New IPO alert: Leapfrog Engineering Services issue to open on Wednesday; check price, other details

Leapfrog Engineering Services Ltd has fixed the price at ₹21-23 per share for its initial public offering, which will open for subscription on Wednesday, according to a statement.

The ₹88.51 crore IPO comprises a fresh issue of approximately 3.46 crore equity shares worth ₹79.60 crore and an Offer for Sale (OFS) of around 38.75 lakh shares aggregating ₹8.91 crore, a company statement said.

The IPO will open for subscription on June 17, 2026, on the BSE SME platform and close on June 19, 2026.

The objects of the issue include funding capital expenditure for establishing an assembly unit, working capital needs, and general corporate purposes.

The Bengaluru-headquartered engineering, procurement, construction, and commissioning (EPCC) company has built an order book of more than ₹384 crore, with export projects accounting for over ₹327 crore of the pipeline, reflecting the company's growing presence across Kuwait, Bahrain, and other Gulf markets, the statement said.

Over the years, the company expanded into electrical systems, automation, fire protection, modular substations, and industrial infrastructure projects serving sectors such as oil & gas, pharmaceuticals, food processing, metals, and utilities.

A significant portion of this growth has come from the Middle East.

The company reported FY25 revenue of ₹134.66 crore, EBITDA of ₹21.57 crore, and profit after tax of ₹16.22 crore. Its order book remains diversified across oil & gas, infrastructure, utilities, metals, and industrial projects, providing visibility for future revenue generation.

About the company

Incorporated in May 2005, Leapfrog Engineering Services works in the EPCC (Engineering, Procurement, Construction, and Commissioning) space with a specialized focus on electrical, instrumentation, fire safety, modular substation, and automation systems, serving industries such as oil and gas, food processing, pharma, metals, chemicals, fertilizers, and infrastructure. Leapfrog manages a wide range of services designed to meet the various needs of its clients.

The company offers various services, including electrical solutions, instrumentation & industrial automation, fire protection & safety systems, building automation systems, modular substation solutions, and enterprise solutions.