- POSITIVE
Annual Revenue Telge Projects Mar-2026 Annual Revenue is Rs 21 Cr which is growth of 21.1% YoY.
- NEGATIVE
Annual Net Profit Telge Projects Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of -29.8% YoY.
Telge Projects was incorporated on January 16, 2018. The company provides engineering design services, including BIM, structural design, MTO, 2D drafting, and architectural design, with a focus on modern, digital methodologies over traditional manual approaches. By leveraging BIM’s 3D modelling and collaborative workflows, it delivers accurate, cost-effective, and timely solutions to EPC firms, fabricators, and contractors, ensuring seamless project execution and improved outcomes
| Bidding Dates |
|---|
| 25 Sep 2025 - 29 Sep 2025 |
| Subscription |
|---|
| 2.86x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹228,000 | 2 | 2 | 1200 | 2.6 M | ₹95 - ₹105 | 71.5 % | ₹246.5 M - ₹272.4 M | RHP DOC |
Telge Projects IPO SUBSCRIPTION STATUS
29 Sep '25Total2.86x
Retail Individual Investor2.31x
HNI (NII) Investors4.13x
Qualified Institutional Buyers2.86x
Telge Projects IPO overall subscription rate was 2.86 times the total available shares
Telge Projects IPO retail subscription rate was 2.31 times in the retail segment
Telge Projects IPO non-institutional investor subscription rate was 4.13 times in the non-institutional investor category
Telge Projects IPO Qualified Institutional Bidder subscription rate was 2.86 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
29 Sep 2025 (Day 3) | 2.31x | 4.13x | 2.86x |
26 Sep 2025 (Day 2) | 0.2x | 0.82x | 0.13x |
25 Sep 2025 (Day 1) | 0.11x | 0.49x | 0x |
Telge Projects FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 25.1 | 5.4 | 3.3 | -3.5 | 33.0% |
| FY24 | 12.4 | 2.7 | 3.1 | 2.9 | 30.7% |
| FY23 | 7.4 | 0.9 | 0.6 | 0.6 | 19.6% |
| Note: FY23 financials are standalone basis | |||||
Telge Projects IPO SUBSCRIPTION STATUS DETAILS
Telge Projects had 2.6 M shares on offer
Telge Projects IPO offer price was in the range ₹95 - ₹105
Telge Projects IPO minimum Investment was ₹228000
Telge Projects IPO issue size was ₹ 246.5 M - ₹ 272.4 M
Telge Projects had a minimum lot size of 1200 Shares per application
Telge Projects NUMBER OF SHARES ON OFFER
Total2.6 M
Fresh Issue2.6 M
Offer for Sale0
Post Issue Promoter Holding %71.5 %
Telge Projects IPO IMPORTANT DATES
| Issue Open Date | 25 Sep 2025 |
| Issue close Date | 29 Sep 2025 |
| Allotment Date | 30 Sep 2025 |
| Refund Date | 01 Oct 2025 |
| Demat Account Credit Date | 01 Oct 2025 |
| Listing Date | 03 Oct 2025 |
| Listing on Exchange(s) | BSE |
| Telge Projects Allotment Status | Exchange/ Registrar |
Telge Projects IPO subscription opened on 25 Sep 2025, and closed on 29 Sep 2025
IPO allotment for Telge Projects was finalized on Tuesday, 30 Sep 2025
IPO listing for Telge Projects was on BSE on Friday, 03 Oct 2025
Telge Projects IPO LISTING GAINS
| Issue Price (adjusted) | 105.0 |
| Listing Open Price | 108.1 |
| Listing Close Price | 110.5 |
| Listing Gain% | 3.0% |
| Current Gain% | 157.1% |
Telge Projects Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Telge Projects Ltd. | 270 | 264.3 | 44.5 | 4.6 | 5.4 | 14.2 | 9.8 | 40.7 | 55.8 | 5.9 | 9.7 | 6.1 | 9.7 |
| Larsen & Toubro Ltd. | 3876.2 | 545358.5 | 32.9 | 7.2 | 1.9 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 98 | 103425.2 | 216.3 | 1.1 | 6.6 | -5.9 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.5 | 203.3 |
| Rail Vikas Nigam Ltd. | 207 | 43159.9 | 48 | -2 | 2.1 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.3 | -24.5 |
| Kalpataru Projects International Ltd. | 1391.2 | 23757.9 | 20.9 | 0.3 | 0.9 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 66.5 | 60.9 |
| NBCC (India) Ltd. | 82.9 | 22372.2 | 30.1 | 1 | 1.8 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.8 | 30.6 |
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Telge Projects annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Actual
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Total Rev. Ann.
1Y CHG
21.3%
2Y CAGR
37.9%
3Y CAGR
41.2%
5Y CAGR
60.2%
Net Profit Ann.
1Y CHG
-31.4%
2Y CAGR
2.2%
3Y CAGR
58.7%
5Y CAGR
88.8%
Operating Exp. Ann.
1Y CHG
38.1%
2Y CAGR
44.6%
3Y CAGR
38.8%
5Y CAGR
59.1%
Telge Projects INFORMATION ON IPO ISSUE
About Telge Projects
Telge Projects was incorporated on January 16, 2018. The company provides engineering design services, including BIM, structural design, MTO, 2D drafting, and architectural design, with a focus on modern, digital methodologies over traditional manual approaches. By leveraging BIM’s 3D modelling and collaborative workflows, it delivers accurate, cost-effective, and timely solutions to EPC firms, fabricators, and contractors, ensuring seamless project execution and improved outcomes
Object of the Issue
- Funding of capital expenditure towards purchase of additional office premises at Pune, Maharashtra
- Funding of capital expenditure requirements towards purchase of computers, laptops, other related accessories and purchase of software subscriptions
- Hiring of manpower in the company
- Investment in subsidiary for hiring manpower in Telge Projects Inc
- General corporate purposes
Telge Projects - PROMOTERS
| Name |
|---|
| Shraddha Shailesh Telge |
Telge Projects - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Shraddha Shailesh Telge | Chairman, Managing Director & Chief Executive Officer |
| Priti Vishal Telge | Non-Executive Director |
| Telge Vishal Uttam | Non-executive Director |
| Ravi Pandit | Non-executive Independent Director |
| Avinash Sureshkumar Sachdev | Non-executive Independent Director |
Telge Projects Book Running Lead Manager
Smart Horizon Capital Advisors Private Limited
director@shcapl.com
Telge Projects Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Telge Projects Strengths
Expertise with software capabilities
The company has built strong expertise in engineering design services and BIM, supported by a skilled team of 148 engineers. It leverages 3D modelling and industry-standard software, alongside digital tools for accounting, HR, project management, and CRM, to ensure efficient operations
Strength
Global presence
The company expanded globally by acquiring its U.S. subsidiary, Telge Projects Inc., to serve international clients and share expertise across borders. It now delivers engineering design services in over 11 countries, leveraging BIM and value engineering while adapting to regional standards and regulations
Strength
Strategic acquisitions
Strategic acquisitions, including US-based Draftco Inc. and Midwest Detailing LLC, have strengthened the company’s capabilities and expanded its North American presence. These acquisitions enhance expertise in detailing, BIM coordination, and construction documentation, enabling more comprehensive, localised solutions for clients
Strength
Telge Projects Risks
Concentrated in export markets
The company’s revenue is heavily concentrated in export markets, particularly the UK, USA, and Australia, which together accounted for over 80% of revenues in FY2023–25. Limited operations or growth in these regions could adversely affect business and financial performance
Risk
Project execution risks
The company faces project execution risks where design changes, site conditions, or client delays can disrupt timelines, increase costs, and affect profitability. Timely execution is critical, but rework and regulatory changes can impact resource allocation and client satisfaction
Risk
Dependent on vendors for design & modeling
The company depends on third-party software for design, modeling, and engineering, and any flaws could cause project delays, client dissatisfaction, or legal liabilities. Despite using reputable vendors and standard quality checks, software errors may still impact project outcomes and operations
Risk
IPO FAQs
The promoter of the company is Shraddha Shailesh Telge.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 95.0 - 105.0.
The IPO application opens on Sep 25, 2025 and closes on Sep 29, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 228,000.0, the maximum value for this IPO is Rs 252,000.0.
This IPO will be allotted on Sep 30, 2025.
The refund will be credited to your account on Oct 01, 2025.
The allotted shares will be credited to your demat on Oct 01, 2025.
Telge Projects Ltd.’s shares listed on the stock exchanges on Oct 03, 2025.