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Telge Projects Ltd. 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 bidding started from Sep 25, 2025 and ended on Sep 29, 2025. The allotment for Telge Projects IPO was finalized on Sep 30, 2025. The shares got listed on BSE SME on Oct 3, 2025.
Telge Projects IPO price band is set at ₹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..
Refer to Telge Projects IPO RHP for detailed Information.
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | October 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 to ₹105 per share |
| Issue Price Final | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,94,400 shares (aggregating up to ₹27.24 Cr) |
| Reserved for Market Maker | 1,30,800 shares Shreni Shares Ltd. (aggregating up to ₹1.37 Cr) |
| Net Offered to Public | 24,63,600 shares (aggregating up to ₹25.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 71,95,748 shares |
| Share Holding Post Issue | 97,90,148 shares |
Telge Projects IPO offers total 25,94,400 shares. Out of which 12,25,200 (47.22%) allocated to QIB, 4,92,000 (18.96%) allocated to QIB (Ex- Anchor), 3,72,000 (14.34%) allocated to NII 8,66,400 (33.40%) allocated to RII and 7,33,200 (28.26%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,30,800 (5.04%) |
| QIB Shares Offered | 12,25,200 (47.22%) |
| − Anchor Investor Shares Offered | 7,33,200 (28.26%) |
| − QIB (Ex. Anchor) Shares Offered | 4,92,000 (18.96%) |
| NII (HNI) Shares Offered | 3,72,000 (14.34%) |
| − bNII > ₹10L | 2,48,400 (9.57%) |
| − sNII < ₹10L | 1,23,600 (4.76%) |
| Retail Shares Offered | 8,66,400 (33.40%) |
| Total Shares Offered | 25,94,400 (100.00%) |
Telge Projects IPO raises ₹7.70 crore from anchor investors. Telge Projects IPO Anchor bid date is September 24, 2025. Telge Projects IPO Anchor Investors list
| Bid Date | September 24, 2025 |
| Shares Offered | 7,33,200 |
| Anchor Portion Size (In Cr.) | 7.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 28, 2025 |
Telge Projects IPO opens on September 25, 2025, and closes on September 29, 2025.
| IPO Open Date | Thu, Sep 25, 2025 |
| IPO Close Date | Mon, Sep 29, 2025 |
| Tentative Allotment | Tue, Sep 30, 2025 |
| Initiation of Refunds | Wed, Oct 1, 2025 |
| Credit of Shares to Demat | Wed, Oct 1, 2025 |
| Tentative Listing Date | Fri, Oct 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 29, 2025 |
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 | 2,400 | ₹2,52,000 |
| Individual investors (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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As on March 31, 2025, the company had 166 employees.
Competitive Strengths:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 25.56 | 10.37 | 5.88 |
| Total Income | 25.65 | 12.50 | 7.51 |
| Profit After Tax | 5.38 | 2.66 | 0.90 |
| EBITDA | 8.27 | 3.81 | 1.46 |
| NET Worth | 11.34 | 4.66 | 2.09 |
| Reserves and Surplus | 10.31 | 3.66 | 1.09 |
| Total Borrowing | 9.38 | 2.76 | 2.50 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | ₹102.80 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.48 | 5.50 |
| P/E (x) | 14.04 | 19.1 |
The Company Telge Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding of Capital expenditure towards purchase of additional office premises at Pune, Maharashtra; | 8.73 |
| 2 | Funding of capital expenditure requirements towards Purchase of computers, laptops, other related accessories and Purchase of software subscriptions; | 2.44 |
| 3 | Hiring of Manpower in the Company | 4.18 |
| 4 | Investment in subsidiary for hiring Manpower in Telge Projects Inc | 4.86 |
| 5 | General Corporate Purpose | 4.06 |
[Dilip Davda] TPL is engaged in comprehensive range of engineering design services based on latest technology. It marked growth in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment. Small paid-up equity post-IPO indicates longer gestation for migration. Based on its latest financial data, the issue appears aggressively priced. Only well-informed/cash surplus/risk seekers may park moderate funds for medium term. Read detail review...
The data for 2023 has been taken from the standalone financials, while the data for 2024 and 2025 has been taken from the consolidated financials.
| Listing Date | October 3, 2025 |
| BSE Script Code | 544544 |
| NSE Symbol | |
| ISIN | INE0SRP01014 |
| Final Issue Price | ₹105 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹108.10 |
| Low | ₹108.10 |
| High | ₹112.00 |
| Last Trade | ₹110.45 |
Telge Projects Ltd.
Unit No. 502A, 5th floor, Om Chambers,
Plot No. T-29, 30, 31,
T Block, Bhosari I.E.,
Pune, Maharashtra, 411026
Phone: +91 7757950799
Email: compliance@telgeprojects.com
Website: https://telgeprojects.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Telge Projects IPO is a SME IPO of 25,94,400 equity shares of the face value of ₹10 aggregating up to ₹27.24 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on September 25, 2025, and closes on September 29, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Telge Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Telge Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Telge Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Telge Projects IPO opens on September 25, 2025 and closes on September 29, 2025.
Telge Projects IPO lot size is 1200, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.
You can apply in Telge Projects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Telge Projects IPO will be done on Tuesday, September 30, 2025, and the allotted shares will be credited to your demat account by Wednesday, October 1, 2025. Check the Telge Projects IPO allotment status.
The Telge Projects IPO listing date is on Friday, October 3, 2025.
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