Teamtech Formwork Solutions
UPCOMINGIPO Date: 19 May - 21 May 2026
Listing Date: 26 May 2026
Price Range
₹61 to ₹63
Issue Size
50 Cr
Min Investment
₹1,22,000
Lot Size
2000 Shares
Schedule of Teamtech Formwork Solutions
Issue open date
19 May 2026
Issue close date
21 May 2026
UPI mandate deadline
21 May 2026 (5 PM)
Allotment finalization
22 May 2026
Share credit
25 May 2026
Listing date
26 May 2026
Mandate end date
5 Jun 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 50 Cr |
| Fresh Issue | 0.8 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 22 May 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 15 May 2026 | ₹63 | ₹0 | ₹63 (0%) |
| 14 May 2026 | ₹63 | ₹0 | ₹63 (0%) |
Performance Teamtech Formwork Solutions
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹61 to ₹63 | .... | .... | .... |
About Teamtech Formwork Solutions
Teamtech Formwork Solutions Limited is a B2B construction solutions company engaged in the manufacturing, refurbishing, and rental of modular and customised formwork systems used in concrete construction. The company provides modular T formwork solutions along with customised engineering designs and technical support for infrastructure and real estate projects. It also refurbishes and reconditions used formwork products, enabling clients to extend usability and reduce replacement costs. In addition, the company offers rental-based formwork services, helping contractors reduce upfront capital expenditure. Its operations are closely linked to infrastructure development activities such as roads, metro rail projects, urban infrastructure, and commercial construction across India.
| Founded in | 2008 |
| Managing director | Mr. Tejas H. Shah |
| Parent organization |
Financial Overview
Strengths
- Diversified business model covering manufacturing, refurbishing, and rental services.
- Growing demand for modern formwork systems driven by India’s infrastructure and construction expansion.
- Rental model helps attract customers seeking lower upfront project costs.
- Refurbishment and reconditioning services provide additional recurring revenue opportunities and cost advantages.
Risks
- Business performance is heavily dependent on construction and infrastructure sector growth.
- Delays or slowdowns in government and private construction projects may impact demand.
- Fluctuations in steel and raw material prices can affect operating margins.
- High competition from organized construction equipment and formwork solution providers.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |