Teamtech Formwork Solutions IPO Subscribed 7.01 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 21st May 2026 - 05:34 pm
Teamtech Formwork Solutions Limited's initial public offering (IPO) closed its three-day subscription window at 7.01 times overall subscription by 5:10 PM on Day 3 (May 21, 2026). The ₹50.15 crore book-build issue, priced at ₹61 to ₹63 per share, received bids for 3,71,26,000 shares against 52,94,000 shares on offer, with total applications reaching 5,250.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Teamtech Formwork Solutions IPO Subscribed 7.01 Times on Day 3
| Date | QIB | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (May 19) | 0.66 | 0.79 | 0.36 | 0.54 |
| Day 2 (May 20) | 0.66 | 0.59 | 0.72 | 0.67 |
| Day 3 (May 21) | 4.28 | 12.79 | 6.10 | 7.01 |
Here are the subscription details for Teamtech Formwork Solutions IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 22,66,000 | 22,66,000 | 14.28 |
| Market Maker | 1.00 | 4,00,000 | 4,00,000 | 2.52 |
| QIB (Ex-Anchor) | 4.28 | 15,12,000 | 64,78,000 | 40.81 |
| NII | 12.79 | 11,34,000 | 1,45,08,000 | 91.40 |
| Individual Investors | 6.10 | 26,48,000 | 1,61,40,000 | 101.68 |
| Total | 7.01 | 52,94,000 | 3,71,26,000 | 233.89 |
Key Highlights – Day 3
- Overall subscription surged to 7.01 times on the final day, from Day 2's 0.67 times, driven by a sharp last-day surge across all investor categories.
- Non-institutional investors led at 12.79 times, surging from Day 2's 0.59 times, with bNII at 15.07 times and sNII at 8.24 times, reflecting strong HNI demand for this modular formwork SME IPO.
- Qualified institutional buyers (ex-anchor) crossed full subscription at 4.28 times, surging from Day 2's 0.66 times.
- Individual investors crossed full subscription at 6.10 times, surging from Day 2's 0.72 times.
Key Highlights – Day 2
- Overall subscription reached 0.67 times, improving marginally from Day 1's 0.54 times.
- Individual investors improved to 0.72 times from Day 1's 0.36 times.
- Non-institutional investors declined slightly to 0.59 times from Day 1's 0.79 times, with bNII at 0.60 times and sNII at 0.56 times.
- Qualified institutional buyers (ex-anchor) held steady at 0.66 times, unchanged from Day 1.
Key Highlights - Day 1
- Overall subscription reached 0.54 times on Day 1 (May 19, 2026), reflecting moderate initial investor interest in this modular formwork SME IPO.
- Non-institutional investors showed the strongest opening participation at 0.79 times, with bNII at 1.07 times and sNII at 0.25 times on Day 1.
- Qualified institutional buyers (ex-anchor) recorded 0.66 times on Day 1.
- Individual investors showed subdued participation at 0.36 times on Day 1.
- Anchor investors fully subscribed their allocation of ₹14.28 crores on May 18, 2026.
About Teamtech Formwork Solutions Limited
Incorporated in November 2018, Teamtech Formwork Solutions Limited manufactures, refurbishes, and rents modular T-formwork and customised formwork systems for the construction industry on a B2B model. The company serves vertical concrete structures including walls, shafts, tanks, bridges, foundations, and circular walls.
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