- Issue price
- ₹105per share
- Issue size
- ₹27.24 Cr25,94,400 shares
- Face value
- ₹10per equity share
- Lot size
- 1,200 sharesMin. ₹1.26 L at the upper price
- Anchor biddingWed, 2025
- OpensThu, 2025
- ClosesMon, 2025
- AllotmentTue, 2025
- ListingFri, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 25,94,400 shares (₹27.24 Cr)
- Offer for sale
- None
- Total issue
- 25,94,400 shares (₹27.24 Cr)
- Market maker portion
- 1,30,800 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 97.28% → 71.50%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail41.2%
- Anchor34.9%
- NII17.7%
- Market maker6.2%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 8,66,400 | 43.94% | 35% |
| Non-institutional investors (NII) | 3,72,000 | 18.87% | 15% |
| Qualified institutional buyers (QIB) | 12,25,200 | 62.14% | 50% |
| Anchor investors | 7,33,200 | 37.19% | — |
| Market maker | 1,30,800 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹105 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 2,400 | ₹2.52 L |
| Small NII (₹2–10 lakh) | 3 | 3,600 | ₹3.78 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
Fiscal 2025- EPS (basic)
- ₹7.6
- P/E (Fiscal 2025 at cap price)
- 13.82×
- RoNW
- 47.46%
- NAV per share (Fiscal 2025 post bonus)
- ₹16
- NAV per share (After issue at cap price)
- ₹36.36
- ROCE
- 56.22%
- Debt to equity
- 0.83
- EBITDA margin
- 32.97%
- PAT margin
- 21.45%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 202512 months | 31 Mar 202412 months | 31 Mar 202312 months |
|---|---|---|---|
| Revenue from operations | 25.08 | 12.41 | 7.44 |
| Total income | 25.65 | 12.50 | 7.51 |
| EBITDA | 8.27 | 3.81 | 1.46 |
| Profit after tax | 5.38 | 2.66 | 0.90 |
| Net worth | 11.34 | 4.66 | 2.09 |
| Reserves and surplus | 10.31 | 3.66 | 1.09 |
| Total assets | 25.56 | 10.37 | 5.88 |
| Total borrowing | 9.38 | 2.76 | 2.50 |
12 months vs 12 months: revenue +102.1%, profit after tax +102.6%.
Source: ProspectusUpdated
About the company
The company provides engineering design services for the construction sector, including building information modeling (BIM), structural engineering design, material take-offs and 2D/architectural drafting. It serves EPC firms, fabricators and contractors, and exports most of its services, mainly to the USA, UK and Australia, through a subsidiary in the USA.
- Incorporated
- 2018
- Industry
- Engineering Design Services
- Sector
- Business Services
- CIN
- U29256PN2018PLC174381
- Website
- telgeprojects.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Ms. Shraddha Shailesh Telge | 97.28% | 71.50% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of additional office premises in Pune | 8.73 |
| Purchase of computers, laptops and software subscriptions | 2.44 |
| Hiring of manpower | 4.18 |
| Investment in subsidiary Telge Projects Inc for hiring manpower | 4.86 |
| General corporate purposes | 4.06 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Telge Projects LimitedIssuer | ₹7.6 | 13.82× | 47.46% | ₹16 |
| Mold-Tek Technologies Limited | ₹4.26 | 38.32× | 10.34% | ₹41.21 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Offers a wide range of BIM and structural engineering design services.
- Earns most revenue from export markets, with a subsidiary in the USA.
- Has long-standing client relationships and an established operating base in Pune.
- Revenue and profit grew across FY2023 to FY2025 on the restated figures.
- Uses industry-standard design software and holds ISO 9001:2015 certification.
Risks
- Top 10 customers accounted for about 63% of FY2025 revenue from operations.
- Revenue is concentrated in the USA, UK and Australia, which together were over 80% of revenue.
- About 86% of FY2025 revenue came from work done on Tekla Structures software, which has no long-term contract with its supplier.
- Discrepancies and non-compliances in some financial records and statutory filings may affect revenue.
- Proceeds are planned for an office purchase where no definitive agreement has yet been signed.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹105) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Telge Projects IPO open and close?
According to the Prospectus, the issue opens on Thursday, 25 September 2025 and closes on Monday, 29 September 2025.
What is the Telge Projects IPO price band?
The final issue price is ₹105 per share.
What is the lot size of the Telge Projects IPO?
One lot is 1,200 shares, which is ₹1.26 L at ₹105 per share.
Where will Telge Projects shares list?
On BSE SME. The tentative listing date is Friday, 3 October 2025.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Telge Projects IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 30 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹8.73 Cr for purchase of additional office premises in Pune, ₹2.44 Cr for purchase of computers, laptops and software subscriptions, ₹4.18 Cr for hiring of manpower, ₹4.86 Cr for investment in subsidiary Telge Projects Inc for hiring manpower, ₹4.06 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.