New Delhi, June 19 -- Leapfrog Engineering Services IPO Day 3: The initial public offering of Leapfrog Engineering Services opened for subscription on 17 June and will close today, Friday, 19 June. The Leapfrog Engineering Services IPO price band has been set in the range of Rs.21-23 per share.

The company aims to raise Rs.88.51 crore from this SME IPO, which is a mix of fresh shares and an offer for sale (OFS). The issue is a combination of fresh issue of 3.46 crore shares aggregating to Rs.79.60 crore and an offer for sale of 0.39 crore shares aggregating to Rs.8.91 crore.

The IPO allotment is expected on Monday, 22 June, while successful applicants are likely to receive their shares on Tuesday, 23 June. Refunds for non-allottees will...