Basis of Allotment

THIS IS A PUBUC ANNOUNCEMENT FOR INFORMATION PURPOSE ONLY. THIS IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
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LEAPFROG ENGINEERING SERVICES LIMITED
(formerly Leapfrog Engineering Services Private Limited)
CIN: U74210KA2005PLC036274
THE EQUITY SHARES OF THE COMPANY WILL GET LISTED ON THE SME PLATFORM OF BSE LIMITED ("BSE SME")

Our Company was originally incorporated as a Private Limited Company in the name of "Leapfrog Informatics Private Limited" on May 09, 2005 under the provisions of Companies Act, 1956 bearing Corporate Identification Number U74210KA2005PTC036274 issued by Registrar of Companies Karnataka. Subsequently the name of our company was changed to "Leapfrog Engineering Services Private Limited" vide a fresh Certificate of Incorporation consequent upon Change of Name dated January 23, 2009 bearing Corporate Identification Number U74210KA2005PTC036274 issued by Registrar of Companies - Karnataka. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to "Leapfrog Engineering Services Limited" vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 21, 2024 bearing Corporate Identification Number U74210KA2005PLC036274 issued by Registrar of Companies -Central Processing Centre (CPC). For further details of change in name and registered office of our company, please refer to section titled "Our History and Certain Corporate Matters" beginning on page no 188 of the Prospectus.

Registered Office: No 496, Chaithanya Dhriti Rudresh, 6th Main, 8th Cross, Vijaya Bank Layout, Bannerghatta Road, Bangalore, Bangalore South, Karnataka, India, 560076
Contact Person: Ms. Sneha Hegde, Company Secretary & Compliance Officer; Tel No: +91 78994 81340; E-Mail ID: cs@lesgroup.in; Website: www.lesgroup.in; CIN: U74210KA2005PLC036274
PROMOTERS OF THE COMPANY : (i) Mr. Prabhav Narasimha Rao and (ii)Mrs. Priyashaila Prabhav Rao
Our Company has filed the Prospectus dated June 20, 2026 with ROC and Equity Shares are proposed to be listed on the SME Platform of BSE Limited ('BSE SME") on June 24, 2026
"THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBI ICDR REGULATIONS, 2018 (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON THE SME PLATFORM OF BSE LIMITED ("BSE SME")."
BRIEF DESCRIPTION OF THE BUSINESS OF THE COMPANY

Incorporated in the year 2005, Leapfrog Engineering Services Limited is engaged into execution of integrated engineering, procurement, construction, and commissioning (EPCC) contracts with a specialized focus on electrical, instrumentation, fire safety, modular substation and automation systems. We provide EPCC services for a wide range of industries, including Oil and Gas, Food processing, Pharma, Metals among others. Our expertise spans a wide range of engineering solutions, making us a versatile and comprehensive service provider in the industry. We cater to a highly diversified client base, delivering tailored solutions across numerous sectors. Our operations extend across multiple states within India and also internationally, serving clients in many countries around the globe.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER UP TO 3,84,84,000 EQUITY SHARES OF FACE VALUE OF RS. 1/- EACH ("EQUITY SHARES") OF LEAPFROG ENGINEERING SERVICES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 23/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 22/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 8,851.32 LAKHS ("THE ISSUE"), COMPRISING OF A FRESH ISSUE OF UP TO 3,46,08,000 EQUITY SHARES AGGREGATING TO RS. 7,959.84 LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF UP TO 38,76,000 EQUITY SHARES BY THE PROMOTER SELLING SHAREHOLDER, PRABHAV NARASIMHA RAO ("OFFER FOR SALE") AGGREGATING TO RS. 891.48 LAKHS, (HEREINAFTER REFFERD AS "PROMOTER SELLING SHAREHOLDER") OUTOF WHICH 19,26,000 EQUITY SHARES OF FACE VALUE OF RS. 1/- EACH FOR CASH AT A PRICE OF RS. 23/- PER EQUITY SHARE, AGGREGATING TO RS. 442.98 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 3,65,58,000 EQUITY SHARES OF FACE VALU E OF RS. 1/- EACH FOR CASH AT A PRICE OF RS. 23/- PER EQUITY SHARE, AGGREGATING TO RS. 8,408.34 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.14% AND 25.78% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS. 1/- EACH.

The Face Value of the Equity Shares is Re. 1/- and the Issue Price is Rs. 21/- to Rs. 23/- each. The Issue Price is 23 Times the Face Value of the Equity Shares.
ISSUE PROGRAM BID/ISSUE OPENED ON: WEDNESDAY, JUNE 17, 2026
BID/ISSUE CLOSED ON: FRIDAY, JUNE 19, 2026
RISKS TO INVESTORS:

Risk to Investors: Summary description of key risk factors based on materiality:

1. Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.

2. Dependence on Leased Premises for Business Operations.

3. We may face several risks associated with the object of the issue of setting up of proposed Assembling Unit, which could hamper our growth prospects, cash flows and business and financial condition.

4. We cannot assure you that the proposed assembling unit will become operational as scheduled, or at all, or operate as efficiently as planned. If we are unable to commission our new facility in a timely manner or without cost overruns, it may adversely affect our business, results of operations and financial condition.

5. The cost estimates for the proposed assembling unit at Site No. 11 & 12, Akshya Nagar, Yelenahalli, Begur, Bengaluru - 560068, Karnataka have been derived from management estimates and quotations received from third parties and may not be accurate.

6. Our Company is yet to place orders for civil work and plant & machineries for the proposed assembling unit. Any delay in placing orders or completion of civil works or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.

7. EPCC projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new infrastructure projects are not awarded to us or if contracts awarded to us are prematurely terminated.

8. Dependence on Middle Eastern Markets for Export Revenue.

9. Our business is substantially dependent on certain key customers, from whom we derive a significant portion of our revenues. The loss of any significant customer may have a material and adverse effect on our business and results of operations.

10. Our Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact our business, financial condition and results of operations.

PROPOSED LISTING: June 24, 2026*

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBI ICDR Regulations, as amended, wherein not more than 50% of the Net Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion"). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders (1/3rd of the portion available to NIBs shall be reserved for applicants with an application size of more than 2 lots and upto such lots equivalent to not more than Rs.10 lakhs and 2/3rd of the portion available to NIBs shall be reserved for applicants with an application size of more than Rs. 10 lakhs and the unsubscribed portion in either of the sub-categories, could be allocated to applicants in the other sub-category of NIBs) and not less than 35% of the Net Issue shall be available for allocation to Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of Individual Bidders using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts will be blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 342 of the Prospectus.

The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to BSE. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited.

The trading is proposed to be commenced on June 24, 2026

*Subject to the receipt of listing and trading approval from the BSE Limited ("BSE SME").

SUBSCRIPTION DETAILS

The Issue received 4,586 Applications for 10,06,74,000 Equity Shares (after considering invalid bids, Other than RC10 Transaction declined by Investors, RC10 Mandate not accepted by Investors and Withdrawal/ Cancelled Bids reported by SCSB) resulting 2.61 times subscription (including reserved portion of market maker. The details of the Applications received in the Issue from various categories are as under (before rejections):

Detail of the Applications Received:

Sr. No. Category Number of Applications No Of Shares Equity Shares Reserved as per Prospectus No Of Times Subscriptions Amount (Rs.)
1. Individual Investors 1,539 1,84,68,000 2,19,60,000 0.84 42,37,68,000.00
2. QIB 7 76,62,000 3,78,000 20.27 17,62,26,000.00
3. Non-Institutional Investors upto 10 lacs 2,999 5,68,08,000 47,40,000 11.98 1,30,61,52,000.00
4. Market Makers 1 19,26,000 19,26,000 1.00 4,42,98,000.00
5. Non-Institutional Investors above 10 lacs 40 1,58,10,000 94,80,000 1.67 34,72,50,000.00
Total 4,586 10,06,74,000 3,84,84,000 2.61 2,29,76,94,000.00

Final Demand:

A summary of the final demand as per BSE as on the Bid/ Issue Closing Date at different Bid prices is as under:

Sr. No. Bid Price No Of Equity Shares % of Total Cumulative Total % Cumulative Total
1. 23 12,12,30,000 92.24 12,12,30,000 32.38
2. 22 4,86,000 0.37 12,17,16,000 32.51
3. 21 97,14,000 7.39 13,14,30,000 35.11
Total 13,14,30,000 100.00 37,43,76,000 100.00

The Basis of Allotment was finalized in consultation with the designated Stock Exchange, being BSE Limited ("BSE SME") on June 22, 2026.

1. Allotment to Individual Investors (After Rejections):

The Basis of Allotment to the Individual Investors, who have Bid at Issue Price of Rs. 23 per Equity Share, was finalized in consultation with BSE. The category has been subscribed to the extent of 0.815 times. The total number of Equity Shares Allotted in this category is 1,78,92,000 Equity Shares to 1,491 successful applicants. The details of the Basis of Allotment of the said category are as under:

No. of Shares applied for (Category Wise) Number of applications received % of Total Total No. of Shares applied in each category % of Total Ratio of allottees to applicants Total No. of Shares allocated/alloted
12,000 1,491 100.00 1,78,92,000 100.00 1:1 1,78,92,000

2. Allotment to Non-Institutional Investors (More than 2 lots and up to ^10,00,000) (After Rejections):

The Basis of Allotment to the Non-Institutional Investors, who have bid at the Issue Price of ^ 23 per Equity Share was finalized in consultation with BSE. The category has been subscribed to the extent of 11.97 times. The total number of Equity Shares Allotted in this category is 1,06,68,000 Equity Shares to 592 successful applicants. The details of the Basis of Allotment of the said category are as under:

Sr. No. No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each category %to total Ratio of allottees to applicants Total No. of share allocated/alloted
1. 18,000 2,759 92.12 4,96,62,000 87.53 39:197 98,28,000
2. 24,000 2 0.07 48,000 0:0 0:00 0
3. 30,000 233 7.78 69,90,000 12.32 46:233 8,28,000
4. 36,000 1 0.03 36,000 0:0 0:00 0
5. 2 Lots of 6000 to be alloted amongst Sr No. 3 2:46 12,000
Total 2,995 100.00 5,67,36,000 100.00 1,06,68,000

3. Allotment to Non-Institutional Investors (More than Rs. 10,00,000)

The Basis of Allotment to the Non-Institutional Investors, who have bid at the Issue Price of 23 or above per Equity Share was finalized in consultation with BSE. The category has been subscribed to the extent of 0.80 times (after rejection). The total number of Equity Shares Allotted in this category is 76,20,000 Equity shares to 18 successful applicants. The details of the Basis of Allotment of the said category are as under:

Sr. No. No. of Shares applied for (Category wise) Number of applications received % to total Total No. of Shares applied in each category %to total Ratio of allottees to applicants Total No. of share allocated/alloted
1 48,000 14 77.78 6,72,000 8.82 1:1 6,72,000
2 8,64,000 1 5.56 8,64,000 11.34 1:1 8,64,000
3 12,96,000 1 5.56 12,96,000 17.01 1:1 12,96,000
4 21,78,000 1 5.56 21,78,000 28.58 1:1 21,78,000
5 26,10,000 1 5.56 26,10,000 34.25 1:1 26,10,000
Total 18 100.00 76,20,000 100.00 76,20,000

4. Allotment to Market Maker: The Basis of Allotment to Market Maker who have bid at Issue Price of Rs. 23/- per Equity Shares, was finalized in consultation with BSE. The category was subscribed by 1.00 times i.e. for 19,26,000 Equity shares the total number of shares allotted in this category is 19,26,000 Equity Shares. The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise) No. of Applications received % of Total Total No. of Equity Shares applied in this Category % of Total Ratio of allottees to applicants Total No. of shares allocated/allotted
19,26,000 1 100.00 19,26,000 100.00 1:1 19,26,000

5. Allotment to QIBs (After Rejections):

Allotment to QIBs, who have bid at the Issue Price of Rs. 23/- per Equity Share has been done on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 20.27 times of QIB portion. The total number of Equity Shares allotted in the QIB category is 3,78,000 Equity Shares, which were allotted to 7 successful Applicants.

Category FI'S/BANK'S MF'S ICS NBFC'S AIF FPC/FII VCF Total
QIB 0 0 0 0 2,34,000 1,44,000 0 3,78,000

The Board of Directors of our Company at its meeting held on June 22, 2026 has taken on record the basis of allotment of Equity Shares approved by the designated Stock Exchange, being BSE SME and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched/mailed for unblocking of funds and transfer to the Public Issue Account on or before June 23, 2026 In case the same is not received within ten days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on June 23, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE SME and the trading of the Equity Shares is expected to commence trading on June 24, 2026.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 20, 2026 filed with the Registrar of Companies, Bangalore ("RoC").

INVESTORS, PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue: www.integratedregistry.in

TRACK RECORD OF BOOK RUNNING LEAD MANAGER: The BRLM associated with the Issue has handled 33 Public Issues in the past three financial years, out of which 13 issue was closed below the Issue/ Offer Price on listing date:

Name of BRLM Total Issue Issue closed below IPO Price on listing date
Mainboard SME
Finshore Management Services Limited 0 33 13

All future correspondence in this regard may kindly be addressed to the Registrar to the issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

wpeC.jpg (2237 bytes) INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
Address: No. 30 Ramana Residency-4th Cross Sampige Road Malleswaram Bengaluru 560003, Karnataka, India
Telephone: 080-23460815-819
Email: smeipo@integratedindia.in
Contact Person: Mr. SGiridhar
Website: www.integratedregistry.in
Investor Grievance Email: giri@integratedindia.in
SEBI Registration No: INR000000544
CIN No: U74900TN2015PTC101466
On behalf of Board of Directors
LEAPFROG ENGINEERING SERVICES LIMITED
Sd/-
Prabhav Narasimha Rao
Managing Director
DIN:02277473
Place: Bangalore
Date: June 23, 2026

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF LEAPFROG ENGINEERING SERVICES LIMITED

Disclaimer: LEAPFROG ENGINEERING SERVICES LIMITED has filed the Prospectus with the RoC on June 20, 2026 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website of the BRLM, Finshore Management Services Limited at www.finshoregroup.com and the Company at www.lesgroup.in and shall also be available on the website of the BSE Limited at www.bseindia.com and SEBI. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors" beginning on page 25 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States, and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being Issued and sold outside the United States in "offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such Issues and sales are made. There will be no public Issuing in the United States.