IPO details · Updated
Teamtech Formwork Solutions Limited
- Price Band
- ₹61 – ₹63
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,26,000
- Issue Size
- ₹50.15 Cr
- Offer Dates
- 19 May – 21 May 2026
- Listing
- 26 May 2026
Issue Details
- Total Issue Size
- ₹50.15 Cr
- 79,60,000 shares
- Fresh Issue
- ₹50.15 Cr
- 79,60,000 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹5 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 2,20,16,000
- Shares Post-Issue
- 2,99,76,000
IPO Timeline
Offer opens
19 May 2026
Offer closes
21 May 2026
Allotment
22 May 2026
Listing
26 May 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.5%22,66,000 shares
- QIB19.0%15,12,000 shares
- HNI14.2%11,34,000 shares
- Retail33.3%26,48,000 shares
- MarketMaker5.0%4,00,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| All categories | 52,94,000 | 3,71,26,000 | 7.01x |
| Total | 52,94,000 | 3,71,26,000 | 7.01x |
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
2 lots · 4,000 shares
Retail (max)
2 lots · 4,000 shares
S-HNI (min)
3 lots · 6,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,52,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹3,78,000 |
| Big HNI (B-HNI) | 8 | 16,000 | ₹10,08,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | 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 & Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowing | 16.68 | 11.1 | 3.64 |
Key Performance Indicators
| Period | Mar-26 |
|---|---|
| ROE (%) | 42.26 |
| ROCE (%) | 40.92 |
| EPS (₹) | 5.26 |
| P/E (pre-issue) | 11.97 |
| P/E (post-issue) | 16.29 |
About Teamtech Formwork Solutions Limited
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 Experienced Management Team Integrated Business Model Strong Engineering and Technical Capabilities Established Manufacturing and Refurbishment Infrastructure System-Driven and Quality-Focused Operations Pan-India and International Market Presence Diversified Revenue Streams Long-Term Customer Relationships
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 (₹15.50 Cr)
- To meet the working capital requirements (₹13.77 Cr)
- General Corporate Purpose (₹4.29 Cr)
- Issue expenses (₹4.66 Cr)
Promoters
- Eldo Varghese
- Chaitanya Prakash Kotagiri
- Salinraj Kunnummal
Company Information
- Book running lead managers
- GetFive Advisors Pvt.Ltd.
- Registered office
- 3rd Floor, Plot No.1050/1, Sree Sai Enclave, Survey No., 163/Part, Durgamatha House Building, Cooperative, Housing Society Ltd, Hydernagar, Hyderabad, Telangana, 500049
- Market maker
- SMC Global Securities Ltd.
Official Documents
Opens the source filing in a new tab
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.