Telge Projects Ltd - IPO

Telge Projects Ltd IPO Details

Initial public offer of upto 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. [*] per equity share including a share premium of Rs. [*] per equity share (the Issue Price) aggregating to Rs.[*] crores (the Issue), of which upto 1,30,800 equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] 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. [*] per equity share including a share premium of Rs. [*] per equity share aggregating to Rs. [*] 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.

Objective of issue

Funding of Capital expenditure towards purchase of additional office premises at. Funding of capital expenditure requirements towards Purchase of computers, laptops, other related accessories and Purchase of software subscriptions.. Hiring of Manpower in our Company.. Investment in subsidiary for hiring Manpower in Telge Projects Inc. General Corporate Purpose..

Telge Projects Ltd Contact Details

Telge Projects Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - compliance@telgeprojects.com

Website - https:, telgeprojects.com