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Teamtech Formwork Solutions IPO
6.99xsubscribed

Teamtech Formwork Solutions IPO

Engineering - Construction
listed
₹2.44LMin. investment

Teamtech Formwork Solutions Limited IPO Details

SectorEngineering - Construction
Price range₹61.00 – ₹63.00
IPO type
SME
Lot size2000 shares
Issue size₹50Cr
Red Herring Prospectus
Read
Market cap
₹188.85CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹53.66CrLower than sector avg
Growth rate3Y CAGR
33.07%Higher than sector avg

Teamtech Formwork Solutions IPO Subscription Status

Date
QIB
NII
Retail
Total
19-May-26
0.66 times (X)
0.79 times (X)
0.36 times (X)
0.54 times (X)
20-May-26
0.66X
0.94X
0.72X
0.75X
21-May-26
4.28X
13.1X
5.92X
6.99X

As on 19-May-26, 5:30 PM

Teamtech Formwork Solutions IPO Timeline

  1. Pre-apply
    15 May 2026
  2. Bid start
    19 May 2026
  3. Bid end
    21 May 2026
  4. Allotment
    22 May 2026
  5. Release of funds
    25 May 2026
  6. Demat transfer
    25 May 2026
  7. Listing
    26 May 2026

About Teamtech Formwork Solutions Limited

Teamtech Formwork solution operates on business-to-business (B2B) model and is engaged in the manufacturing, refurbishing and renting of modular T formwork and customised formwork system used in the construction industry. Formwork systems serve as temporary moulds that support and shape concrete which is poured into it until it attains the desired structural form (It provides support until the concrete gains enough strength to sustain its own weight and any imposed loads), making them an essential component of modern construction activities.
The company provides modular T formwork systems, including customised design, and technical support for projects. In addition to manufacturing new formwork systems, the company also undertakes refurbishment and reconditioning of used formwork, activities enabling customers to extend product life. It also offers a rental model, allowing customers to access formwork solutions without capital expenditure. The product portfolio broadly comprises standard panels, customised panels, formwork accessories and supporting components.
These products collectively make a complete modular formwork system, enabling contractors and infrastructure developers to set up formwork assemblies suited to different structural requirements and project specifications. Total state-wise revenue rose from ₹30.30 crore in FY24 to ₹53.66 crore in FY26.
The business was completely domestic till FY24, but the company has established exports from FY26, mainly to the UAE, which contributed ₹13.4 crore in FY26, a 25.15% share of the total revenue. In the country, the company has a varied presence throughout India, with Karnataka made up of 17.26%, Telangana at 16.81%, and Odisha at 10.65% being the highest performing states in the latest fiscal year.
The company’s business model is mainly performing by its manufacturing capabilities, enhanced by a good rental division. The "Manufactured Goods" segment is the main segment of its operations, resulting in 75.7% of total segment revenue (₹40.6 crore) in FY26, a constant rise from its 68.1% share in FY25. The rental business delivers a secondary revenue flow, bringing in ₹12.18 crore (22.71%) in FY26.

Checklist

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Objectives of Teamtech Formwork Solutions Limited IPO

Repayment of debt
31.00%
The company will use ₹15.5 crore for repayment of borrowings.
Working capital
27.50%
The company will use ₹13.76 crore for working capital requirements of business.
Capital expenditure
23.80%
The company will use ₹11.92 crore to purchase plant and machinery for the new manufacturing unit.
General corporate purposes
17.60%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹53.66Cr33.07%₹11.58Cr₹188.85Cr11.980.50
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Teamtech Formwork Solutions IPO Contact Details

Company NameTeamtech Formwork Solutions Limited

How to apply for Teamtech Formwork Solutions IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Teamtech Formwork Solutions Limited IPO FAQs