{"id":123187,"date":"2026-06-19T01:10:00","date_gmt":"2026-06-18T19:40:00","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=123187"},"modified":"2026-06-18T17:52:07","modified_gmt":"2026-06-18T12:22:07","slug":"leapfrog-engineering-ipo-gmp-day-3-grey-market-premium","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/","title":{"rendered":"Leapfrog Engineering Services IPO GMP: Grey Market Premium and Subscription on Day 3"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Leapfrog Engineering Services IPO GMP on Day 3: the unofficial grey market premium was muted and close to nil over the \u20b923 band. Issue size \u20b988.51 crore on BSE SME, order book about \u20b9400.27 crore.<\/em><\/p>\n<p>The Leapfrog Engineering Services IPO GMP is in focus as the issue moves through the third and final day of bidding. Leapfrog Engineering Services is a BSE SME EPCC company, and grey market interest in the issue has been muted. The grey market premium discussed below is an unofficial figure that varies by source and changes daily, so treat it as sentiment only.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\"><strong>Click Here &#8211; Track Live IPO GMP and Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Leapfrog_Engineering_Services_IPO_Details\" title=\"Leapfrog Engineering Services IPO Details\">Leapfrog Engineering Services IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Leapfrog_Engineering_Services_IPO_GMP_Today\" title=\"Leapfrog Engineering Services IPO GMP Today\">Leapfrog Engineering Services IPO GMP Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Understanding_the_Grey_Market_Premium\" title=\"Understanding the Grey Market Premium\">Understanding the Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#About_Leapfrog_Engineering_Services\" title=\"About Leapfrog Engineering Services\">About Leapfrog Engineering Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Leapfrog_Engineering_Services_Financials\" title=\"Leapfrog Engineering Services Financials\">Leapfrog Engineering Services Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Leapfrog_Engineering_Services_IPO_Strengths_and_Risks\" title=\"Leapfrog Engineering Services IPO Strengths and Risks\">Leapfrog Engineering Services IPO Strengths and Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#What_is_the_Leapfrog_Engineering_Services_IPO_GMP_on_Day_3\" title=\"What is the Leapfrog Engineering Services IPO GMP on Day 3?\">What is the Leapfrog Engineering Services IPO GMP on Day 3?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#What_is_the_Leapfrog_Engineering_Services_IPO_price_band_and_lot_size\" title=\"What is the Leapfrog Engineering Services IPO price band and lot size?\">What is the Leapfrog Engineering Services IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#What_is_the_issue_size_of_the_Leapfrog_Engineering_Services_IPO\" title=\"What is the issue size of the Leapfrog Engineering Services IPO?\">What is the issue size of the Leapfrog Engineering Services IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Does_the_Leapfrog_Engineering_Services_IPO_GMP_guarantee_listing_gains\" title=\"Does the Leapfrog Engineering Services IPO GMP guarantee listing gains?\">Does the Leapfrog Engineering Services IPO GMP guarantee listing gains?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#When_will_the_Leapfrog_Engineering_Services_IPO_list_and_on_which_platform\" title=\"When will the Leapfrog Engineering Services IPO list and on which platform?\">When will the Leapfrog Engineering Services IPO list and on which platform?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Who_is_the_registrar_for_the_Leapfrog_Engineering_Services_IPO\" title=\"Who is the registrar for the Leapfrog Engineering Services IPO?\">Who is the registrar for the Leapfrog Engineering Services IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#What_are_the_risks_of_the_Leapfrog_Engineering_Services_IPO\" title=\"What are the risks of the Leapfrog Engineering Services IPO?\">What are the risks of the Leapfrog Engineering Services IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/leapfrog-engineering-ipo-gmp-day-3-grey-market-premium\/#Is_this_Leapfrog_Engineering_Services_IPO_GMP_article_investment_advice\" title=\"Is this Leapfrog Engineering Services IPO GMP article investment advice?\">Is this Leapfrog Engineering Services IPO GMP article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Leapfrog_Engineering_Services_IPO_Details\"><\/span><strong>Leapfrog Engineering Services IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Before looking at the Leapfrog Engineering Services IPO GMP, here are the core terms of the issue. It is a book-built issue on the BSE SME platform with a face value of one rupee.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Particulars<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Price Band<\/td>\n<td>\u20b921 to \u20b923<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>6,000 shares<\/td>\n<\/tr>\n<tr>\n<td>Minimum Investment (Retail)<\/td>\n<td>\u20b92,76,000 for 2 lots (12,000 shares) at the upper band<\/td>\n<\/tr>\n<tr>\n<td>Issue Size<\/td>\n<td>\u20b988.51 crore (a fresh issue plus an offer for sale)<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Book-built issue<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>\u20b91<\/td>\n<\/tr>\n<tr>\n<td>Listing Platform<\/td>\n<td>the BSE SME platform<\/td>\n<\/tr>\n<tr>\n<td>Registrar<\/td>\n<td>Integrated Registry Management Services<\/td>\n<\/tr>\n<tr>\n<td>Lead Manager<\/td>\n<td>Finshore Management Services<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction stock opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has now shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum, sector trends &amp; growth potential.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/payment?planType=ALL_PRO%20PLANS\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Leapfrog_Engineering_Services_IPO_GMP_Today\"><\/span><strong>Leapfrog Engineering Services IPO GMP Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the latest available grey market updates, the Leapfrog Engineering Services IPO GMP was effectively nil, with little or no premium quoted over the \u20b923 issue price. A flat grey market reading does not by itself mean the issue is weak. It often reflects a cautious, wait-and-see mood, and for an SME issue the grey market can stay quiet until the final day or just before listing. Investors are better served by the company&#8217;s fundamentals than by a nil premium.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_the_Grey_Market_Premium\"><\/span><strong>Understanding the Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The grey market premium is the price at which an IPO&#8217;s shares are unofficially traded before they list on the exchange. It is an unregulated indicator that is not recognised by SEBI or the stock exchanges, it is derived from market rumour and sentiment, and different trackers often quote different numbers for the same issue. For an SME IPO the grey market is thin, so even a few orders can swing the figure, and the premium can change from one day to the next. A grey market reading is therefore a sentiment signal at best and should never be the only reason to apply.<\/p>\n<p>For the Leapfrog Engineering Services IPO GMP, the more reliable signal is the subscription data during the bidding window. A strong premium that is backed by healthy subscription, especially from qualified institutional and non-institutional investors on the final day, is a more dependable indicator than a premium seen in isolation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Leapfrog_Engineering_Services\"><\/span><strong>About Leapfrog Engineering Services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Leapfrog Engineering Services is an integrated engineering, procurement, construction and commissioning, or EPCC, company. It provides electrical systems, instrumentation, industrial automation, fire protection and safety, building automation and modular substations across the full project lifecycle, serving oil and gas, pharmaceuticals, food processing and metals customers. The company has an order book of about \u20b9400.27 crore and a track record of executed export orders, including projects in Kuwait.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Leapfrog_Engineering_Services_Financials\"><\/span><strong>Leapfrog Engineering Services Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Leapfrog Engineering&#8217;s recent numbers send a mixed signal.<\/p>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>FY25<\/th>\n<th>FY24<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue<\/td>\n<td>\u20b9137.37 crore<\/td>\n<td>\u20b9162.88 crore<\/td>\n<\/tr>\n<tr>\n<td>Profit After Tax<\/td>\n<td>\u20b916.22 crore<\/td>\n<td>\u20b916.39 crore<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>\u20b921.57 crore<\/td>\n<td>\u20b919.73 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Total income fell about 16 percent in FY25 while profit after tax held nearly flat and EBITDA rose, which points to better operating margins on a smaller revenue base. The order book of about \u20b9400.27 crore gives some forward visibility.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Leapfrog_Engineering_Services_IPO_Strengths_and_Risks\"><\/span><strong>Leapfrog Engineering Services IPO Strengths and Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every IPO carries a mix of positives and risks. The main points investors weigh are below.<\/p>\n<p><strong>Strengths<\/strong><\/p>\n<ul>\n<li>A specialised EPCC capability across electrical, instrumentation, automation and fire safety.<\/li>\n<li>An order book of about \u20b9400.27 crore and an export track record.<\/li>\n<li>Improved operating margins in the latest year despite lower revenue.<\/li>\n<\/ul>\n<p><strong>Risks<\/strong><\/p>\n<ul>\n<li>A revenue decline in the latest reported year.<\/li>\n<li>Stretched receivables, rising working-capital needs and customer concentration.<\/li>\n<li>SME listing risks, a high minimum application size and muted grey market interest.<\/li>\n<\/ul>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener to Research Listed Peers and Build Your Watchlist<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Leapfrog Engineering Services IPO GMP captures only the unofficial mood around the issue, and as shown above it is a moving, unverified number. Leapfrog Engineering is a specialised EPCC player with a sizeable order book, though its revenue fell in the latest year and working-capital needs and customer concentration are watch points. For any SME IPO, the high minimum application size, limited post-listing liquidity and price volatility mean the decision should rest on the business, valuation and use of proceeds rather than on grey market chatter. This article is educational, and investors should consult a SEBI-registered Investment Adviser before applying.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track live IPO grey market premium, subscription status and allotment updates.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> The information in this article is sourced from publicly available information, including exchange filings, the offer document and grey market trackers, and may or may not be accurate. Grey Market Premium (GMP) is an unofficial and unregulated indicator that is not endorsed by SEBI or the stock exchanges, varies across sources, and changes frequently. It is not a guarantee of the listing price or of any returns. SME IPOs carry a high degree of risk, limited liquidity and can be volatile after listing, and the high minimum application size makes them unsuitable for many investors. Please verify all figures with the official BSE (bseindia.com), NSE (nseindia.com) and the registrar before applying. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776). Investors should consult a SEBI-registered Investment Adviser before investing.<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Leapfrog_Engineering_Services_IPO_GMP_on_Day_3\"><\/span><strong>What is the Leapfrog Engineering Services IPO GMP on Day 3?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> In the latest available updates, the Leapfrog Engineering Services IPO GMP was muted and close to nil, which reflects a cautious early mood rather than a clear verdict. It is unofficial and changes daily.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Leapfrog_Engineering_Services_IPO_price_band_and_lot_size\"><\/span><strong>What is the Leapfrog Engineering Services IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Leapfrog Engineering Services IPO price band is \u20b921 to \u20b923 with a lot size of 6,000 shares. The minimum retail application works out to \u20b92,76,000 for 2 lots (12,000 shares) at the upper band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_size_of_the_Leapfrog_Engineering_Services_IPO\"><\/span><strong>What is the issue size of the Leapfrog Engineering Services IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Leapfrog Engineering Services IPO is \u20b988.51 crore (a fresh issue plus an offer for sale), structured as a book-built issue, and the shares are proposed to list on the BSE SME platform.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Does_the_Leapfrog_Engineering_Services_IPO_GMP_guarantee_listing_gains\"><\/span><strong>Does the Leapfrog Engineering Services IPO GMP guarantee listing gains?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The Leapfrog Engineering Services IPO GMP is an unofficial, unregulated indicator that is not endorsed by SEBI, varies across trackers and changes daily. It does not guarantee the listing price or any gains.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Leapfrog_Engineering_Services_IPO_list_and_on_which_platform\"><\/span><strong>When will the Leapfrog Engineering Services IPO list and on which platform?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Leapfrog Engineering Services IPO is proposed to list on the BSE SME platform on its listing day, after the basis of allotment is finalised once the bidding window closes. The exact schedule should be checked on the exchange and registrar websites.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_for_the_Leapfrog_Engineering_Services_IPO\"><\/span><strong>Who is the registrar for the Leapfrog Engineering Services IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The registrar for the Leapfrog Engineering Services IPO is Integrated Registry Management Services. Allotment status can be checked on the registrar&#8217;s website and on the BSE IPO page using a PAN or application number.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_the_Leapfrog_Engineering_Services_IPO\"><\/span><strong>What are the risks of the Leapfrog Engineering Services IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Leapfrog Engineering IPO saw a revenue decline in the latest year, has stretched receivables and rising working-capital needs with customer concentration, and carries SME risks of low liquidity, volatility and a high minimum application size.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_Leapfrog_Engineering_Services_IPO_GMP_article_investment_advice\"><\/span><strong>Is this Leapfrog Engineering Services IPO GMP article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This Leapfrog Engineering Services IPO GMP article is educational content from Univest, a SEBI-registered Investment Adviser, and is not a recommendation to apply. Investors should consult a SEBI-registered Investment Adviser before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Leapfrog Engineering Services IPO GMP on Day 3?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In the latest available updates, the Leapfrog Engineering Services IPO GMP was muted and close to nil, which reflects a cautious early mood rather than a clear verdict. It is unofficial and changes daily.\"}},{\"@type\":\"Question\",\"name\":\"What is the Leapfrog Engineering Services IPO price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The Leapfrog Engineering Services IPO price band is \u20b921 to \u20b923 with a lot size of 6,000 shares. 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