What is the GMP of Teamtech Formwork Solutions IPO today?

The Grey Market Premium (GMP) for Teamtech Formwork Solutions IPO is currently ₹5. With an upper price band of ₹63, the estimated listing price is ₹68 per share, reflecting an expected listing gain of ~7.94%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Teamtech Formwork Solutions IPO?

The price band for Teamtech Formwork Solutions IPO is ₹61 to ₹63 per equity share. The minimum lot size is 2000 shares, which requires a minimum retail application investment of ₹1,26,000.

What are the important dates for Teamtech Formwork Solutions IPO?

Teamtech Formwork Solutions IPO opens for subscription on 2026-05-19T00:00:00 and closes on 2026-05-21T00:00:00. The basis of allotment is scheduled for 2026-05-22T00:00:00, and shares are expected to list on 2026-05-26T00:00:00 on BSE, NSE.

How can I check the allotment status for Teamtech Formwork Solutions IPO?

You can check Teamtech Formwork Solutions IPO allotment status on the registrar's official portal (KFin Technologies Limited) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Teamtech Formwork Solutions IPO?

Investors can apply for Teamtech Formwork Solutions IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Teamtech Formwork Solutions IPO open and close?

The IPO opens on 19 May 2026, and closes on 21 May 2026.

What is Teamtech Formwork Solutions IPO price band?

The issue price band is ₹61.00 to ₹63.00 per equity share.

What is the Teamtech Formwork Solutions IPO lot size?

The minimum lot size is 2000 shares per application.

What is the Teamtech Formwork Solutions IPO allotment date?

The allotment is scheduled on 22 May 2026.

Teamtech Formwork Solutions IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

50.15 Cr

Price Band

₹61.00 - ₹63.00

Lot Size

2000 Shares

Min Investment

₹2,52,000

GMP

₹5

Subscription

6.59x

₹236.41 Cr

19 May 2026

IPO Opens

COMPLETED

21 May 2026

IPO Closes

COMPLETED

22 May 2026

Basis of Allotment

COMPLETED

25 May 2026

Refunds

COMPLETED

25 May 2026

Demat Credit

COMPLETED

26 May 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

19 May 2026

IPO ClosesDONE

21 May 2026

Basis of AllotmentDONE

22 May 2026

RefundsDONE

25 May 2026

Demat CreditDONE

25 May 2026

ListingDONE

26 May 2026

About Teamtech Formwork Solutions IPO

Teamtech Formwork IPO open date is May 19, 2026 and the IPO will close on May 21, 2026. Teamtech Formwork Solutions IPO is a Bookbuilding Issue. The company to raise around ₹50.15 crores via IPO that comprises fresh issue of ₹50.15 crores and offer for sale up to [.] equity shares with face value of ₹5 each.

Teamtech Formwork Solutions IPO price band is ₹61 to ₹63 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Teamtech Formwork Solutions IPO to list on NSE SME on May 26, 2026. The allotment of Teamtech Formwork IPO date is May 22, 2026.

The company reported revenue of ₹54.23 crores in 2026 against ₹32.98 crores in 2025. The company reported profit of ₹11.59 crores in 2026 against profit of ₹7.84 crores in 2025. As per the financials the IPO investors should apply the IPO for a long term.

IPO Details

Teamtech Formwork Solutions IPO Details and Specifications
IPO Date	19 May 2026 to 21 May 2026
Face Value	₹5 Per Share
Price Band	₹61.00 - ₹63.00
Lot Size	2000 Shares
Total Issue Size	Approx 50.15 Cr 79,60,000 Equity Shares
Fresh Issue	Approx 50.15 Cr 79,60,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.03%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	26 May 2026
Listing At	NSE
Total Subscription Amount	₹236.41 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	37,78,000	49.97%
- Anchor	22,66,000	0.00%
- QIB (Ex. Anchor)	15,12,000	0.00%
NII	11,34,000	15.00%
- bNII > ₹10L	7,56,000	0.00%
- sNII < ₹10L	3,78,000	0.00%
Retail	26,48,000	35.03%
Share Holders	4,00,000	0.00%
Market Maker	4,00,000	0.00%
Total	79,60,000	100.00%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	4,000	₹2,52,000
Individual investors (Retail) (Max)	2	4,000	₹2,52,000
S-HNI (Min)	3	6,000	₹3,78,000
S-HNI (Max)	7	14,000	₹8,82,000
B-HNI (Min)	8	16,000	₹10,08,000

About Company

Since its establishment in November 2018, Teamtech Formwork Solutions has been engaged in the construction industry. The firm basically manufactures, refurbishes, and rents formwork systems used in construction projects. The company provides modular T formwork, customized formwork, and various other accessories.

Contact 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

Visit Website

Registrar

KFin Technologies Limited

040-79615565

teamtech.ipo@kfintech.com

Lead Managers

TBA

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
26-May-2026 12:00 PM	+₹5	₹68	+7.94%	₹10,000
25-May-2026 12:00 PM	+₹5	₹68	+7.94%	₹10,000
23-May-2026 12:00 PM	+₹5	₹68	+7.94%	₹10,000
22-May-2026 12:00 PM	+₹2	₹65	+3.17%	₹4,000
21-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0
20-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0
19-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0
18-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0
16-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0
15-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0
14-May-2026 03:00 PM	+₹0	₹63	+0.00%	₹0

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
QIB (Ex. Anchor)	4.28x	15,12,000	64,78,000	₹40.81 Cr
NII	12.79x	11,34,000	1,45,08,000	₹91.40 Cr
bNII > ₹10L	15.07x	7,56,000	1,13,92,000	₹71.77 Cr
sNII < ₹10L	8.24x	3,78,000	31,16,000	₹19.63 Cr
Retail	6.10x	26,48,000	1,61,40,000	₹101.68 Cr
Share Holders	1.00x	4,00,000	4,00,000	₹2.52 Cr
Total	6.59x	56,94,000	3,75,26,000	₹236.41 Cr

Objects of the Issue

01 Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit : 11.92 Cr
02 Repayment/prepayment of all or certain of the borrowing availed by your company : 15.50 Cr
03 To meet the working capital requirements : 13.77 Cr
04 General Corporate Purpose : 4.29 Cr
05 Issue expenses : 4.66 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	54.23	32.98	30.31
Profit After Tax	11.59	7.84	7.69
EBITDA	17.50	9.24	9.11
NET Worth	33.22	21.63	13.79
Reserves and Surplus	22.21	19.07	11.23
Total Borrowing	16.68	11.10	3.64

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	40.92%
Debt/Equity Ratio	0.50
Return on Net Worth (RoNW)	34.89%
PAT Margin	21.60%
EBITDA Margin	32.61%
Net Asset Value (NAV)	₹15.09
Earning Per Share (EPS)	₹5.26

Peer Comparison

Peer comparison data will be updated soon.

Promoters and Holding Pattern

ldo Varghese, Chaitanya Prakash Kotagiri, Salinraj Kunnummal are the company's promoters of Teamtech Formwork Solutions.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	81.25%	59.67%
Others*	18.75%	40.33%

Strengths

Teamtech Formwork Solutions operates an integrated business model covering manufacturing, refurbishment, and rental of modular T formwork systems. This allows the company to cater to different customer requirements across project stages while also generating revenue from multiple service lines instead of depending only on product sales.
The company claims to have an in-house manufacturing and refurbishment facility spread across approximately 32,000 sq. ft. at IDA Bollaram, Telangana. The facility is equipped with machinery such as laser machines and plywood cutting equipment used for manufacturing standard and customised modular formwork systems.
The company claims to have in-house engineering and technical capabilities for formwork design, layout planning, quantity estimation, and site-level technical support. It also uses software from third-party vendors for formwork planning and project execution layouts, which helps in estimating panel requirements and project timelines.
Teamtech Formwork Solutions derives revenue from multiple activities, including manufactured formwork systems, refurbishment services, rental income, and the sale of accessories. The rental and refurbishment segments also allow the company to reuse existing inventory and extend the lifecycle of formwork systems.
The company has supplied products across several Indian states, including Telangana, Karnataka, Maharashtra, Tamil Nadu, Odisha, and Gujarat. It has also executed projects in international markets such as the UAE, Bahrain, and Bhutan, providing exposure to overseas construction requirements.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 30.30 crore in FY24 to Rs 32.71 crore in FY25 and Rs 53.66 crore in FY26. PAT increased from Rs 7.69 crore in FY24 to Rs 7.84 crore in FY25 and Rs 11.59 crore in FY26.

Risks

The top five customers of Teamtech Formwork Solutions contributed Rs 38.98 crore (72.65%), Rs 17.68 crore (54.06%), and Rs 14.16 crore (46.74%) to the company’s total revenue in FY26, FY25, and FY24, respectively. Any loss of these key customers, reduction in order volumes, or inability to maintain long-term relationships with them could adversely affect the company’s business operations and financial condition.
The company also derives a portion of its revenue from promoter group entity Teamtech Formwork Solutions (F.Z.C), which contributed Rs 11.54 crore, representing 21.50% of total revenue in FY26. Any reduction in business from this related party entity could negatively impact the company’s revenue and cash flows.
Teamtech Formwork Solutions operates in the construction industry, which is subject to seasonal fluctuations. Demand for the company’s formwork systems may decline during monsoon periods when construction activity typically slows down, which could impact revenue generation and operating performance during certain quarters. Any prolonged slowdown in construction activity during peak seasonal periods or delays in project execution due to adverse weather conditions could negatively affect the company’s business operations, cash flows, and financial condition.
A significant portion of Teamtech Formwork Solutions’ revenue is derived from the sale of standard panels, which contributed Rs 26.67 crore (65.60%), Rs 13.42 crore (60.24%), and Rs 17.14 crore (68.31%) of product revenue in FY26, FY25, and FY24, respectively. Any decline in demand for these products due to a slowdown in construction activity, pricing pressure, regulatory changes, or increased competition could adversely affect the company’s business and profitability. The company’s business also depends on the performance, quality, and market acceptance of its standard panels. Any failure of these products to meet customer expectations or industry standards, fluctuations in raw material costs, or disruptions in the supply chain could negatively impact sales, customer relationships, and financial performance.
Teamtech Formwork Solutions has reported negative cash flows from investing and financing activities in certain recent years. The company recorded negative cash flows from investing activities amounting to Rs 7.39 crore, Rs 12.44 crore, and Rs 3.20 crore in FY26, FY25, and FY24, respectively, while negative cash flow from financing activities stood at Rs 0.46 crore in FY24. Although the company reported positive cash flow from operating activities during these periods, it has fluctuated and not consistently increased. Investors should keep an eye on this metric to see if its slips into the red and the reasons thereof.
As of FY26, Teamtech Formwork Solutions had trade receivables of Rs 29.77 crore, up from Rs 7.36 crore in FY25 and Rs 7.66 crore in FY24. The company’s trade receivable days also increased to 200 days in FY26 from 81 days in FY25 and 91 days in FY24, indicating a slower recovery of dues from customers. The company has also reported bad debts written off amounting to Rs 0.51 crore in FY26. Any inability to recover receivables on time, defaults by customers, or inadequate provisioning for doubtful debts could adversely affect the company’s cash flows, liquidity, and financial condition.
As of FY26, Teamtech Formwork Solutions had total outstanding borrowings of Rs 16.67 crore, including corporate loans, term loans, cash credit facilities, and machinery loans. A significant portion of these borrowings has been taken for working capital requirements and construction of the manufacturing facility. Any failure to service or repay these borrowings on time could hurt the company’s liquidity, cash flows, and financial condition. Additionally, increases in interest rates or stricter lending conditions could raise financing costs and impact profitability.

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About Teamtech Formwork Solutions IPO

IPO Details

Teamtech Formwork Solutions IPO Details and Specifications
IPO Date	19 May 2026 to 21 May 2026
Face Value	₹5 Per Share
Price Band	₹61.00 - ₹63.00
Lot Size	2000 Shares
Total Issue Size	Approx 50.15 Cr 79,60,000 Equity Shares
Fresh Issue	Approx 50.15 Cr 79,60,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35.03%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	26 May 2026
Listing At	NSE
Total Subscription Amount	₹236.41 Cr

Investor Category

Shares Offered

% Net Issue

QIB

37,78,000

49.97%

- Anchor

22,66,000

0.00%

- QIB (Ex. Anchor)

15,12,000

0.00%

NII

11,34,000

15.00%

- bNII > ₹10L

7,56,000

0.00%

- sNII < ₹10L

3,78,000

0.00%

Retail

26,48,000

35.03%

Share Holders

4,00,000

0.00%

Market Maker

4,00,000

0.00%

Total

79,60,000

100.00%

Application

Lots

Amount

Individual investors (Retail) (Min)

4,000

₹2,52,000

Individual investors (Retail) (Max)

4,000

₹2,52,000

S-HNI (Min)

6,000

₹3,78,000

S-HNI (Max)

14,000

₹8,82,000

B-HNI (Min)

16,000

₹10,08,000

About Company

Contact 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

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

26-May-2026 12:00 PM

+₹5

₹68

+7.94%

₹10,000

25-May-2026 12:00 PM

+₹5

₹68

+7.94%

₹10,000

23-May-2026 12:00 PM

+₹5

₹68

+7.94%

₹10,000

22-May-2026 12:00 PM

+₹2

₹65

+3.17%

₹4,000

21-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

20-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

19-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

18-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

16-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

15-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

14-May-2026 03:00 PM

+₹0

₹63

+0.00%

₹0

Teamtech Formwork Solutions IPO Details

About Teamtech Formwork Solutions IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Teamtech Formwork Solutions IPO open and close?

What is Teamtech Formwork Solutions IPO price band?

What is the Teamtech Formwork Solutions IPO lot size?

What is the Teamtech Formwork Solutions IPO allotment date?

What is the Teamtech Formwork Solutions IPO listing date?

What is the minimum investment required in Teamtech Formwork Solutions IPO?

Join the discussion

Teamtech Formwork Solutions IPO Details

About Teamtech Formwork Solutions IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Risks

Frequently Asked Questions (FAQ)

When does the Teamtech Formwork Solutions IPO open and close?

What is Teamtech Formwork Solutions IPO price band?

What is the Teamtech Formwork Solutions IPO lot size?

What is the Teamtech Formwork Solutions IPO allotment date?

What is the Teamtech Formwork Solutions IPO listing date?

What is the minimum investment required in Teamtech Formwork Solutions IPO?

Join the discussion