Telge Projects IPO
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Schedule of Telge Projects
| Issue open date | 25 Sep 2025 |
| Issue close date | 29 Sep 2025 |
| UPI mandate deadline | 29 Sep 2025 (5 PM) |
| Allotment finalization | 30 Sep 2025 |
| Refund initiation | 01 Oct 2025 |
| Share credit | 01 Oct 2025 |
| Listing date | 03 Oct 2025 |
| Mandate end date | 14 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Telge Projects
Telge Projects is a technology-driven engineering design services company specialising in Building Information Modelling (BIM), structural engineering design, material take-offs (MTO), 2D drafting, and architectural design. Incorporated in 2018 and headquartered in Pune, the company serves clients across commercial, industrial, infrastructure, institutional, and residential sectors globally. The company emphasises modern BIM methodologies over traditional 2D approaches, delivering services to over 11 countries, including notable projects such as the Mangalwar Peth Metro Station (India), Everton Stadium (UK), and the Richland Performing Arts Centre (Colombia).
Financials of Telge Projects
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹27.24 crores |
| Fresh Issue | ₹27.24 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for expansion of Pune office infrastructure | 8.73 (32%) |
| Funding of capital expenditure requirements towards Purchase of computers, laptops, other related accessories and Purchase of software subscriptions | 2.44 (9%) |
| Hiring of manpower | 4.18 (15.34%) |
| Investment in a subsidiary for hiring manpower | 4.86 (17.8%) |
| General Corporate Purposes | 7.03 (25.8%) |
Strengths
- Strong revenue growth trajectory with a 105% increase in FY25 compared to FY24
- High-margin business model with PAT margin of 21% indicating operational efficiency
- Diversified global client base across 11+ countries, reducing geographical dependency
- Technology-focused approach with BIM services contributing 84% of revenue
- Experienced team of 148 skilled engineers proficient in industry-standard software
Risks
- Heavy dependence on BIM services (84% of revenue) creates concentration risk if market demand shifts
- Limited operating history since 2018, making long-term performance assessment difficult
- Intense competition from established global engineering service providers
- Client concentration risk in international markets exposes the company to foreign exchange fluctuations
- Dependency on skilled technical talent in a competitive hiring environment
- Regulatory changes in target markets could impact project requirements and demand
Allotment Status for Telge Projects
To check your allotment status – click here.
Subscription Figures for Telge Projects
As per media reports (Link), the Grey Market Premium (GMP) of Telge Projects is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 29, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 4.92 | 26.64 | 5.41x |
| NII | 3.72 | 10.23 | 2.75x |
| Retail | 8.66 | 14.92 | 1.72x |
| Total | 17.30 | 51.80 | 2.99x |