Two Companies Set for IPO Launch Amidst Quiet Primary Market Week
The Indian IPO market will see a quiet week ahead, with only two SME public issues, Liotech Industries and Leapfrog Engineering, set to open for subscription on June 17. Collectively, these companies aim to raise around Rs 125 crore through a combination of fresh issues and offer-for-sale segments. While the mainboard IPO market continues to remain sluggish, SME offerings have maintained their appeal, and these particular launches will serve as a test of investor interest in a selective primary market atmosphere. The subscription window will close on June 19, with both companies expected to list on the BSE SME platform on June 24.
Leapfrog Engineering Services is the larger of the two, targeting an ambitious Rs 88.5 crore through its book-built issue. The IPO consists of a fresh issue worth Rs 79.6 crore and an Rs 8.9 crore offer for sale. The company has set a price band of Rs 21-23 per share, with a minimum bid requirement of 12,000 shares, translating to an investment of approximately Rs 2.76 lakh. Leapfrog operates in diverse sectors such as oil and gas, pharmaceuticals, and food processing, focusing on integrated engineering solutions. The company reported a revenue of Rs 105 crore and a net profit of Rs 14.2 crore for the nine months ending December 2025.
Liotech Industries, on the other hand, intends to raise Rs 36 crore through a fixed-price offering priced at Rs 321 per share. This involves a fresh issue of Rs 28.9 crore and an offer for sale of Rs 7.1 crore, requiring retail investors to invest at least Rs 2.57 lakh for one lot of 800 shares. Based in Rajkot, Liotech manufactures architectural hardware products and reported revenue of Rs 51.8 crore and net profit of Rs 5.5 crore for the nine months ending December 2025. The upcoming IPOs suggest a continued focus on bolstering SME companies with strong fundamentals and diverse portfolios, indicating potential growth opportunities for Indian investors in this segment.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)