About Teamtech Formwork Solutions Ltd.
Incorporated in November 2018, Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model, manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction industry. The company’s product portfolio includes standard panels, customised panels, and formwork accessories & supporting components, which together form a complete modular formwork system for various construction requirements. The company provides modular T-formwork systems with customised design, engineering, technical support, refurbishment, and rental solutions for vertical concrete structures such as walls, shafts, tanks, bridges, foundations, and circular walls. The company operates a 20,000 sq. ft. in-house manufacturing and refurbishment facility in Bollaram, Telangana, equipped with laser and plywood cutting machinery. It also uses specialised formwork planning software for project design, panel estimation, and operational planning. As of March 31, 2026, the company had 100 employees across administration, engineering, operations, R&D, logistics, finance, sales, and management departments.
Company Financials (Restated)
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 ₹ Crore
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
# Issue Objects Est Amt (₹ Cr.)
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
Key Performance Indicator (KPI)
KPI Mar 31, 2026
ROE 42.26%
ROCE 40.92%
Debt/Equity 0.50
RoNW 34.89%
PAT Margin 21.60%
EBITDA Margin 32.61%
Price to Book Value 4.17
Pre IPO
Post IPO
EPS (₹) 5.26 3.87
P/E (x) 11.97 16.29
Promoter Holding 81.25%
Market Cap ₹ 188.85 Cr.
IPO Details
- IPO Open Tue, May 19, 2026
- IPO Close Thu, May 21, 2026
- Face Value ₹ 5 per share
- Price Band ₹61 to ₹63
- Lot Size 2,000 Shares
- Sale Type Fresh capital only
- Issue Type Bookbuilding IPO
- Listing At NSE SME
- Total Issue Size 79,60,000 shares (agg. up to ₹ 50 Cr)
- Reserved for Market Maker 4,00,000 shares (agg. up to ₹ 3 Cr)
- SMC Global Securities Ltd.
- Fresh Issue (Ex Market Maker) 75,60,000 shares (agg. up to ₹ 48 Cr)
- Net Offered to Public 75,60,000 shares (agg. up to ₹ 48 Cr)
- Share Holding Pre Issue 2,20,16,000 shares
- Share Holding Post Issue 2,99,76,000 shares
IPOs Timetable (Tentative)
- IPO Open Tue, May 19, 2026
- IPO Close Thu, May 21, 2026
- Allotment Fri, May 22, 2026
- Refund Mon, May 25, 2026
- Credit of Shares Mon, May 25, 2026
- Listing Tue, May 26, 2026
Issue Reservation
- Teamtech Formwork Solutions IPO comprises a total issue size of 79,60,000 shares.
- The net offer to the public is 75,60,000 shares, after excluding 4,00,000 shares allotted on a firm basis.
- Of the Net offer 37,78,000 (49.97%) are allocated to QIB , 11,34,000 (15.00%) allocated to NII 26,48,000 (35.03%) allocated to RII .
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
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
IPO Review [Dilip Davda]
TFSL is engaged in the manufacturing, refurbishing and renting of modular T formwork for construction industry on a B2B model. The company posted surprising growth in its bottom lines for the reported periods. Bumper top and bottom lines for FY26 raise eyebrows and concern over sustaining such fancy margins going forward. Based on its recent overall financial data, the issue appears aggressively priced. Only well-informed/cash surplus/risk seeker investors may park moderate funds for medium term. Read detail review...
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
teamtech.ipo@kfintech.com
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IPO Lead Manager(s)
GetFive Advisors Pvt.Ltd. ( Past IPO Performance )
Lead Manager Reports
Lead Manager Performance Summary
Lead Manager Performance Tracker
Contact Details
Teamtech Formwork Solutions Ltd.
Address 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
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IPO FAQs
What is the Teamtech Formwork Solutions IPO?
Teamtech Formwork Solutions IPO is a SME IPO of 79,60,000 equity shares of the face value of ₹ 5 aggregating up to ₹ 50 Crores. The issue is priced at ₹61 to ₹63 . The minimum order quantity is 2000 . The IPO opens on Tue, May 19, 2026 , and closes on Thu, May 21, 2026 . Kfin Technologies Ltd. is the registrar for the IPO . The shares are proposed to be listed on NSE SME .
How to apply in Teamtech Formwork Solutions IPO through Zerodha?
Zerodha customers can apply online in Teamtech Formwork Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Teamtech Formwork Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Teamtech Formwork Solutions IPO through Zerodha
Visit the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ' Teamtech Formwork Solutions IPO ' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM ) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When Teamtech Formwork Solutions IPO will open?
The Teamtech Formwork Solutions IPO opens on Tue, May 19, 2026 and closes on Thu, May 21, 2026.
What is the lot size of Teamtech Formwork Solutions IPO?
Teamtech Formwork Solutions IPO lot size is 2000 , and the minimum amount required for application is ₹2,52,000 , with 2 lots being the minimum application size .
How to apply for Teamtech Formwork Solutions IPO?
You can apply in Teamtech Formwork Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Teamtech Formwork Solutions IPO allotment?
The finalization of Basis of Allotment for Teamtech Formwork Solutions IPO will be done on Friday, May 22, 2026 , and the allotted shares will be credited to your demat account by Mon, May 25, 2026 .
Check the Teamtech Formwork Solutions IPO allotment status .
When is Teamtech Formwork Solutions IPO listing date ?
The Teamtech Formwork Solutions IPO listing date is not yet announced. The tentative date of listing is Tue, May 26, 2026 .
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