Overview
TeamTech Formwork Solutions IPO is an SME issue that opened for subscription on 19 May 2026 and is now listed. The issue aggregates ₹50.15 Cr.
IPO Details
TeamTech Formwork Solutions IPO is a Small and Medium Enterprise (SME) initial public offering scheduled to be listed on NSE SME. The issue has a price band of ₹61–₹63 per equity share with a lot size of 2000 shares, translating to a minimum retail investment of ₹1,26,000.
The issue aggregates ₹50.15 Cr, with the subscription window open from 19 May 2026 to 21 May 2026. Allotment is expected on 22 May 2026 and the equity shares are scheduled to list on 26 May 2026.
- Type
- SME
- Status
- listed
- Price band
- ₹61–₹63
- Face value
- ₹10 (typical)
- Lot size
- 2000 shares
- Min investment (Retail)
- ₹1,26,000
- Issue size
- ₹50.15 Cr
- Fresh issue
- ₹50.15 Cr
- OFS
- ₹0 Cr
- Exchange
- NSE SME
- ISIN
- TBA
- Sector
- Construction
Market Lot
Retail investors must apply for a minimum of one lot and can apply up to the retail cap of ₹2 lakh. NII / HNI investors apply above ₹2 lakh.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2000 | ₹1,26,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,26,000 |
| HNI / NII (Minimum) | 2 | 4000 | ₹2,52,000 |
IPO Reservation
Per SEBI guidelines, TeamTech Formwork Solutions IPO reserves shares across investor categories as follows. Final allotment percentages may vary slightly based on the final issue document.
| Category | % Reserved | Notes |
|---|---|---|
| QIB | Up to 50% | Mutual funds, FIIs, banks |
| NII / HNI | Up to 15% | Bids ≥ ₹2 lakh |
| Retail | At least 35% | Bids up to ₹2 lakh |
Important Dates
- Issue Open19 May 2026 · Subscription opens
- Issue Close21 May 2026 · Subscription closes
- Allotment22 May 2026 · Basis of allotment finalised
- Refunds Initiated25 May 2026 · Funds released for non-allottees
- Listing Date26 May 2026 · Shares debut on the exchange
Grey Market Premium
Grey Market Premium for TeamTech Formwork Solutions is yet to be tracked. We update GMP from multiple grey market sources during the subscription window. Bookmark this page and check IPO GMP Today for live updates.
Subscription Status
TeamTech Formwork Solutions IPO subscription tracking will go live once the subscription window opens. Category-wise data (Retail / NII / QIB / Employee) will be available on IPO Subscription Status.
Allotment Status
TeamTech Formwork Solutions IPO allotment will be finalised by the registrar (KFin Technologies) on 22 May 2026. Check your allotment status using your PAN, application number, or DP ID via our allotment status checker or directly on the registrar's website.
If allotment fails, the blocked funds via ASBA / UPI mandate are released back within 24-48 hours. Applying through multiple demat accounts in family members' names improves chances on oversubscribed IPOs.
Listing Performance
TeamTech Formwork Solutions listed on 26 May 2026 with a premium of 19.05% versus the issue price. Post-listing price performance depends on broader market conditions, company fundamentals, and demand from institutional and retail investors.
About TeamTech Formwork Solutions
Promoter & Holding Pattern
The promoter and promoter group hold the majority stake in TeamTech Formwork Solutions prior to the IPO. Post-listing, this percentage will reduce as new equity shares are issued to the public. Detailed pre-IPO and post-IPO promoter holding data will be updated once the Red Herring Prospectus is finalised with SEBI.
Objects of the Issue
TeamTech Formwork Solutions IPO proceeds will be utilised across the following objectives, as disclosed in the Red Herring Prospectus:
| Purpose | Amount (₹ Cr) | % of Issue |
|---|---|---|
| 100% fresh issue — likely working capital expansion for project-execution and formwork-inventory growth, plus general corporate purposes (exact split per RHP) | 50.15 | 100.00% |
Financial Performance
TeamTech Formwork Solutions's three-year financials — revenue, PAT, assets, net worth — will be displayed here based on audited numbers from the Red Herring Prospectus. Year-on-year growth, EBITDA margins, debt-to-equity progression, and RoNW together form the basis for valuation comparison.
Valuation Snapshot
Key valuation metrics for TeamTech Formwork Solutions — RoE, RoCE, EBITDA margin, PAT margin, debt-to-equity, EPS, P/E ratio, RoNW, NAV — will be updated based on FY25 numbers from the Red Herring Prospectus.
Peer Comparison
Listed peers in the Construction sector with key valuation metrics:
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Mazda Construction (unlisted) | — | — | — | — | — |
Anchor Investors
Anchor investor bidding for TeamTech Formwork Solutions typically opens one working day before the issue opens to the public. Anchor investors — mutual funds, FIIs, sovereign wealth funds, and insurance companies — collectively subscribe to a portion of the QIB segment. Their participation signals institutional confidence. Anchor list and total amount will be updated once SEBI publishes the anchor filing.
Lead Managers (Merchant Bankers)
- Getfive Advisors
IPO Registrar
The registrar processes all bid applications, finalises the basis of allotment, manages refunds, and credits allotted shares to successful applicants' demat accounts.
Editorial Review
How to Apply for TeamTech Formwork Solutions IPO
- Open broker app — Zerodha, Upstox, Angel One, Groww, 5paisa, ICICI Direct, or any other SEBI-registered broker. Navigate to the IPO section.
- Select TeamTech Formwork Solutions IPO during the bidding window (19 May 2026 – 21 May 2026).
- Enter bid details — minimum 2000 shares per lot. Retail investors are recommended to bid at cut-off price (₹63).
- Submit UPI ID linked to a SEBI-approved bank.
- Approve UPI mandate from your UPI app within the deadline. Bid amount is blocked, not debited.
- Await allotment on 22 May 2026.
- Listing day — shares list on NSE SME on 26 May 2026.