Leapfrog Engineering Services IPO

This issue combines a fresh issue and an offer for sale. The amounts for each part are not available in our data; see the offer document for the split.

Lot size and investment

Reservation

QIB

3,78,000 shares (1.03% of the Offer)

NII

1,42,20,000 shares (38.90% of the Offer)

Retail

2,19,60,000 shares (60.07% of the Offer)

Current GMP

₹0

0.00%

Estimated listing price

₹23

Issue price ₹23

Highest

₹0.5

17 Jun

Lowest

₹0

16 Apr

GMP by day (₹ per share)

GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.

P/E Ratio

17.24

EPS (₹)

1.33

RoCE

32.45%

RoNW

30.47%

PAT Margin

12.05%

Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.

Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.

Leapfrog Engineering Services Limited was incorporated in 2005 and is headquartered in Bengaluru, Karnataka. The company initially operated as a small engineering services provider and has evolved into an integrated engineering, procurement, construction and commissioning (EPCC) player serving industrial clients. It undertakes turnkey engineering projects and supports customers from design and planning to installation and commissioning across multiple infrastructure and industrial segments. The company offers services including electrical systems, instrumentation, industrial automation, fire protection, building automation and modular substation solutions. Its business model focuses on executing end-to-end projects for sectors such as oil & gas, petrochemicals, metals, pharmaceuticals and food processing. The company is promoted by Prabhav Narasimha Rao and Priyashaila Prabhav Rao, and generates revenue primarily through EPCC contracts, engineering design services and project execution for domestic as well as overseas clients, particularly in the Middle East.

Objects of the issue

1. Funding Capital Expenditure towards setting up Assembling Unit₹27 Cr
2. Working Capital Requirements₹36.05 Cr
3. Issue Related Expenses
4. General Corporate Expenses
5. Total₹63.05 Cr

Promoters and shareholding

Mr. Prabhav Narasimha Rao, and Mrs. Priyashaila Prabhav Rao are the promoters of the company.

Promoter holding, pre-issue

92.59%

Promoter holding, post-issue

67.27%