Bookbuilding IPO | ₹27 Cr | Listed at BSE SME | Thu, Sep 25, 2025 - Mon, Sep 29, 2025
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 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 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 (2,400 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 25, 2025
IPO Close
Mon, Sep 29, 2025
Issue Price
₹105 per share
Market Cap (Pre-IPO)
₹102.80 Cr
| IPO Date | 25 to 29 Sep, 2025 |
| Listed on | Fri, Oct 3, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹105 |
| Issue Price | ₹105 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,94,400 shares (agg. up to ₹27 Cr) |
| Reserved for Market Maker | 1,30,800 shares Shreni Shares Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 24,63,600 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 24,63,600 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 71,95,748 shares |
| Share Holding Post Issue | 97,90,148 shares |
| BSE Script Code | 544544 |
| ISIN | INE0SRP01014 |
Telge Projects IPO comprises a total issue size of 25,94,400 shares. The net offer to the public is 24,63,600 shares, after excluding 1,30,800 shares allotted on a firm basis. Of the Net offer 12,25,200 (49.73%) are allocated to QIB, 3,72,000 (15.10%) allocated to NII 8,66,400 (35.17%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,25,200 | 49.73% | 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 | 15.10% | 14.34% |
| − bNII > ₹10L | 2,48,400 | 9.57% | |
| − sNII < ₹10L | 1,23,600 | 4.76% | |
| Retail Shares Offered | 8,66,400 | 35.17% | 33.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,30,800 | 5.04% | |
| Total Shares Offered | 25,94,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| 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 |
Telge Projects IPO raises ₹7.70 crore from anchor investors. Telge Projects IPO Anchor bid date is September 24, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 24, 2025 |
| Shares Offered | 7,33,200 |
| Anchor Portion (₹ Cr.) | 7.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 29, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 28, 2025 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.48 | 5.50 |
| P/E (x) | 14.04 | 19.1 |
| Promoter Holding | 97.28% | 71.50% |
| Market Cap | ₹102.80 Cr. |
The Telge Projects IPO is subscribed 2.99 times on September 29, 2025 5:05:00 PM (Day 3). The public issue subscribed 1.72 times in the individual investors category, 5.41 times in the QIB category, and 2.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 5.41 | 4,92,000 | 26,64,000 | 0 |
| NII* | 2.75 | 3,72,000 | 10,23,600 | 0 |
| bNII (bids above ₹10L) | 3.00 | 2,47,998 | 7,42,800 | |
| sNII (bids below ₹10L) | 2.26 | 1,24,002 | 2,80,800 | |
| Individual Investor | 1.72 | 8,66,400 | 14,92,800 | 0 |
| Total | 2.99 | 17,30,400 | 51,80,400 | 764 |
Total Application : 764
*Market Maker portion is not included to NII/HNI.
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 2.53 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.09 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review auditors, etc.) | 0.28 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹105.00 |
| Open | ₹108.10 |
| Low | ₹108.10 |
| High | ₹112.00 |
| Last Trade | ₹110.45 |
Lead Manager Reports
Telge Projects IPO is a SME IPO of 25,94,400 equity shares of the face value of ₹10 aggregating up to ₹27 Crores. The issue is priced at ₹105 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Sep 25, 2025, and closes on Mon, Sep 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 Thu, Sep 25, 2025 and closes on Mon, Sep 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 Wed, Oct 1, 2025. Check the Telge Projects IPO allotment status.
The Telge Projects IPO listing date is on Fri, Oct 3, 2025.
