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Open
25 Sep 2025
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Close
29 Sep 2025
3
Allotment
—
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Listing
Fri, Oct 3, 2025
Price Band
₹95 to ₹105
Issue Size
25,94,400 shares (agg. up to ₹27 Cr)
Lot Size
1,200 Shares
Listing Date
Fri, Oct 3, 2025
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
03-10-2025₹0Est. ₹105+0%
02-10-2025₹0Est. ₹105+0%
01-10-2025₹0Est. ₹105+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.61x |
Restated Financials (₹ Cr.)
| 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 and Surplus | 10.31 | 3.66 | 1.09 |
| Total Borrowing | 9.38 | 2.76 | 2.50 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Karbonsteel Engineering Ltd. | SME | ₹59.30 Cr | ₹159 | 12.47 | ₹194.35 | +22.23% | ₹103.65 (+4.28%) |
| Goel Construction Co.Ltd. | SME | ₹100.10 Cr | ₹263 | 7.8 | ₹317.60 | +20.76% | ₹471.15 (-4.99%) |
| Oval Projects Engineering Ltd. | SME | ₹46.74 Cr | ₹85 | 13.91 | ₹85.05 | +0.06% | ₹57.00 (-1.72%) |
| Current Infraprojects Ltd. | SME | ₹41.80 Cr | ₹80 | 11.78 | ₹152.75 | +90.94% | ₹102.00 (+0.99%) |
| Mahendra Realtors & Infrastructure Ltd. | SME | ₹49.45 Cr | ₹85 | 9.94 | ₹64.60 | -24.00% | ₹72.25 (+4.11%) |
| Savy Infra & Logistics Ltd. | SME | ₹69.98 Cr | ₹120 | 7.53 | ₹143.30 | +19.42% | ₹120.00 (-0.50%) |
| Suntech Infra Solutions Ltd. | SME | ₹44.39 Cr | ₹86 | 14.31 | ₹103.80 | +20.70% | ₹33.00 (+3.61%) |
| Mayasheel Ventures Ltd. | SME | ₹27.28 Cr | ₹47 | 6.74 | ₹60.90 | +29.57% | ₹39.00 (-1.14%) |
| Samay Project Services Ltd. | SME | ₹14.69 Cr | ₹34 | 8.94 | ₹36.00 | +5.88% | ₹46.00 (-3.16%) |
| Integrity Infrabuild Developers Ltd. | SME | ₹12.00 Cr | ₹100 | 32.68 | ₹103.50 | +3.50% | ₹162.00 (+1.25%) |
| Desco Infratech Ltd. | SME | ₹30.75 Cr | ₹150 | 24.4 | ₹168.00 | +12.00% | ₹195.45 (-1.19%) |
| Solarium Green Energy Ltd. | SME | ₹105.04 Cr | ₹191 | 18.81 | ₹211.90 | +10.94% | ₹175.20 (-1.24%) |
| H.M.Electro Mech Ltd. | SME | ₹27.74 Cr | ₹75 | 9.16 | ₹77.04 | +2.72% | ₹48.05 (-4.85%) |
| B.R.Goyal Infrastructure Ltd. | SME | ₹85.21 Cr | ₹135 | 10.8 | ₹142.50 | +5.56% | ₹128.10 (-1.50%) |
| NACDAC Infrastructure Ltd. | SME | ₹10.01 Cr | ₹35 | 47.78 | ₹69.82 | +99.49% | ₹25.48 (+6.17%) |
| Ganesh Infraworld Ltd. | SME | ₹98.58 Cr | ₹83 | 16.47 | ₹165.55 | +99.46% | ₹91.00 (-0.60%) |
| Lakshya Powertech Ltd. | SME | ₹49.80 Cr | ₹180 | 8.39 | ₹359.10 | +99.50% | ₹105.00 (-0.90%) |
| HVAX Technologies Ltd. | SME | ₹33.53 Cr | ₹458 | 9.97 | ₹490.35 | +7.06% | ₹709.00 (-0.13%) |
| Solarworld Energy Solutions Ltd. | Mainboard | ₹490.00 Cr | ₹351 | 33.77 | ₹323.50 | -7.83% | ₹212.51 (+2.38%) |
| GK Energy Ltd. | Mainboard | ₹464.26 Cr | ₹153 | 20.29 | ₹167.74 | +9.63% | ₹138.17 (-2.16%) |
| Vikran Engineering Ltd. | Mainboard | ₹772.00 Cr | ₹97 | 22.88 | ₹95.71 | -1.33% | ₹73.32 (-0.18%) |
| M&B Engineering Ltd. | Mainboard | ₹650.00 Cr | ₹385 | 24.98 | ₹408.65 | +6.14% | ₹328.65 (-1.36%) |
| Globe Civil Projects Ltd. | Mainboard | ₹119.00 Cr | ₹71 | 19.83 | ₹94.46 | +33.04% | ₹41.20 (-0.48%) |
| Capital Infra Trust | Mainboard | ₹1,578.00 Cr | ₹99 | null | ₹99.02 | +0.02% | ₹73.38 (-0.15%) |
| Afcons Infrastructure Ltd. | Mainboard | ₹5,430.00 Cr | ₹463 | 35.08 | ₹474.20 | +2.42% | ₹285.40 (-2.31%) |
| Deepak Builders & Engineers India Ltd. | Mainboard | ₹260.04 Cr | ₹203 | 12.06 | ₹161.95 | -20.22% | ₹7.95 (+2.02%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital expenditure towards purchase of additional office premises at Pune, Maharashtra | 8.73 |
| 2 | Funding of capital expenditure requirements towards Purchase of computers, laptops, other related accessories and Purchase of software subscriptions | 2.44 |
| 3 | Hiring of Manpower in the Company | 4.18 |
| 4 | Investment in subsidiary for hiring Manpower in Telge Projects Inc | 4.86 |
| 5 | General Corporate Purposes | 4.06 |
| 6 | Issue Expenses | 2.98 |
| Total | 27.24 |
About Telge Projects IPO
Incorporated on January 16, 2018, Telge Projects Ltd is engaged in comprehensive range of engineering design services. The company primarily serve EPC (Engineering, Procurement, and Construction) firms, fabricators, and contractors by offering accurate, cost-effective, and timely engineering design services. The company has executed projects across 11 countries, including Australia, Canada, Ireland, Latvia, Malaysia, New Zealand, Poland, Singapore, Sweden, UK (United Kingdom) and USA (United States of America). It also acquired a subsidiary, Telge Projects Inc. in USA. Services: Building Information Modeling (BIM) Services Structural Engineering Design Services Material Take- Offs (MTO) 2D Drafting Services Architectural Services As on March 31, 2025, the company had 166 employees. 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 + Read More
Contact Details
Telge Projects Ltd. AddressUnit No.502A, 5th floor, Om ChambersPlot No.T-29, 30, 31T Block, Bhosari I.E.Pune, Maharashtra, 411026+91 7757950799compliance@telgeprojects.comVisit Website