Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model, engaged in the manufacturing, refurbishing, and rental of modular T-formwork and customised formwork systems for the construction industry.
The company offers a wide range of customised modular formwork panels and accessories designed to meet various construction requirements. Its modular formwork systems are supported by customised design solutions and technical assistance for project execution.
In addition to manufacturing new formwork systems, the company refurbishes and reconditions used formwork panels to extend product life and improve reusability. Additionally, it offers a rental model that enables construction companies to use formwork systems without heavy upfront capital investment.
The company manufactures vertical modular T-formwork systems suitable for multiple vertical concrete applications such as foundations, walls, shafts, tanks, bridges, circular walls, and other structural components used in infrastructure and real estate projects.
Teamtech operates a 20,000 sq. ft. in-house manufacturing and refurbishment facility located in Bollaram, Telangana. The facility is equipped with laser cutting and plywood cutting machinery used in the production of modular formwork systems.
The company also uses specialised software for design and operational activities. Its formwork planning software helps evaluate panel requirements based on customer project designs, enabling better project planning, accurate quotations, and improved operational efficiency.
Teamtech Formwork Solutions Limited IPO – Details
| IPO Opening Date | 19 May 2026 |
| IPO Closing Date | 21 May 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 79,60,000 Shares Worth ₹50.15 Crore Fresh Issue: 79,60,000 Shares Worth ₹50.15 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹61 – ₹63 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Teamtech Formwork Solutions Limited IPO – Date Schedule
| IPO Open Date | 19 May 2026 |
| IPO Close Date | 21 May 2026 |
| Basis of Allotment | 22 May 2026 |
| Initiation of Refund | 25 May 2026 |
| Credit of Shares to Demat | 25 May 2026 |
| IPO Listing Date | 26 May 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 21, 2026 |
Teamtech Formwork Solutions Limited IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,52,000 |
| Retail (Max) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,08,000 |
Competitive Strength
- Experienced Management Team.
- Integrated Business Model.
- Strong Engineering and Technical Capabilities.
- Established Manufacturing and Refurbishment Infrastructure.
- System-Driven and Quality-Focused Operations.
- Pan-India and International Market Presence.
- Diversified Revenue Streams.
- Long-Term Customer Relationships.
Company Promoters
- Eldo Varghese
- Chaitanya Prakash Kotagiri
- Salinraj Kunnummal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2024 | ₹30.31 Cr | ₹22.31 Cr | ₹7.69 Cr | ₹3.64 Cr |
| 31 March 2025 | ₹32.98 Cr | ₹24.97 Cr | ₹7.84 Cr | ₹11.10 Cr |
| 31 March 2026 | ₹54.23 Cr | ₹38.32 Cr | ₹11.59 Cr | ₹16.68 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 42.26% |
| ROCE | 40.92% |
| Debt/Equity | 0.50 |
| RoNW | 34.89% |
| PAT Margin | 21.60% |
| EBITDA Margin | 32.61% |
| Price to Book Value | 4.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding of Capital Expenditure towards the purchase of Plant and Machinery for the new manufacturing unit. | ₹11.92 |
| Repayment/prepayment of all or certain of the borrowings availed by your company. | ₹15.50 |
| To meet the working capital requirements. | ₹13.77 |
| General corporate purposes. | – |
✅Strengths
- Integrated business model with manufacturing, rental, and refurbishment.
- Recurring rental income business.
- Customized formwork solutions with technical support.
- Reusable modular formwork systems.
- In-house manufacturing facility in Telangana.
- Refurbishment extends product lifecycle.
- Software-based planning improves efficiency.
- Strong exposure to infrastructure and construction sector.
- Rental model reduces customer upfront cost.
- Products suitable for multiple construction applications.
⚠️Risks
- Dependent on construction industry growth.
- Seasonal slowdown during monsoon period.
- High competition from organized and local players.
- Loss of key customers may impact revenue.
- Promoter group has similar business operations.
- Machinery or power breakdown can affect operations.
- Technology upgrades require continuous investment.
- Delay in licenses or approvals may impact business.
- Margin pressure due to competitive pricing.
- Slowdown in infrastructure sector may affect demand.
Teamtech Formwork Solutions Limited IPO Promoter Holding
| Pre-Issue Share Holding | 81.25% |
| Post Issue Share Holding | – |
Teamtech Formwork Solutions Limited IPO Prospectus
Company Contact Information
| Teamtech Formwork Solutions Limited 3rd Floor, Plot No. 1050/1, Sree Sai Enclave, Survey No 163/Part, Durgamatha House Building Cooperative, Housing Society Ltd, Hydernagar, Hyderabad, Telangana, 500049 Phone: +91 7801046161 Email: complianceofficer@teamtechengg.com Website: https://teamtechengg.com/ |
Teamtech Formwork Solutions Limited IPO Registrar
| Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: teamtech.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Teamtech Formwork Solutions Limited IPO Lead Manager(s)
| 1. GetFive Advisors Pvt. Ltd. |
Teamtech Formwork Solutions Limited IPO FAQ
| What is the Teamtech Formwork Solutions Limited IPO? Teamtech Formwork Solutions Limited IPO is an SME IPO. The issue is priced at ₹61 – ₹63 per equity share. The IPO is to be listed on NSE SME. |
| When will Teamtech Formwork Solutions Limited IPO open? The IPO is to open on 19 May 2026 for QIB, NII, and Retail Investors. |
| What is Teamtech Formwork Solutions Limited IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Teamtech Formwork Solutions Limited IPO Size? Teamtech Formwork Solutions Limited IPO size is ₹50.15 Crore. |
| What are the Teamtech Formwork Solutions Limited IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,52,000, while the maximum bid is 4000 Shares for ₹2,52,000. |
| What is the Teamtech Formwork Solutions Limited IPO Allotment Date? Teamtech Formwork Solutions Limited IPO allotment date is 22 May 2026. |
| What is the Teamtech Formwork Solutions Limited IPO Listing Date? Teamtech Formwork Solutions Limited IPO listing date is 26 May 2026. The IPO is to be listed on the NSE SME. |
