Leapfrog Engineering Services IPO GMP on Day 2 of Subscription, 18 June 2026: Grey Market Premium at nil (₹0), Expected Listing at ₹23

The leapfrog engineering services ipo gmp on Day 2 of subscription, 18 June 2026, stands at nil (₹0). The Leapfrog Engineering Services IPO opened for subscription on June 17, 2026 and closes on June 19, 2026, a book built issue raising ₹88.51 Cr at a price band of ₹21 to ₹23 per share on the BSE SME platform. The grey market has not yet assigned a premium, suggesting a cautious stance among unofficial market participants.

Kunal Singla, Associate Director at Univest explains what the Leapfrog Engineering Services IPO GMP signals, what the company does and the key factors investors should weigh before the close of subscription on June 19, 2026.

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Leapfrog Engineering Services IPO GMP: Complete Snapshot

Detail	Information
IPO open date	June 17, 2026
IPO close date	June 19, 2026
Allotment date	June 22, 2026
Listing date	June 24, 2026
Issue size	₹88.51 Cr
Price band	₹21 to ₹23
Lot size	6000 shares
Min retail application	12000 shares (₹1,38,000)
Issue type	Book Built
Exchange	BSE SME
Investor quota	35% retail, 50% QIB, 15% NII
Registrar	Integrated Registry Management Services Pvt. Ltd.
Lead manager	Finshore Management Services Ltd.
Leapfrog Engineering Services IPO GMP (Day 2)	nil (₹0)
Expected listing price	₹23 (no grey market premium yet)

The table above captures the full snapshot for the Leapfrog Engineering Services IPO GMP as of Day 2 of subscription. Every figure should be verified from the official BSE, NSE and registrar websites before applying.

Leapfrog Engineering Services IPO GMP Day 2: What the Grey Market is Saying

The Leapfrog Engineering Services IPO GMP is currently nil on Day 2 of subscription. The grey market has not assigned a premium, which reflects a neutral to cautious early reading from unofficial market participants. A flat GMP does not automatically mean the IPO is unattractive; it simply means the grey market is in a wait-and-see mode ahead of the subscription data. The sentiment can shift as more subscription information becomes available.

It is important to treat IPO GMP as an informal sentiment indicator only. The grey market is unregulated, and premiums can change sharply between Day 1 and the listing date based on overall subscription, market conditions and sector sentiment.

About Leapfrog Engineering Services: What Does the Company Do?

Leapfrog Engineering Services Limited, founded in 2005 and headquartered in Bengaluru, is an EPCC company providing integrated engineering, procurement, construction and commissioning solutions for electrical, instrumentation, automation, fire safety and modular substation systems. The company serves heavy industries in oil and gas, pharmaceuticals, food processing, chemicals, metals and fertilisers in India and internationally, with projects executed across Kuwait, Bahrain, UAE, US, Germany, Nigeria and Canada. As of March 2026, the company had an order book exceeding Rs 384 crore. The IPO includes a fresh issue of Rs 79.60 crore and an OFS of Rs 8.91 crore.

How to Apply for the Leapfrog Engineering Services IPO

The Leapfrog Engineering Services IPO can be applied through the ASBA route via your bank’s net banking or through UPI via your stockbroker’s platform. The subscription window is open until June 19, 2026. Retail investors must apply for a minimum of 12000 shares at an investment of ₹1,38,000 at the upper price band of 23 per share.

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Leapfrog Engineering Services IPO GMP: Should You Apply?

The current nil Leapfrog Engineering Services IPO GMP means the grey market is not yet showing listing enthusiasm. This does not eliminate the investment case but suggests that early sentiment is cautious. For any SME IPO investment, the GMP is one of many signals. The more important factors are the company’s revenue growth trend, profitability sustainability, peer valuation, promoter background, use of proceeds and the overall SME IPO market environment. SME IPOs carry higher liquidity risk than mainboard issues, and investors should allocate only what they can afford to hold through potential listing-day volatility.

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Conclusion

The Leapfrog Engineering Services IPO GMP on Day 2 of subscription, 18 June 2026, stands at nil (₹0). The grey market has not yet assigned a meaningful premium, reflecting a cautious early read from unofficial participants. The IPO closes on June 19, 2026 and the tentative listing date on BSE SME is June 24, 2026. Investors should track the live subscription data and verify all figures from the official prospectus before making a decision. The Leapfrog Engineering Services IPO GMP will be updated as new grey market data becomes available.

FAQs on Leapfrog Engineering Services IPO GMP

What is the Leapfrog Engineering Services IPO GMP today on Day 2?

Ans. The Leapfrog Engineering Services IPO GMP on Day 2 of subscription, 18 June 2026, stands at nil (₹0). The grey market has not assigned a premium yet, suggesting investor sentiment is cautious ahead of the listing on June 24, 2026.

What is the price band and lot size for the Leapfrog Engineering Services IPO?

Ans. The Leapfrog Engineering Services IPO price band is ₹21 to ₹23 per share with a face value of ₹1. The lot size is 6000 shares. Retail investors must apply for a minimum of 12000 shares, requiring an investment of ₹1,38,000 at the upper price band.

When will Leapfrog Engineering Services IPO shares be allotted and listed?

Ans. The Leapfrog Engineering Services IPO allotment is expected on June 22, 2026. Shares will be credited to demat accounts before the listing, which is tentatively scheduled for June 24, 2026 on the BSE SME platform. Refunds for unsuccessful applicants will be processed around the same time.

Is Leapfrog Engineering Services IPO GMP reliable for predicting listing gains?

Ans. The IPO GMP or grey market premium is an unofficial, unregulated indicator and should not be treated as a reliable predictor of listing gains. It reflects sentiment in the informal grey market and can change quickly based on subscription numbers, broader market conditions and demand. Always evaluate the company’s fundamentals, valuation and business model before applying.

What is Leapfrog Engineering Services IPO subscription status on Day 2?

Ans. The Leapfrog Engineering Services IPO opened for subscription on June 17, 2026 and closes on June 19, 2026. Day 2 of the subscription period is 18 June 2026. The final subscription data across retail, QIB and HNI categories will determine allotment probability. Investors should check the live subscription data on NSE or BSE before applying.

What does Leapfrog Engineering Services plan to do with the IPO proceeds?

Ans. According to the offer documents, Leapfrog Engineering Services plans to use the IPO proceeds for setting up a new assembly unit (Rs 27 crore), working capital requirements (Rs 36 crore) and general corporate purposes. The issue is a book built issue with a total size of ₹88.51 Cr on the BSE SME platform.

Should I apply for the Leapfrog Engineering Services IPO?

Ans. Whether to apply for the Leapfrog Engineering Services IPO depends on your risk appetite, investment horizon and assessment of the company’s fundamentals, valuation and growth prospects. SME IPOs carry higher liquidity risk than mainboard issues. The Leapfrog Engineering Services IPO GMP gives an early sentiment signal, but it is not a recommendation to buy. Consult a SEBI-registered advisor before investing.