Teamtech Formwork IPO open date is May 19, 2026 and the IPO will close on May 21, 2026. Teamtech Formwork Solutions IPO is a Book building Issue. The company to raise around ₹50.15 crores via IPO that comprises fresh issue of ₹50.15 crores and offer for sale up to [.] equity shares with face value of ₹5 each.
Teamtech Formwork Solutions IPO price band is ₹61 to ₹63 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Teamtech Formwork Solutions IPO to list on BSE NSE on May 26, 2026. The allotment of Teamtech Formwork IPO date is May 22, 2026.
The company reported revenue of ₹54.23 crores in 2026 against ₹32.98 crores in 2025. The company reported profit of ₹11.59 crores in 2026 against profit of ₹7.84 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.
Teamtech Formwork Solutions Subscription
Last updated on 19-May-2026 19:52:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 1512000 | 992000 | 0.66 |
| HNIs | 1134000 | 500000 | 0.44 |
| bHNI | 756000 | 406000 | 0.54 |
| sHNI | 378000 | 94000 | 0.25 |
| Individual | 2648000 | 968000 | 0.37 |
| Total | 5294000 | 2460000 | 0.46 |
| Application-Wise Breakup | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 126 | 25 | 0.2 |
| HNIs (3-10L) | 63 | 13 | 0.21 |
| Individual | 662 | 242 | 0.37 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 9.53 | 6.25 | 0.66 |
| FII | - | 0 | - |
| FI | - | 0 | - |
| IC | - | 0 | - |
| MF | - | 0 | - |
| OTH | - | 6.25 | - |
| HNIs | 7.14 | 3.15 | 0.44 |
| bHNI | 4.76 | 2.56 | 0.54 |
| sHNI | 2.38 | 0.59 | 0.25 |
| Individual | 16.68 | 6.1 | 0.37 |
| Total | 33.35 | 15.5 | 0.46 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.1 | @8% ₹0.1 | @9% ₹0.1 | @10% ₹0.1 | @11% ₹0.1 | @12% ₹0.1 |
Teamtech Formwork Solutions Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 4000 | 252000 | 662 |
| sHNI | 3 | 6000 | 378000 | 63 |
| bHNI | 8 | 16000 | 1008000 | 126 |
Teamtech Formwork Solutions Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 7960000 | 100% |
| Anchor | 2266000 | 28.47% |
| QIB | 1512000 | 18.99% |
| HNI | 1134000 | 14.25% |
| INDIVIDUAL | 2648000 | 33.27% |
| Market Maker | 400000 | 5.03% |
Teamtech Formwork Solutions About
IPO Details
Since its establishment in November 2018, Teamtech Formwork Solutions has been engaged in the construction industry. The firm basically manufactures, refurbishes, and rents formwork systems used in construction projects. The company provides modular T formwork, customized formwork, and various other accessories.
The firm buys, rents, and refurbishes old used formwork systems so that they can be reused for a long period of time. Moreover, the firm also allows construction companies to rent the formwork equipment without spending a large amount. Teamtech Formwork sells a wide range of modular T Formwork systems for various concrete structures, such as foundations, walls, shafts, tanks, bridges, and circular walls. In simple terms, the firm mainly sells, rents, and refurbishes the formwork solutions, supporting the construction industry.
| Total Issue Size | 79,60,000 shares (aggregating up to ₹50.15 Cr) |
| Fresh Issue | 79,60,000 shares (aggregating up to ₹50.15 Cr) |
| Face Value | ₹5/- Per Share |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,20,16,000shares |
| Share Holding Post Issue | 2,99,76,000 shares |
| Reserved for Market Maker | 4,00,000 shares (aggregating up to ₹2.52 Cr) |
| Market Maker | SMC Global Securities Limited |
Key Performance Indicators (KPI)
| KPI | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE | 42.26% | 44.25% | 76.39% |
| ROCE | 40.92% | 37.48% | 57.42% |
| EPS (BASIC) | 5.26 | 3.56 | 3.50 |
| P/E Pre IPO | 11.97 | ||
| P/E Post IPO | 16.29 |
Company Financial (In ₹Crore)
| Period Ended | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 66.75 | 40 | 24.96 |
| Total Income | 54.23 | 32.98 | 30.31 |
| Profit After Tax | 11.59 | 7.84 | 7.69 |
| EBITDA | 17.5 | 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 | 11.1 | 3.64 |
COMPARISON WITH INDUSTRY PEERS
*Company does not have any peer group company for comparison with Industry Peer.
About Company
Teamtech Formwork Solutions Limited, incorporated in November 2018, is a B2B construction solutions company engaged in the manufacturing, refurbishment, and rental of modular formwork systems, with a primary focus on modular T-formwork and customized formwork solutions.
TEAMTECH was founded by a group of experienced professionals in the formwork industry with a shared vision to modernize and transform construction practices. Headquartered in Hyderabad, Telangana, the Company operates a state-of-the-art manufacturing facility, enabling efficient production and timely delivery of solutions across India and global markets.
Business Model
The Company follows an integrated business model, offering:
- Manufacturing of new modular formwork systems
- Refurbishment & reconditioning of used formwork to extend lifecycle
- Rental solutions, allowing customers to access formwork without high upfront capital investment
This approach supports cost efficiency, asset utilization, and recurring revenue generation.
Product & Solutions
TEAMTECH provides customized modular formwork panels and accessories designed for a wide range of construction applications, including:
- Foundations, walls, shafts, and tanks
- Bridges and circular structures
- Other vertical concrete structures
Its systems are engineered for durability, ease of use, high load-bearing capacity, and repeated usage, ensuring superior construction quality and efficiency.
Technology Advantage
Traditional formwork methods using timber and plywood are often time-consuming, labor-intensive, and less efficient. TEAMTECH’s modern system formwork solutions are:
- Technologically advanced and systematic
- Suitable for pump-based concreting
- Designed for faster installation and improved surface finish
- More sustainable and cost-effective
These solutions help reduce construction time by up to 33% (excluding finishing), lower labour dependency, minimize rework, and improve project cash flows.
Strength
Experienced Management Team Promoters bring strong industry experience, enabling effective planning, execution, and smooth operational continuity.
Integrated Business Model: Covers manufacturing, refurbishment, and rental of modular formwork, supporting diverse customer needs and generating recurring revenue.
Strong Engineering & Technical Capabilities: In-house team with design expertise and software capabilities ensures efficient project planning, customization, and timely execution.
Risk Factors
Promoter Conflict of Interest Risk: Promoter Group entity operates in the same business, creating potential conflicts, competition for opportunities, and no non-compete protection.
Raw Material & Inventory Management Risk: Dependence on third-party suppliers and price fluctuations may disrupt supply and increase costs, while poor inventory management can impact sales, cash flows, and profitability.
Related Party & Governance Risk: Promoters’ involvement in similar ventures and past related-party transactions may affect decision-making and investor confidence.
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