Key facts
- Two SME IPOs, Liotech Industries and Leapfrog Engineering, will open on June 17.
- The combined fundraising target for both IPOs is Rs 125 crore.
- Leapfrog Engineering aims to raise Rs 88.5 crore with a price band of Rs 21-23 per share.
- Liotech Industries plans to raise Rs 36 crore at Rs 321 per share.
- Both IPOs are scheduled to close on June 19 and list on the BSE SME platform on June 24.
The primary market will see limited activity next week, with only two Small and Medium-sized Enterprise (SME) initial public offerings (IPOs) scheduled to open. Liotech Industries and Leapfrog Engineering Services will launch their public offers on June 17, collectively aiming to raise approximately Rs 125 crore.
Leapfrog Engineering Services, a provider of integrated engineering and EPC solutions, is launching a book-built issue aiming for Rs 88.5 crore. This includes a fresh issue of Rs 79.6 crore and an offer for sale of Rs 8.9 crore, with a price band set between Rs 21 and Rs 23 per share. The company, incorporated in 2005, serves sectors such as oil and gas, pharmaceuticals, and food processing. For the nine months ended December 2025, Leapfrog reported revenue of Rs 105 crore and a profit after tax of Rs 14.2 crore.
Liotech Industries, a manufacturer of hardware structures and accessories, will raise Rs 36 crore through a fixed-price issue at Rs 321 per share. This offering consists of a fresh issue of Rs 28.9 crore and an offer for sale of Rs 7.1 crore. The Rajkot-based company caters to housing, infrastructure, and automotive sectors, among others. For the nine months ended December 2025, Liotech reported revenue of Rs 51.8 crore and a net profit of Rs 5.5 crore.
Both IPOs are set to close on June 19. The allotment for both issues is expected to be finalised on June 22, with listings scheduled for June 24 on the BSE SME platform. These offerings highlight continued investor interest in the SME segment, even as the mainboard IPO market remains subdued.