Teamtech Formwork Solutions IPO
Bookbuilding IPO | ₹50.00 Cr | Listing at NSE SME
IPO Open
Tue, May 19, 2026
IPO Close
Thu, May 21, 2026
Price Band
₹61.00 to ₹63.00
Market Cap (Pre-IPO)
-
IPO Details
| IPO Date | May 19, 2026 to May 21, 2026 |
| Listing Date | Tentative: May 26, 2026 |
| Face Value | ₹5.00 per share |
| Price Band | ₹61.00 to ₹63.00 |
| Lot Size | 2000 Shares (Minimum: ₹126,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹50.00 Crores |
| Total Shares Offered | 7,960,000 shares |
| Fresh Issue | 7,560,000 shares |
| Offer For Sale | 7,960,000 shares |
Teamtech Formwork Solutions IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 37,78,000 |
| Retail Shares Offered | 79,60,000 |
| NII Shares Offered | 11,34,000 |
Teamtech Formwork Solutions IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹252,000 |
| Retail (Max) | 2 | 4,000 | ₹252,000 |
| S-HNI (Min) | 3 | 6,000 | ₹378,000 |
| S-HNI (Max) | 7 | 14,000 | ₹882,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,008,000 |
Teamtech Formwork Solutions Financial Information (Restated Consolidated)
Teamtech Formwork Solutions Ltd.'s revenue increased by 64% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.75 | 40.00 | 24.96 |
| 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 ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROE (Return on Equity) | 42.26% |
| ROCE (Return on Capital Employed) | 40.92% |
| Debt/Equity | 0.50 |
| RoNW (Return on Net Worth) | 34.89% |
| PAT Margin (Profit After Tax Margin) | 21.60% |
| EBITDA Margin | 32.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 81.25 | - |
Company Promoters
- Eldo Varghese
- Chaitanya Prakash Kotagiri
- Salinraj Kunnummal.
Company Overview
Teamtech Formwork Solutions Limited – Company Overview
- Incorporated in November 2018, Teamtech Formwork Solutions Limited operates on a B2B model providing manufacturing, refurbishment, and rental of modular formwork systems for the construction industry.
Core Segments
- Modular Formwork Systems: Standard and customized T-formwork panels
- Rental & Refurbishment Services: Reusable and refurbished formwork solutions
- Engineering & Technical Support: Design, planning, and project assistance
- The company offers complete formwork solutions for vertical concrete structures such as walls, bridges, foundations, tanks, shafts, and circular structures.
- Its product portfolio includes standard panels, customized panels, accessories, and supporting components used in construction projects.
- The company operates a 20,000 sq. ft. manufacturing and refurbishment facility in Telangana, equipped with advanced laser and plywood cutting machinery.
- It also uses specialized formwork planning software for project design, panel estimation, and operational management.
- As of March 31, 2026, the company had 100 employees across engineering, operations, R&D, logistics, sales, and administration.
Company Strengths
- Experienced Management Team
- Integrated Business Model
- Strong Engineering and Technical Capabilities
- Established Manufacturing and Refurbishment Infrastructure
- System-Driven and Quality-Focused Operations
- Pan-India and International Market Presence
- Diversified Revenue Streams
- Long-Term Customer Relationships
Use of Proceeds
| 1) | Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit | 11.92 |
| 2) | Repayment/prepayment of all or certain of the borrowing availed by your company | 15.50 |
| 3) | To meet the working capital requirements | 13.77 |
| 4) | General Corporate Purpose | |
| Total | 41.19 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Quick Info
| Sector | Construction/Infrastructure sector |
| Exchange | NSE SME |
Important Dates
| IPO Open | May 19, 2026 |
| IPO Close | May 21, 2026 |
| Allotment Date | May 22, 2026 |
| Credit to Demat | May 25, 2026 |
| Listing Date | Tentative: May 26, 2026 |
Lead Manager(s)
GetFive Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
Description
- IPO Type: Book build issue aggregating to ₹50.15 crores.
- Issue Structure: Entirely a fresh issue of 0.80 crore shares totaling ₹50.15 crores.
- IPO Dates: The issue opens on May 19, 2026 and closes on May 21, 2026.
- Allotment Date: Expected to be finalized on May 22, 2026.
- Listing Details: Shares are proposed to be listed on the SME platform of the National Stock Exchange of India (NSE SME) with a tentative listing date of May 26, 2026.
- Retail Investment Requirement: Minimum 2 lots (4,000 shares) amounting to approximately ₹2,52,000 (at upper price band).
- HNI Investment Requirement: Minimum 3 lots (6,000 shares) totaling around ₹3,78,000.
- IPO Price Band: ₹61 to ₹63 per equity share.
- Lot Size: 2,000 shares per lot.
This IPO offers investors an opportunity to participate in the construction equipment and infrastructure solutions sector, subject to market risks.