Teamtech Formwork Solutions IPO
Price Band
₹61 – ₹63
Issue Size
₹50.15 Cr
Lot Size
2000 shares
Min ₹2,52,000
Issue Dates
19 May – 21 May 2026
Listing Date
26 May 2026
About Teamtech Formwork Solutions Limited
Teamtech Formwork Solutions Limited is a B2B company engaged in manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction industry. The company provides engineering, design, technical support, refurbishment, and rental solutions for vertical concrete structures such as walls, bridges, foundations, shafts, tanks, and circular walls. It operates an in-house manufacturing and refurbishment facility in Bollaram, Telangana.
IPO Details
| Price Band | ₹61 – ₹63 |
| Face Value | ₹5 |
| Lot Size | 2000 shares(Min ₹2,52,000) |
| Issue Size | ₹50.15 Cr |
| Fresh Issue | ₹50.15 Cr |
| Total Shares Offered | 79,60,000 |
| Listed On | NSE |
Objects of the Issue
Funding capital expenditure for new manufacturing unit, repayment/prepayment of borrowings, working capital requirements, and general corporate purposes
Key Financial Metrics
EPS (Basic)
₹3.87
P/E Ratio
16.28x
ROE
42.26%
ROCE
40.92%
Debt / Equity
0.5
Financial Performance
| Particulars (₹ Cr) | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 30.31 | 32.98 | 54.23 |
| EBITDA | 9.11 | 9.24 | 17.5 |
| PAT | 7.69 | 7.84 | 11.59 |
| Total Assets | 24.96 | 40 | 66.75 |
| Net Worth | 13.79 | 21.63 | 33.22 |
| Total Borrowings | 3.64 | 11.1 | 16.68 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| S-HNI | 3 × 2000 | ₹3,78,000 | ₹8,82,000 |
| B-HNI | 8 × 2000 | ₹10,08,000 | ₹10,08,000 |
| QIB | 2000 shares | — | — |
| Retail (RII) | 2000 shares | ₹2,52,000 | ₹2,52,000 |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 49.97% | No |
| QIB (Qualified Institutional Buyers) | 15% | No |
| RII (Retail Individual Investors) | 35.03% | Yes |
Registrar & Lead Managers
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Teamtech Formwork Solutions IPO (this IPO) | — | 188.85 | ₹3.87 | 16.28x | 42.26% |
| Pennar Industries Ltd | Yes | 2,100 | ₹5.8 | 34.2x | 12.5% |
| Bansal Roofing Products Ltd | Yes | 180 | ₹3.1 | 22.4x | 14.8% |
| Jash Engineering Ltd | Yes | 4,200 | ₹18.9 | 29.1x | 21.4% |
Data as of 31/3/2026
Frequently Asked Questions
12 questions about Teamtech Formwork Solutions IPO IPO
Important Dates
Community Discussion
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Expert Analysis & Insights
Teamtech Formwork Solutions IPO Subscription Status: Day 3 Analysis
Teamtech Formwork Solutions IPO was subscribed 7.01 times on Day 3, led by strong NII demand at 12.79 times and healthy retail participation at 6.10 times.
Teamtech Formwork Solutions IPO Subscription Day 1: Slow Start with Weak Retail Demand
Teamtech Formwork Solutions IPO opens with a slow Day 1 subscription of 0.33x, showing weak retail and HNI demand despite moderate QIB interest.