Teamtech Formwork Solutions IPO - Company Analysis
Teamtech had an SME IPO filing that had a total issue size of ₹50.15 Cr. Teamtech Formwork Solutions decided to focus on a business-to-business (B2B) model that is involved in the manufacturing, repairing, and leasing of customized formworks and modular T-formwork for the construction industry.
Teamtech provides a comprehensive modular formwork system to satisfy various construction requirements for the manufacturing of Standard Panels, Custom Panels, Formwork, Accessories, and the Supporting Systems of the Integrated Modular Formwork System.
Teamtech’s T-formwork systems can assist in the development of vertical concrete structures and come in the form of walls, shafts, tanks, bridges, foundations, and Circular Walls, plus Custom, Engineering, and Design, along with Technical Support, Refurbishment, and Rental Services.
Teamtech Formwork Solutions IPO Details
Teamtech Solutions IPO will open on May 19, 2026, and close on May 21, 2026. Teamtech Solutions will allot shares on May 22 and refund the amounts on May 25, 2026. The issue size is ₹50.15 Crs, and the total IPO will have a fresh issue of 0.80 Cr shares.
Teamtech Solutions is most likely to list on the NSE and SME on May 26, 2026. Teamtech Solutions IPO price is fixed at a band of ₹61-₹63.
IPO Timetable (Tentative)
Click to open free demat account and apply for the IPO.
Company Financials
(Amount in Cr)
Cash Flows
(Amount in lac)
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The company intends to apply the Net Proceeds from the Issue towards:
Capital Expenditure of the new manufacturing unit’s Plant and Machinery purchase. ~ Rs. 11.92 Cr.
Prepayment/reduction of all or some of the borrowings made by your company. ~ Rs. 15.50 Cr.
Working capital needs. ~ Rs. 13.77 Cr.
Other Corporate purposes.
Teamtech Formwork Solutions Ltd. Peer Analysis
There are no listed comparable peers of the same size in the same industries as stated in the RHP.
Valuation
Evaluation of P/E Ratio
Given an EPS of Rs. 3.56 for FY 2025, the P/E Ratio is 17.69x.
IPO's Strengths
Management with experience.
An integrated business model.
Robust engineering and technical skills.
Established manufacturing and refurbishment capabilities.
IPO's Weaknesses
Risk of Conflict of Interest among Promoters.
Risk of Raw Material and Inventory Management.
Risk of Related Parties and Governance.
Teamtech Formwork Solutions IPO GMP (Grey Market Premium)
As of 18 May 2026, Teamtech Formwork Solutions IPO GMP has not yet started at the time of writing.
Teamtech Formwork Solutions IPO Summary
IPO Lot Details
Retail investors can buy between 1 and 2 Lots (4,000 Shares) at a total of 2,52,000, and more Lots can be bought in multiples of 2 Lots. HNI investors can invest in a minimum of 3 Lots (6,000 Shares) at 3,78,000.
Teamtech Formwork Solutions IPO Allotment Status
To check Teamtech Formwork Solutions IPO allotment status, go to the website of the Registrar or the BSE. The links to the websites are below.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Teamtech Formwork Solutions Ltd.
Eldo Varghese
Chaitanya Prakash Kotagiri
Salinraj Kunnummal.
IPO Lead Managers
GetFive Advisors Pvt. Ltd.
Dividend Policy
For the FY24 period, the company has distributed a dividend of 1 Rs.
Conclusion
The Teamtech Formwork Solutions IPO is a small and medium-sized enterprise book-built IPO of around 50.15 crore Rs which is open from 19 May 2026 to 21 May 2026. The price band is from 61 Rs to 63 Rs with an expected listing on the NSE SME on the 26 May, 2026.
The business operates in the construction industry manufacturing customized formwork systems and modular T-formwork. According to the FY2025 financial statements, the Company has a total income of 54.23 crore Rs, a Profit After Tax (PAT) of 11.59 crore Rs, an Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) of 17.50 crore Rs, and a net worth of 33.22 crore Rs.
To read the Prospectus of the Company click here to download the DRHP.
DISCLAIMER: This blog does not constitute any buy or sell recommendation. No investment or trading advice is being provided. The content is intended solely for educational and informational purposes. Investors should consult a qualified financial advisor before making any investment decisions.
