IPO Withdrawn
Official Notice: This IPO has been withdrawn from the market and is no longer active for subscription.
Leapfrog Engineering Services SME IPO GMP Today and Subject 2 Price
Leapfrog Engineering Services SME IPO Grey Market Premium (GMP) today stands at ₹ 0, indicating cautious or neutral market sentiment ahead of listing. The Kostak rate is currently not available, while the Subject to Sauda price is quoted at currently not available. On 22 April 2026, the IPO GMP recorded a high of ₹0 and a low of ₹0 on 22 April 2026, reflecting a quiet phase in the grey market. You can check the day-wise GMP trend below to track price movement and investor sentiment over time.
Leapfrog Engineering Services SME IPO is scheduled to open for subscription on April 23, 2026. The public issue aims to raise around ₹89 Cr. and is offered in a price band of ₹21 to ₹23 per share, with a market lot of 600 shares. Investors are closely watching subscription data and grey market trends ahead of the listing.
Table of Contents
- Leapfrog Engineering Services SME IPO GMP Today
- Leapfrog Engineering Services SME IPO GMP Trend History
- Leapfrog Engineering Services SME IPO Dates
- Actual Listing Price
- Is Leapfrog Engineering Services SME IPO GMP Reliable?
- Kostak Rate Explained
- About Leapfrog Engineering Services SME IPO
- Frequently Asked Questions
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 22 Apr 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 21 Apr 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 20 Apr 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 18 Apr 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 17 Apr 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 | |
| 16 Apr 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Leapfrog Engineering Services SME IPO Dates
| Event | Date |
|---|---|
| Open Date | 23 Apr, 2026 |
| Close Date | 27 Apr, 2026 |
| Allotment Date | 28 Apr, 2026 |
| Refund Date | 29 Apr, 2026 |
| Credit to Demat | 29 Apr, 2026 |
| Listing Date | 30 Apr, 2026 |
Leapfrog Engineering Services SME IPO Expected Listing Price
| Basis | Value |
|---|---|
| Issue Price (Upper Band) | ₹23 |
| Current GMP | ₹ 0 |
| GMP-Based Listing Estimate | Not yet available |
| Listing Date | 30 Apr, 2026 |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Leapfrog Engineering Services SME IPO GMP Reliable?
Grey market premium for Leapfrog Engineering Services SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Leapfrog Engineering Services SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Leapfrog Engineering Services SME IPO IPO Kostak Rate Explained
The Kostak rate for Leapfrog Engineering Services SME IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Leapfrog Engineering Services SME IPO
The company offers services including electrical systems, instrumentation, industrial automation, fire protection, building automation and modular substation solutions. Its business model focuses on executing end-to-end projects for sectors such as oil & gas, petrochemicals, metals, pharmaceuticals and food processing. The company is promoted by Prabhav Narasimha Rao and Priyashaila Prabhav Rao, and generates revenue primarily through EPCC contracts, engineering design services and project execution for domestic as well as overseas clients, particularly in the Middle East.
Frequently Asked Questions about Leapfrog Engineering Services SME IPO
What is the GMP of Leapfrog Engineering Services SME IPO?
The current Grey Market Premium (GMP) of Leapfrog Engineering Services SME IPO is not yet started or active in the market.
What is the Kostak Price of Leapfrog Engineering Services SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Leapfrog Engineering Services SME IPO is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What is the Subject to Sauda Price of Leapfrog Engineering Services SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is : Retail: ₹ 0, SHNI: ₹ 0, BHNI: ₹ 0.
What was the actual listing price of Leapfrog Engineering Services SME IPO?
The listing price estimate is not yet available as GMP has not been established for Leapfrog Engineering Services SME IPO. Check back closer to the subscription date.
How did the GMP of Leapfrog Engineering Services SME IPO trend before listing?
The GMP of Leapfrog Engineering Services SME IPO was stable in its final days before listing. The GMP peaked at ₹0 on 22 April 2026. View the day-wise table above for the complete GMP history.
Explore Leapfrog Engineering Services SME IPO Further
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