Published: 14 May 2026 | 5.57 AM
Last Updated: 14 May 2026 | 12.01 PM
IPO Overview / Intro
Teamtech Formwork Solutions IPO is an SME book-built issue of Rs. 50.15 crore. The issue comprises entirely a fresh issue of 79.60 lakh shares. The IPO opens for subscription on 19 May 2026 and closes on 21 May 2026. The company is proposed to be listed on the NSE SME platform on 26 May 2026.
Teamtech Formwork Solutions Limited operates in the construction engineering and modular formwork segment through a B2B business model focused on manufacturing, refurbishing and renting modular T-formwork systems for infrastructure and construction projects. The company provides customised formwork systems, engineering support and refurbishment services for concrete structures including walls, tanks, bridges and foundations.
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Book Build IPO |
| Issue Size | Rs. 50.15 Cr |
| Business | Modular Formwork Solutions |
| Listing Exchange | NSE SME |
| Issue Nature | Fresh Issue Only |
| Price Band | Rs. 61 to Rs. 63 |
| Retail Application | 2 Lots Mandatory |
| Listing Date | 26 May 2026 |
| Lead Manager | GetFive Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
Teamtech Formwork Solutions IPO GMP – Latest Update
| Particulars | Details |
|---|---|
| IPO GMP Today | Rs. NA |
| Kostak | NA |
| Subject to Sauda | NA |
| GMP Trend | Awaited |
Teamtech Formwork Solutions IPO Subscription Status – Live Update
| Investor Category | Subscription Status |
|---|---|
| QIB | Yet to Open |
| NII | Yet to Open |
| Retail | Yet to Open |
| Total | Yet to Open |
IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Date | 19 May to 21 May 2026 |
| Listing Date | 26 May 2026 |
| Face Value | Rs. 5 per share |
| Price Band | Rs. 61 to Rs. 63 |
| Lot Size | 2,000 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue Only |
| Listing At | NSE SME |
| Total Issue Size | 79,60,000 Shares (Rs. 50.15 Cr) |
| Market Maker Portion | 4,00,000 Shares (Rs. 2.52 Cr) |
| Fresh Issue (Ex-Market Maker) | 75,60,000 Shares (Rs. 47.63 Cr) |
| Net Offer to Public | 75,60,000 Shares (Rs. 47.63 Cr) |
| Shareholding Pre Issue | 2,20,16,000 Shares |
| Shareholding Post Issue | 2,99,76,000 Shares |
| Market Cap (Pre-IPO) | To Be Declared |
IPO Timetable
| Event | Date |
|---|---|
| IPO Open | Tuesday, 19 May 2026 |
| IPO Close | Thursday, 21 May 2026 |
| Allotment Finalisation | Friday, 22 May 2026 |
| Refund Initiation | Monday, 25 May 2026 |
| Credit of Shares | Monday, 25 May 2026 |
| Listing Date | Tuesday, 26 May 2026 |
Reservation
| Investor Category | Shares Offered | % of Net Issue |
|---|---|---|
| QIB Shares Offered | 37,78,000 | 49.97% |
| NII Shares Offered | 11,34,000 | 15.00% |
| Retail Shares Offered | 26,48,000 | 35.03% |
| Market Maker Shares Offered | 4,00,000 | 5.03% |
| Total Shares Offered | 79,60,000 | 100.00% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | Rs. 2,52,000 |
| Retail (Max) | 2 | 4,000 | Rs. 2,52,000 |
| S-HNI (Min) | 3 | 6,000 | Rs. 3,78,000 |
| S-HNI (Max) | 7 | 14,000 | Rs. 8,82,000 |
| B-HNI (Min) | 8 | 16,000 | Rs. 10,08,000 |
Company Details
Teamtech Formwork Solutions Limited, incorporated in November 2018, operates in the modular construction engineering segment through manufacturing, refurbishing and rental of modular T-formwork systems used in infrastructure and building construction projects.
The company’s product portfolio includes standard formwork panels, customised formwork systems and construction support accessories designed for vertical concrete structures including walls, shafts, tanks, bridges and foundations. It also provides engineering support, technical planning, refurbishment and rental services for construction contractors.
The company operates a 20,000 sq. ft. manufacturing and refurbishment facility in Bollaram, Telangana equipped with laser cutting and plywood cutting machinery. It also uses specialised formwork planning software for panel estimation, design optimisation and project execution.
Teamtech Formwork Solutions serves customers across India and select international markets through its engineering-focused and system-driven construction solutions model. As of March 2026, the company had 100 employees across engineering, operations, R&D, logistics and management functions.
| Particulars | Details |
|---|---|
| Registered Office | 3rd Floor, Plot No. 1050/1, Sree Sai Enclave, Hydernagar, Hyderabad, Telangana – 500049 |
| Phone | +91 7801046161 |
| complianceofficer@teamtechengg.com | |
| Manufacturing Facility | Bollaram, Telangana |
| Business Segment | Modular Formwork Solutions |
| Operating Model | B2B Construction Engineering |
| Key Services | Manufacturing, Rental & Refurbishment |
| Particulars | Details |
|---|---|
| Lead Manager | GetFive Advisors Pvt. Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Market Maker | SMC Global Securities Ltd. |
Financials
| Particulars (Rs. Cr.) | FY26 | FY25 | FY24 |
|---|---|---|---|
| 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 & Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowings | 16.68 | 11.10 | 3.64 |
Valuation
| Objects of the Issue | Estimated Amount (Rs. Cr.) |
|---|---|
| Capital Expenditure for New Manufacturing Unit | 11.92 |
| Repayment / Prepayment of Borrowings | 15.50 |
| Working Capital Requirements | 13.77 |
| General Corporate Purpose | Balance |
| Total | 41.19 |
| KPI | FY26 |
|---|---|
| ROE | 42.26% |
| ROCE | 40.92% |
| Debt/Equity | 0.50 |
| RoNW | 34.89% |
| PAT Margin | 21.60% |
| EBITDA Margin | 32.61% |
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| Promoter Holding | 81.25% | NA |
Chanakya View
Teamtech Formwork Solutions IPO operates in the modular construction engineering and formwork solutions segment where demand continues to rise due to infrastructure expansion, real estate development and increasing adoption of efficient construction technologies.
The company has demonstrated strong financial growth with FY26 revenue increasing by 64% and PAT rising by 48% over FY25. Its integrated business model covering manufacturing, refurbishment, rental and engineering support creates diversified revenue streams and operational scalability.
The company’s strong EBITDA margins, engineering capabilities, Telangana manufacturing infrastructure and long-term client relationships are key positives. However, investors should also note the cyclical nature of the construction industry and dependence on infrastructure capex activity.
| Parameter | Chanakya View |
|---|---|
| Business Model | Modular Construction Solutions |
| Financial Trend | Strong Growth |
| Margin Profile | Strong |
| Valuation | Attractive |
| Risk Level | Moderate |
| Listing Appeal | Positive |
| Long-Term Appeal | Strong Selective |
Chanakya View: Teamtech Formwork Solutions IPO appears to be a fundamentally strong SME IPO benefiting from infrastructure and construction sector growth. Strong margins, scalable operations and engineering-focused business model make the issue attractive for selective investors with medium-to-long term perspective.
Frequently Asked Questions (FAQs)
What is Teamtech Formwork Solutions IPO GMP today?
Teamtech Formwork Solutions IPO GMP today is currently unavailable in the grey market. GMP activity is expected to emerge closer to listing.
What is the Teamtech Formwork Solutions IPO price band?
The IPO price band is fixed at Rs. 61 to Rs. 63 per share.
What is the Teamtech Formwork Solutions IPO lot size?
The minimum lot size for retail investors is 2 lots comprising 4,000 shares worth Rs. 2,52,000.
When will Teamtech Formwork Solutions IPO list?
Teamtech Formwork Solutions IPO is scheduled to list on NSE SME on 26 May 2026.