Teamtech Formwork Solutions Limited
Bookbuilding IPO · NSE
- Price band
- ₹61 - ₹63
- Lot size
- 2,000 shares
- Issue amount
- ₹50.15 cr
- Total subscription
- 7.09×
- Opens
- 19 May 2026
- Closes
- 21 May 2026
- Allotment
- 22 May 2026
- Listing
- 26 May 2026
Offer at a glance
Issue overview
- Issue size
- 79,60,000 shares
- Face value
- ₹5 Per Share
- Minimum investment
- ₹1,22,000
- Fresh issue
- ₹50.15 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,26,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 2,20,16,000
- Shares after issue
- 2,99,76,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 4,000 | ₹2,52,000 |
| sHNI | 3 | 6,000 | ₹3,78,000 |
| bHNI | 8 | 16,000 | ₹10,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 21 May 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 19 |
| NIB | 0 | 1,196 |
| RETAIL | 662 | 4,035 |
| HNIs(10L +) | 126 | 689 |
| HNIs (2-10L) | 63 | 507 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.53 | 40.81 |
| FIIs | 0 | 11.59 |
| Mutual Funds | 0 | 0.1 |
| Others | 0 | 29.12 |
| RETAIL | 16.68 | 101.68 |
| HNIs 2+ | 2.38 | 19.63 |
| HNIs 10+ | 4.76 | 74.29 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 5.26 | 3.56 | 3.5 |
| ROE | 42.26 | 44.25 | 76.39 |
| ROCE | 40.92 | 37.48 | 57.42 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 11.97 | 0 |
| POST IPO(PE) | 16.29 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in November 2018, Teamtech Formwork Solutions Limited operates on a B2B model and provides modular and customized formwork solutions for the construction industry through manufacturing, refurbishment, and rental services. The company offers modular T-formwork panels and accessories designed for various concrete structures such as walls, foundations, tanks, bridges, shafts, and circular structures. Along with producing new systems, it also refurbishes used formwork to extend product life and offers rental options that help customers reduce upfront investment costs. The company runs a 20,000 sq. ft. manufacturing and refurbishment facility in Bollaram, Telangana, equipped with advanced laser and plywood cutting machinery. It also uses specialized software for design, planning, and operations to improve project accuracy, efficiency, and quotation reliability.
Strengths
- Integrated Manufacturing & Rental Model: Combination of manufacturing, refurbishment, and rental services creates diversified revenue streams.
- Strong Engineering & Technical Expertise: Customized modular formwork solutions supported by design software improve efficiency and accuracy.
- Established Infrastructure & Market Presence: In-house facility with pan-India and international reach supports scalability.
Risk factors
- Dependence on Construction Industry: Business growth linked to infrastructure and real estate activity.
- Capital Intensive Operations: Manufacturing and maintaining formwork inventory require continuous investment.
- Project Execution & Demand Risk: Delays in construction projects can affect equipment utilization and revenues.
Promoters
Eldo Varghese
Chaitanya Prakash Kotagiri
Salinraj Kunnummal
Registrar & documents
Lead manager
GetFive Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →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
+91 7801046161
[email protected]Company website ↗Understanding TEAMTECH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.