Telge Projects IPO

₹1,14,000/1200 shares

Minimum Investment

IPO Details

Open Date

25 Sep 25

Close Date

29 Sep 25

Minimum Investment

₹1,14,000

Lot Size

1200

Price Range

₹95 to ₹105

Listing Exchange

BSE

Issue Size

₹27.24 Cr

Listing Date

03 Oct 25

Open Free Demat Account

Telge Projects IPO Timeline

Bidding Start

25 Sep 25

Bidding Ends

29 Sep 25

Allotment Finalisation

30 Sep 25

Refund Initiation

01 Oct 25

Demat Transfer

01 Oct 25

Listing

03 Oct 25

Telge Projects Limited

Telge Projects offers a wide range of engineering design services, including BIM, structural design, MTO, drafting, and architectural solutions, with a focus on modern, technology-driven methodologies. Serving EPC firms, contractors, and fabricators, it provides cost-effective, accurate, and timely services, certified by ISO 9001:2015. The company executes fixed-price and T&M contracts across commercial, industrial, infrastructure, institutional, and residential sectors. With projects delivered in 11 countries and a U.S. subsidiary, Telge Projects had 81 ongoing projects worth ₹442.01 lakhs as of March 31, 2025.

Telge Projects Limited IPO Overview

Telge Projects IPO is a book-built issue worth ₹27.24 crores, entirely comprising a fresh issue of 0.26 crore shares. The IPO will open for subscription on September 25, 2025, and close on September 29, 2025, with allotment expected on September 30, 2025. The shares are proposed to list on BSE SME, with a tentative listing date of October 3, 2025. The price band is set at ₹95 to ₹105 per share, with a lot size of 2,400 shares. Retail investors require a minimum investment of ₹2,52,000, while HNIs need to apply for at least three lots, amounting to ₹3,78,000. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar to the issue.

Telge Projects Limited IPO Details

Particulars	Details
IPO Date	25 September 2025 to 29 September 2025
Listing Date	3 October 2025
Face Value	₹10 per share
Issue Price Band	₹95 to ₹105 per share
Lot Size	1,200 Shares
Total Issue Size	25,94,400 shares (aggregating up to ₹27.24 Cr)
Fresh Issue	25,94,400 shares (aggregating up to ₹27.24 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	71,95,748 shares
Share Holding Post Issue	97,90,148 shares
Market Maker Portion	NA

Telge Projects Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Telge Projects Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,400	₹2,52,000
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

Shareholding Status	Percentage
Pre-Issue	97.28%
Post-Issue	71.50%

Telge Projects Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	7.60
Price/Earnings (P/E) Ratio	—
Return on Net Worth (RoNW)	47.46%
Net Asset Value (NAV)	₹16.00
Return on Equity	67.29%
Return on Capital Employed (ROCE)	56.22%
EBITDA Margin	32.97%
PAT Margin	21.45%
Debt to Equity Ratio	0.83

Objects of the Proceeds

Funding office premises purchase in Pune – ₹8.95 crore

Capital expenditure on IT hardware and software – ₹2.44 crore

Hiring manpower for domestic operations – ₹4.18 crore

Investment in US subsidiary (Telge Projects Inc) for manpower – ₹4.86 crore

Key Financials (in ₹ crores)

Particulars	31 Mar 2025	31 Mar 2024
Assets	25.56	10.37
Revenue	25.65	12.50
Profit After Tax	5.38	2.66
Reserves and Surplus	10.31	3.66
Total Borrowings	9.38	2.76

SWOT Analysis of Telge Projects IPO

Strength and Opportunities

Strong expertise in BIM and structural design across industries
Global project execution experience across 11 countries
Diversified contracts including fixed price and T&M models
High growth in revenue and profitability with strong margins

Risks and Threats

Revenue heavily dependent on EPC and contractor clients
Exposure to forex fluctuations in international contracts
Competition from established global engineering service firms
Scalability challenges in hiring and training skilled manpower

Explore IPO Opportunities

Explore our comprehensive IPO pages to stay updated on the latest trends and insights.

Upcoming SME IPOs

Current SME IPOs

Closed SME IPOs

About Telge Projects Limited

Telge Projects IPO Strengths

Expertise in BIM and structural design ensures cost-efficient and accurate project delivery.

Strong international presence with projects executed across 11 global markets.

ISO 9001:2015 certification ensures high quality and process-driven services.

Balanced contracts with fixed price and T&M models provide revenue stability.

Robust financial growth with 105% revenue and 103% PAT increase in FY25.

Diversified client base across EPC firms, contractors, and multiple industry sectors.

Telge Projects Limited Peer Comparison (As on March 31, 2025)

Company Name	EPS (Basic)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Telge Projects Ltd.	7.60	16.00	—	47.46	—
Peer Group
Mold-Tek Technologies Ltd.	4.26	41.21	38.32	10.34	3.98

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App