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Telge Projects IPO
3.06xsubscribed

Telge Projects IPO

Engineering - Construction
listed
₹2.28LMin. investment

Telge Projects Limited IPO Details

SectorEngineering - Construction
Price range₹95.00 – ₹105
IPO type
SME
Lot size1200 shares
Issue size₹27Cr
Red Herring Prospectus
Read
Market cap
₹102.8CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹25.08CrLower than sector avg
Growth rate3Y CAGR
83.60%Higher than sector avg

Telge Projects IPO Subscription Status

Date
QIB
NII
Retail
Total
25-Sep-25
0.0 times (X)
0.37 times (X)
0.09 times (X)
0.12 times (X)
26-Sep-25
0.0X
0.61X
0.15X
0.28X
29-Sep-25
0.35X
2.62X
1.7X
3.06X

As on 25-Sep-25, 5:30 PM

Telge Projects IPO Timeline

  1. Pre-apply
    24 Sep 2025
  2. Bid start
    25 Sep 2025
  3. Bid end
    29 Sep 2025
  4. Allotment
    30 Sep 2025
  5. Release of funds
    1 Oct 2025
  6. Demat transfer
    1 Oct 2025
  7. Listing
    3 Oct 2025

About Telge Projects Limited

Incorporated in January 2018, Telge Projects Limited is engaged in a comprehensive range of engineering design services through two primary frameworks - structural steel, which accounted for 81.81% of FY25 revenue and pre-cast concrete. The company offers two types of contracts with five core services. Building Information Modelling (BIM) services constituted 83.91% of revenue, followed by structural engineering design services at 7.08% in FY25. Sector-wise, the Institutional sector led with 55.77% of revenue, followed by Industrial at 14.71%. The company has a presence across 11 countries, with revenue led by the USA (69.65%) and the UK (11.74%) in FY25, while domestically present in Maharashtra and Odisha, together contributing 1.04%. In FY25, the company’s order book stood at ₹4.42 crore across 81 projects.

Checklist

Quality analysis
Revenue growth
Company valuation
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Risk analysis
Debt to Equity ratio
Promoter holdings
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Objectives of Telge Projects Limited IPO

Capital expenditure
41.00%
The company will use ₹11.17 crore to purchase additional office premises, equipment and software
General corporate purposes
25.80%
Part of the IPO proceeds will be used for general corporate purposes.
Investment in subsidiary
17.84%
The company will use ₹4.86 crore for investment in its subsidiary Telge Projects Inc.
Hiring Manpower
15.35%
The company will use ₹4.18 crore for the hiring of manpower.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹25.08Cr83.60%₹5.38Cr₹102.8Cr13.820.83
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Telge Projects IPO Contact Details

Company NameTelge Projects Limited

How to apply for Telge Projects IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Telge Projects Limited IPO FAQs