Teamtech Formwork Solutions IPO
- Issue price
- ₹63
- Listing price
- ₹71
- +12.70%
- Current price
- ₹145.95
- +131.67%
- Subscribed
- 4.71x
- Issue size
- ₹50 Cr
- Listed on
- 26 May 2026
IPO timeline
- Opens19 MayTue
- Closes21 MayThu
- Allotment22 MayFri
- Refunds25 MayMon
- Demat credit25 MayMon
- Listing26 MayTue
Issue details
- Price band
- ₹61 – ₹63 per share
- Issue size
- ₹50 Cr
- Fresh issue
- ₹50 Cr · 0.79 Cr shares
- Offer for sale
- None
- Issue type
- Fresh capital only
- Face value
- ₹5 per share
- Lot size
- 2,000 shares
- Minimum investment
- ₹1,26,000
- Listing on
- NSE SME
- Exchange code
- TEAMTECH-SM · TEAMTECH
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,26,000 |
| Retail (Max) | 1 | 2,000 | ₹1,26,000 |
| HNI (Min) | 2 | 4,000 | ₹2,52,000 |
Reservation
- QIB
- 37,78,000 shares (49.97% of the Offer)
- NII
- 11,34,000 shares (15.00% of the Offer)
- Retail
- 26,48,000 shares (35.03% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on KFin Technologies- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 22 May 2026
- Refunds initiated
- 25 May 2026
- Shares credited to demat
- 25 May 2026
- Listing
- 26 May 2026
Grey market premium (GMP)
- Current GMP
- ₹0
- —
- Estimated listing price
- ₹63
- Issue price ₹63
- Highest
- ₹0
- 14 May
- Lowest
- ₹0
- 14 May
GMP by day (₹ per share)
Day-wise GMP table
| Date | GMP | Premium | Est. listing |
|---|---|---|---|
| 25 May 2026 | ₹0 | — | ₹63 |
| 23 May 2026 | ₹0 | — | ₹63 |
| 22 May 2026 | ₹0 | — | ₹63 |
| 21 May 2026 | ₹0 | — | ₹63 |
| 20 May 2026 | ₹0 | — | ₹63 |
| 19 May 2026 | ₹0 | — | ₹63 |
| 18 May 2026 | ₹0 | — | ₹63 |
| 15 May 2026 | ₹0 | — | ₹63 |
| 14 May 2026 | ₹0 | — | ₹63 |
- Kostak rate
- ₹0
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB1.71x
- NII (HNI)13.15x
- Retail6.1x
- Anchor—
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 37,78,000 | 64,78,000 | 1.71x |
| Non-Institutional Investors (NII) | 11,34,000 | 1,49,08,000 | 13.15x |
| Retail Individual Investors (RII) | 26,48,000 | 1,61,40,000 | 6.1x |
| Anchor Investors | 22,66,000 | — | — |
| Total | 79,60,000 | 3,75,26,000 | 4.71x |
Financials
- P/E Ratio
- 16.29
- EPS (₹)
- 3.87
- RoCE
- 40.92%
- RoNW
- 34.89%
- PAT Margin
- 21.60%
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.75 | 40.00 | 24.96 |
| Total Income | 54.23 | 32.98 | 30.31 |
| Profit After Tax | 11.59 | 7.84 | 7.69 |
| EBITDA | 17.50 | 9.24 | 9.11 |
| NET Worth | 33.22 | 21.63 | 13.79 |
| Reserves and Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowing | 16.68 | 11.10 | 3.64 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Teamtech Formwork Solutions This IPO | ₹50 Cr | 16.29 | 34.89% | 21.60% | 4.71x | +12.70% |
| Safety Controls & Devices SME · listed 13 Apr 2026 | ₹48 Cr | 15.51 | 21.32% | 8.77% | 1.26x | +3.75% |
| Srinibas Pradhan Constructions SME · listed 13 Mar 2026 | ₹20.32 Cr | 9.37 | 55.76% | 7.34% | 1.13x | +2.09% |
| Indo SMC SME · listed 21 Jan 2026 | — | 14.86 | 43.27% | 11.13% | 102.83x | 0.00% |
| Gabion Technologies India SME · listed 13 Jan 2026 | — | 17.04 | 30.05% | 6.60% | 768.12x | +9.88% |
| E to E Transportation Infrastructure SME · listed 2 Jan 2026 | — | -ve | 12.39% | 5.73% | 527.76x | 0.00% |
| Dhara Rail Projects SME · listed 31 Dec 2025 | — | 13.45 | 50.66% | 14.67% | 112.01x | +9.52% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Teamtech Formwork Solutions
Teamtech Formwork Solutions is an engineering and construction support company engaged in providing modern formwork and scaffolding solutions for the infrastructure and real estate sector. The company was established to cater to the growing demand for efficient and cost-effective construction systems in India. Over the years, it has developed expertise in designing, manufacturing, refurbishing and supplying modular formwork products for residential, commercial and infrastructure projects. The company offers a wide range of aluminium and steel formwork systems, scaffolding products and related construction solutions. It operates on a business model that includes manufacturing, rental and project-based services, helping construction companies reduce project timelines and labour costs. The business is promoted by experienced industry professionals who focus on quality standards, customer relationships and expanding the company’s presence across major construction markets in India.
Strengths
- Strong presence in modular formwork and construction support solutions.
- Asset-light rental business model supports recurring revenue generation.
- Healthy EBITDA and PAT margins with consistent profitability growth.
- Experienced promoters with over 60 years combined industry experience.
- Growing infrastructure and real estate demand supports future business expansion.
Risks
- Business depends heavily on construction and infrastructure sector demand.
- Rising debt levels may impact future cash flow and profitability.
- Operations are capital intensive with high working capital requirements.
- Competition from organised and regional formwork solution providers remains high.
- Delay in project execution can affect rental income and order flow.
Objects of the issue
- Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit₹11.92 Cr
- Repayment/prepayment of all or certain of the borrowing availed by your company₹15.5 Cr
- To meet the working capital requirements₹13.77 Cr
- General Corporate Purpose
Promoters and shareholding
Eldo Varghese, Chaitanya Prakash Kotagiri and Salinraj Kunnummal
- Shares outstanding, pre-issue
- 81.25
- Shares outstanding, post-issue
- NA
Registrar, lead managers and documents
Lead manager
Company contact
3rd Floor, Plot No.1050/1, Sree Sai Enclave, Survey No., 163/Part, Durgamatha House Building, Cooperative, Housing Society Ltd, Hydernagar, Hyderabad, Telangana, 500049
+91 7801046161
complianceofficer@teamtechengg.comTeamtech Formwork Solutions IPO: common questions
When does the Teamtech Formwork Solutions IPO open and close?
The Teamtech Formwork Solutions IPO opens on 19 May 2026 and closes on 21 May 2026.
What is the price band of the Teamtech Formwork Solutions IPO?
The price band is ₹61 – ₹63 per share, with a lot size of 2,000 shares and a minimum investment of ₹1,26,000.
What is the size of the Teamtech Formwork Solutions IPO?
The issue size is ₹50 Cr (Fresh capital only).
What is the GMP of the Teamtech Formwork Solutions IPO?
The last reported grey market premium is ₹0 per share as of 25 May 2026, 10:26 AM IST. GMP is unofficial and changes frequently.
When is the Teamtech Formwork Solutions IPO allotment?
The basis of allotment is expected on 22 May 2026. Allotment status can be checked with the registrar, KFin Technologies Limited.
When will the Teamtech Formwork Solutions IPO list?
The shares listed on 26 May 2026 on NSE SME.
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