Telge Projects Ltd IPO
Status:
Overview
IPO date
25 Sept 2025 to 29 Sept 2025
Face value
₹ 10 per share
Price
₹ 95 to ₹105 per share
Issue Size
2,594,400 shares
(aggregating up to ₹ 27.24 Cr)
(aggregating up to ₹ 27.24 Cr)
Allotment Date
30 Sept 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Objectives of Telge Projects Ltd IPO
Telge Projects Ltd IPO Strategy
About Telge Projects Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Telge Projects Ltd
Know the pros & cons
Strengths
Deep domain expertise with software capabilities.- Long Standing Relationships with customers globally.
- Leveraging the experience of our Promoter and Senior Managerial Personnel.
- Established market setup and diversified service range.
- Global Presence across various countries.
- In-House Execution with Two-Shift Model.
- Strategic Acquisitions.
Risks
- We have generated more than 50% revenues from our top 10 customers in the each of the immediately 3 preceding Fiscals, and the loss of such customers or a reduction in our revenue from such customers will have a material adverse impact on our business.
- Our source of revenue is concentrated to export markets in certain geographical locations and our inability to operate and grow our business in such countries may have an adverse effect on our business, financial condition, result of operation, cash flow and future business prospects.
- Our Company is heavily depending on Tekla Structures software. In case of reliance, any corruption, loss, or inaccessibility could have a material adverse impact on our business, results of operations, financial condition and cash flows.
- There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities which may affect our revenue from operations.
- There are certain discrepancies/errors/delay filings noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- We currently derive our revenue predominantly from the (Building Information Modeling) BIM Services. If the same is not well received by the market, our business and future prospects could be adversely impacted.
- We are subject to project execution risks where delays arising from design changes, unanticipated site conditions, or client-related factors such as late approvals or frequent scope modifications can disrupt project timelines, increase operational costs and significantly impact our profitability, client satisfaction.
- We are dependent on our empanelled vendors for various software through which we provide services to our clients. The failure of our empanelled vendors to deliver this software in the necessary quantities, on time or to meet specified quality standards or technical specifications, could adversely affect our business and our ability to deliver orders on time.
- Our Company relies on third-party software for design, modeling, and engineering execution. Any flaw or malfunction in such software may result in project delays, client dissatisfaction, reputational harm, or legal liability, which could adversely impact our operations and financial condition.
- If we cannot attract and retain highly-skilled engineers, our ability to obtain, manage and operate new projects and to continue to expand existing projects may result in loss of revenue and an inability to expand our business.
- We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- We have negative cash flow from investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
- We have not yet placed orders in relation to the capital expenditure requirements and which are proposed to be funded out of the Net Proceeds. If there is any delay in placing the orders, or in the event the vendor is unable to perform its obligations, in part or at all, it may result in time and cost overruns and our business, prospects and results of operations may be adversely affected.
- Our Company has not entered into any long-term contracts with our customers and we typically operate on the basis of orders received. Inability to maintain regular order flow would adversely impact our revenues and profitability.
- Our company propose to acquire a new office premises located at Pune, Maharashtra from M/s. Micro Plast. For further details, please refer to chapter titled "Objects of the Issue" beginning on page 85 of Red Herring Prospectus. The said property was previously purchased by M/s. Micro Plast from M/s. Pune IT Space Solutions Pvt. Ltd. A charge was previously created on the property and was duly satisfied before the property was transferred to M/s. Micro Plast. However, the satisfaction of the charge has not been updated in the relevant registry records.
- A substantial proportion of our business is with global customers which are governed by foreign laws. Any failure to comply with the terms of such foreign laws or contractual obligations may resulting in monetary penalties, legal liabilities, and reputational damage, which could adversely affect our business, financial condition, and future prospects.
- Our Company is subject to foreign exchange control regulations which may expose us to currency fluctuation risks and compliance-related challenges under evolving legal frameworks.
- Our employee benefit expense is one of the major components of our fixed operating costs. An increase in employee benefit expense due to regulatory changes, wage inflation, or market competition may adversely affect our business.
- Our business operates in a rapidly evolving technological landscape. While our Promoter, management currently stay updated with industry developments, there is no assurance that they or our team will continue to adapt effectively. Inability to keep pace with technological changes may lead to missed project opportunities, operational inefficiencies, and loss of competitive edge.
- We operate in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.
- Our future success will depend on our ability to effectively implement our business and growth strategies. Our failure in effectively implementing our business and growth strategies may adversely affect our results of operations.
- We have in the past entered into related party transactions and may continue to do so in the future and we cannot assure you that we could not have achieved more favourable terms if such transactions had not been entered into with related parties and that such transactions will not have an adverse effect on our financial conditions and result of operation.
- Our contingent liabilities could materially and adversely affect our business, results of operations and financial condition.
- We have relied on external representation for lease compliance of our foreign subsidiary i.e. Telge Projects INC. In case on any non-compliance by our foreign subsidiary, it may have material adverse impact on our business, results of operations, financial condition and cash flows.
- Failure to secure, register, and protect our intellectual property, including trademarks, may lead to dilution of our goodwill, exposure to infringement, and may adversely affect our business, financial condition, and results of operations.
- We are exposed to credit risk from our customers and the recoverability of our trade receivables is subject to uncertainties.
- We are dependent on IT technology in carrying out our business activities and it forms an integral part of our business. If we face failure of our information technology systems, we may not be able to compete effectively which may result in lower revenue, higher costs and would adversely affect our business and results of operations.
- We are reliant on our Promoter, Key Managerial Personnel, Senior Management personnel and persons with technical expertise. Failure to retain or replace them will adversely affect our business.
- There is an excessive dependence on IDFC Bank Limited in respect of loan facilities obtained by our Company.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
- Certain experience details of Senior Management Personnel have not been included in this Red Herring Prospectus due to unavailability of specific documentary evidence.
- Certain experience details of one of our Independent Director has not been included in this Red Herring Prospectus due to unavailability of specific documentary evidence.
- We have dues which are outstanding to our creditors. Any failure in payment of these dues may have a material adverse effect on our reputation, business and financial condition.
- Failure to meet quality standards required by our customers may lead to cancellation of existing and future orders and expose us including monetary liability.
- The Company failed to report the transaction involving the conversion of an outstanding loan into equity, as stated in the chapter on Capital Structure, under Related Party Transaction disclosures for the financial year 2020-2021.
- Any failure to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for our operations from time to time may adversely affect our business.
- We have incurred substantial secured indebtedness which exposes us to various risks which may have an adverse effect on our business and results of operations.
- Our Company is not having any exact comparable Indian peer which have similar business to our Company.
- The average cost of acquisition of Equity Shares by our Promoter could be lower than the Price Band to be decided by the Company in consultation with the Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
- There is no guarantee that our Equity Shares will be listed on the BSE SME in a timely manner or at all.
- We have incurred indebtedness and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
- Our Promoter and Promoter Group will, even after the completion of the Issue, continue to be our largest Shareholders and can influence the outcome of resolutions, which may potentially involve conflict of interest with the other Shareholders.
- Our Promoter, Key Managerial Personnel and Senior Management have interests in our Company other than reimbursement of expenses incurred and normal remuneration or benefits.
- We have availed few of our properties on lease from where we operate our business. There can be no assurance that the lease agreements will be renewed upon termination or that we will be able to obtain other premises on lease on the same or similar commercial terms.
- Our insurance coverage could prove inadequate to satisfy potential claims or protect us from potential operational hazards and losses which may have a material adverse effect on our business, results of operations and financial condition.
- If we fail to maintain an effective system of internal controls, we may not be able to successfully manage, or accurately report, our financial risks. Despite our internal control systems, we may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect our reputation, business, financial condition, results of operations and cash flows.
- We have taken guarantees from our promoter in relation to Debt Facilities provided to us, in an event any of these persons withdraw or terminate its/her guarantees, the lender for such facilities may ask for alternate guarantees, repayment of amounts outstanding under such facilities, or even terminate such facilities.
- Certain unsecured loans availed by our Company are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect our cash flows.
- We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.
- The Directors of our Company does not have experience of being a director of a public listed company.
- We have issued Equity Shares during the last one year at a price below the Issue Price.
- Any variation in the utilisation of proceeds from the Issue shall be subject to applicable law.
- We may need to seek additional financing in the future to support our growth strategies. Any failure to raise additional financing could have an adverse effect on our business, results of operations, financial condition and cash flows.
- We have not paid any dividends in the past years. Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
- There is no guarantee that our Equity Shares will be listed on the BSE in a timely manner or at all and any trading closure at stock exchange may adversely affect the trading price of our Equity Shares. Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- The requirements of being a publicly listed company may strain our resources.
- The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares upon listing on the Stock Exchange.
- The objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution and are based on management estimates.
- We have not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by us.
- Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of Our Company's financial condition. Our failure to successfully adopt IFRS may have an adverse effect on the price of our Equity Shares. The proposed adoption of IFRS could result in our financial condition and results of operations appearing materially different than under Indian GAAP.
- Portion of our Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Issue Proceed.
Telge Projects Ltd Peer Comparison
Understand the company’s industry standing
Telge Projects Ltd
Mold-Tek Technologies Limited
Face Value
10
2
Standalone / Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
---
---
EPS-Basis
7.6
4.26
EPS-Diluted
---
---
NAV Per Share
16
41.21
P/E-Basic EPS
---
38.32
P/E-Diluted EPS
---
---
RONW(%)
47.46
10.34
Latest NAV Period
---
---
Latest NAV
---
---
How to check the allotment status of Telge Projects Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
IPO reads
Stay updated with the latest IPO developments
February 27, 2025 | 5 min read
₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis
February 25, 2025 | 5 min read
Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%
February 18, 2025 | 5 min read
Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here
October 25, 2024 | 5 min read
Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!
October 22, 2024 | 5 min read
Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!
October 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
September 6, 2024 | 5 min read
Bajaj Housing Finance IPO: All You Need to KnowOctober 17, 2024 | 5 min read
Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why
August 26, 2024 | 5 min read
Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchMore on IPOs
Navigate your way to other IPO resources
Latest videos on IPOs
IPO highlights & details!
FAQs on IPO
Get answers to all your questions here!
The IPO opens on 25 Sept 2025 & closes on 29 Sept 2025.
Telge Projects Limited was originally incorporated under the name 'Telge Projects Private Limited' under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated January 16, 2018, issued by the Registrar of Companies, Central Registration Centre. Company converted the status into a public Company and the name was changed to 'Telge Projects Limited' and a fresh Certificate of Incorporation dated January 02, 2024, was issued by the Registrar of Companies, Pune.
Presently, Company is 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. It serve to EPC firms, fabricators, and contractors by delivering accurate, cost-effective engineering services in a timely manner. Further, the clientele includes companies across the commercial, industrial, infrastructure, institutional and residential sectors in both domestic and international market. To establish the presence in global market, the Company opened the Latur office in 2021, and in 2022, it opened the Pune office for commercial use. Company has acquired a subsidiary Company 'Telge Projects Inc' in Virginia, United States of America from the Promoter to engage with foreign clients and expand the worldwide business in 2023.
The Company is planning a fresh issue initial public offer of 25,94,400 equity shares of face value Rs 10 each.
Telge Projects Ltd IPO will close on 29 Sept 2025.
- Deep domain expertise with software capabilities.
- Long Standing Relationships with customers globally.
- Leveraging the experience of our Promoter and Senior Managerial Personnel.
- Established market setup and diversified service range.
- Global Presence across various countries.
- In-House Execution with Two-Shift Model.
- Strategic Acquisitions.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Shraddha Shailesh Telge | 6999958 | 97.28 | 6999958 | 71.5 |
| 2 | Uttam Gangadhar Telge | 7 | --- | 7 | --- |
| 3 | Vishal Uttam Telge | 7 | --- | 7 | --- |
| 4 | Shobha Uttam Telge | 7 | --- | 7 | --- |
- We have generated more than 50% revenues from our top 10 customers in the each of the immediately 3 preceding Fiscals, and the loss of such customers or a reduction in our revenue from such customers will have a material adverse impact on our business.
- Our source of revenue is concentrated to export markets in certain geographical locations and our inability to operate and grow our business in such countries may have an adverse effect on our business, financial condition, result of operation, cash flow and future business prospects.
- Our Company is heavily depending on Tekla Structures software. In case of reliance, any corruption, loss, or inaccessibility could have a material adverse impact on our business, results of operations, financial condition and cash flows.
- There are certain discrepancies and non-compliances noticed in some of our financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities which may affect our revenue from operations.
- There are certain discrepancies/errors/delay filings noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate or any other law could impact the financial position of the Company to that extent.
- We currently derive our revenue predominantly from the (Building Information Modeling) BIM Services. If the same is not well received by the market, our business and future prospects could be adversely impacted.
- We are subject to project execution risks where delays arising from design changes, unanticipated site conditions, or client-related factors such as late approvals or frequent scope modifications can disrupt project timelines, increase operational costs and significantly impact our profitability, client satisfaction.
- We are dependent on our empanelled vendors for various software through which we provide services to our clients. The failure of our empanelled vendors to deliver this software in the necessary quantities, on time or to meet specified quality standards or technical specifications, could adversely affect our business and our ability to deliver orders on time.
- Our Company relies on third-party software for design, modeling, and engineering execution. Any flaw or malfunction in such software may result in project delays, client dissatisfaction, reputational harm, or legal liability, which could adversely impact our operations and financial condition.
- If we cannot attract and retain highly-skilled engineers, our ability to obtain, manage and operate new projects and to continue to expand existing projects may result in loss of revenue and an inability to expand our business.
- We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputation and results of operations.
- We have negative cash flow from investing and financing activities in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
- We have not yet placed orders in relation to the capital expenditure requirements and which are proposed to be funded out of the Net Proceeds. If there is any delay in placing the orders, or in the event the vendor is unable to perform its obligations, in part or at all, it may result in time and cost overruns and our business, prospects and results of operations may be adversely affected.
- Our Company has not entered into any long-term contracts with our customers and we typically operate on the basis of orders received. Inability to maintain regular order flow would adversely impact our revenues and profitability.
- Our company propose to acquire a new office premises located at Pune, Maharashtra from M/s. Micro Plast. For further details, please refer to chapter titled "Objects of the Issue" beginning on page 85 of Red Herring Prospectus. The said property was previously purchased by M/s. Micro Plast from M/s. Pune IT Space Solutions Pvt. Ltd. A charge was previously created on the property and was duly satisfied before the property was transferred to M/s. Micro Plast. However, the satisfaction of the charge has not been updated in the relevant registry records.
- A substantial proportion of our business is with global customers which are governed by foreign laws. Any failure to comply with the terms of such foreign laws or contractual obligations may resulting in monetary penalties, legal liabilities, and reputational damage, which could adversely affect our business, financial condition, and future prospects.
- Our Company is subject to foreign exchange control regulations which may expose us to currency fluctuation risks and compliance-related challenges under evolving legal frameworks.
- Our employee benefit expense is one of the major components of our fixed operating costs. An increase in employee benefit expense due to regulatory changes, wage inflation, or market competition may adversely affect our business.
- Our business operates in a rapidly evolving technological landscape. While our Promoter, management currently stay updated with industry developments, there is no assurance that they or our team will continue to adapt effectively. Inability to keep pace with technological changes may lead to missed project opportunities, operational inefficiencies, and loss of competitive edge.
- We operate in a competitive industry. Any inability to compete effectively may lead to a lower market share or reduced operating margins.
- Our future success will depend on our ability to effectively implement our business and growth strategies. Our failure in effectively implementing our business and growth strategies may adversely affect our results of operations.
- We have in the past entered into related party transactions and may continue to do so in the future and we cannot assure you that we could not have achieved more favourable terms if such transactions had not been entered into with related parties and that such transactions will not have an adverse effect on our financial conditions and result of operation.
- Our contingent liabilities could materially and adversely affect our business, results of operations and financial condition.
- We have relied on external representation for lease compliance of our foreign subsidiary i.e. Telge Projects INC. In case on any non-compliance by our foreign subsidiary, it may have material adverse impact on our business, results of operations, financial condition and cash flows.
- Failure to secure, register, and protect our intellectual property, including trademarks, may lead to dilution of our goodwill, exposure to infringement, and may adversely affect our business, financial condition, and results of operations.
- We are exposed to credit risk from our customers and the recoverability of our trade receivables is subject to uncertainties.
- We are dependent on IT technology in carrying out our business activities and it forms an integral part of our business. If we face failure of our information technology systems, we may not be able to compete effectively which may result in lower revenue, higher costs and would adversely affect our business and results of operations.
- We are reliant on our Promoter, Key Managerial Personnel, Senior Management personnel and persons with technical expertise. Failure to retain or replace them will adversely affect our business.
- There is an excessive dependence on IDFC Bank Limited in respect of loan facilities obtained by our Company.
- In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects of this Issue which would in turn affect our revenues and results of operations.
- Certain experience details of Senior Management Personnel have not been included in this Red Herring Prospectus due to unavailability of specific documentary evidence.
- Certain experience details of one of our Independent Director has not been included in this Red Herring Prospectus due to unavailability of specific documentary evidence.
- We have dues which are outstanding to our creditors. Any failure in payment of these dues may have a material adverse effect on our reputation, business and financial condition.
- Failure to meet quality standards required by our customers may lead to cancellation of existing and future orders and expose us including monetary liability.
- The Company failed to report the transaction involving the conversion of an outstanding loan into equity, as stated in the chapter on Capital Structure, under Related Party Transaction disclosures for the financial year 2020-2021.
- Any failure to obtain, renew and maintain requisite statutory and regulatory permits, licenses and approvals for our operations from time to time may adversely affect our business.
- We have incurred substantial secured indebtedness which exposes us to various risks which may have an adverse effect on our business and results of operations.
- Our Company is not having any exact comparable Indian peer which have similar business to our Company.
- The average cost of acquisition of Equity Shares by our Promoter could be lower than the Price Band to be decided by the Company in consultation with the Book Running Lead Manager in accordance with the SEBI ICDR Regulations.
- There is no guarantee that our Equity Shares will be listed on the BSE SME in a timely manner or at all.
- We have incurred indebtedness and an inability to comply with repayment and other covenants in our financing agreements could adversely affect our business and financial condition.
- Our Promoter and Promoter Group will, even after the completion of the Issue, continue to be our largest Shareholders and can influence the outcome of resolutions, which may potentially involve conflict of interest with the other Shareholders.
- Our Promoter, Key Managerial Personnel and Senior Management have interests in our Company other than reimbursement of expenses incurred and normal remuneration or benefits.
- We have availed few of our properties on lease from where we operate our business. There can be no assurance that the lease agreements will be renewed upon termination or that we will be able to obtain other premises on lease on the same or similar commercial terms.
- Our insurance coverage could prove inadequate to satisfy potential claims or protect us from potential operational hazards and losses which may have a material adverse effect on our business, results of operations and financial condition.
- If we fail to maintain an effective system of internal controls, we may not be able to successfully manage, or accurately report, our financial risks. Despite our internal control systems, we may be exposed to operational risks, including fraud, petty theft and embezzlement, which may adversely affect our reputation, business, financial condition, results of operations and cash flows.
- We have taken guarantees from our promoter in relation to Debt Facilities provided to us, in an event any of these persons withdraw or terminate its/her guarantees, the lender for such facilities may ask for alternate guarantees, repayment of amounts outstanding under such facilities, or even terminate such facilities.
- Certain unsecured loans availed by our Company are repayable on demand. Any demand for repayment of such unsecured loans, may adversely affect our cash flows.
- We have not made any alternate arrangements for meeting our capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect our growth plans, operations and financial performance.
- The Directors of our Company does not have experience of being a director of a public listed company.
- We have issued Equity Shares during the last one year at a price below the Issue Price.
- Any variation in the utilisation of proceeds from the Issue shall be subject to applicable law.
- We may need to seek additional financing in the future to support our growth strategies. Any failure to raise additional financing could have an adverse effect on our business, results of operations, financial condition and cash flows.
- We have not paid any dividends in the past years. Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
- There is no guarantee that our Equity Shares will be listed on the BSE in a timely manner or at all and any trading closure at stock exchange may adversely affect the trading price of our Equity Shares. Investors will not be able to sell immediately on an Indian stock exchange any of the Equity Shares they purchase in the Issue.
- The requirements of being a publicly listed company may strain our resources.
- The determination of the Price Band is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares upon listing on the Stock Exchange.
- The objects of the Issue for which funds are being raised have not been appraised by any bank or financial institution and are based on management estimates.
- We have not commissioned an industry report for the disclosures made in the section titled `Industry Overview' and made disclosures on the basis of the data available on the internet and such data has not been independently verified by us.
- Significant differences exist between Indian GAAP and other accounting principles, such as US GAAP and IFRS, which may be material to investors assessments of Our Company's financial condition. Our failure to successfully adopt IFRS may have an adverse effect on the price of our Equity Shares. The proposed adoption of IFRS could result in our financial condition and results of operations appearing materially different than under Indian GAAP.
- Portion of our Issue Proceeds are proposed to be utilized for general corporate purposes which constitute [?] % of the Issue Proceed.
The Issue type of Telge Projects Ltd is Book Building - SME.
The minimum application for shares of Telge Projects Ltd is 2400.
The total shares issue of Telge Projects Ltd is 2594400.
Initial public offer of 25,94,400 equity shares of face value of Rs.10/- each (the "Equity Shares") of Telge Projects Limited ("the Company" or "Telge Projects" or "the Issuer") for cash at a price of Rs. 105 per equity share including a share premium of Rs. 95 per equity share (the "Issue Price") aggregating to Rs.27.24 crores ("the Issue"), of which 1,30,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 105 per equity share including a share premium of Rs. 95 per equity share aggregating to Rs. 1.37 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of upto24,63,600 equity shares of face value of Rs. 10/- each at a price of Rs. 105 per equity share including a share premium of Rs. 95 per equity share aggregating to Rs. 25.87 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.5 % and 25.16 % respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 95/- to Rs. 105/- for equity share of face value of Rs. 10 each.
The floor price is 9.50 times times the face value and cap price is 10.50 times of the face value of the equity shares.
Bids can made for a minimum of 2,400 equity shares and in multiples of 1,200 equity shares thereafter.