Teamtech Formwork Solutions IPO
Teamtech Formwork Solutions Limited
Minimum investment
Teamtech Formwork Solutions IPO Details
Bidding date
19 May - 21 May 2026
Price range
₹61 - ₹63
Minimum quantity
4,000
Minimum investment
₹1,22,000
Issue size
₹50 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Teamtech Formwork Solutions IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹50.15 Crore
Fresh Issue: 100% (₹50.15 Cr)
OFS: 0% (₹0 Cr)
Fresh Issue – ₹50.15 Crore
- Funding capital expenditure towards purchase of plant & machinery for new manufacturing unit - ₹11.92 Cr
- Repayment / prepayment of borrowings - ₹15.5 Cr
- Meeting working capital requirements - ₹13.77 Cr
Offer for Sale – ₹0 Crore
Before Issue: 79.69%
After Issue: 58.52%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Promoters’ Minimum Contribution (20% of post-issue capital) | 3 Years from the date of allotment |
50% of Promoters’ holding in excess of minimum contribution | 2 Years from the date of allotment |
Remaining 50% of Promoters’ holding in excess of minimum contribution | 1 Year from the date of allotment |
Pre-issue shares held by non-promoters | 1 Year from the date of allotment |
50% of Anchor Investor Portion | 90 Days from the date of allotment |
Remaining 50% of Anchor Investor Portion | 30 Days from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Teamtech Formwork Solutions IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | - |
Retail Individual Investor | - |
Non-Institutional Investor | - |
Others | - |
Total | 6.59x |
About Teamtech Formwork Solutions IPO: Company Overview
Teamtech Formwork Solutions Limited was incorporated in November 2018 and operates on a B2B model focused on manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction industry. The company caters to infrastructure and real estate projects requiring efficient concrete formwork solutions. Its product portfolio includes standard panels, customised panels, formwork accessories, and supporting components that together provide complete modular formwork systems. The company also offers design, engineering, refurbishment, technical support, and rental solutions for structures such as walls, bridges, foundations, tanks, shafts, and circular walls. The company operates a 20,000 sq. ft. manufacturing and refurbishment facility located in Bollaram, Telangana. The facility is equipped with laser cutting and plywood cutting machinery along with specialised software for project design and panel estimation. As of March 31, 2026, the company had 100 employees across engineering, operations, R&D, logistics, finance, sales, and management functions.
Strengths & Risks of Teamtech Formwork Solutions IPO
Strong Engineering and Technical Expertise: Teamtech Formwork Solutions Limited has developed strong engineering capabilities in customised modular formwork solutions. The company provides design, technical support, refurbishment, and rental services, helping it serve a wide range of construction and infrastructure projects efficiently.
Integrated Manufacturing Infrastructure: The company operates a fully integrated manufacturing and refurbishment facility in Telangana equipped with modern laser and plywood cutting machinery. This infrastructure supports quality control, faster execution, and operational efficiency.
Diversified Business Model: Apart from manufacturing, the company also earns revenue through refurbishment and rental services. This diversified and asset-light business model helps generate recurring revenue and improves business stability.
Healthy Financial Performance: The company has reported strong financial growth with improving profitability. It maintains healthy return ratios, including ROE of 42.26% and ROCE of 40.92%, reflecting efficient utilisation of capital and strong operational performance.
Long-Term Customer Relationships: Teamtech Formwork Solutions has built long-term relationships with customers across construction and infrastructure sectors. Its presence in both Indian and international markets helps diversify business opportunities.
Industry Dependency Risk: The company’s business performance is directly linked to the growth of the construction and infrastructure industry. Any slowdown in these sectors may negatively affect demand and revenue generation.
Raw Material Price Risk: The company relies on raw materials such as steel and related components for manufacturing formwork systems. Any sharp increase in raw material prices may impact profit margins.
Execution and Project Delay Risk: The business depends heavily on timely project execution and continuous customer demand. Delays in project completion or lower order inflow may affect operational performance.
Rising Borrowings: The company’s total borrowings increased from Rs. 3.64 Cr in FY24 to Rs. 16.68 Cr in FY26. Higher debt levels may increase financial obligations and interest costs in the future.
SME Listing Risk: As the IPO is proposed to be listed on the NSE SME platform, investors may face higher volatility and lower liquidity compared to mainboard listed companies.
Teamtech Formwork Solutions Financials: Revenue, Profit & EBITDA
54.23 Cr.
Mar'26
11.59 Cr.
Mar'26
17.5 Cr.
Mar'26
How to Apply for Teamtech Formwork Solutions IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
Teamtech Formwork Solutions IPO Market Sentiment: See How Many Are Interested
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