Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

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Teamtech Formwork Solutions Limited

IPO Type:

SME

Status:

Listed

Sector:

Construction / Formwork / Engineering

Exchange:

NSE SME

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Teamtech Formwork Solutions Limited, incorporated in November 2018 and headquartered in Hyderabad, Telangana, is a B2B engineering company engaged in the manufacturing, refurbishment, and rental of modular T-formwork systems used in the construction industry. Provides customised formwork solutions, technical support, and rental services for infrastructure and real estate projects across India. Revenue ₹53.66 Cr (FY26) vs ₹32.98 Cr (FY25), PAT ₹11.59 Cr (FY26) vs ₹7.84 Cr (FY25). FY26 revenue +64%, PAT +48% YoY. Promoters: Eldo Varghese, Chaitanya Prakash Kotagiri, Salinraj Kunnummal. IPO proceeds for new manufacturing unit capex (₹11.81 Cr) and debt repayment (₹15.50 Cr).

Issue Size (Cr)

50.15

4.71

x times original subscription

75

Listing Price (₹)

Issue Dates

May 19–21, 2026

Price Band

₹61 to ₹63

Allotment Date

22 May 2026

Listing Date

26 May 2026

Lot Size

2000

QIB (times x)

NII (timex x)

Retail (times x)

Min Investment (₹)

252000

Registrar

KFin Technologies Ltd

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