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Telge Projects Limited IPO
Telge Projects Limited has started its first public offer (IPO) in order to raise ₹27.24 crore through a fresh issue of 25.94 lakh equity shares. This IPO opened for subscription on September 25, 2025 and will close on September 29, 2025. The price band is set between ₹95 and ₹105 per share. The minimum lot size of Telge Projects IPO is 1,200 shares, meaning that retail investors will need to invest at least ₹1,26,000.
The IPO allotment is expected on September 30, 2025, with shares credited to investors on October 1, 2025. Listing is anticipated on the BSE SME platform on October 3, 2025. Smart Horizon Capital Advisors Private Limited is the lead manager and Bigshare Services Private Limited is the registrar of the issue.
Company Background
Telge Projects Limited was initially set up as a private company in October 2019 and then converted to a public company by January 2024. The company is a skilled provider of engineering design services in the architecture, engineering, and construction (AEC) industry.
The company’s main services include Building Information Modelling (BIM), structural engineering design, material take-offs (MTO), 2D drafting, and architectural designs. These services help engineering, procurement, and construction (EPC) firms, fabricators, and contractors execute projects globally.
Telge Projects has extensive experience in completing over 1,000 projects internationally across Asia, Europe, Australia, the United States, and the United Kingdom. It uses advanced digital tools and software programs such as Tekla Structures, Revit, and Autodesk to deliver projects with accuracy and efficiency.
The company primarily operates through fixed-price and time-and-material contracts, focusing on completing design phases and handing over detailed project layouts to clients for execution.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Telge Projects Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Telge Projects Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,94,400 shares (aggregating up to ₹27.24 Cr) |
| Reserved for Market Maker | 1,30,800 shares (aggregating up to ₹1.37 Cr) Shreni Shares Ltd. |
| Net Offered to Public | 24,63,600 shares (aggregating up to ₹25.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 71,95,748 shares |
| Share Holding Post Issue | 97,90,148 shares |
Telge Projects Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Sep 25, 2025 |
| IPO Close Date | Mon, Sep 29, 2025 |
| Tentative Allotment | Tue, Sep 30, 2025 |
| Initiation of Refunds | Wed, Oct 1, 2025 |
| Credit of Shares to Demat | Wed, Oct 1, 2025 |
| Tentative Listing Date | Fri, Oct 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 29, 2025 |
Telge Projects Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,52,000 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (Min) | 3 | 3,600 | ₹3,78,000 |
| S-HNI (Max) | 7 | 8,400 | ₹8,82,000 |
| B-HNI (Min) | 8 | 9,600 | ₹10,08,000 |
Telge Projects Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 97.28% |
| Promoter Holding Post Issue | 71.50% |
Competitive Strength:
- • Specializes in integrated digital engineering solutions, such as BIM, structural design and architectural design, across a range of sectors such as commercial, industrial, infrastructure, institutional and residential projects.
- • Proven global delivery capabilities with over 1,000 completed projects across multiple continents, ensuring steady revenue streams and broad market exposure.
- • Utilizes advanced software tools and engages in data-driven methodologies, such as Tekla Structures and Revit, to promote greater competencies in the accuracy of deliverables, capacities for higher productivity and a quicker turnaround on projects.
Telge Projects Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 25.56 | 25.65 | 5.38 | 11.34 | - | 9.38 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 10 | 13 | 3 | 5 | - | 2.76 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 5.88 | 7.51 | 0.9 | 2.09 | - | 2.5 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 67.29% |
| ROCE | 56.22% |
| Debt/Equity | 0.83 |
| RoNW | 47.46% |
| PAT Margin | 21.45% |
| EBITDA Margin | 32.97% |
| Price to Book Value | 6.56 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.48 | 6 |
| P/E (x) | 14.04 | 19 |
Conclusion
Telge Projects IPO offers investors an opportunity to participate in a growing engineering design services firm with true international reach, leveraging today’s technologies in modern digital construction processes within the AEC industry. The benefits of continued growth from a variety of projects across sectors position the company well in the expanding global AEC services market. Investors looking for exposure to engineering and construction digital services may find this IPO to be a promising opportunity, given its strong project execution track record and positive industry outlook.
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