Teamtech Formwork Solutions

Teamtech Formwork Solutions SME IPO

Listed

NSE SMEOpens 19 May 2026Closes 21 May 2026

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,…

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Live GMPSubscriptionAllotment
Price band
₹61 - ₹63
Issue size
₹50.15 Cr
Lot size
2,000 shares
Type
NSE SME
GMP
₹5 (+7.9%)
Est. listing
₹68
Est. profit / app
₹20,000
Retail quota
33.26%

Key ratios

As per RHP / filings
Face value
₹5
EPS
3.87
P/E ratio
16.29
RoNW
34.89%
ROE
42.26%
Debt / Equity
0.5
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Timeline

IPO Opens

19 May

IPO Closes

21 May

Allotment

22 May

Listing

26 May

IPO Timeline & Listing Details

EventDate
IPO Open Date19 May 2026
IPO Close Date21 May 2026
Allotment Date22 May 2026
Listing Date26 May 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,52,000
SHNI (Min)
3₹3,78,000
SHNI (Max)
7₹8,82,000
BHNIAbove ₹10,00,000
8₹10,08,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)47.46%
NII (Non-Institutional Investor)14.25%
SHNI (Small Non-Institutional Investor)4.75%
BHNI (Big Non-Institutional Investor)9.50%
Retail33.26%
Market Maker5.03%
Total100.00%

IPO Objectives

  • Funding of Capital Expenditure towards the purchase of advanced plant and machineries for a new manufacturing unit (₹11.92 Cr).
  • Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company (₹15.50 Cr).
  • Meeting incremental working capital requirements of the company (₹13.77 Cr).
  • General Corporate Purposes.

Strengths

  • The company showcases High Return Metrics, delivering strong operational performance with an active ROCE of 40.92% and an ROE of 42.26% for FY26.
  • It operates an Integrated B2B Lifecycle Framework, combining standard engineering production alongside refurbishment and custom rental frameworks to optimize overhead limits for builders.
  • The business demonstrates Robust Topline Scaling, with total revenue growing by 64% and net PAT zooming up by 48% between FY25 and FY26.
  • It maintains Controlled Debt Sizing, keeping a highly sustainable pre-listing debt-to-equity matrix standing at a conservative 0.50.
  • The firm utilizes Precision Infrastructure, employing dedicated design planning tools and structural cutting technologies at its core facility in Telangana.

Weaknesses

  • There are valid concerns about the Sustainability of High Margins, as the bumper corporate earnings and rapid margin expansions recorded during FY26 have drawn analytical skepticism over long-term consistency.
  • It operates within a Fragmented Sector Landscape, navigating a highly competitive, localized, and price-sensitive construction engineering services niche with low entry barriers.
  • The issue features Aggressive Issue Pricing, priced at a post-IPO P/E multiple of 16.29x, which stands on the higher side for comparable SME construction engineering segments.
  • The company faces Flat Early Gray Market Traction, with unofficial gray market interest initially opening flat at a tracking premium of ₹0.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)66.754024.96
Revenue (₹ Cr.)54.2332.9830.31
PAT (₹ Cr.)11.597.847.69
Net Worth (₹ Cr.)33.2221.6313.79

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.66x0.66x4.28x
NII0.79x0.59x12.79x
S-HNI0.25x0.56x8.24x
B-HNI1.07x0.6x15.07x
RII0.36x0.72x6.1x
Total0.54x0.67x7.01x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB15,12,00064,78,00040.81
NII11,34,0001,45,08,00091.4
Small NII3,78,00031,16,00019.63
Big NII7,56,0001,13,92,00071.77
RII26,48,0001,61,40,000101.68
Total52,94,0003,71,26,000233.89
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Company Details

  • Teamtech Formwork Solutions Ltd.
  • 3rd Floor, Plot No. 1050/1, Sree Sai Enclave, Survey No. 163/Part, Durgamatha House Building Cooperative Housing Society Ltd, Hydernagar, Hyderabad, Telangana, 500049
  • +91 7801046161
  • complianceofficer@teamtechengg.com
  • https://www.teamtechengg.com/

Registrar Details

Frequently Asked Questions

What does Teamtech Formwork Solutions do?
Teamtech Formwork Solutions manufactures, refurbishes, and rents modular formwork systems used in construction projects such as bridges, retaining walls, storage structures, and concrete buildings.
What are the IPO dates for Teamtech Formwork Solutions IPO?
The Teamtech Formwork Solutions IPO will open for subscription on May 19, 2026, and close on May 21, 2026.
What is the price band and minimum investment for Teamtech Formwork Solutions IPO?
The IPO price band is fixed at ₹61 to ₹63 per share. Retail investors need to apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,52,000.
What is the Grey Market Premium (GMP) of Teamtech Formwork Solutions IPO today?
As of May 18, 2026, the Grey Market Premium (GMP) of Teamtech Formwork Solutions IPO is ₹0, indicating an expected listing price near ₹63 per share.
Where will Teamtech Formwork Solutions IPO be listed?
Teamtech Formwork Solutions IPO is proposed to be listed on NSE SME (NSE Emerge), with the tentative listing date set for May 26, 2026.

Teamtech Formwork Solutions SME IPO News & Updates

Follow the latest updates for Teamtech Formwork Solutions SME IPO, including grey market moves and allotment news.

Teamtech Formwork Solutions SME IPO IPO Pages

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Teamtech Formwork Solutions SME IPO Details

Issue size, price, financials, and company info

Teamtech Formwork Solutions SME IPO GMP

Live grey market premium and listing estimate

Teamtech Formwork Solutions SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Teamtech Formwork Solutions SME IPO Allotment

Allotment date, chances, and check by PAN

Teamtech Formwork Solutions SME IPO Review

SWOT, strengths, risks, and IPO review

Teamtech Formwork Solutions SME IPO FAQ

Common questions on dates, GMP, and allotment

Teamtech Formwork Solutions SME IPO Registrar

Registrar website and how to check allotment

Teamtech Formwork Solutions SME IPO Timeline

Open, close, allotment, and listing dates

Teamtech Formwork Solutions SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Teamtech Formwork Solutions SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Kfin Technologies Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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