Telge Projects Limited is a fast-growing engineering design services company delivering advanced solutions to the Architecture, Engineering, and Construction (AEC) industry. Incorporated in 2018 and later converted into a public limited company in 2024, the company has built a strong reputation for its technology-driven design and detailing expertise.
The company provides a comprehensive suite of engineering design services, including:
- Building Information Modeling (BIM)
- Structural Engineering Design
- Material Take-Offs (MTO)
- 2D Drafting & Architectural Design
By leveraging modern methodologies such as BIM, Telge Projects ensures efficient, accurate, cost-effective, and seamless project execution compared to traditional 2D processes. The company is also ISO 9001:2015 certified, specializing in 3D modeling and detailing of precast and steel structures for civil and construction projects.
Telge Projects primarily caters to EPC (Engineering, Procurement, and Construction) firms, fabricators, and contractors. It executes projects under two models:
- Fixed Price Contracts
- Time & Material (T&M) Contracts
Its clientele spans multiple sectors including commercial, industrial, infrastructure, institutional, and residential projects, across both domestic and international markets.
The company has successfully executed projects across 11 countries, including Australia, Canada, Ireland, Latvia, Malaysia, New Zealand, Poland, Singapore, Sweden, the UK, and the USA. To strengthen its international presence, it acquired a US-based subsidiary, Telge Projects Inc., along with further expansions through Midwest Detailing Inc. (Oklahoma) and Draftco Inc. (Texas).
As of March 31, 2025, Telge Projects is working on 81 ongoing projects, representing an aggregate order book value of ₹442.01 lakhs, showcasing its robust business pipeline and execution capability.
Telge Projects IPO – Details
| IPO Opening Date | 25 September 2025 |
| IPO Closing Date | 29 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 25,94,400 Shares Worth ₹27.24 Crore Fresh Issue: 25,94,400 Shares Worth ₹27.24 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹95 – ₹105 per share |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Telge Projects IPO – Date Schedule
| IPO Open Date | 25 September 2025 |
| IPO Close Date | 29 September 2025 |
| Basis of Allotment | 30 September 2025 |
| Initiation of Refund | 01 October 2025 |
| Credit of Shares to Demat | 01 October 2025 |
| IPO Listing Date | 03 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2025 |
Telge Projects IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,52,000 |
| 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 |
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 Promoters
- Ms. Shraddha Shailesh Telge
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2024 | ₹12.50 Cr | ₹8.90 Cr | ₹2.66 Cr | ₹2.76 Cr |
| 31 March 2025 | ₹25.65 Cr | ₹18.54 Cr | ₹5.38 Cr | ₹9.38 Cr |
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.48 | 5.50 |
| P/E (x) | 14.04 | 19.1 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding of Capital expenditure towards purchase of additional office premises at Pune, Maharashtra; | ₹8.95 |
| Funding of capital expenditure requirements towards Purchase of computers, laptops, other related accessories and Purchase of software subscriptions; | ₹2.44 |
| Hiring of Manpower in the Company. | ₹4.18 |
| Investment in subsidiary for hiring Manpower in Telge Projects Inc. | ₹4.86 |
| General Corporate Purposes. | – |
✅Strengths
- Wide range of services (BIM, structural design, drafting, MTO).
- ISO 9001:2015 certified for quality and precision.
- Global presence with projects in 11 countries.
- Strong order book of ₹442.01 lakhs (81 projects as of March 2025).
- Strategic US acquisitions boosting international reach.
⚠️Risks
- Project execution delays may impact reputation.
- High reliance on EPC firms and specific sectors.
- Exposure to tax/regulatory liabilities.
- Dependence on overseas subsidiaries for growth.
- No formal dividend policy, payouts uncertain.
Telge Projects IPO Promoter Holding
| Pre Issue Share Holding | 97.28% |
| Post Issue Share Holding | 71.50% |
Telge Projects IPO Prospectus
Company Contact Information
| Telge Projects Ltd. Unit No. 502A, 5th floor, Om Chambers, Plot No. T-29, 30, 31, T Block, Bhosari I.E., Pune, Maharashtra Pune, Maharashtra, 411026 Phone: +91 7757950799 Email: compliance@telgeprojects.com Website: https://telgeprojects.com/ |
Telge Projects IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Telge Projects IPO Lead Manager(s)
| 1. Smart Horizon Capital Advisors Pvt.Ltd. |
Telge Projects IPO FAQ
| What is Telge Projects IPO? Telge Projects IPO is an SME IPO. The issue is priced at ₹95 – ₹105 per equity share. The IPO is to be listed on BSE SME. |
| When Telge Projects IPO will open? The IPO is to open on 25 September 2025 for QIB, NII, and Retail Investors. |
| What is Telge Projects IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Telge Projects IPO Size? Telge Projects IPO size is ₹27.24 Crore. |
| What is Telge Projects IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2400 Shares with ₹2,52,000 amount, while the maximum bid is 2400 Shares with ₹2,52,000. |
| What is the Telge Projects IPO Allotment Date? Telge Projects IPO allotment date is 30 September 2025. |
| What is the Telge Projects IPO Listing Date? Telge Projects IPO listing date is 03 October 2025. The IPO is to be listed on the BSE SME. |
