Key Quantitative Figures

  • Total IPO Proceeds: ₹8,851.32 Lakhs (Fresh Issue: ₹7,959.84 Lakhs, Offer for Sale: ₹891.48 Lakhs)
  • Funds Utilized as of 30-09-2026: ₹6,899.80 Lakhs
  • Unutilized Funds as of 30-09-2026: ₹1,060.05 Lakhs (temporarily held as fixed/current deposits with scheduled commercial banks)

Object-wise Utilization:

  • Capital Expenditure for Assembling Unit: Allocated ₹2,700.36 Lakhs, Utilized ₹1,671.27 Lakhs
  • Working Capital Requirements: Revised Allocation ₹3,681.25 Lakhs, Utilized ₹3,680.66 Lakhs
  • General Corporate Expenses: Revised Allocation ₹945.55 Lakhs, Utilized ₹915.19 Lakhs
  • Issue-Related Expenses: Revised Allocation ₹632.68 Lakhs, Utilized ₹632.68 Lakhs

Parties Involved

  • Listed Entity: Leapfrog Engineering Services Limited
  • Auditors: M/s. GRSM & Associates, Chartered Accountants (Firm Registration Number: 000863S)
  • Monitoring Agency: Infomerics Valuation and Rating Limited

Financial Impact and Reallocations

There were no deviations or variations in the utilisation of IPO proceeds. However, a surplus of ₹126.12 Lakhs from issue expenses was reallocated as follows:

  • ₹76.43 Lakhs reallocated to working capital requirements (revised from ₹3,604.82 Lakhs to ₹3,681.25 Lakhs)
  • ₹49.69 Lakhs reallocated to general corporate expenses (revised from ₹895.86 Lakhs to ₹945.55 Lakhs)
  • Issue expenses allocation reduced from ₹758.80 Lakhs to ₹632.68 Lakhs

Verification and Certification

The Statement of Deviation and utilization details were:

  • Reviewed by the Audit Committee and Board of Directors
  • Certified by M/s. GRSM & Associates, Chartered Accountants
  • The auditors verified the utilization with supporting documents including invoices, contracts, payment proofs, and bank statements

Additional Notes

  • All figures are rounded to the nearest lakh and include GST net of TDS
  • Unutilized funds are temporarily held in bank deposits pending utilization for stated objects
  • The revision in allocation was approved by the Audit Committee and Board on August 21, 2026

#Tags: #LeapfrogEngineering #IPO #FundUtilization #SEBIDisclosure #RegulatoryCompliance #Neutral