Teamtech Formwork Solutions IPO Details
The Teamtech Formwork Solutions IPO is a book build issue with a total issue size of ₹50.15 cr, comprising of fresh issue of 7960000 equity shares. Teamtech Formwork Solutions IPO opened for subscription on May 19, 2026 and closed on May 21, 2026. Teamtech Formwork Solutions IPO is set price band at ₹61 to ₹63 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹252,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on May 22, 2026, and listed on the NSE on May 26, 2026.
Kfin Technologies Limited has been appointed as the registrar. Getfive Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Teamtech Formwork Solutions IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 61 – 63
- Lot Size
- 2000
- Issue Size
- ₹50.15 Cr
- Minimum Investment
- ₹252000 (4000 Shares)
- Listing Date
- 26 May 2026
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Teamtech Formwork Solutions Limited
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.
Teamtech Formwork Solutions IPO Promoters
- Eldo Varghese
- Chaitanya Prakash Kotagiri
- Salinraj Kunnummal
Promoters Holding
Holding Pre Issue
81.25%
Holding Post Issue
0.00%
Teamtech Formwork Solutions IPO Objective
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
Book Running Lead Managers
- Getfive Advisors Private Limited
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 with a total issue size of ₹50.15 crore. The Teamtech Formwork Solutions IPO price band is ₹61 to 63 per share. The Teamtech Formwork Solutions IPO subscription opens on Tue, May 19, 2026, and closes on Thu, May 21, 2026. The Teamtech Formwork Solutions IPO will be listed on the NSE. Kfin Technologies Limited is the registrar for the Teamtech Formwork Solutions IPO.
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 per share.
Teamtech Formwork Solutions IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
The minimum investment for Teamtech Formwork Solutions IPO is ₹252000, based on one lot of 2000 shares at the upper price band of ₹63 per share.
Investors can apply for the Teamtech Formwork Solutions IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, May 21, 2026. The application amount remains blocked until the Teamtech Formwork Solutions IPO allotment is finalized.
Teamtech Formwork Solutions IPO issue size is ₹50.15 crores.
Teamtech Formwork Solutions IPO allotment date is Wed, Jul 1, 2026.
The registrar for Teamtech Formwork Solutions IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Teamtech Formwork Solutions IPO allotment status, refund processing, and other IPO-related information.