Teamtech Formwork IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.66x | 0.66x | 4.28x |
| NII | 0.79x | 0.94x | 13.15x |
| bNII > ₹10L | 1.07x | 1.13x | 15.60x |
| sNII 2-10L | 0.25x | 0.56x | 8.24x |
| Retail | 0.35x | 0.71x | 6.08x |
| Total | 0.49x | 0.69x | 7.08x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
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 |
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
- Strong institutional (QIB) demand — 4.3x.
- Revenue grew 64% in the latest reported year.
- Solid profit margin — 21.4%.
- Strong return on equity — 42%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. 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.
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
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
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.
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).
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.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Teamtech Formwork IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 7.9%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Teamtech Formwork listed 19.1% above its issue price.
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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