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Teamtech Formwork Solutions IPO
Price Band
₹61.0–63.0
Issue Size
₹50.15 Cr
Lot Size
2,000 shares
Min Investment
₹252,000
2 LOTS MIN
GMP
+₹5.0 (7.94%)
Issue Price
₹63.0
Teamtech Formwork Solutions IPO AI Summary
- Teamtech Formwork Solutions IPO is listed on NSE SME in the Other Construction Materials sector.
- Price band: ₹61.0–₹63.0 per share, lot size 2,000 shares (min. investment ₹252,000, 2 lots minimum).
- Subscription window: 19 May–21 May 2026, listing on 26 May 2026.
- Current GMP is +₹5.0 (7.94%), an estimated listing price of ₹68 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Teamtech Formwork Solutions IPO Grey Market Premium (GMP) Today
GMP
+₹5.0
GMP %
+7.94%
Est. Listing
₹68.0
Updated: 14 Jul 2026 15:52
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.
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹30.31 Cr in the year ending 31 Mar 2024, rising to ₹32.98 Cr by 31 Mar 2025, and further increasing to ₹54.23 Cr by 31 Mar 2026.
Profit Trend
Profit After Tax was ₹7.69 Cr in the year ending 31 Mar 2024, increasing to ₹7.84 Cr by 31 Mar 2025, and further rising to ₹11.59 Cr by 31 Mar 2026.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests that the market anticipates a higher listing price compared to the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and uncertain in the short term.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a rise in share price on their first day of trading, others may not. Factors influencing these gains include market conditions, investor sentiment, and the company's performance.
This evaluation is generated from Teamtech Formwork Solutions's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Teamtech Formwork Solutions IPO GMP today?
Teamtech Formwork Solutions IPO GMP today is +₹5.0 (7.94%), indicating an estimated listing price of ₹68. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Teamtech Formwork Solutions IPO?
The price band of Teamtech Formwork Solutions IPO is ₹61.0–₹63.0 per share.
When does Teamtech Formwork Solutions IPO open and close?
Teamtech Formwork Solutions IPO opens on 19 May 2026 and closes on 21 May 2026.
When does Teamtech Formwork Solutions IPO list on the stock exchange?
Teamtech Formwork Solutions IPO listed on 26 May 2026 at ₹68.0.
What is the lot size for Teamtech Formwork Solutions IPO?
The lot size for Teamtech Formwork Solutions IPO is 2000 shares, requiring a minimum investment of ₹252,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹61.0 to ₹63.0.
What is the minimum investment required?
The minimum investment required is ₹252,000.
What is the lot size for this IPO?
The lot size for this IPO is 2000 shares.
When is the IPO expected to list?
The IPO is expected to list on 26 May 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
19 May 2026
Close
21 May 2026
Allotment
22 May 2026
Listing
26 May 2026
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