Telge Projects Limited
Bookbuilding IPO · BSE
- Price band
- ₹95 - ₹105
- Lot size
- 1,200 shares
- Issue amount
- ₹27.24 cr
- Total subscription
- 3.07×
- Opens
- 25 Sept 2025
- Closes
- 29 Sept 2025
- Allotment
- 30 Sept 2025
- Listing
- 3 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 25,94,400 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,14,000
- Fresh issue
- ₹27.24 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 71,95,748
- Shares after issue
- 97,90,148
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,52,000 |
| sHNI | 3 | 3,600 | ₹3,78,000 |
| bHNI | 8 | 9,600 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 29 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 7 |
| NIB | 0 | 126 |
| RETAIL | 361 | 626 |
| HNIs(10L +) | 69 | 60 |
| HNIs (2-10L) | 34 | 66 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.17 | 27.97 |
| FIIs | 0 | 1.01 |
| Others | 0 | 26.96 |
| RETAIL | 9.1 | 15.78 |
| HNIs 2+ | 1.3 | 2.95 |
| HNIs 10+ | 2.6 | 9.17 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 67.29 | 78.76 | 54.87 |
| ROCE | 56.22 | 89.5 | 30.28 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Telge Projects Limited | NA | NA | 10.00 | 16 | 47.46 | 7.6 |
| Mold-Tek Technologies Limited | 38.32 | 163.23 | 2.00 | 41.21 | 10.34 | 4.26 |
Company information
Company profile
Telge Projects offers a wide range of engineering design services, including BIM, structural design, material take-offs, 2D drafting, and architectural design, aimed at ensuring efficient project execution using modern technology. Serving EPC firms, fabricators, and contractors, the company provides accurate and cost-effective solutions and is ISO 9001:2015 certified, focusing on 3D modeling and detailing of precast and steel structures. It works on fixed-price and time-and-material contracts across commercial, industrial, infrastructure, institutional, and residential sectors, both in India and internationally. Telge Projects has completed projects in 11 countries, including Australia, Canada, UK, USA, and Singapore, and has acquired a US subsidiary, Telge Projects Inc. As of March 31, 2025, it has 81 ongoing projects with a total order book of ₹442.01 lakhs.
Strengths
- Engineering Design & BIM Expertise – Strong domain knowledge with 148 skilled engineers proficient in BIM and advanced 3D modeling, ensuring precision and high-quality design solutions.
- Robust Global Client Relationships – Repeated business from international clients despite no long-term contracts, driven by timely delivery and service quality, supporting customer base expansion.
- Experienced Leadership – Promoter-led team with seasoned senior management, providing deep industry knowledge and strategic guidance for sustainable growth.
Risk factors
- Customer Concentration Risk – Over half of revenues come from the top 10 clients; losing any of them or a reduction in business could significantly impact operations.
- Geographical Revenue Dependency – Revenue is concentrated in specific export markets; failure to sustain or grow in these regions may affect financial performance and future prospects.
- Software Reliance Risk – Heavy dependence on Tekla Structures software; any disruption, corruption, or inaccessibility could materially affect operations and cash flows.
Promoters
Ms. Shraddha Shailesh Telge
Registrar & documents
Lead manager
Smart Horizon Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit No. 502A, 5th floor, Om Chambers, Plot No. T-29, 30, 31, T Block, Bhosari I.E., Pune, Maharashtra Pune, Maharashtra, 411026
+91 7757950799
[email protected]Company website ↗Understanding TELGE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.