Telge Projects Limited IPO

Apply 0
Avoid 0

Incorporated on January 16, 2018, Telge Projects Limited is a global provider of engineering design services for the Architecture, Engineering, and Construction (AEC) industry. The company specializes in Building Information Modeling (BIM), structural engineering design, material take-offs (MTO), 2D drafting, and architectural design, leveraging modern digital methodologies to deliver cost-effective and accurate project solutions. Telge focuses on serving EPC firms, fabricators, and contractors, ensuring timely and precise execution of complex engineering projects.

Business Model

Telge operates through fixed-price contracts and time-and-material contracts, billing clients based on project scope, duration, and resource allocation. The company completes the design phase and hands over finalized project layouts without participating in construction, enabling EPC clients to focus on execution.

Core Services

Telge Projects operates across multiple service verticals:

1. Building Information Modeling (BIM): 3D digital modeling capturing structural, functional, and fabrication details with precise shop drawings, erection plans, bar bending schedules, and CNC-ready files.

2. Structural Engineering Design: Accurate structural layouts for steel and pre-cast concrete frameworks, ensuring optimized project planning and construction.

3. Material Take-Offs (MTO): Detailed quantity estimation and reporting for materials required in construction projects.

4. 2D Drafting & Architectural Design: Traditional and digital drawings supporting project visualization, planning, and execution.

Global Presence and Subsidiaries

Telge has a strong international footprint, exporting services to over 11 countries, including the USA, UK, Canada, Ireland, Australia, Singapore, and Malaysia. Its subsidiary, Telge Projects Inc., engages with foreign clients and further expanded the North American market by acquiring Midwest Detailing LLC and Draftco Inc. These acquisitions enhance Telge’s global delivery capabilities and client reach.

Technology and Workforce

The company leverages industry-standard software tools such as Tekla Structures, Bluebeam, Enercalc, AutoCAD, SDS2, Autodesk Revit Structure, and Cads RC. A workforce of 166 permanent employees, including 148 skilled engineers, operates on a digital platform to ensure efficiency and precision in all design and modeling services. Internal tools like Zoho, GreytHR, Mitroz, and WhizSales support accounting, HR, project management, and business development operations.

Key Projects

Notable project designs includes Mangalwar Peth Metro Station, Pune, India, Everton Stadium, United Kingdom and Richland Performing Arts Centre, Columbia, South America. These projects showcase Telge’s ability to deliver high-quality, large-scale engineering solutions on a global level.

Objects of the Telge Projects Limited IPO:

Company proposes to utilize the Net Proceeds towards funding the following objects: 1. Capital expenditure for purchase of additional office premises in Maharashtra (₹8.73 cr) 2. Capital expenditure requirements for Purchase of computers, laptops, other related accessories (₹2.44 cr) 3. Hiring of Manpower (₹4.18 cr) 4. Investment in subsidiary for hiring Manpower (₹4.86 cr) 5. General Corporate Purpose;
DRHP of Telge Projects Limited IPO
RHP of Telge Projects Limited IPO

Telge Projects Limited IPO Details:

Open Date: Sep 25 2025
Close Date: Sep 29 2025
Total Shares: 25,94,400
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 27.24 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 95 - 105 Per Equity Share
Listing At: BSE SME
Listing Date: Oct 03 2025

Promoters And Management:

1. Ms. Shraddha Shailesh Telge (Chairman, MD & CEO, 33 yrs), Diploma in Civil Engineering (2011, Govt. Polytechnic Amravati) and B.Tech Civil (2014, COEP, Savitribai Phule Pune University). Over 9 years’ experience in civil and construction, including a stint at Precision Precast Solutions (2014–17). Associated with the company since incorporation, she became CEO in Jan 2024. Leads strategy, operations, governance, and risk management. 2. Ms. Priti Vishal Telge (Non-Executive Director, 34 yrs), BMS (2011) and MMS (2013, University of Mumbai). 6+ years’ experience in HR management, including roles at Uttam Tools and Manar Tools. Joined the company in April 2024, providing strategic support in human resources. 3. Mr. Vishal Uttam Telge (Non-Executive Director, 37 yrs), Diploma in Mechanical Engg. (2008) and B.E. Mechanical (2011, DY Patil College of Engineering, Pune). 13+ years’ engineering experience with Uttam Tools and currently director at Manar Tools and Manar Farminex. Associated with the company since Jan 2024, he advises on strategy, governance, risk management, and long-term planning.

Financials of Telge Projects Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations (Cr) 25.08 12.41 7.44
EBITDA (Cr) 8.26 3.81 1.45
EBITDA Margins 32.97% 30.73% 19.57%
PAT (Cr) 5.38 2.65 0.89
PAT Margins 21.45% 21.40% 12.09%
ROCE 56.22% 89.50% 30.28%
Debt to Equity Ratio(In Times) 0.83 0.59 1.2
Operating Cash Flows (Cr) 3.3 3.09 0.6

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Telge Projects Limited 25.08 32.97% 21.45% 56.22% 0.83 102.79 19.11
Mold-Tek Technologies Limited 146 9% 5.48% 13.30% 0.06 490 63.9

Lead Manager of Telge Projects Limited IPO:

  1. Smart Horizon Capital Advisors Private Limited

Registrar of Telge Projects Limited IPO:

  1. Bigshare Services Private Limited

Discussion on Telge Projects Limited IPO:

Leave a Reply