Leapfrog Engineering Services Share Price Hits 5% Upper Circuit After Listing at Discount

Deal Summary

Leapfrog Engineering Services completed its IPO on the BSE SME, which closed on 19 June with a 2.70× subscription. The shares debuted at US$0.27 (₹22), 4.3% below the US$0.28 (₹23) issue price, hitting a 5% upper‑circuit on 24 June. Proceeds of US$7.6M (₹63.05 crore) will fund a new assembly unit, working capital and general corporate purposes.