Leapfrog Engineering IPO Set to Surge Amid Strong Gulf Market Orders and Robust FY25 Performance
Leapfrog Engineering Services Ltd., a Bengaluru-headquartered EPCC company, has fixed the price band for its Initial Public Offering (IPO). The listing is scheduled for Wednesday, with an offering size built upon strong order book visibility in international markets.The IPO aims to raise Rs 88.51 crore and introduces investors to the firm's established presence across crucial industrial sectors. The company has cultivated significant growth through both domestic and export-oriented projects.
Details of the Leapfrog Engineering IPO Offering
The offering is structured as a mixed issue, comprising both fresh equity shares and an Offer for Sale (OFS). The subscription process will take place on the BSE SME platform.The IPO features approximately 3.46 crore equity shares in a fresh issue, aggregating Rs 79.60 crore. An additional 38.75 lakh shares are part of the OFS, contributing Rs 8.91 crore to the total raising amount. The subscription period is set from June 17, 2026, to June 19, 2026.
Exponential Growth Driven by Global Order Book
Leapfrog boasts a substantial order book exceeding Rs 384 crore. A majority of this pipeline is international, with export projects accounting for over Rs 327 crore.This impressive level of exposure reflects the company's successful expansion into key Gulf markets including Kuwait and Bahrain. The firm operates within the specialized field of engineering, procurement, construction, and commissioning (EPCC).
Diversified Portfolio Across Key Industries
The company has significantly expanded its service offerings over the years. Its capabilities now span electrical systems, automation solutions, fire protection infrastructure, modular substations, and industrial projects.Leapfrog serves a wide array of critical sectors in the industrial landscape. These include oil & gas, pharmaceuticals, food processing, metals industries, and various utility projects.
Financial Health and FY25 Performance Snapshot
The company's recent financial performance demonstrates solid stability and profitability. For Fiscal Year 2025 (FY25), Leapfrog reported revenue of Rs 134.66 crore. It achieved an EBITDA of Rs 21.57 crore.Furthermore, the profit after tax for FY25 was recorded at Rs 16.22 crore. The robust and diversified order book ensures continued visibility for future revenue generation across all its core service areas.
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