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.
Leapfrog Engineering Services debuted on the BSE SME platform with a 4.3% discount to its IPO price. While institutional investors showed robust interest, the retail segment of the Rs 88.51-crore offering faced undersubscription. The company intends to deploy the IPO proceeds…
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