Telge Projects SME IPO Set to Open on September 25 with Rs 95-105 Price Band
Telge Projects, an engineering design services company, is launching its SME IPO from September 25-29. The price band is set at Rs 95-105 per share, aiming to raise Rs 27.24 crore through a fresh issue of 25.94 lakh shares. The company has already raised Rs 7.70 crore from anchor investors. Telge Projects reported strong financial growth, with revenue doubling to Rs 25.65 crore and profit after tax increasing to Rs 5.38 crore in FY25. IPO proceeds will fund office premises purchase, technology acquisition, manpower expansion, and general corporate purposes. Shares are expected to list on the BSE SME platform on October 3.
*this image is generated using AI for illustrative purposes only.
Telge Projects, a company specializing in engineering design services, is gearing up to launch its Small and Medium Enterprise (SME) Initial Public Offering (IPO) on September 25. The IPO subscription window will remain open until September 29, offering investors an opportunity to participate in the company's public listing.
IPO Details
The company has set the price band for its IPO at Rs 95-105 per share, with a face value of Rs 10. The offering consists entirely of a fresh issue of 25.94 lakh shares, aiming to raise Rs 27.24 crore. Prior to the public subscription, Telge Projects has already allocated 7.33 lakh shares to anchor investors, raising Rs 7.70 crore.
Grey Market Premium
The grey market premium for Telge Projects' IPO currently stands at 0%. This indicates that investors in the unofficial grey market are not expecting immediate listing gains on the stock's debut.
Company Profile
Telge Projects provides a range of engineering design services, including Building Information Modeling (BIM), structural engineering, and architectural services. The company caters to Engineering, Procurement, and Construction (EPC) firms across 11 countries, showcasing its international presence in the engineering services sector.
Financial Performance
The company has demonstrated strong financial growth in recent years:
| Fiscal Year | Revenue (Rs Crore) | Profit After Tax (Rs Crore) |
|---|---|---|
| FY25 | 25.65 | 5.38 |
| FY24 | 12.50 | 2.66 |
As evident from the table, Telge Projects has seen its revenue double from Rs 12.50 crore in FY24 to Rs 25.65 crore in FY25. Similarly, the company's profit after tax showed a remarkable increase of 102.26%, rising from Rs 2.66 crore to Rs 5.38 crore during the same period.
Utilization of IPO Proceeds
The funds raised through the IPO will be allocated for various purposes:
- Purchase of office premises in Pune
- Acquisition of computers and software
- Expansion of manpower in India and the US subsidiary
- General corporate purposes
Listing Details
The shares of Telge Projects are scheduled to list on the BSE SME platform. The tentative listing date is set for October 3, subject to the successful completion of the IPO process.
As Telge Projects prepares to enter the public market, investors will be closely watching its performance, given its recent financial growth and expansion plans. The IPO presents an opportunity for investors to participate in the growth story of a company operating in the engineering design services sector with a global footprint.
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