How to Check Teamtech Formwork Solutions IPO Allotment Status

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.

Teamtech Formwork Solutions IPO is a book build issue of ₹50.15 crore, entirely comprising a fresh issue of 0.80 crore shares aggregating to ₹50.15 crore. The IPO opened on May 19, 2026, and closed on May 21, 2026. The allotment is expected on Friday, May 22, 2026. The share price band was set at ₹61 to ₹63 per share.

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Steps to Check Teamtech Formwork Solutions IPO Allotment Status on Registrar Site

• Visit the Kfin Technologies Ltd.
• Select "Teamtech Formwork Solutions" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Teamtech Formwork Solutions IPO Subscription Status

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Teamtech Formwork Solutions" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Teamtech Formwork Solutions IPO subscribed 7.01 times overall. Here is the category-wise breakdown as of 5:10:00 PM on May 21, 2026:

Teamtech Formwork Solutions Subscription Status

• QIB Category (Ex Anchor): 4.28 times
• Non-Institutional Investors (NII): 12.79 times
• Individual Investors: 6.10 times

Teamtech Formwork Solutions IPO Share Price and Investment Details

The minimum investment required was ₹2,52,000 for 2 lots (4,000 shares) for individual investors. The issue raised ₹14.28 crore from anchor investors. The issue includes a reservation of up to 4,00,000 shares for the market maker, SMC Global Securities Ltd. The anchor investor lock-in period ends on June 21, 2026 for 50% of shares (30 days) and August 20, 2026 for the remaining shares (90 days). Given the overall subscription of 7.01 times with solid institutional interest at 4.28 times, strong NII participation at 12.79 times, and healthy individual investor subscription at 6.10 times, the share price listing expectations remain positive.

Utilisation of IPO Proceeds

The proceeds will be utilised for funding capital expenditure towards purchase of plant and machineries for a new manufacturing unit (₹11.92 crore), repayment/prepayment of all or certain borrowings availed by the Company (₹15.50 crore), meeting working capital requirements (₹13.77 crore), and general corporate purposes.

Business Overview

Teamtech Formwork Solutions Limited is engaged in the manufacturing, refurbishing, and renting of modular T-formwork for the construction industry on a B2B model. The company posted surprising growth in its bottom lines for the reported periods. Bumper top and bottom lines for FY26 raise eyebrows and concern over sustaining such fancy margins going forward.

The company demonstrated strong financial performance with total income of ₹54.23 crore for FY2026 and a net worth of ₹33.22 crore as of March 31, 2026, with revenue growing 64% and PAT rising 48% year on year. The company benefits from an experienced management team, an 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, and long-term customer relationships. However, investors should note the post-issue P/E ratio of 16.29 and Price to Book Value of 4.17.

Check the latest IPO allotment status to stay informed.