🏗️ Leapfrog Engineering IPO GMP Today — ₹5 (+21.74%) | 17 June 2026 | Day 1 Live

The Leapfrog Engineering Services IPO opened for subscription today on 17 June 2026 on BSE SME. The Leapfrog Engineering IPO GMP today is ₹5 (+21.74%) — signalling strong grey market confidence with an expected listing price of approximately ₹28 against the upper band of ₹23. This Hyderabad-based EPCC (Engineering, Procurement, Project Management and Construction) company is raising ₹88.51 crore — one of the larger SME issues of June 2026. The issue closes 19 June 2026, allotment 22 June 2026, listing 24 June 2026 on BSE SME.

📈 Leapfrog Engineering GMP Today — Live Update

• GMP Today (17 June 2026): ₹5 (+21.74%)

• Expected Listing Price: ₹28 (Upper band ₹23 + GMP ₹5)

• GMP High: ₹5 (as of 17 June 2026)

• Grey Market Sentiment: Positive — healthy 21.74% expected premium

The Leapfrog Engineering IPO GMP of ₹5 on Day 1 itself is a notable positive signal — it indicates grey market investors are already pricing in a 21.74% listing gain even before subscription numbers are fully in. In the context of a 3-day BSE SME issue, a Day 1 GMP of ₹5 typically suggests strong demand building ahead of Day 3. Track live Leapfrog Engineering GMP updates on IPOView — India's fastest IPO GMP tracker updated every 30 seconds.

📊 Day 1 Subscription Status — Category Wise

• Overall Subscription: Day 1 data for Leapfrog Engineering IPO subscription status is at early stage as bidding opened this morning. This is a 3-day book-built BSE SME issue — significant bids from HNIs and QIBs typically come in on Day 2 and Day 3. However, the strong GMP of ₹5 suggests demand will build meaningfully.

• Retail (RII) Category: Retail bids for Leapfrog Engineering IPO (35% quota) are being recorded. Issue currently undersubscribed on Day 1 — allotment probability is high for early applicants. With GMP at ₹5, expect retail rush on Day 3.

• NII / HNI Category: NII quota is 15% for Leapfrog Engineering Services IPO. Participation at early stage on Day 1 — HNI bids expected to accelerate significantly on Day 2 and Day 3 given the positive GMP and EPCC sector growth story.

• QIB Category: QIB quota is 50% for Leapfrog Engineering IPO. Institutional investors typically wait until the final day to place bids. Day 3 QIB data will be the critical indicator for final subscription outcome and allotment chances.

• IPOView GMP Assessment: With GMP holding at ₹5 (+21.74%) on Day 1, Leapfrog Engineering is one of the better-looking IPOs open today. The EPCC sector's strong linkage to industrial capex, oil & gas, pharma and food processing provides a compelling growth story. Watch Day 3 subscription data closely. Track live on IPOView GMP Tracker.

🏭 Company Overview — Leapfrog Engineering Services Ltd

Leapfrog Engineering Services Limited was incorporated in 2005 and is headquartered in Hyderabad, Telangana. The company is an integrated engineering services provider offering end-to-end EPCC — Engineering, Procurement, Project Management and Construction — solutions. Its key service verticals include oil and gas, pharmaceuticals, food processing, metals, and industrial automation. The company undertakes complete EPC design and build projects supported by deep project management expertise, procurement capabilities and experienced execution teams. It has built a 20+ year track record in executing complex industrial engineering projects across India. Promoters are Mr. Prabhav Narasimha Rao and Mrs. Priyashaila Prabhav Rao. The IPO proceeds include ₹27 crore for setting up a new assembling unit and ₹36.05 crore for working capital — a growth-oriented deployment of funds. Revenue stood at ₹137.37 crore in FY25 and PAT at ₹16.22 crore — a healthy 11.8% PAT margin for an engineering services business.

📋 IPO Key Details

• Exchange: BSE SME | Issue Type: Book-Built (Fresh ₹79.60 Cr + OFS ₹8.91 Cr)

• Issue Size: ₹88.51 Crore | Fresh: 3.46 Cr shares + OFS: 38.76 lakh shares

• Price Band: ₹21 – ₹23 per share | Face Value: ₹1

• Lot Size: 6,000 shares | Min. Investment (Retail): ₹2,76,000 (2 lots = 12,000 shares)

• HNI Min. Investment: ₹4,14,000 (3 lots = 18,000 shares)

• Open: 17 Jun | Close: 19 Jun | Allotment: 22 Jun | Listing: 24 Jun 2026

• Registrar: Integrated Registry Management Services Pvt. Ltd.

• Lead Manager: Finshore Management Services Ltd.

• QIB:NII:Retail: 50%:15%:35%

💰 Financials — Key Numbers

• Revenue FY25: ₹137.37 Crore | Revenue FY24: ₹162.88 Crore

• PAT FY25: ₹16.22 Crore | PAT FY24: ₹16.39 Crore

• PAT Margin FY25: ~11.8% — healthy for EPCC engineering services

• P/E Ratio: 14.64x (based on FY25 EPS of ₹1.57) — attractively priced vs peers

• Proceeds Use: ₹27 Cr new assembling unit + ₹36.05 Cr working capital + general corporate

✅ Should You Apply?

The Leapfrog Engineering Services IPO is arguably the most attractive IPO open today — GMP of ₹5 (+21.74%), attractive P/E of 14.64x, and a strong 20+ year EPCC track record across high-growth sectors like oil & gas and pharma. Revenue dipped slightly in FY25 vs FY24 — a factor to watch. However, the new assembling unit capex signals capacity-driven growth ahead. Investors with medium-term horizon should seriously evaluate applying. Track live Leapfrog Engineering GMP and subscription on IPOView.

Disclaimer: Not investment advice. GMP is unofficial and unregulated. Read RHP carefully before investing.