On the last day, the Telge Projects IPO was subscribed 2.99 times overall, the retail quota 1.72 times, the QIB 5.41 times, and the NII quota 2.75 times, respectively.
Details About Telge Projects IPO
Telge Projects got approval from SEBI for an IPO of ₹27.24 crores. This IPO consists of a fresh issue of ₹27.24 crores with a face value of ₹10 each. Moreover, the company has set up a price band between ₹95 to ₹105 per share.
In this IPO, a total of 2,400 shares were available in 2 lot sizes for the minimum Retail category and for the maximum retail category. While S-HNI (Min) has a total of 3,600 shares in a 3-lot size, and for the max S-HNI, 8,400 shares in a 7-lot size. B-HNI minimum 9,600 shares were available in 8 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,52,000 and maximum investment.
- Small HNI (S-HNI): Minimum investment of ₹3,78,000.
- Small HNI (S-HNI): Maximum Investment of ₹8,82,000.
- B-HNI: Minimum investment of ₹10,08,000.
Subscription duration of the Telge Projects IPO
Telge Projects IPO opening date was September 25, 2025, and the closing date was September 29, 2025.
The allotment of Telge Projects was finalized on September 30, 2025, while the IPO listing is on October 3, 2025.
About Telge Projects IPO
Founded on January 16, 2018, Telge Projects is one of the leading companies involved in providing a wide range of engineering design services. Telge Projects is engaged in offering EPC (Engineering, Procurement, and Construction) firms, fabricators, and contractors by offering accurate, cost-effective, and timely engineering design services. In 11 countries like Australia, Canada, Ireland, Latvia, Malaysia, New Zealand, Poland, Singapore, Sweden, the UK (United Kingdom), and the USA (United States of America), the company has executed its projects.
Moreover, the company has two types of contracts: fixed price contracts and time and material (T&M) contracts. In the fixed contracts, there are no fixed charges; in fact, they set the charges based on factors like market demand and supply. As they are charging prices from consumer to consumer based on various parameters such as the size of projects, payment terms, supply schedule, etc.
Financial Background of Telge Projects IPO
The company reported revenue of ₹25.65 crores in 2025 against ₹12.50 crores in 2024. The company reported a profit of ₹5.38 crores in 2025 against a profit of ₹2.66 crores in 2024.
