₹1,26,000 / 1200 shares
Telge Projects IPO Details
RHP/DRHPIssue Date
25 Sep - 29 Sep'25
Investment/lot
₹1,26,000
Price Range
₹95 - ₹105
Lot Size
1200
IPO Size
₹27.24 Cr
Telge Projects IPO Listing Details
Listing On
3 Oct'25
Issue Price
₹105
Listed Price
₹ 108.1
Retail Gain/Listing Gain
▲2.95%
Schedule of Telge Projects IPO
Start date
25/09/2025
End date
29/09/2025
Allotment of bids
30/09/2025
Refund Initiation
Listing on exchange
03/10/2025
Telge Projects IPO Subscription Status
(Last updated on 29 Sep 2025 04:45 PM)
| Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 25-Sep-2025 | 0.08x | 0x | 0.09x | 0.27x |
Day 2 26-Sep-2025 | 0.26x | 0.25x | 0.15x | 0.45x |
Day 3 29-Sep-2025 | 2.84x | 5.41x | 1.69x | 2.29x |
Telge Projects IPO Subscription Rate
| Category | Subscription Rate |
|---|---|
Non-Institutional (HNI) | 2.29x |
Qualified Institutions | 5.41x |
Retail | 1.72x |
Total Subscription | 2.85x |
About Telge Projects IPO
The IPO of Telge Projects Ltd comprises a fresh issue of up to 25,94,400 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band is ₹95 to ₹105 per share and the lot size is 1200. The IPO opens on September 25, 2025 and closes on September 29, 2025.
The listing date is on October 3, 2025 and the allotment date is on September 30, 2025. The credit of shares to the Demat account will take place on October 1, 2025, while the initiation of refund will take place on October 1, 2025.
Telge Projects Ltd is engaged in a comprehensive range of engineering design services, such as building information modeling (BIM), structural engineering design, material take-offs (MTO), 2D drafting and architectural design to ensure seamless project execution.
Objectives of Telge Projects IPO
The company proposes to utilise the IPO proceeds for:
- Funding of capital expenditure towards purchase of additional office premises at Pune
- Funding of capital expenditure requirements towards purchase of computers, laptops, other related accessories and purchase of software subscriptions
- Hiring of manpower
- Investment in a subsidiary for hiring manpower
- General corporate purpose
Telge Projects IPO Valuation
Telge Projects IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | 2 | 2400 | 2,52,000 |
Individual Investors (Retail) (Max) | 2 | 2400 | 2,52,000 |
S-HNI (Min) | 3 | 3600 | 3,78,000 |
S-HNI (Max) | 7 | 8400 | 8,82,000 |
B-HNI (Min) | 8 | 9600 | 10,08,800 |
Telge Projects IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Applicants | Not less than 15% of the net issue |
Individual Investors | Not less than 35% of the net issue |
Market maker reservation portion is 5.04% of the issue size.
Industry Outlook
The global engineering services industry has expanded alongside a recovery of markets worldwide, prompting new investment that has fueled projects across key markets including the United States, Europe and East Asia. The economic environment has enabled downstream industries to invest in ventures involving engineering services, with higher production levels in OECD countries translating to new facilities, factories and other structures.
India building information modeling market size is projected to exhibit a growth rate (CAGR) of 11.50% during 2025-2033. The elevating integration of advanced software solutions and cloud-based platforms is enhancing the efficiency of collaborative efforts among architects, engineers, and construction professionals throughout the project lifecycle, which is primarily driving the market growth.
Company Information
Incorporated on January 16, 2018, Telge Projects Ltd is presently engaged in a comprehensive range of engineering design services, such as building information modeling (BIM), structural engineering design, material take-offs (MTO), 2D drafting and architectural design to ensure seamless project execution. Its services emphasise the use of modern methodologies over traditional approaches.
Further, Telge Projects Ltd serves EPC (Engineering, Procurement, and Construction) firms, fabricators, and contractors by delivering accurate, cost-effective engineering services in a timely manner.
Strengths of Telge Projects IPO
- Deep domain expertise with software capabilities
- Long standing relationships with customers globally
- Leveraging the experience of promoter and senior managerial personnel
- Established market setup and diversified service range
- Global presence across various countries
- In-house execution with two-shift model
Risks of Telge Projects IPO
- Dependence on top 10 customers for majority of revenues
- Revenue concentration on exports market in certain geographical locations
- Heavy reliance on Tekla Structure software
- Market reception of BIM services may impact business growth
- Risk of delays due to design changes and exposure to project execution risks
All Financial Information about Telge Projects IPO
Comparison with peers
| Company Name | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share (in ₹) |
|---|---|---|---|
Telge Projects Ltd | 7.60 | 47.46 | 16 |
Mold-Tek Technologies Ltd | 4.26 | 10.34 | 41.21 |
Anchor Investor Bidding Date
Anchor portion of the IPO opens for bidding on September 24, 2025.
IPO Registrar and Book Running Lead Manager
- IPO Registrar: Bigshare Services Pvt Ltd
- Book Running Lead Manager: Smart Horizon Capital Advisors Pvt Ltd
Business Model
The core business verticals of Telge Projects Ltd are in the AEC (Architecture, Engineering, and Construction) industry encompassing a broad spectrum of civil engineering design services and leveraging technologies to meet evolving global market demands. The company offers:
- BIM Modeling Services
- Structural Engineering Designing Services
- Material Take Offs Services
- 2D Drafting Services
- Architectural Services
Company Growth Trajectory
The revenue from operations of Telge Projects Ltd grew from ₹7.4401 crores (standalone basis) in FY 23 to ₹25.0829 crores (consolidated basis) in FY 25, while EBITDA margin increased from 19.57% (standalone basis) in FY 23 to 32.97% (consolidated basis) in FY 25. Its PAT margin increased from 12.09% (standalone basis) in FY 23 to 21.45% (consolidated basis) in FY 25. Deep domain expertise coupled with long standing relationships with customers has helped the company grow over the years.
Market Position
Telge Projects Ltd is certified with ISO 9001:2015 committed to 3D modelling & detailing of precast structure and steel structure for civil and construction industry. Its clientele includes companies across the commercial, industrial, infrastructure, institutional and residential sectors in both domestic and international markets. The company renders its services through its registered office situated at Pune.
Further, it has developed its presence in the global market, successfully exporting its services to over 11 countries including Australia, Canada, Ireland, Latvia, Malaysia, New Zealand, Poland, Singapore, Sweden, UK (United Kingdom) and USA (United States of America).
Over the years, it has successfully delivered projects ranging from small-scale to large and complex projects across the global market. This track record reflects not only its capabilities and expertise but also its commitment to provide quality work, in a timely manner for its client’s satisfaction.
Telge Projects IPO Profit and Loss
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Total Income (in ₹ crores) | 25.6539 | 12.5049 | 7.5140 |
Profit / (Loss) Before Tax (in ₹ crores) | 7.1130 | 3.6052 | 1.2443 |
Profit After Tax (in ₹ crores) | 5.3807 | 2.6563 | 0.8996 |
EBITDA (in ₹ crores) | 8.2686 | 3.8132 | 1.4557 |
EPS in ₹ | 7.60 | 4.43 | 1.50 |
Telge Projects IPO Balance Sheet
| Parameter | FY 25 (Consolidat) | FY 24 (Consolidated) | FY 23 (Standalone) |
|---|---|---|---|
Profit / (Loss) Before Tax (in ₹ crores) | 7.1130 | 3.6052 | 1.2443 |
Net Cash Flow from Operating Activities (in ₹ crores) | 3.3050 | 3.0958 | 0.6006 |
Net Cash Flow from Investing Activities (in ₹ crores) | (9.3165) | (3.4372) | (0.1001) |
Net Cash Flow from Financing Activities (in ₹ crores) | 7.0536 | 0.3252 | (0.2525) |
Cash Equivalents As At End of Period(in ₹ crores) | 1.5230 | 0.4808 | 0.4970 |
How to Check Allotment Status of Telge Projects IPO?
1. Visit the Registrar’s Website
- Visit the official website of Bigshare Services Pvt Ltd
- Choose IPO Allotment Status from ‘Services’
- Click on any one of the servers
- Choose ‘Company Name’ from dropdown
- Enter either your application number, CAF number or beneficiary ID
- Enter captcha and click on ‘Submit’ to know the status
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Choose the Issue Type
- Select the Issue Name from dropdown
- Put in either your application number or PAN number
- Check the box ‘I’m not a robot’
- Click on ‘Search’ to know allotment status
How to Apply for the Telge Projects Ltd IPO?
- Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Telge Projects IPO FAQs
When is Telge Projects IPO allotment?
Telge Projects IPO will be allotted on 2025-09-30.
When is Telge Projects IPO listing date?
Telge Projects will list on 2025-10-03.
What is the issue size of Telge Projects IPO?
₹27.24 Cr is the issue size of Telge Projects IPO.
What is the minimum lot size required for Telge Projects IPO?
The minimum lot size is 1200 shares and the investment required is ₹126000.
What is the price band of the Telge Projects IPO?
The price band of Telge Projects IPO is ₹95 to ₹105.
Where can I read more about Telge Projects business?
You can read more about Telge Projects and its IPO from the company’s red herring prospectus (RHP) here.
What is the Telge Projects Ltd IPO?
The Telge Projects Ltd IPO comprises a fresh issue of up to 25,94,400 equity shares aggregating up to ₹27.24 crores. There is no offer for sale in this IPO.
When is the IPO of Telge Projects Ltd coming?
The IPO opens for bidding on September 25, 2025 and closes on September 29, 2025.
Who is the Director of Telge Projects Ltd?
Shraddha Shailesh Telge is the Director of Telge Projects Ltd.
What is the lot size of shares in the Telge Projects Ltd IPO?
The lot size of shares in this IPO is 1200.
From where can I get more information about the IPO of Telge Projects Ltd?
To get more information about the IPO of Telge Projects Ltd, click on the company’s red herring prospectus here.