Telge Projects IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 25 to Sep 29 2025
Price Band
₹95 - 105
Current GMP
₹0(0.00%)
Subscription
2.99 times
IPO Details
| 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 (aggregating up to ₹1.37 Cr)Shreni Shares Ltd. |
| 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 |
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 (aggregating up to ₹1.37 Cr)Shreni Shares Ltd.
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 5.41 |
| Non-Institutional Buyers*** | 2.75 |
| bNII (bids above ₹10L) | 3.00 |
| sNII (bids below ₹10L) | 2.26 |
| Individual Investors (IND category bidding for 2 Lots) | 1.72 |
| Total ** | 2.99 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
5.41
Non-Institutional Buyers***
2.75
bNII (bids above ₹10L)
3.00
sNII (bids below ₹10L)
2.26
Individual Investors (IND category bidding for 2 Lots)
1.72
Total **
2.99
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 25, 2025 | 0.00 | 0.37 | 0.48 | 0.15 | 0.09 | 0.12 |
| Day 2 Sep 26, 2025 | 0.25 | 0.26 | 0.20 | 0.39 | 0.15 | 0.20 |
| Day 3 Sep 29, 2025 | 5.41 | 2.75 | 3.00 | 2.26 | 1.72 | 2.99 |
DayDay 1
Sep 25, 2025
QIB (Ex Anchor)0.00
NII*0.37
NII (> ₹10L)0.48
NII (< ₹10L)0.15
Individual Investors0.09
Total0.12
DayDay 2
Sep 26, 2025
QIB (Ex Anchor)0.25
NII*0.26
NII (> ₹10L)0.20
NII (< ₹10L)0.39
Individual Investors0.15
Total0.20
DayDay 3
Sep 29, 2025
QIB (Ex Anchor)5.41
NII*2.75
NII (> ₹10L)3.00
NII (< ₹10L)2.26
Individual Investors1.72
Total2.99
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-10-2025 | 105.00 | 0(0.00%) | 105 |
| 02-10-2025 | 105.00 | 0(0.00%) | 105 |
| 01-10-2025 | 105.00 | 0(0.00%) | 105 |
| 30-09-2025 | 105.00 | 0(0.00%) | 105 |
| 29-09-2025 | 105.00 | 0(0.00%) | 105 |
| 28-09-2025 | 105.00 | 0(0.00%) | 105 |
| 27-09-2025 | 105.00 | 0(0.00%) | 105 |
| 26-09-2025 | 105.00 | 0(0.00%) | 105 |
| 25-09-2025 | 105.00 | 0(0.00%) | 105 |
| 24-09-2025 | 105.00 | 0(0.00%) | 105 |
| 23-09-2025 | 105.00 | 0(0.00%) | 105 |
| 22-09-2025 | 105.00 | 0(0.00%) | 105 |
| 21-09-2025 | 105.00 | 0(0.00%) | 105 |
| 20-09-2025 | 105.00 | 0(0.00%) | 105 |
| 19-09-2025 | 105.00 | 0(0.00%) | 105 |
| 18-09-2025 | 105.00 | 0(0.00%) | 105 |
| 17-09-2025 | 105.00 | 0(0.00%) | 105 |
Date03-10-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date02-10-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date01-10-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date30-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date29-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date28-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date27-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date26-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date25-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date24-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date23-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date22-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date21-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date20-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date19-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date18-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
Date17-09-2025
Price105.00
GMP0(0.00%)
Estimate List Price105
IPO Important Dates
| 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 |
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
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,400
Amount₹2,52,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,400
Amount₹2,52,000
ApplicationS-HNI (Min)
Lots3
Shares3,600
Amount₹3,78,000
ApplicationS-HNI (Max)
Lots7
Shares8,400
Amount₹8,82,000
ApplicationB-HNI (Min)
Lots8
Shares9,600
Amount₹10,08,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202525.56
31 Mar 202410.37
31 Mar 20235.88
Period EndedTotal Income
31 Mar 202525.65
31 Mar 202412.50
31 Mar 20237.51
Period EndedProfit After Tax
31 Mar 20255.38
31 Mar 20242.66
31 Mar 20230.90
Period EndedEBITDA
31 Mar 20258.27
31 Mar 20243.81
31 Mar 20231.46
Period EndedNET Worth
31 Mar 202511.34
31 Mar 20244.66
31 Mar 20232.09
Period EndedReserves and Surplus
31 Mar 202510.31
31 Mar 20243.66
31 Mar 20231.09
Period EndedTotal Borrowing
31 Mar 20259.38
31 Mar 20242.76
31 Mar 20232.50
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| Telge Projects Ltd. | 7.60 | 16.00 | 47.46 | ||
| Mold-Tek Technologies Limited | 4.26 | 41.21 | 38.32 | 10.34 | 3.98 |
Company NameTelge Projects Ltd.
EPS (Basic)7.60
NAV (per share) (Rs)16.00
P/E (x)
RoNW (%)47.46
P/BV Ratio
Company NameMold-Tek Technologies Limited
EPS (Basic)4.26
NAV (per share) (Rs)41.21
P/E (x)38.32
RoNW (%)10.34
P/BV Ratio3.98
IPO Reservation
| 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 | 2,47,998 (9.56%) |
| − sNII < ₹10L | 1,24,002 (4.78%) |
| Retail Shares Offered | 8,66,400 (33.40%) |
| Total Shares Offered | 25,94,400 (100.00%) |
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
2,47,998 (9.56%)
− sNII < ₹10L
1,24,002 (4.78%)
Retail Shares Offered
8,66,400 (33.40%)
Total Shares Offered
25,94,400 (100.00%)
Information about 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
Objectives of IPO
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
Disclaimer
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