Teamtech Formwork Solutions IPO
Price band
₹61 – ₹63
Lot size
2000 shares
Min investment
₹1,26,000
Issue size
₹50.15 Cr
IPO schedule
| Open date | 19 May 2026 |
| Close date | 21 May 2026 |
| UPI mandate cut-off | 21 May 2026 |
| Allotment finalisation | 22 May 2026 |
| Refund initiation | 25 May 2026 |
| Shares credited to demat | 25 May 2026 |
| Listing date | 26 May 2026 |
| Mandate end date | 5 Jun 2026 |
| Anchor lock-in (50%) | 20 Jun 2026 |
| Anchor lock-in (remaining) | 19 Aug 2026 |
Issue size
Grey Market Premium (GMP)
GMP is an unofficial, unregulated indicator and not a reliable predictor of listing price. Source: IPO Watch.
Subscription status
Reserved and applied figures are in crore shares.
About Teamtech Formwork Solutions
Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model and is engaged in the manufacturing, refurbishing, and rental of modular and customised formwork systems used in the construction industry. Formwork systems are temporary moulds that support and shape concrete structures until the concrete gains sufficient strength. The company provides modular T formwork systems along with customised designs and technical support for construction projects. In addition to manufacturing new systems, it also refurbishes and reconditions used formwork products, helping customers extend product life and reduce replacement costs. The company further offers formwork on a rental basis, allowing customers to use these systems without large upfront capital expenditure. Its business is linked to infrastructure and construction activities, including projects related to roads, metro networks, urban development, and other construction requirements in India.
Strengths
- Teamtech operates a B2B business focused on manufacturing, refurbishing, and renting formwork systems.
- The company offers customised formwork solutions along with technical support for construction projects.
- Teamtech provides refurbishment services that help customers extend the life of formwork products.
- The company also follows a rental model, reducing upfront costs for customers.
- Revenue from operations and profit after tax have grown consistently over the last three financial years.
Risks
- The company depends heavily on a limited number of customers for a major share of its revenue.
- A promoter group entity operates in the same line of business as the company.
- The business is affected by seasonality, especially lower construction activity during monsoons.
- The company does not own its registered office, and some operating premises are on lease.
- A major portion of revenue comes from the sale of standard panels, creating product concentration risk.
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.