As a De La Salle Green Archer, Limpot led his team to two UAAP basketball titles (1989 and 1990). He shares the record of being a 3-time UAAP Most Valuable Player.
He then played for Magnolia Ice Cream in the PBL for four years from 1989 to 1993.He led the team to four conference championships and he won a PBL Most Valuable Player Award in the process.
Aside from that,he also was part of the national basketball team of the Philippines that won the Gold Medal at the 1991 Manila SEA Games.This then led Limpot to be the PBA's most sought-after amateur in the 1993 PBA Draft.
He was drafted 1st overall by the Sta. Lucia Realtors, where he averaged 20.6 points, 8.1 rebounds, 2.3 assists and 1.6 blocks in 39.8 minutes per game as a rookie. Limpot was the Rookie of the Year and spent 7 years with the Sta. Lucia franchise before being traded to the Barangay Ginebra Kings in 2000 for Marlou Aquino.