Teamtech Formwork Solutions IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 61 – 63
Lot Size
2000
Issue Size
₹50.15 Cr
Minimum Investment
₹252000 (4000 Shares)
Listing Date
26 May 2026
Subscription
7.09x
About the Company
ncorporated in November 2018, Teamtech Formwork Solutions Limited is engaged in the manufacturing, refurbishment, and rental of modular T-formwork and customised formwork systems for the construction industry, operating primarily on a business-to-business (B2B) model.
The company offers a comprehensive range of products, including standard panels, customised panels, formwork accessories, and supporting components, which together provide complete modular formwork solutions for diverse construction applications. Its systems are designed to support vertical concrete structures such as walls, shafts, tanks, bridges, foundations, and circular walls.
In addition to manufacturing, the company provides end-to-end services including customised design, engineering support, technical assistance, refurbishment, and rental solutions tailored to project-specific construction requirements.
Teamtech Formwork Solutions Limited operates a 20,000 sq. ft. in-house manufacturing and refurbishment facility located in Bollaram, Telangana. The facility is equipped with advanced laser cutting and plywood cutting machinery to ensure precision manufacturing and efficient refurbishment processes. The company also utilises specialised formwork planning software for project design, panel estimation, and operational planning.
As of March 31, 2026, the company had a workforce of 100 employees across various functions, including administration, engineering, operations, research & development, logistics, finance, sales, and management.
Promoters
- Eldo Varghese
- Chaitanya Prakash Kotagiri
- Salinraj Kunnummal
Promoters Holding
Holding Pre Issue
81.25%
Holding Post Issue
0.00%
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit
- Repayment/prepayment of all or certain of our borrowing availed by your company
- To meet the working capital requirements
- General Corporate Purpose
Address / Contact Info
Teamtech Formwork Solutions Ltd. Address
3rd Floor, Plot No. 1050/1, Sree Sai Enclave,
Survey No., 163/Part, Durgamatha House Building
Cooperative, Housing Society Ltd, Hydernagar,
Hyderabad, Telangana, 500049
Tel No: +91 7801046161
Email:complianceofficer@teamtechengg.com
Website:http://www.teamtechengg.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 19 May 2026
IPO Close Date
Thursday, 21 May 2026
Basis of Allotment
Friday, 22 May 2026
Initiation of Refunds
Monday, 25 May 2026
Credit of Shares to Demat
Monday, 25 May 2026
Listing Date
Tuesday, 26 May 2026 — NSE & BSE
Important Dates
Open Date
19 May 2026
Close Date
21 May 2026
Basis Of Allotment
22 May 2026
Listing Date
26 May 2026
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.75 | 40 | 24.96 |
| Revenue | 54.23 | 32.98 | 30.31 |
| Profit After Tax | 11.59 | 7.84 | 7.69 |
| Net Worth | 33.22 | 21.63 | 13.79 |
| Reserve & Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowings | 16.68 | 11.1 | 3.64 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 42.26 | 44.25 | 76.39 |
| ROCE % | 40.92 | 37.48 | 57.42 |
| Debt / Equity | 0.5 | 0.51 | 0.26 |
| RoNW % | 34.89 | 36.24 | 55.79 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 21.6 | 23.96 | 25.39 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1512000 | 28.56 | 0 |
| Non-Institutional | 1134000 | 21.42 | 0 |
| BNII | 756000 | 14.28 | 0 |
| SNII | 378000 | 7.14 | 0 |
| Retail Investors | 2648000 | 50.02 | 0 |
| Total | 5294000 | 100 | 0 |
Subscription Status ( Thu, 21 May 26 01:45 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1512000 | 6478000 | 4.28x |
| Non-Institutional | 1134000 | 14908000 | 13.15x |
| BNII | 756000 | 11792000 | 15.6x |
| SNII | 378000 | 3116000 | 8.24x |
| Retail Investors | 2648000 | 16140000 | 6.1x |
| Total | 5294000 | 37526000 | 7.09x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 252,000.00 |
| Retail (Max) | 2 | 4,000 | 252,000.00 |
| S-HNI (Min) | 3 | 6,000 | 378,000.00 |
| S-HNI (Max) | 7 | 14,000 | 882,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,008,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Getfive Advisors Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Teamtech Formwork Solutions IPO is a Book-building IPO worth ₹50.15 crores. The price band is ₹61 to 63 per share. The IPO opens on Tue, May 19, 2026 and closes on Thu, May 21, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Teamtech Formwork Solutions IPO opens on Tue, May 19, 2026 and closes on Thu, May 21, 2026
Teamtech Formwork Solutions IPO Price Band is ₹61 to 63.
Teamtech Formwork Solutions IPO lot size is 2000, and the minimum amount required for application is ₹252000.
The minimum investment for Teamtech Formwork Solutions IPO is approximately ₹252000 based on the upper price band.
To apply for the Teamtech Formwork Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, May 21, 2026. After submission, funds are blocked until the basis of allotment of Teamtech Formwork Solutions IPO is finalised.
Teamtech Formwork Solutions IPO issue size is ₹50.15 crores.
Teamtech Formwork Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Teamtech Formwork Solutions IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Teamtech Formwork Solutions IPO through their official website or helpline.