New Delhi, April 23 -- Leapfrog Engineering Services IPO: The initial public offering (IPO) of Leapfrog Engineering Services opened for subscription on April 23 and will remain open until April 27. The SME issue comes at a time when primary market activity remains selective, with investor interest closely tied to valuations, financial performance, and near-term growth visibility.

The company has fixed the IPO price band at Rs.21-23 per share and aims to raise Rs.88.51 crore through the issue. The offering is a mix of fresh issue and an offer for sale (OFS). The fresh issue comprises 3.46 crore shares aggregating to Rs.79.60 crore, while the OFS consists of 0.39 crore shares worth Rs.8.91 crore.

The allotment is expected to be finalised ...