Telge Projects IPO Sees Moderate Demand, Subscribed 2.99x by Day 3

Telge Projects Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription, with Telge Projects' stock price set at ₹95-105 per share reflecting steady market reception. The ₹27.24 crore IPO reached 2.99 times by 5:05:00 PM on day three.

Telge Projects IPO qualified institutional buyers (ex-anchor) segment leads with strong 5.41 times subscription, whilst non-institutional buyers demonstrate moderate participation at 2.75 times and individual investors show moderate interest at 1.72 times, whilst anchor investors show complete participation at 1.00 times.

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IPO Subscription Status

Subscription Details as of Day 3 (September 29, 2025, 5:05:00 PM)

Total Applications: 764

Key Highlights - Day 3

• Overall subscription reached moderate 2.99 times, showing substantial improvement from day two's 0.20 times
• Qualified institutional buyers (ex-anchor) showing strong performance at 5.41 times, building substantially from day two's 0.25 times
• Non-institutional investors displaying moderate interest at 2.75 times, building substantially from day two's 0.26 times
• Individual investors showing moderate confidence at 1.72 times, building substantially from day two's 0.15 times
• Total applications reached 764, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹54.39 crores, exceeding the issue size of ₹27.24 crores

Telge Projects IPO - Day 2 Subscription at 0.20 Times

• Overall subscription reaching limited 0.20 times, showing improvement from day one's 0.12 times
• Non-institutional investors showing limited performance at 0.26 times, declining from day one's 0.37 times
• Qualified institutional buyers (ex-anchor) showing limited performance at 0.25 times, building from day one's 0.00 times
• Individual investors displaying minimal confidence at 0.15 times, building marginally from day one's 0.09 times

Telge Projects IPO - Day 1 Subscription at 0.12 Times

• Overall subscription reached limited 0.12 times, showing cautious initial investor interest
• Non-institutional investors showing limited performance at 0.37 times, indicating weak HNI appetite
• Individual investors displaying minimal confidence at 0.09 times, showing very weak retail sentiment
• Qualified institutional buyers showing minimal performance at 0.00 times, indicating no initial institutional appetite

About Telge Projects Limited

Telge Projects Limited is engaged in comprehensive engineering design services including Building Information Modeling, structural engineering design, material take-offs, 2D drafting, and architectural services, serving EPC firms, fabricators, and contractors, having executed projects across 11 countries including Australia, Canada, UK, USA, and Singapore with 166 employees as of March 2025.