SME
IPO ·
NSE SME
Teamtech Formwork Solutions Ltd
Listed
Incorporated in November 2018, Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model, manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction in
Issue details
Price band
₹61 – ₹63
Face value
₹5
Lot size
2,000 shares
Minimum investment
₹2,52,000
Issue size
₹50.15 Cr
Fresh issue
₹47.63 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
19 May 2026
Closes
21 May 2026
UPI mandate cut-off
5:00 PM on 21 May 2026
Allotment
22 May 2026
Refunds
25 May 2026
Shares in demat
25 May 2026
Listing
26 May 2026
Subscription and listing
Subscription
5.29x
Listing price
₹75
Registrar
Kfin Technologies Ltd
Lead manager
GetFive Advisors
Subscription by category
Total
5.29x
Total applications
5,214
Anchor investors
Amount raised
₹14.28 Cr
Bid date
18 May 2026
50% lock-in ends
21 Jun 2026
Rest lock-in ends
20 Aug 2026
Listing day
Issue price
₹63
Open
₹75.00
High
₹76.80
Low
₹71.25
Day close
₹72.75
Listing gain at open
+19.05%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
37,78,000
47.46%
Anchor Investor Shares Offered
22,66,000
28.47%
QIB (Ex. Anchor) Shares Offered
15,12,000
18.99%
NII Shares Offered
11,34,000
14.25%
bNII > ₹10L
7,56,000
9.50%
sNII < ₹10L
3,78,000
4.75%
Retail Shares Offered
26,48,000
33.27%
Market Maker Shares Offered
4,00,000
5.03%
Total Shares Offered
79,60,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 64%, PAT up 48%, ROE 42.26%, D/E 0.50, post-issue P/E 16.29x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
Incorporated in November 2018, Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model, manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction industry. The company’s product portfolio includes standard panels, customised panels, and formwork accessories & supporting components, which together form a complete modular formwork system for various construction requirements.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
42.26%
ROCE
40.92%
Debt / equity
0.50
PAT margin
21.60%
P/E post issue
16.29
Market cap
₹188.85 Cr
Use of IPO money
Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit
₹11.92 Cr
Repayment/prepayment of all or certain of the borrowing availed by your company
₹15.50 Cr
To meet the working capital requirements
₹13.77 Cr
General Corporate Purpose
₹4.29 Cr
Issue expenses
₹4.66 Cr
Strengths
✓
Revenue up 64% in FY26 to ₹54.23 Cr
✓
PAT up 48% in FY26 to ₹11.59 Cr
✓
PAT margin of 21.60%
✓
ROE of 42.26% and ROCE of 40.92%
✓
Moderate leverage: debt to equity 0.50
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.