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Leapfrog Engineering Services IPO Last Day to Buy Check IPO Gmp Subscription Status and Other Details for Sme IPO
Executive Summary
AI-generatedThe Initial Public Offering (IPO) of Leapfrog Engineering Services concludes on June 19th, with an issue price band set between ₹21-₹23 per share. The company plans to raise ₹88.51 crore through a mix of fresh shares and an Offer for Sale (OFS). Key details include the expected listing date on BSE SME on June 24th and the allocation structure, which reserved the largest portion for retail investors.
The news reports the closing day and subscription status of Leapfrog Engineering Services' IPO, indicating a capital raise for capacity expansion and working capital needs. This is a specific company financing event rather than a market-wide mechanism, primarily affecting investor sentiment and the immediate financial health (capitalization) of the firm within the Indian industrial sector.
Key Insights
- The IPO is structured as a combination of fresh issue (₹79.60 crore) and an Offer for Sale (OFS) amounting to ₹8.91 crore.
- Leapfrog Engineering Services, founded in 2005, operates as an EPCC company providing end-to-end project solutions across various industries.
- The IPO proceeds will be utilized primarily for capacity expansion (₹27 crore for a new facility) and working capital augmentation (₹36.05 crore).
- As of Day 3, the IPO was subscribed 1.97 times overall, with QIBs showing the highest level of interest at 20.32 times.
- The company reported FY25 revenue of ₹137.37 crore and a Profit After Tax (PAT) of ₹16.22 crore.
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