Teamtech Formwork Solutions SME IPO
Teamtech Formwork Solutions IPO — date, price band, GMP & allotment 2026
Teamtech Formwork Solutions is a Hyderabad-based company incorporated in 2018, engaged in manufacturing, refurbishing and rental of modular formwork systems used in the construction industry. The company follows a B2B business model and provides customised formwork solutions, technical support and rental services for infrastructure and real estate projects. Its operations are mainly focused across India with strong presence in large construction and infrastructure developments, supported by modern manufacturing facilities in Telangana.
Stock price
Teamtech Formwork Solutions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 25 September.
- Open 19 May 2026
- Close 21 May 2026
- Allotment 22 May 2026
- Refund/credit 25 May 2026
- Listing 26 May 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 19 to 21 May, 2026 |
|---|---|
| Price Band | ₹61 – ₹63 |
| Face Value | ₹5 |
| Lot Size | 2000 Shares |
| Issue Size | ₹50 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,52,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹63 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,52,000 |
| Retail (max) | 2 | 4,000 | ₹2,52,000 |
| HNI (min) | 3 | 6,000 | ₹3,78,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Strong presence in modular formwork and construction support solutions.
- 02Asset-light rental business model supports recurring revenue generation.
- 03Healthy EBITDA and PAT margins with consistent profitability growth.
- 04Experienced promoters with over 60 years combined industry experience.
- 05Growing infrastructure and real estate demand supports future business expansion.
Risks · 5
- 01Business depends heavily on construction and infrastructure sector demand.
- 02Rising debt levels may impact future cash flow and profitability.
- 03Operations are capital intensive with high working capital requirements.
- 04Competition from organised and regional formwork solution providers remains high.
- 05Delay in project execution can affect rental income and order flow.
Three years of numbers
All figures in ₹ crore, as reported in the Teamtech Formwork Solutions offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Teamtech Formwork Solutions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Teamtech Formwork Solutions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹3.87 |
| P/E Ratio (x) | 16.29 |
| Market Cap at Offer Price (₹ Cr) | ₹188.67 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹63 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹41.19 Cr of the issue is earmarked to named objects.
About the company
The company offers a wide range of aluminium and steel formwork systems, scaffolding products and related construction solutions. It operates on a business model that includes manufacturing, rental and project-based services, helping construction companies reduce project timelines and labour costs. The business is promoted by experienced industry professionals who focus on quality standards, customer relationships and expanding the company’s presence across major construction markets in India.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 7801046161
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of Teamtech Formwork Solutions?
The current Grey Market Premium is ₹0.
What is the Teamtech Formwork Solutions IPO price band?
₹61 to ₹63, on a face value of ₹5.
When is the allotment?
The basis of allotment is 22 May 2026, with listing on 26 May 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
