BSE SME IPO — Closing Today

Engineering India's Future.
Executing Across The Globe.

An Integrated Engineering, Procurement, Construction & Commissioning (EPCC) Company specializing in Electrical Systems, Industrial Automation, Instrumentation, Fire Protection, Building Automation and Modular Substations.

🏗️ ₹384.03 Cr Order Book 🌎 ₹327.14 Cr Export 👨‍💼 170+ Team 20+ Years 🏆 UL 508A Certified
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About Leapfrog

From Bengaluru To The World — The ₹384 Crore Order Book Story

Leapfrog Engineering Services Limited is an integrated EPCC company with specialized expertise in Electrical Systems, Instrumentation, Fire Safety, Industrial Automation, Building Automation and Modular Substations. For over two decades, the company has successfully delivered mission-critical projects across Oil & Gas, Metals, Mining, Pharmaceuticals, Chemicals, Infrastructure, Power and Renewable Energy sectors.

🌍

Strong Export Franchise

Export order book of ₹327.14 Crore demonstrates strong international acceptance and execution capability across Kuwait, Bahrain, UAE, Singapore & Nigeria.

📋

Large Order Book

Outstanding order book of ₹384.03 Crore provides significant revenue visibility and growth momentum for the coming years.

Proven Track Record

Over 20 years of engineering expertise with successful execution of complex EPC projects across multiple geographies.

🏗️

Global Presence

Projects executed across India, Kuwait, Bahrain, UAE, Singapore and Nigeria with 14+ projects in Kuwait alone.

🔬

Diversified Industry Exposure

Serving Oil & Gas, Infrastructure, Metals, Chemicals, Pharma, Renewable Energy and more — reducing concentration risk.

🏆

Strong Certifications

UL 508A Certification for US & Canadian markets along with Class-I Electrical Contractor License.

Order Book Analysis

Strong Revenue Visibility

The order book provides substantial visibility for future growth and profitability with a dominant export contribution.

₹384.03 Cr
Total Order Book
₹327.14 Cr
Export Order Book
₹56.89 Cr
Domestic Order Book
85%
Export Contribution
65.77%
Export Revenue (9M FY26)
₹66.44 Cr
Export Revenue (9M FY26)
₹34.58 Cr
Domestic Revenue (9M FY26)
34.23%
Domestic Contribution
Major Project Execution

Selected Landmark Projects

Leapfrog has successfully delivered more than 14 projects in Kuwait and continues expanding its Middle East presence.

🛢️

Kuwait Oil & Gas Project (JPF4 & JPF5)

Project Value: ₹221.31 Crore

Scope: Modular Substations, Automation Systems, Fire Detection & Suppression Systems.

🔌

Bahrain Utility Automation Project

Project Value: ₹102.36 Crore

Scope: Automation, MV/LV Systems, VFDs and Electrical Infrastructure.

Kuwait Depletion Compression System

Project Value: ₹83.49 Crore

Scope: Engineering, Procurement and Commissioning of Modular Substations.

🏭

HURL Barauni Project

Electrical and Instrumentation Works for Offsite and Utility Facilities.

💉

Vaccine Manufacturing Facility

Large-scale electrical infrastructure execution for pharmaceutical manufacturing.

Our Journey

Two Decades of Engineering Excellence

2005
Business started as Leapfrog Informatics Private Limited.
2007
Secured USD 1.52 Million Gas Sweetening Facility Project in Kuwait.
2009
Rebranded as Leapfrog Engineering Services.
2013–2018
Received orders from global clients across USA, Germany and India.
2022
Won Best Merchant Exporter Award.
2024
Received UL 508A Certification. Secured USD 9.6 Million EPC Order from Kuwait.
2025
Won Best Services Exporter Award for third consecutive year.
Industries We Serve

Diversified Sector Presence

The diversified sector presence helps reduce concentration risk while providing access to multiple growth opportunities.

🛢️ Oil & Gas⛏️ Metals & Minerals🪨 Mining 💊 Pharmaceuticals🍽️ Food Processing🧪 Chemicals & Fertilizers 🏗️ Infrastructure📡 Power & Telecommunication☀️ Solar & Renewable Energy
65.77%
Oil & Gas Revenue
17.57%
Infrastructure
11.69%
Metals & Minerals
5.23%
Other Sectors

Revenue Contribution by Industry (9M FY26)

Financial Performance

Strong Growth Trajectory

Consistent revenue growth with improving profitability metrics.

MetricFY23FY24FY259M FY26
Revenue (₹ Cr)104.18157.85134.66101.01
EBITDA (₹ Cr)1.0119.7321.5720.18
PAT (₹ Cr)0.2816.3916.2214.18
EBITDA Margin0.97%12.50%16.02%19.98%
PAT Margin0.27%10.38%12.04%14.04%

Key Ratios

19.98%
EBITDA Margin (9M FY26)
14.04%
PAT Margin (9M FY26)
23.98%
ROCE
21.03%
RONW
1.72x
Current Ratio
0.48x
Debt Equity Ratio
Management Team

Experienced Leadership Driving Growth

Supported by an experienced board with deep expertise across engineering, finance and project execution.

PN

Prabhav Narasimha Rao

Managing Director
30 Years Experience
PP

Priyashaila Prabhav Rao

Whole Time Director
26 Years Experience
SR

Sapna Raghavendra

Whole Time Director & CFO
23 Years Experience
Growth Strategy

Building The Next Phase Of Growth

🌍

Expand Global Market Access

Strengthen presence in existing international markets and explore new geographies.

🏜️

Strengthen Middle East Presence

Deepen relationships in Kuwait, Bahrain, UAE and expand across the GCC region.

🤖

Invest In Technology & Automation

Enhance technological capabilities to deliver smarter, more efficient solutions.

⚙️

Enhance Project Execution

Strengthen execution capabilities to handle larger and more complex projects.

🤝

Build Strategic Client Relationships

Foster long-term partnerships with key clients across target industries.

🏭

New Bengaluru Assembly Facility

Estimated Investment: ₹27.10 Crore for new assembly and manufacturing capabilities.

Objects of the Issue

Utilisation of IPO Proceeds

₹27.00 Cr
Capital Expenditure
₹36.05 Cr
Working Capital
₹16.55 Cr
General Corporate Purposes & Issue Expenses
Application Details

Lot Sizes & Investment Amounts

CategorySharesInvestment Amount
Retail Category12,000 Shares₹2.76 Lakhs
S-HNI Category18,000 Shares₹4.14 Lakhs
B-HNI Category48,000 Shares₹11.04 Lakhs