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Telge Projects IPO
Price Band
₹95.0–105.0
Issue Size
₹27.24 Cr
Lot Size
1,200 shares
Min Investment
₹252,000
2 LOTS MIN
GMP
—
Issue Price
₹105.0
Telge Projects IPO AI Summary
- Telge Projects IPO is listed on BSE SME in the Civil Construction sector.
- Price band: ₹95.0–₹105.0 per share, lot size 1,200 shares (min. investment ₹252,000, 2 lots minimum).
- Subscription window: 25 Sep–29 Sep 2025, listing on 03 Oct 2025.
Telge Projects Ltd is a civil construction company engaged in engineering design services with a strong global presence. The IPO aims to raise ₹27.24 Cr to fund various growth initiatives. The company's financials show a positive trend in revenue and profit, and it is valued attractively compared to its peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Telge Projects IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 29 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Telge Projects IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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) Services Structural Engineering Design Services Material Take- Offs (MTO) 2D Drafting Services Architectural Services As on March 31, 2025, the company had 166 employees. Competitive Strengths: Deep domain expertise with software capabilities Long Standing Relationships with customers globally Leveraging the experience of our Promoter and Senior Managerial Personnel Established market setup and diversified service range Global Presence across various countries In-House Execution with Two-Shift Model Strategic Acquisitions
Company Financials (₹ Cr)
As of 2025-03-31
| 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 |
Key Ratios
EPS
₹7.48
NAV
₹16.00
ROE
67.29%
ROCE
56.22%
RoNW
47.46%
P/B Value
6.56
P/E Ratio
14.04
Market Cap
₹102.80 Cr
PAT Margin
21.45%
Debt/Equity
0.83
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Mold-Tek Technologies Limited | 41.21 | 10.34% | 38.32 | 4.26 |
| Telge Projects Ltd. This IPO | 16 | 47.46% | — | 7.6 |
Promoters
Shraddha Shailesh Telge
Objects of the Issue
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 Purposes 4.06 6 Issue Expenses 2.98 Total 27.24
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹7.51 Cr in the year ending March 31, 2023, increasing to ₹12.50 Cr by March 31, 2024, and further rising to ₹25.65 Cr by March 31, 2025. This indicates a strong upward trend in revenue over the three periods.
Profit Trend
Profit After Tax was ₹0.90 Cr for the year ending March 31, 2023, which rose to ₹2.66 Cr by March 31, 2024, and further increased to ₹5.38 Cr by March 31, 2025. This shows a consistent growth in profitability across the periods.
Valuation
Telge Projects Ltd. has an implied P/E of 14.04 at the issue price, while peers like Mold-Tek Technologies Limited have a P/E of 38.32. This positions Telge Projects at a lower valuation compared to its peer group.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares prior to their official listing. Grey market premium (GMP) indicates the expected listing price of an IPO compared to its issue price. A positive GMP suggests strong demand, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. Consideration of the company's financial health and market position is also essential.
Who May Want to Wait
Investors who are risk-averse or prefer stable income-generating investments may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on September 25, 2025, and closes on September 29, 2025. Allotment of shares is expected on September 30, 2025, with the listing date scheduled for October 3, 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand, and overall economic conditions. Investors should be prepared for the possibility of price volatility on the listing day.
This evaluation is generated from Telge Projects's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Telge Projects IPO?
The price band of Telge Projects IPO is ₹95.0–₹105.0 per share.
When does Telge Projects IPO open and close?
Telge Projects IPO opens on 25 September 2025 and closes on 29 September 2025.
When does Telge Projects IPO list on the stock exchange?
Telge Projects IPO listed on 03 October 2025 at ₹105.0.
What is the lot size for Telge Projects IPO?
The lot size for Telge Projects IPO is 1200 shares, requiring a minimum investment of ₹252,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹95.0 to ₹105.0.
What is the minimum investment amount?
The minimum investment amount is ₹252,000.
What is the lot size for the IPO?
The lot size for the IPO is 1200 shares.
When does the IPO open and close?
The IPO opens on September 25, 2025, and closes on September 29, 2025.
When is the listing date?
The listing date is scheduled for October 3, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Sep 2025
Close
29 Sep 2025
Allotment
30 Sep 2025
Listing
03 Oct 2025
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