Leapfrog Engineering Ipo
Leapfrog Engineering IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Finshore Management Services Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 17, 2026 |
| IPO Close Date | June 19, 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹21 to ₹23 Per Share |
| Issue Size | Approx ₹89 Crores, 3,84,84,000 Equity Shares |
| Fresh Issue | Approx ₹80 Crores, 3,46,08,000 Equity Shares |
| Offer for Sale: | Approx 38,76,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 12,000 | ₹2,76,000 |
| Retail Maximum | 2 | 12,000 | ₹2,76,000 |
| S-HNI Minimum | 3 | 18,000 | ₹4,14,000 |
| S-HNI Maximum | 7 | 42,000 | ₹9,66,000 |
| B-HNI Minimum | 8 | 48,000 | ₹11,04,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 3,78,000 Shares | 0.98 |
| NII Shares Offered | 1,42,20,000 Shares | 36.95% |
| Retail Shares Offered | 2,19,60,000 Shares | 57.06% |
| IPO Open Date: | June 17, 2026 |
| IPO Close Date: | June 19, 2026 |
| Basis of Allotment: | June 22, 2026 |
| Refunds: | June 23, 2026 |
| Credit to Demat Account: | June 23, 2026 |
| IPO Listing Date: | June 24, 2026 |
| IPO Bidding Cut-off Time: | June 19, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 10,71,84,000 | 92.59% |
| Promoter Holding Post Issue | 14,17,92,000 | 67.27% |
| Purpose | Crores |
| Funding Capital Expenditure towards setting up Assembling Unit | ₹27.00 |
| Working Capital Requirements | ₹36.05 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹105.38 | ₹104.76 | ₹0.28 | ₹66.45 |
| 2024 | ₹162.88 | ₹139.89 | ₹16.39 | ₹51.11 |
| 2025 | ₹137.37 | ₹115.50 | ₹16.22 | ₹149.17 |
| Dec 2025 | ₹105.05 | ₹85.65 | ₹14.18 | ₹156.04 |
| KPI | Values |
| ROE: | 30.47% |
| ROCE: | 32.45% |
| EBITDA Margin: | 16.01% |
| PAT Margin: | 12.05% |
| Debt to equity ratio: | 0.38 |
| Earning Per Share (EPS): | ₹1.57 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.47% |
| Net Asset Value (NAV): | ₹4.97 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Engineers India Limited | 8.28 | 26.21 | 17.76% | 46.62 | 3,028.35 Cr. |
| Konstelec Engineers Limited | 2.83 | 14.82 | 4.34% | 65.34 | 193.71 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |