Teamtech Formwork Solutions SME IPO Subscription Status
Teamtech Formwork Solutions SME IPO closed on 21 May 2026 with an overall subscription of 7.09x based on shares applied. QIB demand came in at 4.28x, NII at 13.15x, and retail at 6.10x.
Allotment will be finalised on 22 May 2026. The stock is scheduled to list on NSE and BSE on 26 May 2026.
Issue Price
Rs 63.00
GMP Today
Rs 5.00 (+7.94%)
Overall Subscription
7.09x
Issue Size
₹50.15 Cr
Allotment Date
22 May 2026
Listing Date
26 May 2026
Teamtech Formwork Solutions SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 63.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 9.53 Cr | Rs 40.81 Cr | 4.28x |
| FII | - | Rs 11.59 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | Rs 10.08 L | - |
| Other | - | Rs 29.12 Cr | - |
| NII | Rs 7.14 Cr | Rs 93.92 Cr | 13.15x |
| bNII (above Rs 10L) | Rs 4.76 Cr | Rs 74.29 Cr | 15.60x |
| Corporate | - | Rs 3.93 Cr | - |
| Individual | - | Rs 66.58 Cr | - |
| Other | - | Rs 3.78 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.38 Cr | Rs 19.63 Cr | 8.24x |
| Corporate | - | Rs 26.46 L | - |
| Individual | - | Rs 18.76 Cr | - |
| Other | - | Rs 60.48 L | - |
| IND | Rs 16.68 Cr | Rs 101.68 Cr | 6.10x |
| Total | Rs 33.35 Cr | Rs 236.41 Cr | 7.09x |
Teamtech Formwork Solutions SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 756 | 19 | 0.03x |
| FII | - | 5 | - |
| DFI | - | - | - |
| Mutual Funds | - | 1 | - |
| Other | - | 13 | - |
| NII | 189 | 1,196 | 6.33x |
| bNII (above Rs 10L) | 126 | 689 | 5.47x |
| Corporate | - | 15 | - |
| Individual | - | 646 | - |
| Other | - | 28 | - |
| sNII (Rs 2L to Rs 10L) | 63 | 507 | 8.05x |
| Corporate | - | 7 | - |
| Individual | - | 484 | - |
| Other | - | 16 | - |
| IND | 662 | 4,035 | 6.10x |
| Total | 1,607 | 5,250 | 3.27x |
What Do These Subscription Numbers Mean?
A subscription of 7.09x by shares means the IPO received bids for 7 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 4.28x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 4.28x, it reflects serious institutional conviction.
NII at 6.33x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 5.47x and sNII at 8.05x by applications. Share subscription was 13.15x. Allotment uses application count, not share volume.
At 6.10x subscription by applications, approximately 1 in 6 retail applicants can expect an allotment (~16% per application). Retail allotment is done by lottery when oversubscribed.
Teamtech Formwork Solutions SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 6.10x.
- •Allotment odds: about 1 in 6 (~16% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 8.05x.
- •Allotment odds: about 1 in 8 for a minimum-lot application (~12% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 5.47x.
- •Allotment odds: about 1 in 5 for a minimum-lot application (~18% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 15.60x. Allotment uses application count, not share volume.
Check the Teamtech Formwork Solutions SME IPO Allotment Status page from 22 May 2026 for your allotment result.
Teamtech Formwork Solutions SME IPO GMP After Subscription
GMP for Teamtech Formwork Solutions SME stands at Rs 5.00 today, giving an estimated listing price of Rs 68.00 per share.
A subscription of 7.09x combined with a GMP of 7.94% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Teamtech Formwork Solutions SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Teamtech Formwork Solutions SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 19 May 2026 | 0.66x | 0.79x | 0.36x | 0.54x |
| Day 2 - 20 May 2026 | 0.66x | 0.59x | 0.72x | 0.67x |
| Day 3 - 21 May 2026 | 4.28x | 12.79x | 6.10x | 7.01x |
Teamtech Formwork Solutions SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 19 May 2026 |
| IPO Close Date | 21 May 2026 |
| Allotment Date | 22 May 2026 |
| Refund Initiation | 23 May 2026 |
| Share Credit to Demat | 23 May 2026 |
| Listing Date | 26 May 2026 |
| Minimum Investment | Rs 2,52,000.00 |
| Lot Size | 2000 shares |
About Teamtech Formwork Solutions SME
Teamtech Formwork Solutions Limited, incorporated in 2018, is a specialized business-to-business (B2B) engineering provider for the construction and infrastructure sector. The company specializes in manufacturing, refurbishing, and renting modular T-formwork and customized formwork systems. Its systems are engineered for building vertical concrete structures such as shear walls, lift shafts, storage tanks, bridges, and complex circular foundations.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Teamtech Formwork Solutions SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Teamtech Formwork Solutions SME IPO Allotment Status
Check allotment result on allotment date
Teamtech Formwork Solutions SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Teamtech Formwork Solutions SME IPO Subscription FAQs
What is Teamtech Formwork Solutions SME IPO subscription status today?
Teamtech Formwork Solutions SME IPO subscription closed on 21 May 2026 with overall subscription of 7.09x (by shares) as of 17 July 2026, 2:01 AM IST. QIB 4.28x, NII 6.33x, IND 6.10x.
What is the overall subscription of Teamtech Formwork Solutions SME IPO?
Teamtech Formwork Solutions SME IPO is subscribed 7.09x overall by shares at close on 21 May 2026. QIB 4.28x, NII 6.33x, and IND 6.10x.
What is Teamtech Formwork Solutions SME IPO QIB subscription?
Teamtech Formwork Solutions SME IPO QIB (Qualified Institutional Buyers) subscription is 4.28x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Teamtech Formwork Solutions SME IPO IND subscription?
Teamtech Formwork Solutions SME IPO IND subscription is 6.10x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Teamtech Formwork Solutions SME IPO NII subscription?
Teamtech Formwork Solutions SME IPO NII (Non-Institutional Investors) subscription is 6.33x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Teamtech Formwork Solutions SME IPO for retail?
At 6.10x subscription by applications, approximately 1 in 6 retail applicants can expect an allotment (~16% per application). Allotment is done by lottery.
When is Teamtech Formwork Solutions SME IPO allotment date?
Teamtech Formwork Solutions SME IPO allotment date is 22 May 2026. Check Teamtech Formwork Solutions SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Teamtech Formwork Solutions SME IPO subscription close?
Teamtech Formwork Solutions SME IPO subscription closed on 21 May 2026. No new applications are accepted after the close.
What is Teamtech Formwork Solutions SME IPO GMP today?
Teamtech Formwork Solutions SME IPO GMP is ₹5 today (+7.94% over issue price ₹63). See live GMP on the Teamtech Formwork Solutions SME IPO GMP Today page.
What is Teamtech Formwork Solutions SME IPO issue price and lot size?
Teamtech Formwork Solutions SME IPO issue price is ₹63 per share. Lot size is 2000 shares. Minimum investment is ₹2,52,000 per lot (minimum 2 lots for SME). Issue size: ₹50.15 Cr.
When is Teamtech Formwork Solutions SME IPO listing date?
Teamtech Formwork Solutions SME IPO listing date is 26 May 2026 on NSE and BSE. Allotment is on 22 May 2026.
How does subscription affect Teamtech Formwork Solutions SME IPO allotment?
Allotment odds in Teamtech Formwork Solutions SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 6.33x by applications means roughly 1 in 6 for minimum-lot bids; bNII at 5.47x (~1 in 5). At 7.09x overall, competition is moderate.
For allotment results from 22 May 2026, visit the Teamtech Formwork Solutions SME IPO Allotment Status page. For listing day updates on 26 May 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.