Teamtech Formwork Solutions IPO: Top 5 Things Investors Should Know

Mumbai | 19 May 2026 

Teamtech Formwork Solutions has opened its initial public offering for subscription on 19 May 2026. The Telangana-based formwork manufacturer is raising ₹50.15 crore through a fresh issue of shares, with bidding open until 21 May 2026. Here are the five things investors should know. 

1. What Is the IPO Size and Price Band?

The IPO is a book-built issue of ₹50.15 crore, comprising a fresh issue of 79,60,000 shares. The price band is set at ₹61 to ₹63 per share, with a face value of ₹5. At the upper end, the company’s market capitalisation stands at ₹188.85 crore. 

The lot size is 2,000 shares. Retail investors must apply for a minimum of two lots, or 4,000 shares, requiring an investment of ₹2,52,000. The minimum HNI application is three lots, or 6,000 shares, at ₹3,78,000. 

2. When Are the Key IPO Dates?

The subscription window is open for three days. The complete timetable is below. 

Anchor investors bid on 18 May 2026, with the company raising ₹14.28 crore through this route. 

3. How Is the Issue Allocated Across Investor Categories?

Of the 75,60,000 shares offered to the public, allocation is as follows. A further 4,00,000 shares are reserved for the market maker, SMC Global Securities. 

4. What DoesTeamtechFormwork Solutions Do? 

Incorporated in November 2018, Teamtech Formwork Solutions operates a business-to-business model. The company manufactures, refurbishes and rents modular T-formwork and customised formwork systems for the construction industry. 

Its products include standard panels, customised panels, and formwork accessories used for vertical concrete structures such as walls, shafts, tanks, bridges, foundations and circular walls. The company operates a 20,000 sq ft manufacturing and refurbishment facility in Bollaram, Telangana. As of 31 March 2026, it had 100 employees. 

5. What Do the Financials and Issue Objects Show?

Revenue rose 64% and profit after tax rose 48% between the financial years ending 31 March 2025 and 31 March 2026. 

Promoter holding stands at 81.25% pre-IPO. The company will deploy net proceeds towards capital expenditure for a new manufacturing unit (₹11.92 crore), repayment of borrowings (₹15.50 crore), working capital (₹13.77 crore), and general corporate purposes. 

Subscription Status on Day 1 

As of 1:54 PM on 19 May 2026, the IPO was subscribed 0.38 times overall. The QIB category was subscribed 0.66 times, NII 0.34 times, and retail 0.24 times, with 189 total applications received. 

Outlook 

The bidding window closes on 21 May 2026, with allotment expected on 22 May 2026. Shares are scheduled to list on the NSE SME platform on 26 May 2026. GetFive Advisors is the book-running lead manager and KFin Technologies is the registrar. 

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