Telge Projects IPO is a book-built issue worth ₹27.24 crore, consisting entirely of a fresh issue of 25.94 lakh equity shares. The IPO opens for subscription on September 25, 2025, and closes on September 29, 2025. The tentative basis of allotment is scheduled for September 30, 2025, with refunds and credit of shares to demat accounts expected by October 1, 2025. The shares are proposed to list on the BSE SME platform on October 3, 2025.
The IPO is priced in a band of ₹95 – ₹105 per share, and retail investors must apply for a minimum of 1 lot of 1,200 shares, requiring an investment of ₹1,26,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager, while Bigshare Services Private Limited is the registrar to the issue.
For detailed information on financials, business operations, and risks, investors should refer to the Telge Projects IPO RHP.
Industry Outlook
- The Indian infrastructure and construction sector is witnessing steady expansion, fuelled by the government’s emphasis on housing, urban development, and industrial growth. Construction remains one of the largest sectors of the economy, contributing significantly to GDP and employment generation. With India aiming to become a USD 5 trillion economy, investment in infrastructure is viewed as a cornerstone for sustained growth.
- Government schemes such as “Housing for All”, the Pradhan Mantri Awas Yojana (PMAY), and the Smart Cities Mission are creating demand for affordable housing and planned urban spaces. Alongside, industrial corridors, metro rail projects, and modernisation of public utilities are providing opportunities for contractors and engineering service providers. This expanding scope has been reinforced by rising budgetary allocations to infrastructure in successive Union Budgets.
- The construction equipment industry, which complements this sector, is also evolving with a push towards mechanisation and efficiency. Demand for high-quality project execution, timely delivery, and safety compliance is shaping the business environment for construction and engineering firms. Increasing private sector participation and Public–Private Partnerships (PPPs) in roads, housing, and power projects have further broadened the addressable market.
- Competition within the industry is diverse, ranging from large national players with multi-segment operations to smaller regional firms focusing on niche markets. Success in this sector depends on financial strength, operational efficiency, and the ability to adapt to evolving technologies. For specialised contractors, opportunities lie in aligning with government priorities and leveraging regional expertise to capture emerging projects.
Telge Projects IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Enhance working capital requirements to support ongoing projects and strengthen financial flexibility. This will enable timely execution of contracts and efficient management of raw materials, labour, and operational costs.
- Purchase of equipment and machinery to improve operational capacity and support expansion in civil construction and engineering projects. The investment in modern tools is expected to improve productivity and project turnaround time.
- Repayment and prepayment of certain outstanding borrowings to reduce interest burden and improve the overall debt position of the company. This step is aimed at reinforcing the balance sheet and supporting sustainable growth.
- General corporate purposes, including administrative expenses, brand development, and other strategic initiatives, will be covered to strengthen the company’s long-term market presence and competitiveness.
About Telge Projects Limited
Telge Projects Limited was originally incorporated as Telge Projects Private Limited on October 19, 2024, under the Companies Act, 2013. It was subsequently converted into a public limited company and renamed Telge Projects Limited on January 2, 2024, following a special resolution passed on December 18, 2023.
The company is engaged in providing a comprehensive range of engineering design services, including Building Information Modelling (BIM), structural engineering design, material take-offs (MTO), 2D drafting, and architectural design. Its services are tailored to support seamless project execution for engineering, procurement, and construction (EPC) firms, fabricators, and contractors.
Telge Projects Limited serves clients across commercial, industrial, infrastructure, institutional, and residential sectors, both in India and internationally. Domestically, the company has established a presence in Maharashtra and Odisha. Internationally, it exports services to over eleven countries, including the United States, United Kingdom, Australia, Canada, and Singapore.
With a strong emphasis on modern methodologies and digital engineering practices, the company aims to deliver accurate, cost-effective, and timely solutions. Its growth strategy is driven by technological innovation, operational efficiency, and a commitment to client satisfaction.
How To Check the Allotment Status of the Telge Projects IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Telge Projects IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Telge Projects IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Telge Projects IPO
Registered office: Unit No. 502A, 5th Floor, Om Chambers, Plot No. T-29, 30, 31, T Block, Bhosari Industrial Estate, Pune, Pune City, Maharashtra – 411026, India.
Phone: +91 77579 50799
E-mail: compliance@telgeprojects.com
Telge Projects IPO Reservation
|
Investor Category |
Shares Offered |
|
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%) |
|
Retail Shares Offered |
8,66,400 (33.40%) |
|
Total Shares Offered |
25,94,400 (100.00%) |
|
Retail Shares Offered |
17,98,400 (33.94%) |
|
Total Shares Offered |
52,99,200 (100.00%) |
Telge Projects IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
2 |
2,400 |
₹2,72,000 |
|
Individual investors (Retail) (Max) |
2 |
2,400 |
₹2,72,000 |
|
S-HNI (Min) |
3 |
3,600 |
₹4,08,000 |
|
S-HNI (Max) |
7 |
8,400 |
₹9,52,000 |
|
B-HNI (Min) |
8 |
9,600 |
₹10,88,000 |
Telge Projects IPO Promoter Holding
The promoter of the company is Ms Shraddha Shailesh Telge.
|
Share Holding Pre-Issue |
97.28% |
|
Share Holding Post Issue |
71.50% |
Key Performance Indicators for Telge Projects IPO
The market capitalisation of Telge Projects IPO is ₹169.35 Cr. Here are the KPIs of Telge Projects:
|
KPI |
Value |
|
EBITDA Margin (%) |
32.97 |
|
PAT Margin (%) |
21.45 |
|
Return on Equity (RoE) (%) |
67.29 |
|
Return on Capital Employed (ROCE) (%) |
56.21 |
Telge Projects IPO Prospectus
Telge Projects IPO Registrar and Lead Managers
Telge Projects IPO Lead Managers
- Smart Horizon Capital Advisors Private Limited
Registrar for Telge Projects IPO
Bigshare Services Private Limited
- Contact Number: 022-6263 8200
Email Address:ipo@bigshareonline.com
Telge Projects IPO Registrar
Know before investing
Strengths
8Deep domain expertise in engineering design, with advanced software capabilities such as Building Information Modelling (BIM).
Long-standing global client relationships across commercial, industrial, and infrastructure sectors.
Experienced promoter and management team with a proven track record in the engineering industry.
Established market presence and a diversified range of services, including structural design, MTO, and architectural drafting.
Strong international footprint, exporting services to over eleven countries, including the USA, UK, and Australia.
In-house execution with a two-shift model, maximising productivity and efficient use of resources.
Strategic acquisitions in the USA, strengthening presence in North America and expanding the client base.
Consistent project delivery for both small-scale and complex assignments, supporting long-term business growth and client retention.
Risks
8A significant portion of revenue depends on a few key customers.
Reliance on short-term project flow may affect revenue stability.
Delays or quality issues from software vendors could disrupt operations.
Design changes and client delays may impact timelines and profitability.
Major revenue from USA and Australia exposes the company to regional risks.
International operations are vulnerable to currency fluctuations.
Software defects or configuration errors could lead to financial losses and litigation.
Evolving laws and tax interpretations may adversely affect operations and compliance.
