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Telge Projects IPO
Telge Projects Ltd
₹1,14,000 /1200 sharesMinimum Investment
Telge Projects IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Sep ‘25 - 29 Sep ‘25 | ₹2,28,000 | 1,200 | ₹95 - ₹105 |
| Issue Size | IPO Doc |
|---|---|
| 27.24Cr | RHP PDF |
Subscription rate
As of 29 Sep'25, 04:02 PM
| Qualified Institutional Buyers | 4.54x |
| Non-Institutional Investor | 1.79x |
| Retail Individual Investor | 1.09x |
| Total | 2.19x |
About Telge Projects
Founded in
2018
Managing director
Ms. Shraddha Shailesh Telge
Parent organisation
Telge Projects Ltd
Strengths & Financials of Telge Projects
Strengths
Risks
The company claims to have built strong expertise in engineering design and BIM, supported by a workforce of 166 permanent employees, including 148 trained engineers. The company also claims to use industry-standard software such as Tekla Structures, AutoCAD, SDS2, and Autodesk Revit to execute its projects.
The company claims to operate through a diversified service portfolio that caters to clients across commercial, industrial, infrastructure, institutional, and residential sectors. It also claims to have a global presence in more than eleven countries.
The company claims to follow a two-shift working model that allows for extended use of its licensed software and IT systems. This approach is aimed at optimising return on investment by ensuring critical tools are utilised for longer durations.
Strategic acquisitions have played a role in expanding Telge Projects’ service capabilities. The company acquired US-based Draftco Inc. and Midwest Detailing LLC, which it claims have strengthened its expertise in detailing, BIM coordination, and construction documentation while improving its foothold in the North American market.
The company is ISO 9001:2015 certified for quality management systems in 3D modelling and detailing of precast and steel structures for the civil and construction industry.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 7.44 crore (standalone) in FY23 to Rs 12.41 crore (consolidated) in FY24 and Rs 25.08 crore (consolidated) in FY25. PAT increased from Rs 0.90 crore in FY23 (standalone) to Rs 2.66 crore (consolidated) in FY24 and Rs 5.38 crore (consolidated) in FY25.
The company derives a major portion of its revenue from its top 10 customers. It accounted for Rs 15.89 crore (63.37 percent) of the company’s total revenue in FY25, Rs 10.73 crore (86.46 percent) in FY24, and Rs 5.85 crore (78.66 percent) in FY23. Loss of these customers or a decline in business from them could adversely affect the company’s finances and operations.
The company derives a significant portion of its revenue from the US, the UK, and Australia. In FY25, these countries accounted for Rs 22.65 crore (90.31 percent) of the company’s total revenue, Rs 11.36 crore (91.56 percent) in FY24, and Rs 6.17 crore (82.95 percent) in FY23. Any disruption or slowdown in these markets could adversely affect the company’s business, financial condition, and cash flows. Also, any adverse fluctuation in foreign exchange rates or changes in foreign exchange control regulations may impact the company’s financial performance.
The company relies heavily on Tekla Structures software, a specialised BIM software for design, detailing, and project management. Issues such as software malfunction, data corruption, cyberattacks, license expiry, or loss of vendor support could cause project delays, increase costs, reduce productivity, or result in client dissatisfaction.
BIM services accounted for Rs 21.05 crore (83.91 percent) of total revenue in FY25, Rs 10.31 crore (83.09 percent) in FY24, and Rs 5.93 crore (79.77 percent) in FY23. Over-reliance on a single service vertical exposes the company to concentration risk and potential revenue loss if demand decreases or clients adopt alternative technologies.
The company’s design, modelling, and execution processes depend on software maintained by external vendors. Undetected errors or failures in these platforms may lead to quality issues, client dissatisfaction, or legal liability.
The company reported negative cash flows from investing activities, which amounted to Rs 9.32 crore in FY25, Rs 3.44 crore in FY24, and Rs 0.10 crore in FY23, on account of purchases of fixed assets, sale of property, payment for goodwill, and interest income. It also reported a negative cash flow from financing activities of Rs 0.25 crore in FY23 due to proceeds and repayment of long-term borrowings, an increase in short-term borrowings, and finance costs. If these negative cash flows persist, it could adversely affect the company’s ability to meet its working capital needs or repay loans without raising additional external financing, thereby impacting its financial condition and operations.
As of FY25, the company had trade receivables of Rs 5.02 crore, a sharp increase from Rs 2.94 crore in FY24. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company, its directors, promoters, subsidiaries, and group entities are involved in various legal proceedings, including tax and criminal cases. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company reported total indebtedness of Rs 9.38 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Telge Projects Financials
*All values are in Rs. Cr
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Application Details of Telge Projects IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹95 - 105 | ₹2 - 5 Lakh |
For Telge Projects IPO, eligible investors can apply as Individual investor.