Leapfrog Engineering Services Set for SME IPO with Today’s GMP and Subject 2 Pricing Revealed!

Leapfrog Engineering Services has announced its SME IPO, which is set to open for subscription on June 17, 2026. The company aims to raise approximately ₹88.51 crore through this public issue, with a price band ranging from ₹21 to ₹23 per share. The minimum investment amount translates to a market lot of 6000 shares, making it an opportunity for both retail and institutional investors looking to participate in this segment of the Indian stock market.

The current grey market premium (GMP) for Leapfrog Engineering Services IPO is noted at ₹0.5. This suggests a mild but stable interest among investors as they await the official listing. Despite the lack of a current Kostak rate and an unspecified Subject to Sauda price, the recorded GMP figures reflect a cautious optimism. It’s worth noting that the GMP exhibited fluctuations, with a high of ₹0.5 on June 17 and dipping to ₹0 on June 16, indicating some volatility in investor sentiment.

For Indian investors, this IPO presents a potentially attractive entry point into the growing SME sector, especially given the relatively low price band. The mild enthusiasm reflected in the grey market indicates that there may be a mix of cautious optimism and careful strategizing among investors. It’s essential for potential subscribers to analyze the accompanying financials and business model of Leapfrog Engineering Services, in conjunction with subscription trends as the IPO date approaches, to make informed investment decisions.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)