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Teamtech Formwork Solutions
Price Band
₹61.0–63.0
Issue Size
₹50.15 Cr
Lot Size
2,000 shares
Min Investment
₹252,000
GMP
+₹5.0 (7.94%)
Issue Price
₹63.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
+₹5.0
GMP %
+7.94%
Est. Listing
₹68.0
schedule Updated: 14 Jul 2026 15:52
Share GMP:
business About the Company
Teamtech Formwork Solutions Limited follows a B2B business model focused on manufacturing, refurbishing, and leasing modular T-formwork and customised formwork solutions for the construction sector. The company offers modular T-formwork systems along with customised designs and technical assistance to meet diverse project requirements. In addition to producing new formwork systems, it also refurbishes and restores pre-used formwork to enhance usability and extend operational life. Further, its rental services allow construction companies to use formwork systems without making significant upfront investments. Teamtech Formwork Solutions manufactures vertical modular T-formwork systems designed for various concrete construction applications such as foundations, retaining walls, shafts, storage tanks, bridges, circular structures, and other vertical structural components.
payments Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 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 |
Key Ratios
EPS
₹5.26
NAV
₹15.09
ROE
42.26%
ROCE
40.92%
RoNW
34.89%
P/B Value
4.17
P/E Ratio
11.97
Market Cap
₹188.85 Cr
PAT Margin
21.60%
Debt/Equity
0.50
Promoters
Eldo Varghese, Chaitanya Prakash Kotagiri and Salinraj Kunnummal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit 11.92 2 Repayment/prepayment of all or certain of the borrowing availed by your company 15.50 3 To meet the working capital requirements 13.77 4 General Corporate Purpose 4.29 5 Issue expenses 4.66 Total 50.15
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
19 May 2026
Close
21 May 2026
Allotment
22 May 2026
Listing
26 May 2026