Teamtech Formwork Solutions IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 19 May 2026
Close Date
Thu, 21 May 2026
Price Band
₹ 61 – 63
Lot Size
2000
Issue Size
₹ 50.15 Cr
Minimum Investment
₹ 252,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Teamtech Formwork Solutions IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹50.15 Crore, comprising a fresh issue of 79.60 Lakh equity shares aggregating to ₹50.15 Crore.
The Teamtech Formwork Solutions IPO remained open for subscription from May 19, 2026, to May 21, 2026. The basis of allotment was finalized on May 22, 2026, and the company's shares were listed on NSE SME Platform on May 26, 2026.
The company had fixed the price band at ₹61 to ₹63 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹252,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Getfive Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Teamtech Formwork Solutions Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Teamtech Formwork Solutions IPO Timeline (Tentative)
- IPO Open Date
- Tue, 19 May 26
- IPO Close Date
- Thu, 21 May 26
- Basis of Allotment
- Fri, 22 May 26
- Initiation of Refunds
- Mon, 25 May 26
- Credit of Shares to Demat
- Mon, 25 May 26
- Listing Date
- Tue, 26 May 26 — NSE & BSE
Open Date
19 May 2026
Close Date
21 May 2026
Basis Of Allotment
22 May 2026
Listing Date
26 May 2026
IPO Subscription
Check Live Subscription →The Teamtech Formwork Solutions IPO has received bids for 3,75,26,000 shares against 52,94,000 shares offered, resulting in an overall subscription of 7.09x. the NII category is subscribed 13.15x, Retail Investors 6.1x, and QIBs 4.28x. Within the NII category, BNII is subscribed 15.6x, while SNII is subscribed 8.24x.
QIB
4.28x
NII
13.15x
BNII
15.6x
SNII
8.24x
RII
6.1x
Total
7.09x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 26,48,000 shares, representing 50.02% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 15,12,000 shares (28.56%), while Non-Institutional Investors (NIIs) receive 11,34,000 shares (21.42%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 1,512,000 | 28.56% |
| Non-Institutional | 1,134,000 | 21.42% |
| BNII | 756,000 | 14.28% |
| SNII | 378,000 | 7.14% |
| Retail Investors | 2,648,000 | 50.02% |
| Total | 5,294,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Teamtech Formwork Solutions Limited KPI Information
| 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 |
| Pat Margin % | 21.6 | 23.96 | 25.39 |
Peers Comparison
No Peer Comparision Available
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
Teamtech Formwork Solutions Limited Address / Contact Details
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
Teamtech Formwork Solutions IPO Lot Size
The Teamtech Formwork Solutions IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹2,52,000 by applying for 2 lot (4,000 shares). The maximum application allowed for the retail category is 2 lots (4,000 shares), requiring an investment of ₹2,52,000.
| 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 |
Issue Reservation
- QIB — 28.56%
- NII — 21.42%
- RII — 50.02%
Book Running Lead Managers
- Getfive Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Teamtech Formwork Solutions 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.
When will the Teamtech Formwork Solutions IPO open for subscription?
The Teamtech Formwork Solutions IPO opens on Tue, May 19, 2026 and closes on Thu, May 21, 2026
What is Teamtech Formwork Solutions IPO Price Band?
Teamtech Formwork Solutions IPO Price Band is ₹61 to 63 per share.
What is Teamtech Formwork Solutions IPO Lot Size?
Teamtech Formwork Solutions IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹252000 based on the upper price band
What is the minimum investment for Teamtech Formwork Solutions IPO?
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.
How to apply for Teamtech Formwork Solutions IPO?
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.
What is Teamtech Formwork Solutions IPO Issue Size?
Teamtech Formwork Solutions IPO issue size is ₹50.15 crores.
What is the Teamtech Formwork Solutions IPO Allotment Date?
Teamtech Formwork Solutions IPO allotment date is Fri, May 22, 2026.
Who is the Teamtech Formwork Solutions IPO Registrar?
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.
Who is the Teamtech Formwork Solutions IPO Lead Manager?
The book-running lead managers (BRLMs) for the Teamtech Formwork Solutions IPO are Getfive Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Teamtech Formwork Solutions IPO Red Herring Prospectus (RHP).