Teamtech Formwork Solutions Limited IPO

Teamtech Formwork Solutions IPO Details

• Open Date: 19 May 2026
• Close Date: 21 May 2026
• Minimum Investment: ₹2,52,000
• Lot Size: 2,000 shares
• Price Range: ₹61 to ₹63 per share
• Listing: NSE SME
• Issue Size: ₹50.15 Crore
• Listing Date: 26 May 2026

Teamtech Formwork Solutions IPO Timeline

• Bidding Start: 19 May 2026
• Bidding Ends: 21 May 2026
• Allotment Finalisation: 22 May 2026
• Refund Initiation: 25 May 2026
• Demat Transfer: 25 May 2026
• Listing: 26 May 2026

About Teamtech Formwork Solutions Limited

Teamtech Formwork Solutions Limited, incorporated in November 2018, operates in the construction solutions sector with a focus on manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems. The company serves diverse infrastructure and construction projects, offering engineering support, design customisation, and rental solutions. Its integrated manufacturing and refurbishment facility in Telangana strengthens operational efficiency. With advanced machinery, specialised planning software, and a skilled workforce, the company has built a strong presence across India and selected international markets through long-term customer relationships.

Teamtech Formwork Solutions Limited IPO Overview

Teamtech Formwork Solutions Limited IPO is a bookbuilding issue worth ₹50.15 crore, comprising a fresh issue of 79,60,000 shares. The IPO opens for subscription from 19 May 2026 to 21 May 2026, with allotment expected on 22 May 2026 and listing scheduled on NSE SME on 26 May 2026. The price band is fixed at ₹61 to ₹63 per share. The minimum application size for retail investors is 4,000 shares. GetFive Advisors Pvt. Ltd. is the book-running lead manager, Kfin Technologies Ltd. acts as registrar, and SMC Global Securities Ltd. is the market maker.

Teamtech Formwork Solutions Limited IPO Details

Particulars	Details
IPO Date	19 May 2026 to 21 May 2026
Listing Date	26 May 2026
Face Value	₹5 per share
Issue Price Band	₹61 to ₹63 per share
Lot Size	2,000 Shares
Total Issue Size	79,60,000 shares (aggregating up to ₹50.15 Cr)
Fresh Issue	79,60,000 shares (aggregating up to ₹50.15 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Share Holding Pre Issue	2,20,16,000 shares
Share Holding Post Issue	2,99,76,000 shares
Market Maker Portion	4,00,000 shares

Teamtech Formwork Solutions Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Teamtech Formwork Solutions Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	4,000	₹2,52,000
Retail (Max)	2	4,000	₹2,52,000
HNI (Min)	3	6,000	₹3,78,000

Teamtech Formwork Solutions Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	81.25%
Post-Issue	TBD

Teamtech Formwork Solutions Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹5.26
Price/Earnings (P/E) Ratio	11.97x
Return on Net Worth (RoNW)	34.89%
Net Asset Value (NAV)	TBD
Return on Equity	42.26%
Return on Capital Employed (ROCE)	40.92%
EBITDA Margin	32.61%
PAT Margin	21.60%
Debt to Equity Ratio	0.50

Teamtech Formwork Solutions Objectives of the Proceeds

• Purchase plant and machinery for new manufacturing unit – ₹11.92 Cr
• Repayment and prepayment of existing borrowings – ₹15.50 Cr
• Funding working capital requirements for business expansion – ₹13.77 Cr
• Supporting general corporate purposes and operational needs

Teamtech Formwork Solutions Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	66.75	40.00	24.96
Revenue	54.23	32.98	30.31
Profit After Tax	11.59	7.84	7.69
Reserves and Surplus	22.21	19.07	11.23
Total Borrowings	16.68	11.10	3.64

SWOT Analysis of Teamtech Formwork Solutions Limited

Strengths & Opportunities	Weaknesses & Threats
Experienced management with strong technical expertise	Dependence on construction sector demand cycles
Integrated manufacturing and refurbishment capabilities	Rising raw material price volatility
Strong engineering support and customised solutions	Competitive pressure from established players
Growing domestic and international market presence	Project execution delays may impact revenues
Long-term customer relationships driving repeat business	Economic slowdown may reduce infrastructure spending

Teamtech Formwork Solutions IPO Strengths

• Experienced promoters and management team with strong technical expertise in formwork solutions.
• Integrated business model covering manufacturing, refurbishment, rental, and engineering support.
• Advanced in-house manufacturing facility with modern machinery and planning software.
• Strong engineering and technical capabilities for customised construction requirements.
• Diversified revenue streams across sales, refurbishment, and rental services.
• Established long-term customer relationships ensuring repeat business opportunities.
• Pan-India presence with growing reach in selected international markets.
• System-driven operations with focus on quality standards and operational efficiency

Peer Group Comparison

As per the DRHP, there are no comparable listed peers of the company; therefore, peer comparison information is not provided.

Infographic Content

Teamtech Formwork Solutions Limited IPO Highlights

Teamtech Formwork Solutions Limited manufactures, refurbishes, and rents modular formwork systems for the construction industry, offering customised engineering solutions with a strong operational presence across domestic and international markets.

• Offer Size: ₹50.15 Crores (Fresh issue ₹50.15 Crores; OFS NA)
  Purpose: Funds will be used for plant purchase, debt repayment, working capital, and corporate purposes
  Financials (FY March 2026): Revenue: ₹54.23 crore; PAT: ₹11.59 crore; EPS: ₹5.26
  Listing: SME IPO on NSE