,537.88 Lakh, The EBITDA for the Period ended on Dec 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 2,018.01 Lakh, ₹ 2,156.50 Lakh, ₹ 1,973.07 Lakh, and ₹ 100.51 Lakh, The Profit after Tax for the Period ended on Dec 31 2026, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,418.40 Lakh, ₹ 1,622.47 Lakh, ₹ 1,639.27 Lakh, and ₹ 28.30 Lakh, respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 8.98 and post-issue EPS of ₹ 6.45 for FY25. The pre-issue P/E ratio is 19.49x,while the post-issue P/E ratio is 27.14x against the Industry P/E ratio is 33.02x The company's ROE for FY25 is 35.83% and RoNW is 30.40%The Annualised EPS is ₹ 9.10x and P/E is ₹ 19.23x , These metrics suggest that the IPO is Fully priced.
The Grey Market Premium (GMP) of Leapfrog Engineering Services showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Leapfrog Engineering Services Limited, IPO for Listing gain or Long Term Purposes.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. We also use Artificial Intelligence (AI) tools to enhance the efficiency and quality of our research services, including data retrieval, analysis, and report summarization. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit Legal our website abhayvarn.com
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.
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