| IPO Date | May 19, 2026 to May 21, 2026 |
| Listing Date | May 26, 2026 |
| Face Value | ₹ 5 / Share |
| Price Band | ₹ 61 to ₹ 63 / Share |
| Lot Size | 2000 Shares |
| Total Issue Size | 7960000 (Aggregating up to 50 ) |
| Fresh Issue | 7560000 (Aggregating up to 48) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share holding pre issue | 22016000 |
| Share holding post issue | 29976000 |
| Market Maker portion |
Teamtech Formwork IPO opens on May 19, 2026, and closes on May 21, 2026.
| IPO Open Date | May 19, 2026 |
| IPO Close Date | May 21, 2026 |
| Basis of Allotment | May 22, 2026 |
| Initiation of Refunds | May 25, 2026 |
| Credit of Shares to Demat | July 25, 2026 |
| Listing Date | May 26, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | Rs.252,000 |
| Retail (Max) | 2 | 4,000 | Rs.252,000 |
| S-HNI (Min) | 3 | 6,000 | Rs.378,000 |
| S-HNI (Max) | 7 | 14,000 | Rs.882,000 |
| B-HNI (Min) | 8 | 16,000 | Rs.1,008,000 |
| HNI (Min) |
| Share Holding Pre Issue | 22016000 |
| Share Holding Post Issue | 29976000 |
Teamtech Formwork Solutions IPO comprises a total issue size of 79,60,000 shares. The net offer to the public is 75,60,000 shares, after excluding 4,00,000 shares allotted on a firm basis. Of the Net offer 37,78,000 (49.97%) are allocated to QIB, 11,34,000 (15.00%) allocated to NII 26,48,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2266000 |
28.47 |
| Market Maker Shares Offered | 400000 |
5.03 |
| Other Shares Offered | |
|
| QIB Shares Offered | 1512000 |
18.99 |
| NII (HNI) Shares Offered | 1134000 15.00 |
14.25 |
| bNII > ₹10L | 756000 |
9.50 |
| sNII < ₹10L | 378000 |
4.75 |
| Retail Shares Offered | 2648000 35.03 |
33.27 |
| Employee Shares Offered | |
|
| Total Shares Offered | 7960000 100.00 |
| Bid Date | 2026-05-18 |
| Shares Offered | 2266000 |
| Anchor Portion Size (In Cr.) | 14.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 21, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 20, 2026 |
Incorporated in November 2018, Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model, manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction industry.
The company’s product portfolio includes standard panels, customised panels, and formwork accessories & supporting components, which together form a complete modular formwork system for various construction requirements.
The company provides modular T-formwork systems with customised design, engineering, technical support, refurbishment, and rental solutions for vertical concrete structures such as walls, shafts, tanks, bridges, foundations, and circular walls.
The company operates a 20,000 sq. ft. in-house manufacturing and refurbishment facility in Bollaram, Telangana, equipped with laser and plywood cutting machinery. It also uses specialised formwork planning software for project design, panel estimation, and operational planning.
As of March 31, 2026, the company had 100 employees across administration, engineering, operations, R&D, logistics, finance, sales, and management departments.
Competitive Strength
| KPI | Values |
|---|---|
| ROE | 42.26 |
| ROCE | 40.92 |
| Debt/Equity | 0.50 |
| RoNW | 34.89 |
| P/BV | 4.17 |
| PAT Margin (%) | 21.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.26 | 3.87 |
| P/E (x) | 11.97 | 16.29 |
Eldo Varghese, Chaitanya Prakash Kotagiri and Salinraj Kunnummal
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
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