Leapfrog Engineering: No IPO Fund Use Deviation for H1 FY27

Leapfrog Engineering Services Ltd has confirmed no deviations in the utilization of its Initial Public Offering (IPO) proceeds for the half-year ended September 30, 2026. The company raised ₹8,851.32 Lakhs (₹88.51 Crore) through its IPO, which opened on June 17, 2026. Funds were allocated to Capital Expenditure for an assembling unit (₹2,700.36 Lakhs), Working Capital Requirements (₹3,604.82 Lakhs), General Corporate Expenses (₹895.86 Lakhs), and Issue Related Expenses (₹758.80 Lakhs). Minor reallocations occurred between categories, such as ₹76.43 Lakhs from Capital Expenditure to Working Capital and ₹49.69 Lakhs from Issue Expenses to General Corporate Expenses, all approved by the Audit Committee and Board of Directors. The actual utilization aligns with the disclosed objects, with a surplus of ₹126.12 Lakhs under Issue-Related Expenses.