Telge Projects IPO
Telge Projects IPO
Overview
Telge Projects IPO is a book build issue of ₹27.24 crores. The issue is entirely a fresh issue of 0.26 crore shares of ₹27.24 crore. Telge Projects IPO opens for subscription on Sep 25, 2025 and closes on Sep 29, 2025. The allotment for the Telge Projects IPO is expected to be finalized on Sep 30, 2025. Telge Projects IPO will list on BSE SME with a tentative listing date fixed as Oct 3, 2025. Telge Projects IPO price band is set at ₹95.00 to ₹105.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000.00 (2,400 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,600 shares), 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 of the issue. The market maker of the company is Shreni Shares Ltd..
Total Shares
25,94,400
Issue Size
₹27.24 Cr
Price Band
₹95 – ₹105
Lot Size
1200 shares
Min. Investment
₹2,52,000
Max. Investment
₹2,52,000
Open Date
25 Sep, 2025
Close Date
29 Sep, 2025
Allotment
30 Sep, 2025
Listing
03 Oct, 2025
Max. Investment
₹2,52,000
Announced
25 Sep, 2025
Opening Date
25 Sep, 2025
Closing Date
29 Sep, 2025
Basis of Allotment
30 Sep, 2025
Initiation of Refunds
01 Oct, 2025
Credit of Shares
01 Oct, 2025
Listing Date
03 Oct, 2025
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About Telge Projects IPO
Incorporated on January 16, 2018, Telge Projects Ltd is engaged in comprehensive range of engineering design services.
The company primarily serve EPC (Engineering, Procurement, and Construction) firms, fabricators, and contractors by offering accurate, cost-effective, and timely engineering design services.
The company has executed projects across 11 countries, including Australia, Canada, Ireland, Latvia, Malaysia, New Zealand, Poland, Singapore, Sweden, UK (United Kingdom) and
Telge Projects IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.1% increase in shares
Telge Projects IPO Promoters Holding
Telge Projects IPO Financial Health
Telge Projects Ltd.'s revenue increased by 105% and profit after tax (PAT) rose by 103% between the financial year ending with March 31, 2025 and March 31, 2024.
Telge Projects IPO Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 | ₹10,08,000 |
(All values in CR)
Telge Projects IPO Valuations
The market capitalization of Telge Projects IPO is ₹102.80 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Telge Projects IPO Strength & Risk
Telge Projects IPO Strength:
Strong revenue growth trend.
Healthy profit margins with good operational efficiency.
Focus on niche services like BIM and engineering design.
Presence in international markets with diverse client base.
Experienced promoter and management team.
Opportunities to scale further from a small base.
Telge Projects IPO Risk:
High dependence on a few major clients.
Large share of revenue comes from a single service line.
Exposure to foreign markets brings currency and regulatory risks.
Small company with limited track record.
Intense competition in engineering and design sector.
Dependence on skilled workforce; risk of attrition.
Regulatory and compliance challenges in multiple regions.
Execution risks while scaling operations.
Telge Projects IPO Subscriptions Status
Telge Projects IPO subscribed 2.99 times. The public issue subscribed 1.72 times in the individual investors category, 5.41 times in QIB (Ex Anchor), and 2.75 times in the NII category by September 29, 2025 5:05:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 7,33,200 | 7,33,200 | 7.699 |
| Market Maker | 1.00 | 1,30,800 | 1,30,800 | 1.373 |
| QIB (Ex Anchor) | 5.41 | 4,92,000 | 26,64,000 | 27.972 |
| Non-Institutional Buyers | 2.75 | 3,72,000 | 10,23,600 | 10.748 |
| bNII (bids above ₹10L) | 3.00 | 2,47,998 | 7,42,800 | 7.799 |
| sNII (bids below ₹10L) | 2.26 | 1,24,002 | 2,80,800 | 2.948 |
| Individual Investors (IND category bidding for 2 Lots) | 1.72 | 8,66,400 | 74,400 | 0.781 |
| Total | 2.99 | 17,30,400 | 2,12,400 | 54.394 |
Telge Projects IPO GMP
Telge Projects SME IPO last GMP is ₹0, last updated Sep 29th 2025 06:01 PM. With the price band of 105.00, Telge Projects SME IPO's estimated listing price is ₹105 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 29 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 29 Sep, 2025 |
| 28 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 28 Sep, 2025 |
| 27 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 27 Sep, 2025 |
| 26 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 26 Sep, 2025 |
| 25 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 25 Sep, 2025 |
| 24 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 24 Sep, 2025 |
| 23 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 23 Sep, 2025 |
| 22 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 22 Sep, 2025 |
| 21 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 21 Sep, 2025 |
| 20 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 20 Sep, 2025 |
| 19 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 19 Sep, 2025 |
| 18 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 18 Sep, 2025 |
| 17 Sep, 2025 | 105 | ₹0 | - | ₹105 (0.00%) | - | 17 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Telge Projects IPO
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