Teamtech Formwork IPO

Listed SME
Open May 19
Close May 21
Allotment May 22
Refund May 25
Listing May 26

Market Sentiment

Grey Market Premium What is GMP?
+Rs 5
+7.9%
Est. Listing: Rs 68
Updated: May 25, 2026 12:08 pm
View Full GMP History →
Subscription Status
QIB
4.28x
NII
13.15x
bNII (>10L)
15.60x
sNII (2-10L)
8.24x
Retail
6.08x
Total
7.08x
Updated: May 21, 2026 4:59 pm IST
Analysis Score 52 / 100
Neutral
Data: 80%
GMP Score 60
Subscription Score 25
Financial Health 86
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹61-63 per equity share
Face Value₹5 Per Equity Share
Lot Size 4000 shares (Min ₹2,52,000)
Total Issue Size ₹50.15 crore
Fresh Share₹50.15 crore
Issue TypeBook Building Issue
Lead ManagerGetFive Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.
Listing atNSE
NSE SymbolTEAMTECH
ISIN
Listing Price₹75.00
Listing Gain+19.05%

IPO Reservation

Category Shares Offered Shares %
QIB15,12,00028.56%
NII (HNI)11,34,00021.42%
bNII > ₹10L7,56,00014.28%
sNII < ₹10L3,78,0007.14%
Retail26,48,00050.02%
Anchor22,66,00042.80%

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 4,000 ₹2,52,000
Retail Maximum 2 4,000 ₹2,52,000
S-HNI Minimum 3 6,000 ₹3,78,000
Budget to Lots Calculator

Financial Analysis

Financial Data
ROE
42.26%
ROCE
40.92%
Debt/Equity
0.50
NAV/Share
Rs 15.09
Revenue Growth
64.43%
Profit Margin
21.37%
Financial Performance
Metric 2023 2024 2025 2026
Revenue 20.06 30.31 32.98 54.23
Expense 16.72 22.31 24.97 38.32
Profit (PAT) 2.95 7.69 7.84 11.59
Total Assets 12.80 24.96 40.00 66.75
Values in Crores (₹)
Promoters & Holding Pattern

Promoters: ldo Varghese, Chaitanya Prakash Kotagiri, and Salinraj Kunnummal

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 2,20,16,000 81.25%
Promoter Holding Post Issue 2,99,76,000 59.67%

Strengths & Risks

Strengths
  • Strongly subscribed — 7.1x overall (so far).
  • Strong institutional (QIB) demand — 4.3x.
  • Revenue grew 64% in the latest reported year.
  • Solid profit margin — 21.4%.
  • Strong return on equity — 42%.
Risks & Concerns

No major red flags in the available data.

Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Teamtech Formwork

Since its establishment in November 2018, Teamtech Formwork Solutions has been engaged in the construction industry. The firm basically manufactures, refurbishes, and rents formwork systems used in construction projects. The company provides modular T formwork, customized formwork, and various other accessories. The firm buys, rents, and refurbishes old used formwork systems so that they can be reused for a long period of time. Moreover, the firm also allows construction companies to rent the formwork equipment without spending a large amount. Teamtech Formwork sells a wide range of modular T Formwork systems for various concrete structures, such as foundations, walls, shafts, tanks, bridges, and circular walls. In simple terms, the firm mainly sells, rents, and refurbishes the formwork solutions, supporting the construction industry.

Objects of the Issue
Purpose Amount (Cr)
Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit 11.81
Repayment/prepayment of all or certain of the borrowing availed by your company 15.50
To meet the working capital requirements 13.08
General Corporate Purpose -

Resources & Documents

Anchor Investors
Anchor Bidding Date
May 18, 2026
Shares Offered to Anchors
22,66,000
Lock-in End (90 Days, 50%)
August 20, 2026
Company Contact Information

Teamtech Formwork Solutions Ltd., 3rd Floor, Plot No. 1050/1, Sree Sai Enclave,, Survey No., 163/Part, Durgamatha House Building, Cooperative, Housing Society Ltd, Hydernagar,, Hyderabad, Telangana, 500049

Teamtech Formwork IPO — Quick Take

Teamtech Formwork has set a price band of Rs 61–Rs 63 per share for an issue size of Rs 50 crore. The stock listed with a 19.05% gain versus its issue price on May 26, 2026.

Since its establishment in November 2018, Teamtech Formwork Solutions has been engaged in the construction industry. The firm basically manufactures, refurbishes, and rents formwork systems used in construction projects.

The issue is promoted by ldo Varghese, Chaitanya Prakash Kotagiri, and Salinraj Kunnummal with GetFive Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit (Rs 12 crore) and Repayment/prepayment of all or certain of the borrowing availed by your company (Rs 16 crore).

Grey market is quoting a premium of +Rs 5 (+7.9% over issue price), up Rs 3 from the previous session. Final subscription data records overall subscription at 7.08x, retail at 6.08x, QIB at 4.28x, NII at 13.15x.

On fundamentals, the company is posting revenue growth of 64.4%, a profit margin of 21.4%, return on equity of 42.3% in its most recent reported period.

Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. Past performance does not predict future returns — review the price chart and peer comparison below before trading.

Frequently Asked Questions

The price band of Teamtech Formwork IPO is Rs 61 to Rs 63 per share. Face value is Rs 5 per share.

The total issue size of Teamtech Formwork IPO is Rs 50 crore, comprising fresh issue of Rs 50 crore.

Retail investors must apply for a minimum of 1 lot of 4000 shares, requiring an investment of Rs 2,52,000.

Teamtech Formwork IPO opens for subscription on May 19, 2026 and closes on May 21, 2026. Anchor investor bidding is scheduled for May 18, 2026.

The expected allotment date for Teamtech Formwork IPO is May 22, 2026. Refunds for unsuccessful applicants are expected on May 25, 2026.

Teamtech Formwork IPO is scheduled to list on May 26, 2026 on NSE. NSE symbol: TEAMTECH, ISIN: –.

The current GMP (Grey Market Premium) of Teamtech Formwork IPO is +Rs 5 (+7.9% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Teamtech Formwork IPO is currently subscribed 7.08 times overall — retail at 6.08x, QIB at 4.28x, NII at 13.15x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 6.08x for Teamtech Formwork IPO, the estimated retail allotment probability is approximately 16.4%. This is a moderate probability of allotment.

The registrar for Teamtech Formwork IPO is Kfin Technologies Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Teamtech Formwork IPO are GetFive Advisors Pvt.Ltd..

The promoter(s) of Teamtech Formwork are ldo Varghese, Chaitanya Prakash Kotagiri, and Salinraj Kunnummal.

Teamtech Formwork IPO GMP — What It Means

The latest grey market premium for Teamtech Formwork IPO is ₹5 (+7.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Teamtech Formwork it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Teamtech Formwork GMP history and trend, or learn how grey market premium works and how reliable it is.

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