Teamtech Formwork Solutions IPO
Teamtech Formwork Solutions IPO Details
-
Open Date
19 May 2026
-
Close Date
21 May 2026
- IPO Price Range
₹ 61 to ₹63
- IPO Size
₹ 50.15 Cr
Teamtech Formwork Solutions IPO Timeline
Teamtech Formwork Solutions IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 19-May-2026 | 0.66 | 0.79 | 0.35 | 0.53 |
| 20-May-2026 | 0.66 | 0.59 | 0.72 | 0.67 |
| 21-May-2026 | 4.28 | 12.79 | 6.09 | 7.01 |
Last Updated: 21 May 2026 6:44 PM by 5paisa
Teamtech Formwork Solutions Limited operates a business-to-business (B2B) model specialising in the manufacture, refurbishment and rental of modular T-formwork and customised formwork systems for the construction sector. Its portfolio includes standard and customised panels, alongside accessories and support components for complete modular solutions. The company also provides design, engineering, technical support and refurbishment services for vertical concrete structures. It operates a 20,000 sq. ft. manufacturing facility in Bollaram, Telangana, equipped with advanced machinery and specialised planning software.
Established in: 2018
Managing Director: Mr. Eldo Varghese.
Teamtech Formwork Solutions Objectives
1. The company will fund machinery capex: ₹11.92 crore.
2. Borrowings will be repaid or prepaid: ₹15.50 crore.
3. Working capital needs will be met: ₹13.77 crore.
4. General corporate purposes will receive an unspecified amount.
Teamtech Formwork Solutions IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹50.15 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹50.15 Cr |
Teamtech Formwork Solutions IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 2,44,000 |
| Retail (Max) | 2 | 4,000 | 2,52,000 |
| S - HNI (Min) | 3 | 6,000 | 3,66,000 |
| S - HNI (Max) | 7 | 14,000 | 8,82,000 |
| B - HNI (Min) | 8 | 16,000 | 9,76,000 |
Teamtech Formwork Solutions IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 4.28 | 15,12,000 | 64,78,000 | 40.811 |
| Non-Institutional Buyers | 12.79 | 11,34,000 | 1,45,08,000 | 91.400 |
| BNII | 15.07 | 7,56,000 | 1,13,92,000 | 71.770 |
| SNII | 8.24 | 3,78,000 | 31,16,000 | 19.631 |
| Individual Investors (IND category bidding for 2 Lots) | 6.09 | 26,48,000 | 1,61,32,000 | 101.632 |
| Total** | 7.01 | 52,94,000 | 3,71,18,000 | 233.843 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 30.30 | 32.71 | 53.66 |
| EBITDA | 9.11 | 9.24 | 17.50 |
| PAT | 7.69 | 7.84 | 11.59 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 24.96 | 40.00 | 66.75 |
| Share Capital | 2.56 | 2.56 | 11.01 |
| Total Liabilities | 24.96 | 40.00 | 66.75 |
| Cash Flows (₹ Crores) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 3.66 | 5.71 | 2.76 |
| Net Cash Generated From / (used in) Investing Activities | -7.39 | -12.44 | -3.20 |
| Net Cash Generated From / (used in) Financing Activities | -0.46 | 6.83 | 4.51 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.01 | 0.09 | -0.12 |
Strengths
1. Integrated manufacturing, refurbishment and rental capabilities support clients.
2. Customised engineering solutions address varied construction requirements efficiently.
3. In-house facility enables quality control and faster turnaround.
4. Specialised software improves design planning and panel estimation.
Weaknesses
1. Operations appear concentrated at one Telangana facility.
2. Business depends heavily on construction sector demand.
3. Capital-intensive equipment may pressure cash flows periodically.
4. Customised projects can increase execution complexity and costs.
Opportunities
1. Infrastructure growth can increase formwork rental demand.
2. New manufacturing capacity may expand product availability.
3. Refurbishment services can attract cost-conscious construction customers.
4. Design support may strengthen long-term client relationships.
Threats
1. Construction slowdowns may reduce formwork rental utilisation.
2. Raw material price volatility can affect margins.
3. Competition may pressure pricing and customer retention.
4. Project delays could impact collections and profitability.
1. Integrated formwork solutions support diverse construction applications.
2. Rental model may improve recurring revenue opportunities.
3. In-house facility strengthens quality and turnaround control.
4. Infrastructure growth can support long-term business expansion.
Teamtech Formwork Solutions operates in India’s construction formwork segment, offering modular T-formwork, customised panels, refurbishment and rental services. Its B2B model supports contractors building walls, shafts, tanks, bridges, foundations and circular structures. With an in-house Telangana facility, machinery-led production and specialised planning software, the company is positioned to benefit from infrastructure expansion, rising construction efficiency needs and growing demand for reusable, engineered formwork solutions.
- Companies
- Type
- Opening On
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M R Maniveni Foods
- SME
- 22nd May
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FAQs
Teamtech Formwork Solutions IPO opens from May 19, 2026 to May 21, 2026.
The size of Teamtech Formwork Solutions IPO is ₹50.15 Cr.
The price band of Teamtech Formwork Solutions IPO is fixed at ₹61 to ₹63 per share.
To apply for Teamtech Formwork Solutions IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Teamtech Formwork Solutions. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Teamtech Formwork Solutions IPO is of 4,000 shares and the investment required is ₹2,44,000.
The share allotment date of Teamtech Formwork Solutions IPO is May 22,2026
The Teamtech Formwork Solutions IPO will likely be listed on May 26, 2026.
GetFive Advisors Pvt.Ltd is the book running lead managers for Teamtech Formwork Solutions IPO.
Teamtech Formwork Solutions IPO plans to utilise the raised capital from the IPO for:
1. The company will fund machinery capex: ₹11.92 crore.
2. Borrowings will be repaid or prepaid: ₹15.50 crore.
3. Working capital needs will be met: ₹13.77 crore.
4. General corporate purposes will receive an unspecified amount.