BSE SME Telge Projects constructs a modest listing

The scrip was listed at Rs 108.10, a premium of 2.95% over the initial public offer (IPO) price. The stock is currently up 2.6% over its listing price.

The counter hit a high of Rs 112 and a low of Rs 108.10. About 6.30 lakh shares of the company changed hands at the counter.

Telge Projects' IPO was subscribed 2.86 times. The issue opened for bidding on 25 September 2025 and it closed on 29 September 2025. The price band of the IPO was fixed between Rs 95 to Rs 105 per share.

The IPO comprised fresh issue of 25,94,400 equity shares. The promoter and promoter group shareholding diluted to 71.50% from 97.28% pre-issue.

The company intends to utilize the net proceeds to fund capital expenditures, including the purchase of additional office premises in Pune, Maharashtra; purchase of computers, laptops, related accessories, and software subscriptions; hiring manpower for the company; investing in its subsidiary Telge Projects Inc. to support manpower recruitment and for general corporate purposes.

Ahead of the IPO, Telge Projects on 24 September 2025, raised Rs 7.69 crore from anchor investors. The board allotted 7.33 lakh shares at Rs 105 each to 6 anchor investors.

Telge Projects provides a range of engineering design services, including building information modeling (BIM), structural engineering design, material take-offs (MTO), 2D drafting, and architectural design to ensure seamless project execution. The company serves EPC (engineering, procurement, and construction) firms, fabricators, and contractors. In India, the company has presence in Maharashtra and Odisha, and it has also expanded globally, exporting services to over eleven countries. As of 31 March 2025, the company had total 166 employees.

The company recorded revenue from operations of Rs 25.08 crore and net profit of Rs 5.38 crore for the year ended 31 March 2025.