Leapfrog Engineering Services experienced a subdued market entry, with its shares listing at a 4.3% discount to the IPO price on the BSE SME platform. Despite strong interest from institutional investors, the retail portion of the Rs 88.51-crore offering remained undersubscribed. The company, a provider of integrated EPCC solutions, plans to utilize the IPO funds for expansion and working capital.

The Rs 88.51-crore IPO was subscribed 2.70 times during the three-day bidding period. The issue saw strong institutional interest, with the qualified institutional buyers (QIB)…

Leapfrog Engineering Services experienced a subdued market entry, with its shares listing at a 4.3% discount to the IPO price on the BSE SME platform. Despite strong interest from…