Teamtech Formwork Solutions IPO Day 3 Subscription Status: 1.00x Overall
By HDFC SKY | Published at: May 21, 2026 01:04 PM IST
Teamtech Formwork Solutions IPO subscribed 1.00 times on Day 3 as of May 21, 2026, 11:10 AM.
Mumbai, May 21: The ₹50.15 crore bookbuilding IPO of Teamtech Formwork Solutions opened for subscription on May 19, 2026, and will close on May 21, 2026. The issue is entirely a fresh issue of 79,60,000 shares.
The IPO price band is fixed at ₹61 to ₹63 per share. The lot size is 2,000 shares, while the minimum retail investment is ₹2,52,000 for 4,000 shares at the upper price band.
Teamtech Formwork Solutions IPO Day 3 Subscription Status
Teamtech Formwork Solutions IPO was subscribed 1.00 times overall as of May 21, 2026, 11:10 AM on Day 3.
| Category | Subscription |
| Total | 1.00x |
| QIB Ex Anchor | 0.67x |
| NII/HNI | 1.19x |
| Retail Investors | 1.11x |
Category-wise Teamtech Formwork Solutions IPO Subscription Status
| Category | Subscription | Shares Offered | Shares Bid For | Total Amount | Applications |
| Anchor Investors | 1.00x | 22,66,000 | 22,66,000 | ₹14.276 crore | – |
| Market Maker | 1.00x | 4,00,000 | 4,00,000 | ₹2.520 crore | – |
| QIB Ex Anchor | 0.67x | 15,12,000 | 10,06,000 | ₹6.338 crore | 4 |
| NII/HNI | 1.19x | 11,34,000 | 13,44,000 | ₹8.467 crore | 110 |
| Retail Investors | 1.11x | 26,48,000 | 29,32,000 | ₹18.472 crore | 733 |
| Total | 1.00x | 52,94,000 | 52,82,000 | ₹33.277 crore | 847 |
Teamtech Formwork Solutions IPO Day-wise Subscription Summary
| Date | QIB Ex Anchor | NII | Retail | Total |
| May 19, 2026, Day 1 | 0.66x | 0.79x | 0.36x | 0.54x |
| May 20, 2026, Day 2 | 0.66x | 0.59x | 0.72x | 0.67x |
| May 21, 2026, Day 3 | 0.67x | 1.19x | 1.11x | 1.00x |
Teamtech Formwork Solutions IPO Timeline
| Event | Date |
| Issue Open Date | May 19, 2026 |
| Issue Close Date | May 21, 2026 |
| Basis of Allotment Date | May 22, 2026 |
| Initiation of Refunds | May 25, 2026 |
| Credit of Shares | May 25, 2026 |
| Listing Date | May 26, 2026 |
| Listing At | NSE SME |
Brief Overview Of The IPO
| Particulars | Details |
| Issue Size | ₹50.15 crore |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh capital only |
| Price Band | ₹61 to ₹63 per share |
| Lot Size | 2,000 shares |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
Incorporated in November 2018, Teamtech Formwork Solutions Limited manufactures, refurbishes and rents modular T-formwork and customised formwork systems for the construction industry. Its product portfolio includes standard panels, customised panels, formwork accessories and supporting components.
Source:
- https://www.nseindia.com/market-data/issue-information?symbol=TEAMTECH&series=SME&type=Active
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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