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Telge Projects Ltd.

IPO Details · GMP · Subscription · Financials
✅ Listed BSE SME SME
Issue Price
₹105
Per Share
GMP
+₹89
+84.76% Grey Market
Est. Listing
₹194
Expected Price
Min. Application
₹252,000
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹105 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size25,94,400 shares (agrregating up to 27.24 cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenThu, 25 Sep 2025
Subscription CloseMon, 29 Sep 2025
Anchor AllotmentWed, 24 Sep 2025
Basis of AllotmentTue, 30 Sep 2025
Initiation of RefundsWed, 01 Oct 2025
Credit of Shares to DematWed, 01 Oct 2025
Listing DateFri, 03 Oct 2025
UPI Mandate Deadline2025-09-29
Application & Investment Details
Retail — Min (2 Lots)252000 — 2400 shares
Retail — Max (13 Lots)₹1,638,000 (13 Lots)
HNI — Min (3 Lots)378000 — 3600 shares
QIB Quota47.22% of Issue
NII / HNI Quota14.34% of Issue
Retail Quota33.40% of Issue
Market Maker Quota5.04% of Issue
EPS (Pre-IPO)₹7.48
EPS (Post-IPO)₹5.50
P/E Ratio (Pre-IPO)14.04x
P/E Ratio (Post-IPO)19.1x
Net Offer to Public24,63,600 shares (aggregating up to ₹25.87 Cr)
Reserved for Market Maker1,30,800 shares (aggregating up to ₹1.37 Cr)
Pre-IPO Promoter Holding71,95,748 shares
Post-IPO Promoter Holding97,90,148 shares
About Telge Projects Ltd.

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 USA (United States of America). It also acquired a subsidiary, Telge Projects Inc. in USA.Services:Building Information Modeling (BIM) ServicesStructural Engineering Design ServicesMaterial Take- Offs (MTO)2D Drafting ServicesArchitectural ServicesAs on March 31, 2025, the company had 166 employees.Competitive Strengths:Deep domain expertise with software capabilitiesLong Standing Relationships with customers globallyLeveraging the experience of our Promoter and Senior Managerial PersonnelEstablished market setup and diversified service rangeGlobal Presence across various countriesIn-House Execution with Two-Shift ModelStrategic Acquisitions

Shareholding & Lock-in
Pre-IPO Promoter Holding 71,95,748 shares
Post-IPO Promoter Holding 97,90,148 shares
Telge Projects Ltd. — Live Price LIVE
₹105.00
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Issue Price
₹105.00
Issue Price
₹105.00
Face Value
₹10
Lot Size
1,200 sh
Listed On
03 Oct 2025
Exchange
BSE SME
GMP
+₹89
Symbol: BSE:TELGE
Quick Facts
GMP Signal 🟢 Positive
StatusListed
Issue Price₹105
GMP+₹89
Est. Listing₹194
Lot Size1,200 shares
Min Amount₹252,000
Listing Date03 Oct 2025
QIB Shares1,225,200
NII Shares372,000
Retail Shares866,400
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹105
Listing Date03 Oct 2025
Listing Price₹—
Listing Gain/Loss—%
52-Week High₹—
52-Week Low₹—
GMP Trend — Telge Projects Ltd. Post-listing trend
Issue Price ₹105.00
GMP +₹89
Est. Listing ₹194.00
Status: Listed
Telge Projects Ltd. IPO Subscription Status
Total shares offered: 25,94,400 (100.00%). Issue price: ₹105. Subscription data will be updated once the IPO opens for bidding.
IPO Subscription Status Category-wise (as reported by BSE/NSE)
Category Shares Offered* Total Amt* (₹ Cr.)
Anchor
130,800 ₹1.370
QIB (Ex Anchor)
1,225,200 ₹12.860
NII
372,000 ₹3.910
Retail
866,400 ₹9.100
Total ** 2,594,400 ₹27.240
*: "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
Important Dates
Subscription OpensThu, 25 Sep 2025
Subscription ClosesMon, 29 Sep 2025
Anchor AllotmentWed, 24 Sep 2025
Basis of AllotmentTue, 30 Sep 2025
Initiation of RefundWed, 01 Oct 2025
Demat CreditWed, 01 Oct 2025
Listing DateFri, 03 Oct 2025
UPI Mandate Deadline2025-09-29
Lot Size & Investment Table
ApplicationLotsSharesAmount
Retail (Min — 2 Lots) 2 2,400 ₹252,000
Retail (Max — 13 Lots) 13 15,600 ₹1,638,000
S-HNI (Min — 14 Lots) 14 16,800 ₹1,764,000
S-HNI (Max — 66 Lots) 66 79,200 ₹8,316,000
B-HNI (Min — 67 Lots) 67 80,400 ₹8,442,000
* Issue Price ₹105 × Lot Size 1,200 shares
Basis of Allotment — Telge Projects Ltd. IPO
Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares) 372,000 866,400 1,238,400
Allotment price (Rs.) 105 105 105 105 105 105 105 105
No. of applications
No. of shares applied
Amount collected (Rs.cr.) 12.86 1.37 14.23 3.91 9.10 27.24
No. of times subscribed
No. of shares allotted 372,000 866,400 1,238,400
Amount (Rs.cr.) 12.86 1.37 14.23 3.91 9.10 13.00
No. of allottees
* Based on upper price band ₹105
** Anchor investor allotment is excluded from total shares offered to public.
IPO Shares Offered (Issue Structure)
Category Shares Offered Amt (₹ Cr) Size (%)
Anchor / Market Maker 130,800 ₹1.37
5.04%
QIB (Ex Anchor) 1,225,200 ₹12.86
47.22%
NII / HNI 372,000 ₹3.91
14.34%
Retail (RII) 866,400 ₹9.10
33.40%
Total 2,594,400 ₹27.24
100.00%
Company Financials — Restated Consolidated (Amount in ₹ Crores)
Particulars 31 Mar 2025 31 Mar 2024 31 Mar 2023
Revenue from Operations 25.65 12.50 7.51
EBITDA 8.27 3.81 1.46
Profit After Tax (PAT) 5.38 2.66 0.90
Net Worth 11.34 4.66 2.09
Total Assets 25.56 10.37 5.88
Reserves & Surplus 10.31 3.66 1.09
Total Borrowings 9.38 2.76 2.50
EBITDA Margin (%) 32.97%
PAT Margin (%) 21.45%
Key Ratios & Valuation
Issue Price₹105
Face Value₹10 Per Share
Price / Book Value (P/BV)6.56
Return on Equity (RoE)67.29%
Return on Capital Employed (RoCE)56.22%
Return on Net Worth (RoNW)47.46%
PAT Margin (%)21.45%
EBITDA Margin (%)32.97%
Debt / Equity Ratio0.83%
Issue Structure & Shareholding
Total Shares Offered25,94,400 (100.00%)
Net Offer to Public24,63,600 shares (aggregating up to ₹25.87 Cr)
Reserved for Market Maker1,30,800 shares (aggregating up to ₹1.37 Cr)
Pre-Issue Promoter Holding71,95,748 shares
Post-Issue Promoter Holding97,90,148 shares
Script CodeNot Available
Objects of the Issue

Telge Projects Ltd. proposes to utilize the net proceeds raised through this IPO for the following objects as stated in the Draft Red Herring Prospectus (DRHP) filed with SEBI:

1
Object 1
2
Object 2
3
Object 3
4
Object 4
5
Object 5
Issue Composition & Shareholding
Issue TypeBookbuilding IPO
Sale TypeFresh Capital
Total Shares Offered25,94,400 (100.00%)
Net Offer to Public24,63,600 shares (aggregating up to ₹25.87 Cr)
Reserved for Market Maker1,30,800 shares (aggregating up to ₹1.37 Cr)
Pre-Issue Promoter Holding71,95,748 shares
Post-Issue Promoter Holding97,90,148 shares
Company Details
Company Name
Telge Projects Ltd.
Listing Exchange
BSE SME
IPO Type
allottees IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
Not Available
Registered Address
Unit No. 502A, 5th floor, Om Chambers, Plot No. T-29, 30, 31, T Block, Bhosari I.E., Pune, Maharashtra Pune, Maharashtra, 411026
IPO Registrar (Share Transfer Agent)
Bigshare Services Pvt.Ltd
Official IPO Registrar & Share Transfer Agent
Book Running Lead Managers (BRLM)
Smart Horizon Capital Advisors Pvt.Ltd.
Book Running Lead Manager (BRLM)
Quick Actions
IPO Timeline
IPO Opens
25 Sep 2025, Thu
✓ Done
IPO Closes
29 Sep 2025, Mon
✓ Done
Basis of Allotment
30 Sep 2025, Tue
✓ Done
Initiation of Refunds
01 Oct 2025, Wed
✓ Done
Credit of Shares
01 Oct 2025, Wed
✓ Done
Listing Day
03 Oct 2025, Fri
✓ Done
Quick Summary
Issue Price₹105
Face Value₹10
Lot Size1,200 Shares
Min. Investment₹252,000
Open Date25 Sep 2025
Close Date29 Sep 2025
Allotment30 Sep 2025
Listing Date03 Oct 2025
ExchangeBSE SME
GMP+₹89
Est. Listing₹194
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