Unlocking Potential: A Comprehensive Look at the Telge Projects SME IPO
The Indian market is abuzz with new opportunities, and Small and Medium Enterprises (SMEs) are increasingly leveraging Initial Public Offerings (IPOs) to fuel their growth ambitions. One such upcoming offering that has caught the market's attention is the Telge Projects SME IPO. This comprehensive guide delves into the company's business, financial performance, IPO specifics, and other crucial details to help you make an informed decision.
Bridging Design & Execution: About Telge Projects Ltd.
Established on January 16, 2018, Telge Projects Ltd. is a dynamic entity specializing in a vast array of engineering design services. The company acts as a crucial partner for EPC (Engineering, Procurement, and Construction) firms, fabricators, and contractors, providing precise, cost-efficient, and timely design solutions.
With a robust global footprint, Telge Projects has successfully executed projects across 11 countries, including prominent markets like Australia, Canada, the UK, and the USA, where it has even established a subsidiary, Telge Projects Inc. This international presence underscores its capability and adaptability in diverse operational environments.
Core Service Offerings:
- Building Information Modeling (BIM) Services
- Structural Engineering Design Services
- Material Take-Offs (MTO)
- 2D Drafting Services
- Architectural Services
Noteworthy Strengths:
- Extensive domain knowledge complemented by advanced software capabilities.
- Cultivation of strong, long-standing relationships with clients worldwide.
- Strategic acquisitions, including a USA subsidiary, enhancing global reach.
- An in-house execution model operating on a two-shift basis for efficiency.
- Leveraging the rich experience of its promoters and senior management.
Demystifying the Telge Projects IPO: Key Investment Details
The upcoming IPO is a book-build issue designed to raise capital for the company's expansion and operational objectives. Here's a quick overview of the essential details:
| Parameter | Detail |
|---|---|
| Issue Type | Bookbuilding SME IPO |
| Issue Size | ₹27.24 Crores (25,94,400 shares) |
| Offer Type | Entirely Fresh Issue |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹105 per share |
| Minimum Lot Size | 1,200 Shares |
| Listing At | BSE SME |
| Lead Manager | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. |
IPO Timeline at a Glance:
Mark your calendars! Here's the tentative schedule for the Telge Projects IPO:
Telge Projects IPO Journey
Anchor Bid
Sep 24, 2025
IPO Open
Sep 25, 2025
IPO Close
Sep 29, 2025
Allotment
Sep 30, 2025
Demat Credit
Oct 1, 2025
Listing Date
Oct 3, 2025
Investment Structure: Lot Sizes & Share Reservation
Understanding the minimum investment requirements and how shares are allocated across different investor categories is crucial for potential applicants.
Application Lot Sizes:
Investors can subscribe for a minimum of 2,400 shares, which equates to 2 lots, and in multiples of 1,200 shares thereafter.
| Investor Category | Application Lots (Min) | Shares (Min) | Amount (Min, at upper price band) |
|---|---|---|---|
| Individual Investors (Retail) | 2 | 2,400 | ₹2,52,000 |
| S-HNI (Small High Net-worth Individual) | 3 | 3,600 | ₹3,78,000 |
| B-HNI (Big High Net-worth Individual) | 8 | 9,600 | ₹10,08,000 |
Investor Category Reservation:
The total issue of 25,94,400 shares is strategically distributed among various investor segments.
| Investor Category | Shares Offered | Percentage of Total Issue |
|---|---|---|
| Market Maker | 1,30,800 | 5.04% |
| Qualified Institutional Buyers (QIB) | 12,25,200 | 47.22% |
| - Anchor Investors (part of QIB) | 7,33,200 | 28.26% |
| - QIB (Excluding Anchor) | 4,92,000 | 18.96% |
| Non-Institutional Investors (NII/HNI) | 3,72,000 | 14.34% |
| Retail Individual Investors (RII) | 8,66,400 | 33.40% |
| Total Shares Offered | 25,94,400 | 100.00% |
It's also worth noting that Telge Projects IPO successfully raised ₹7.70 crore from anchor investors, with the bid date on September 24, 2025.
Financial Performance Overview: A Glimpse at the Books
A crucial aspect for any investor is the company's financial health. Telge Projects Ltd. has demonstrated impressive growth in its financial performance over recent years.
Key Financial Highlights (₹ in Crores):
| Period Ended | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|
| Assets | 25.56 | 10.37 | 5.88 |
| Total Income | 25.65 | 12.50 | 7.51 |
| Profit After Tax (PAT) | 5.38 | 2.66 | 0.90 |
| EBITDA | 8.27 | 3.81 | 1.46 |
| Net Worth | 11.34 | 4.66 | 2.09 |
| Total Borrowing | 9.38 | 2.76 | 2.50 |
Between FY24 and FY25, Telge Projects Ltd. witnessed its revenue surge by an impressive 105%, while its Profit After Tax (PAT) climbed by 103%. This indicates strong operational efficiency and growth momentum.
Key Performance Indicators (KPIs):
As of March 31, 2025, the company's market capitalization stands at ₹102.80 Crores. A deeper look into its KPIs provides further insights:
| Indicator | Value (as of March 31, 2025) |
|---|---|
| Return on Equity (ROE) | 67.29% |
| Return on Capital Employed (ROCE) | 56.22% |
| Debt/Equity Ratio | 0.83 |
| Return on Net Worth (RoNW) | 47.46% |
| PAT Margin | 21.45% |
| EBITDA Margin | 32.97% |
| Price to Book Value | 6.56 |
| Pre-IPO EPS | ₹7.48 |
| Post-IPO EPS | ₹5.50 |
| Pre-IPO P/E (x) | 14.04 |
| Post-IPO P/E (x) | 19.1 |
The Road Ahead: Objectives of the IPO Issue
Telge Projects aims to utilize the net proceeds from this IPO to fund several strategic initiatives designed to bolster its growth and operational capabilities:
- Capital Expenditure: Funding the purchase of additional office premises in Pune, Maharashtra, and investing in new computers, laptops, accessories, and software subscriptions.
- Manpower Expansion: Hiring new talent for the company's domestic operations and for its subsidiary, Telge Projects Inc. in the USA.
- General Corporate Purposes: Utilizing funds for various general business requirements and strategic flexibility.
Leadership & Ownership: Promoter Holding
Ms. Shraddha Shailesh Telge is the driving force behind Telge Projects Ltd. The promoter's stake will see a strategic adjustment post-issue to facilitate public participation and capital infusion.
| Promoter Holding | Percentage |
|---|---|
| Pre-Issue | 97.28% |
| Post-Issue | 71.50% |
Strategic Lens: A SWOT Analysis of Telge Projects Ltd.
Analyzing the company's internal and external factors provides a balanced perspective on its potential and challenges.
Strengths:
- Proven expertise in specialized engineering design services.
- Established client relationships across diverse international markets.
- Impressive historical financial growth, reflecting operational efficiency.
- Diversified service portfolio catering to a broad client base.
- Strong leadership and managerial experience.
Weaknesses:
- Potential impact of high promoter holding dilution, though still substantial.
- SME platform listing might mean lower liquidity compared to mainboard.
- Reliance on a specific niche within the broader engineering sector.
Opportunities:
- Expanding global infrastructure development driving demand for engineering services.
- Increasing adoption of advanced technologies like BIM worldwide.
- Potential for further geographical expansion and service diversification.
- Opportunity to scale operations with fresh capital from the IPO.
Threats:
- Intense competition from domestic and international engineering design firms.
- Economic downturns or slowdowns in the construction and EPC sectors globally.
- Currency fluctuation risks due to significant international operations.
- Challenges in attracting and retaining skilled technical talent.
Applying for the Telge Projects IPO: Your Guide
Participating in an IPO, especially on the SME platform, requires a clear understanding of the application process.
General Application Steps:
- Choose Your Broker: Ensure your brokerage account allows for SME IPO applications.
- Login to Your Trading Platform: Access your broker's portal or application.
- Navigate to the IPO Section: Look for the "IPO" or "Invest in IPO" section.
- Select Telge Projects IPO: Find the current IPO listing for Telge Projects.
- Enter Bid Details: Input your UPI ID (for UPI applications), the number of lots (in multiples of the specified lot size), and the bid price. It's generally advisable to bid at the cut-off price for book-build issues.
- Submit Application: Confirm and submit your IPO application.
- Approve Mandate (for UPI): Await a request on your UPI app (e.g., BHIM, Google Pay, PhonePe) to approve the payment mandate. Ensure you approve it before the deadline on the closing date.
The primary methods for online IPO applications are UPI (Unified Payments Interface) or ASBA (Applications Supported by Blocked Amount) through your bank's net banking portal.
Final Considerations for Potential Investors
The Telge Projects SME IPO presents an opportunity to invest in a growing engineering design services company with a notable international presence and a strong financial track record. However, as with any investment, especially in the SME segment, thorough due diligence is paramount.
Consider the company's competitive advantages, the growth prospects of its industry, its valuation relative to its peers, and the inherent risks associated with SME listings, such as liquidity. Prospective investors should review the official offer documents, conduct their own research, and if necessary, consult with a qualified financial advisor to align the investment with their personal financial goals and risk tolerance.
Stay tuned for further updates on Telge Projects IPO subscription status and listing performance!