As India’s IPO market heats up in 2025, Telge Projects Ltd. presents an exciting opportunity for investors. Known for its engineering design services, the company has witnessed impressive growth in revenue and profit. With its IPO opening for subscription on September 25, 2025, it offers investors a chance to participate in the firm’s global expansion and rising industry demand. Here is a detailed breakdown of Telge Projects Ltd., its IPO details, and the company’s promising outlook.
About Telge Projects Ltd.
Incorporated on January 16, 2018, Telge Projects Ltd. is an engineering design company that offers a range of services to EPC firms, fabricators, and contractors. The company specializes in Building Information Modeling (BIM) services, structural engineering design, material take-offs, 2D drafting services, and architectural services.
With a track record of executing projects across 11 countries, including Australia, Canada, USA, and the UK, Telge Projects has earned a reputation for delivering accurate, cost-effective, and timely engineering design solutions.
In FY2023-25, the company expanded its footprint by acquiring a subsidiary, Telge Projects Inc., in the USA. As of March 31, 2025, the company employed 166 people and is set to grow its workforce further with IPO proceeds.
Competitive Strengths:
- Deep domain expertise and strong software capabilities
- Strong, long-standing client relationships
- Established market presence in multiple countries
- In-house execution with two-shift operations
- Strategic acquisitions and expanding global reach
Telge Projects IPO Details
The Telge Projects IPO is a book-building issue of ₹27.24 crores, entirely a fresh issue comprising 0.26 crore shares. The company intends to utilize the proceeds for various strategic initiatives such as expanding its facilities, purchasing office equipment, and investing in its U.S. subsidiary.
IPO Timeline:
| Event | Date (Tentative) |
| IPO Open Date | Sep 25, 2025 |
| IPO Close Date | Sep 29, 2025 |
| Tentative Allotment | Sep 30, 2025 |
| Initiation of Refunds | Oct 1, 2025 |
| Credit of Shares to Demat | Oct 1, 2025 |
| Tentative Listing Date | Oct 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 29, 2025 |
Key IPO Details:
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹95 – ₹105 per share |
| Lot Size | 1,200 shares |
| Sale Type | Fresh Issue |
| 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 |
| Shareholding Pre-Issue | 71.96 lakh shares |
| Shareholding Post-Issue | 97.90 lakh shares |
Investor Category Reservation:
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,30,800 (5.04%) |
| QIB Shares Offered | 12,25,200 (47.22%) |
| 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%) |
Lot Size & Investment:
| 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 |
Telge Projects Ltd. Financials
Financial Highlights (₹ Crore):
| 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 & Surplus | 10.31 | 3.66 | 1.09 |
| Total Borrowing | 9.38 | 2.76 | 2.50 |
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Key Performance Indicators (FY2025):
| KPI | Values |
| Market Capitalisation | ₹102.80 Cr |
| ROE (Return on Equity) | 67.29% |
| ROCE (Return on Capital Employed) | 56.22% |
| Debt/Equity | 0.83 |
| RoNW (Return on Net Worth) | 47.46% |
| PAT Margin | 21.45% |
| EBITDA Margin | 32.97% |
| Price to Book Value | 6.56 |
| EPS Pre-IPO | ₹7.48 |
| EPS Post-IPO | ₹5.50 |
| P/E Pre-IPO | 14.04x |
| P/E Post-IPO | 19.1x |
Telge Projects IPO Objectives
The company intends to utilise the IPO proceeds as follows:
| Object | Amount (₹ Crore) |
| Funding Capital Expenditure for office premises in Pune | 8.73 |
| Purchase of computers, software subscriptions | 2.44 |
| Hiring of Manpower | 4.18 |
| Investment in U.S. subsidiary | 4.86 |
| General Corporate Purposes | Balance |
Industry Outlook
The engineering services industry is on the rise as global infrastructure and construction projects continue to expand. The BIM and structural engineering design services provided by Telge Projects are crucial in the modern construction and development landscape, with significant demand from sectors like EPC and contracting firms across various nations.
As more countries develop their infrastructure, companies like Telge Projects that provide efficient, accurate, and cost-effective services will see increasing opportunities. The company’s global reach and successful track record further position it to capitalize on these opportunities.
Telge Projects IPO: Peer Comparison
Telge Projects Ltd. competes with Mold-Tek Technologies Limited, both offering specialised services in engineering and manufacturing. While Telge Projects focuses on engineering design services like BIM and structural engineering with a global presence, Mold-Tek Technologies excels in plastic packaging and construction solutions. Both companies share a commitment to quality and innovation, catering to diverse industries with a strong customer base. For more details on Mold-Tek’s performance, check out its IPO page.
Conclusion
Telge Projects Ltd. is an emerging leader in the engineering services industry, and its IPO presents an exciting investment opportunity. With impressive financial growth, strategic acquisitions and a global presence, the company is poised for future expansion. However, potential investors should consider risks such as reliance on the global economy and the competitive pressures in the engineering sector.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
