Teamtech Formwork Solutions Limited
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Teamtech Formwork Solutions Limited's has transitioned to a publicly listed entity following its IPO debut on May 26, 2026 at the NSE exchange. The public offering successfully raised 79,60,000 Shares, consisting of 79,60,000 Sharesin new capital.
The IPO featured a competitive price range of ₹61 to ₹63 and minimum application size of 2000 shares. Market reception was evidenced through subscription activity between May 19, 2026 and May 21, 2026, reflecting investor appetite for the offering.
Allotment of shares was completed on May 22, 2026, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in November 2018, Teamtech Formwork Solutions Limited operates on a B2B model and provides modular and customized formwork solutions for the construction industry through manufacturing, refurbishment, and rental services. The company offers modular T-formwork panels and accessories designed for various concrete structures such as walls, foundations, tanks, bridges, shafts, and circular structures. Along with producing new systems, it also refurbishes used formwork to extend product life and offers rental options that help customers reduce upfront investment costs. The company runs a 20,000 sq. ft. manufacturing and refurbishment facility in Bollaram, Telangana, equipped with advanced laser and plywood cutting machinery. It also uses specialized software for design, planning, and operations to improve project accuracy, efficiency, and quotation reliability.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Manufacturing & Rental Model : Combination of manufacturing, refurbishment, and rental services creates diversified revenue streams.
- Strong Engineering & Technical Expertise : Customized modular formwork solutions supported by design software improve efficiency and accuracy.
- Established Infrastructure & Market Presence : In-house facility with pan-India and international reach supports scalability.
- Dependence on Construction Industry : Business growth linked to infrastructure and real estate activity.
- Capital Intensive Operations : Manufacturing and maintaining formwork inventory require continuous investment.
- Project Execution & Demand Risk : Delays in construction projects can affect equipment utilization and revenues.
- Eldo Varghese
- Chaitanya Prakash Kotagiri
- Salinraj Kunnummal
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