Leapfrog Engineering Services IPO
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Leapfrog Engineering Services IPO details
About Leapfrog Engineering Services
Leapfrog Engineering Services Limited is an engineering solutions company engaged in the execution of integrated engineering, procurement, construction, and commissioning (EPCC) contracts. The company specialises in areas such as electrical systems, instrumentation, fire safety, modular substations, and automation systems. It provides end-to-end services across various industries, including oil and gas, food processing, pharmaceuticals, and metals, catering to a diversified client base. The company operates across multiple states in India and also serves international clients. Its business model focuses on delivering customised engineering solutions based on client requirements, with revenue primarily generated from EPCC project execution. Established in 2005, the company has developed capabilities across a wide range of engineering services, positioning itself as a comprehensive service provider in its segment.
Financials of Leapfrog Engineering Services
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 88.51 |
| Fresh Issue – Proceeds go to the company | 79.60 |
| Offer for sale – Proceeds go to the existing investors | 8.91 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding Capital Expenditure (Assembling Unit) |
27 (33.92%) |
| Working Capital Requirements | 36.05 (45.29%) |
| General corporate purposes | 16.55 (20.79%) |
Strengths
- Strong expertise in executing EPCC projects across multiple engineering domains.
- Diversified client base across industries like oil & gas, pharma, food and metals.
- A wide range of engineering solutions makes it a comprehensive service provider.
- Operations spread across multiple states in India and international markets.
- Experienced management team actively involved in strategy and business growth
Risks
- Dependence on a limited number of customers for a significant portion of revenue.
- Business may be affected by changes in laws and regulations in operating sectors.
- Intense competition in the engineering and infrastructure industry may impact growth.
- Inability to hire or retain key employees may affect operations.
- Economic conditions in India and globally can impact business performance.