Teamtech Formwork Solutions
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 26 May 2026 | ₹5 | +7.94% | ₹7,600 | ₹68 | ₹10,000 |
| 25 May 2026 | ₹5 | +7.94% | ₹7,600 | ₹68 | ₹10,000 |
| 24 May 2026 | ₹5 | +7.94% | ₹7,600 | ₹68 | ₹10,000 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 19 May 2026 – 21 May 2026
- Listing date
- 26 May 2026
- Face value
- ₹5 per share
- Price band
- ₹61 – ₹63
- Issue price
- ₹63 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- NSE
- Total issue size
- ₹50.15 Cr
- Market cap at offer price
- ₹189 Cr
- Promoter holding
- 81.25% → 59.67% pre-issue → post-issue
- ISIN
- INE2OL601013
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- GetFive Advisors Pvt.Ltd.
- Registered office
- 3rd Floor, Plot No.1050/1, Sree Sai Enclave, Survey No., 163/Part, Durgamatha House Building, Cooperative, Housing Society Ltd, Hydernagar, Telangana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 22,66,000 | — | — |
| Market maker | 4,00,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹63
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,26,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹63 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.26 | 3.87 |
| P/E (×) | 11.98 | 16.28 |
| Price to book (×) | 4.17 | — |
| Market cap | — | ₹189 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 34.89%
- ROCE
- 40.92%
- Debt / equity
- 0.50
- PAT margin
- 21.60%
- EBITDA margin
- 32.61%
- NAV per share
- ₹15.09
- Price to book
- 4.17
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Teamtech Formwork Solutions
Teamtech Formwork Solutions Limited originated as the partnership firm 'M/s. TeamTech Engineering' under a partnership deed dated 02.08.2017, was incorporated as Teamtech Formwork Solutions Private Limited on 12.11.2018, and was converted into a public limited company (fresh certificate dated 30.12.2025) with its registered office in Hyderabad, Telangana. Operating a business-to-business model, the company designs, manufactures, refurbishes and rents vertical modular T-formwork panels and customised formwork systems - temporary moulds that support and shape concrete until it gains strength - serving structures such as foundations, walls, shafts, tanks, bridges and circular walls. Its revenue mix in FY2026 comprised manufactured goods (₹4,065.56 lakhs, 75.76%), rental (₹1,218.65 lakhs, 22.71%), refurbishment (₹39.92 lakhs, 0.74%) and others (₹41.98 lakhs, 0.79%), producing total revenue from operations of ₹5,366.11 lakhs and PAT of ₹1,158.99 lakhs for the year ended March 31, 2026. It runs an in-house manufacturing and assembly facility at IDA Bollaram, Sangareddy District, Telangana with about 100 full-time employees, sells domestically across multiple Indian states and exports (including to the UAE), and is undertaking an IPO of up to 79,60,000 equity shares (100% fresh issue) on NSE Emerge to fund a new manufacturing unit, repay borrowings and meet working capital requirements.
Company Analysis
from DRHPTeamtech Formwork Solutions Limited is a B2B company engaged in the manufacturing, refurbishing and renting of modular T-formwork and customised formwork systems used in the construction industry.
Teamtech Formwork Solutions Limited originated as the partnership firm 'M/s. TeamTech Engineering' under a partnership deed dated 02.08.2017, was incorporated as Teamtech Formwork Solutions Private Limited on 12.11.2018, and was converted into a public limited company (fresh certificate dated 30.12.2025) with its registered office in Hyderabad, Telangana. Operating a business-to-business model, the company designs, manufactures, refurbishes and rents vertical modular T-formwork panels and customised formwork systems - temporary moulds that support and shape concrete until it gains strength - serving structures such as foundations, walls, shafts, tanks, bridges and circular walls. Its revenue mix in FY2026 comprised manufactured goods (₹4,065.56 lakhs, 75.76%), rental (₹1,218.65 lakhs, 22.71%), refurbishment (₹39.92 lakhs, 0.74%) and others (₹41.98 lakhs, 0.79%), producing total revenue from operations of ₹5,366.11 lakhs and PAT of ₹1,158.99 lakhs for the year ended March 31, 2026. It runs an in-house manufacturing and assembly facility at IDA Bollaram, Sangareddy District, Telangana with about 100 full-time employees, sells domestically across multiple Indian states and exports (including to the UAE), and is undertaking an IPO of up to 79,60,000 equity shares (100% fresh issue) on NSE Emerge to fund a new manufacturing unit, repay borrowings and meet working capital requirements.
Objects of the Issue
- Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit ₹1,192.35 lakhs p.85
- Repayment/prepayment of all or certain of our borrowings availed by the company ₹1,550.00 lakhs p.85
- To meet the working capital requirements ₹1,376.88 lakhs p.85
- General Corporate Purpose (amount to be finalized on determination of the Issue Price; shall not exceed 15% of the Gross Proceeds of the Issue or ₹1,000 lakhs, whichever is less) p.85
Issue Structure
- Total Issue
- Up to 79,60,000 Equity Shares of Face Value ₹5/- each aggregating to ₹ [●] Lakhs
- Fresh Issue
- Up to 79,60,000 Equity Shares of Face Value ₹5/- each aggregating to ₹ [●] Lakhs (the entire issue constitutes a fresh issue)
- Offer for Sale
- Nil
- Face Value
- ₹5/- each
Business Model
Operates on a B2B model earning revenue from (i) sale of newly manufactured standard and customised modular T-formwork panels and related accessories, (ii) renting of formwork systems (allowing customers access without capital expenditure), (iii) refurbishment and reconditioning of used formwork to extend product life, and (iv) other services.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Eldo Varghese | Promoter | 34.38% | — |
| Chaitanya Prakash Kotagiri | Promoter | 10.93% | — |
| Salinraj Kunnummal | Promoter | 34.38% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.