Leapfrog Engineering Services Limited
Leapfrog Engineering Services Limited is an SME IPO offering integrated EPCC services across electrical, instrumentation, fire safety, and automation domains, serving industries such as oil & gas, pharma, food processing, and metals. The company is raising ₹88.51 crores through a combination of fresh issue and offer for sale on BSE SME.
Overview
About the Company
Incorporated in 2005 and headquartered in Bangalore, Leapfrog Engineering Services Limited provides integrated EPCC (Engineering, Procurement, Construction, and Commissioning) solutions across a broad spectrum of industries including oil & gas, food processing, pharmaceuticals, and metals. The company delivers end-to-end services spanning electrical systems, instrumentation and industrial automation, fire protection and safety systems, and building automation. Its electrical division covers engineering consultancy, MV/LV switchgear manufacturing, and turnkey EPC contracts, while its automation division handles DCS/PLC upgrades, robotics-based process automation, and infrastructure systems installation. The fire safety division offers design, installation, and maintenance of detection and suppression systems. As of April 30, 2026, the company employed 112 permanent staff and 60 contractual workers. It operates across multiple states in India and also caters to international clients, with an order book of approximately ₹384.03 crore as of March 31, 2026.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Financing capital expenditure for the establishment of a new assembling unit (u20b927.00 crore)
- › Meeting working capital requirements of the business (u20b936.05 crore)
- › General corporate purposes (balance of net proceeds)
✅ Strengths
- ✓ Deep expertise in executing EPCC projects spanning multiple engineering disciplines including electrical, automation, and fire safety
- ✓ Serves a diversified clientele across oil & gas, pharmaceuticals, food processing, and metals sectors, reducing sectoral concentration risk
- ✓ Comprehensive service portfolio covering design through commissioning positions the company as a single-window solutions provider
- ✓ Geographic presence spanning multiple Indian states as well as international markets supports broad revenue reach
- ✓ Experienced promoter team with a long-standing track record since 2005 and a robust order book of approximately u20b9384 crore as of March 2026
⚠️ Risks
- ! Revenue concentration risk due to dependence on a small group of customers for a substantial share of business
- ! Regulatory changes in sectors such as oil & gas, pharma, or food processing could adversely affect project pipelines and operations
- ! The engineering and infrastructure space is intensely competitive, with numerous players vying for similar contracts, potentially compressing margins
- ! Difficulty in attracting or retaining skilled technical and managerial talent could disrupt project execution and business continuity
- ! Macroeconomic volatility, both domestically and globally, may reduce capital expenditure by clients and thereby impact order inflows