Teamtech Formwork Solutions IPO Day 1 Subscription Status: Issue Booked 0.35x So Far

Authored By HDFC SKY | Published at: May 19, 2026 03:49 PM IST

Team tech Formwork Solutions IPO was subscribed 0.35 times on Day 1, led by QIB demand as of May 19, 2026, 1:15 PM.

Teamtech Formwork Solutions IPO Day 1 Subscription Status: Issue Booked 0.35x So Far

Open Free Demat Account

Mumbai, May 19: Teamtech Formwork Solutions IPO was subscribed 0.35 times on Day 1 of bidding on Tuesday, according to exchange data. The SME public issue opened for subscription on Tuesday and will close on May 21, 2026.

The book-built issue aggregating to ₹50.15 crore is entirely a fresh issue of 79.60 lakh shares. The IPO is priced in the band of ₹61 to ₹63 per share and is proposed to list on NSE SME on May 26, 2026.

Teamtech Formwork Solutions IPO Day 1 Subscription Status

The IPO received bids for 18.50 lakh shares against 52.94 lakh shares on offer, resulting in an overall subscription of 0.35 times as of May 19.

Category-wise Teamtech Formwork Solutions IPO Subscription Status

Category	Subscription (x)	Shares Offered	Shares Bid For
QIB (Ex Anchor)	0.66x	15,12,000	9,92,000
NII/HNI	0.30x	11,34,000	3,38,000
Retail Individual Investors	0.20x	26,48,000	5,20,000
Total	0.35x	52,94,000	18,50,000

Sub-category Details

Sub-category	Subscription (x)
bNII (> ₹10 lakh)	0.41x
sNII (< ₹10 lakh)	0.07x

Teamtech Formwork Solutions Day-wise Subscription Summary

Day	Date	Overall Subscription
Day 1	May 19, 2026	0.35x (as of 1:15 PM)

Teamtech Formwork Solutions IPO Timeline

Event	Date
IPO Open Date	May 19, 2026
IPO Close Date	May 21, 2026
Basis of Allotment	May 22, 2026
Initiation of Refunds	May 25, 2026
Credit of Shares	May 25, 2026
Listing Date	May 26, 2026

Brief Overview Of The IPO

Particulars	Details
Issue Size	₹50.15 crore
Fresh Issue	75.60 lakh shares
Total Issue Size	79.60 lakh shares
Price Band	₹61 to ₹63 per share
Lot Size	2,000 shares
Listing Exchange	NSE SME
Registrar	Kfin Technologies Ltd.
Lead Manager	GetFive Advisors Pvt. Ltd.
Market Maker	SMC Global Securities Ltd.

Teamtech Formwork Solutions Ltd., incorporated in November 2018, operates on a business-to-business model focused on manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems used in construction projects.

The company offers modular formwork systems for vertical concrete structures including walls, shafts, tanks, bridges, foundations, and circular wall applications. It operates an in-house manufacturing and refurbishment facility in Telangana.

Anchor investors subscribed to shares worth ₹14.28 crore ahead of the IPO opening on May 18, 2026.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=TEAMTECH&series=SME&type=Active

Disclaimer

At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations.
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025-26.

Markets