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Operates in Engineering sector which is expected to grow at 5.3% CAGR; and from Fiscal 2021 to Fiscal 2025 by $2.0 Tr.
Growth is driven by expansion of business operations and capacity enhancement, supported by diversification into new markets, operational efficiencies, and utilisation of IPO proceeds for strengthening its financial and operational base.
| Revenue | ₹12.41 cr | ₹25.08 cr (+102.10%) | |
| PAT | ₹2.65 cr | ₹5.38 cr (+103.02%) | |
| PAT Margin | 21.35 % | 21.45 % (+0.47%) | |
| EBITDA | ₹3.81 cr | ₹8.83 cr (+131.76%) | |
| EBITDA Margin | 30.70 % | 35.21 % (+14.69%) | |
| ROE | 56.99 % | 47.44 % (-16.76%) | |
| ROCE | 89.50 % | 56.22 % (-37.18%) | |
| D/E | 0.59 | 0.83 (+40.68%) |
Diversify its business by expanding into new product lines and related segments while also broadening its geographic presence. This diversification is aimed at reducing dependency on limited revenue streams and capturing emerging opportunities in its sector.
PE Ratio: 19.10x Average Sector PE Ratio: 15.35x
| QIB Shares Offered: | 1225200 |
| - Anchor Investor Shares Offered: | 733200 |
| − QIB (Ex. Anchor) Shares Offered : | 492000 |
| NII (HNI) Shares Offered: | 372000 |
| - bNII > ₹10L: | 247998 |
| - sNII < ₹10L: | 124002 |
| Retail Shares Offered: | 866400 |
| Total Shares Offered: | 2463600 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2400 | ₹252000 |
| S-HNI (Min) | 3 | 3600 | ₹378000 |
| S-HNI (Max) | 7 | 8400 | ₹882000 |
| B-HNI (Min) | 8 | 9600 | ₹1008000 |
Avg IPO Size (Sector Based):
₹ 25.12 cr.
Average Sector PE Ratio:
15.35 X
Listing Price:
₹ 108.10
Incorporated on January 16, 2018, Telge Projects is presently engaged in comprehensive range of engineering design services, such as building information modeling (BIM), structural engineering design, material take-offs (MTO), 2D drafting and architectural design to ensure seamless project execution. Their services emphasize the use of modern methodologies over traditional approaches. Traditional approach in the AEC (Architecture, Engineering, and Construction) industry is based on manual process which is prone to the errors and potential for miscommunication. It relies on 2D model for visualization and designing of engineering projects. Hence this method is time consuming and results in delay in completion of projects with compromised quality which negatively impacts project outcome, while modern methodology is based on BIM (Building Information Modeling) digital process used in the architecture, engineering and construction (AEC) industries. BIM utilizes a 3D digital model with integrated data and collaborative workflows.
| Company Name | CMP | Face Value | Basic EPS | PE Ratio | RoNW | NAV per share |
|---|---|---|---|---|---|---|
| Telge Projects Limited | 10 | 7.60 | 47.46 | 16 | ||
| Mold-Tek Technologies Limited | 163.23 | 2 | 4.26 | 38.32 | 10.34 | 41.21 |
(1) The figures for the company are based on Restated Consolidated Financial Statements for the year ended March 31, 2025.
(2) P/E Ratio has been computed based on their respective closing market price on 04 July, 2025, as divided by the Basic EPS as on March 31, 2025.
(3) Restated Profit for the year attributable to equity shareholders divided by Net Worth of the Company.
(4) Net asset value per equity share is calculated as net worth as of the end of relevant year divided by the weighted average number of equities shares outstanding at the end of the year.
(5) The Issue Price determined by the Company in consultation with the Book Running Lead Manager is justified by the Company in consultation with the Book Running Lead Manager on the basis of the above parameters.
The face value of the share is ₹10/- per share and the Issue Price is of ₹ [●] per share are [●] times of the face value.
Smart Horizon Capital Advisors Private Limited, based in Mumbai is the Lead Manager (BRLM) of Telge Projects IPO. Smart Horizon Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Smart Horizon Capital Advisors Private Limited .
Telge Projects IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Telge Projects Financial Review Page
Merchant Banker(s) of Telge Projects IPO: Smart Horizon Capital Advisors Private Limited
Telge Projects IPO subscription was 2.99 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Telge Projects IPO listed at a listing price of 108.10 against the offer price of 105.00.
The current market price of Telge Projects is 111.00.
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