Bookbuilding IPO | ₹50 Cr | Listed at NSE SME | Tue, May 19, 2026 - Thu, May 21, 2026
Teamtech Formwork Solutions IPO is a book build issue of ₹50.15 crores. The issue is entirely a fresh issue of 0.80 crore shares of ₹50.15 crore.
Teamtech Formwork Solutions IPO bidding started from May 19, 2026 and ended on May 21, 2026. The allotment for Teamtech Formwork Solutions IPO was finalized on May 22, 2026. The shares got listed on the NSE SME on May 26, 2026.
Teamtech Formwork Solutions IPO is set final issue price at ₹63 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,52,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,78,000.
GetFive Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd.
Refer to Teamtech Formwork Solutions IPO RHP for detailed Information.
IPO Open
Tue, May 19, 2026
IPO Close
Thu, May 21, 2026
Issue Price
₹63 per share
Market Cap (Pre-IPO)
₹188.85 Cr
| IPO Date | 19 to 21 May, 2026 |
| Listed on | Tue, May 26, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹61 to ₹63 |
| Issue Price | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 79,60,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 4,00,000 shares SMC Global Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 75,60,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 75,60,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 2,20,16,000 shares |
| Share Holding Post Issue | 2,99,76,000 shares |
| NSE Symbol | TEAMTECH |
| ISIN | INE2OL601013 |
Teamtech Formwork Solutions IPO comprises a total issue size of 79,60,000 shares. The net offer to the public is 75,60,000 shares, after excluding 4,00,000 shares allotted on a firm basis. Of the Net offer 37,78,000 (49.97%) are allocated to QIB, 11,34,000 (15.00%) allocated to NII 26,48,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 37,78,000 | 49.97% | 47.46% |
| − Anchor Investor Shares Offered | 22,66,000 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 15,12,000 | 18.99% | |
| NII (HNI) Shares Offered | 11,34,000 | 15.00% | 14.25% |
| − bNII > ₹10L | 7,56,000 | 9.50% | |
| − sNII < ₹10L | 3,78,000 | 4.75% | |
| Retail Shares Offered | 26,48,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,00,000 | 5.03% | |
| Total Shares Offered | 79,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4,000 | ₹2,52,000 |
| Individual investors (IND) (Max) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,08,000 |
Teamtech Formwork Solutions IPO raises ₹14.28 crore from anchor investors. Teamtech Formwork Solutions IPO Anchor bid date is May 18, 2026.
| Bid Date | Mon, May 18, 2026 |
| Shares Offered | 22,66,000 |
| Anchor Portion (₹ Cr.) | 14.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Jun 21, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Aug 20, 2026 |
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.
Competitive Strength
Teamtech Formwork Solutions Ltd.'s revenue increased by 64% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.75 | 40.00 | 24.96 |
| Total Income | 54.23 | 32.98 | 30.31 |
| Profit After Tax | 11.59 | 7.84 | 7.69 |
| EBITDA | 17.50 | 9.24 | 9.11 |
| NET Worth | 33.22 | 21.63 | 13.79 |
| Reserves and Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowing | 16.68 | 11.10 | 3.64 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Arisinfra Solutions Ltd. | Mainboard | ₹499.60 Cr | ₹222 | -41.89 | ₹174.38 | -21.45% | ₹84.18 (+0.00%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit | 11.92 |
| 2 | Repayment/prepayment of all or certain of the borrowing availed by your company | 15.50 |
| 3 | To meet the working capital requirements | 13.77 |
| 4 | General Corporate Purpose | 4.29 |
| 5 | Issue expenses | 4.66 |
| Total | 50.15 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 42.26% |
| ROCE | 40.92% |
| Debt/Equity | 0.50 |
| RoNW | 34.89% |
| PAT Margin | 21.60% |
| EBITDA Margin | 32.61% |
| Price to Book Value | 4.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.26 | 3.87 |
| P/E (x) | 11.97 | 16.29 |
| Promoter Holding | 81.25% | 59.67% |
| Market Cap | ₹188.85 Cr. |
The Teamtech Formwork Solutions IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 5.29 | 75,60,000 | 4,00,06,000 | 5,214 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees | 0.35 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.13 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.00 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.25 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Monitoring Agency Fees, Underwriting fees and Miscellaneous Expenses) | 3.89 |
| Total | 4.66 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹75.00 |
| Low | ₹71.25 |
| High | ₹76.80 |
| Last Trade | ₹72.75 |
Lead Manager Reports
Teamtech Formwork Solutions IPO is a SME IPO of 79,60,000 equity shares of the face value of ₹5 aggregating up to ₹50 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on Tue, May 19, 2026, and closes on Thu, May 21, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Teamtech Formwork Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Teamtech Formwork Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Teamtech Formwork Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Teamtech Formwork Solutions IPO opens on Tue, May 19, 2026 and closes on Thu, May 21, 2026.
Teamtech Formwork Solutions IPO lot size is 2000, and the minimum amount required for application is ₹2,52,000, with 2 lots being the minimum application size.
You can apply in Teamtech Formwork Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Teamtech Formwork Solutions IPO will be done on Friday, May 22, 2026, and the allotted shares will be credited to your demat account by Mon, May 25, 2026. Check the Teamtech Formwork Solutions IPO allotment status.
The Teamtech Formwork Solutions IPO listing date is on Tue, May 26, 2026.
