Teamtech Formwork IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Financial Analysis
| 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 |
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
- 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%.
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
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.
| 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
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 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.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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