Teamtech Formwork Solutions IPO

About Teamtech Formwork Solutions IPO

The Teamtech Formwork Solutions IPO opens on Tuesday, May 19, 2026 and closes on Thursday, May 21, 2026. The allotment of shares will take place on Friday, May 22, 2026. The credit of shares to the demat account will take place on Monday, May 25, 2026. The initiation of refunds will take place on Monday, May 25, 2026. The listing of shares will take place on Tuesday, May 26, 2026.

The offer consists of a fresh issue component. The fresh issue will include 0.80 crore shares of ₹50.15 crore. The total number of shares and aggregate amount are 79,60,000 shares (aggregating up to ₹50 crores).

Teamtech Formwork Solutions IPO’s price band is set at ₹61 to ₹63 per share. The lot size for an application is 2,000. The minimum amount of investment required by a retail investor is ₹2,52,000 (4,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (6,000 shares), amounting to ₹3,78,000.

Teamtech Formwork Solutions operates on a business-to-business model and is engaged in the manufacturing, refurbishing and renting of modular T formwork and customised formwork system used in the construction industry.

Objectives of Teamtech Formwork Solutions IPO

• Funding of capital expenditure towards purchase of plant and machinery for expansion of new manufacturing units.
  
• Repayment/prepayment of all or certain of their borrowing availed by the company.
  
• To meet the company’s fresh working capital requirements in line with its projected business growth and operational needs.
  
• General corporate purpose.
  

Industry Outlook

Public infrastructure is the backbone of economic development, enhancing connectivity, trade, and overall quality of life. India, the world's fifth-largest economy, has made remarkable progress in infrastructure development over the past decade. The total infrastructure investment in India has significantly increased, with public and private sector contributions shaping the growth trajectory. The Indian government has introduced various formats to attract private investments, especially in roads and highways, airports, industrial parks and higher education and skill development sectors.

About Teamtech Formwork Solutions

Teamtech Formwork Solutions operates on business-to-business (“B2B”) model and is engaged in the manufacturing, refurbishing and renting of modular T formwork and customised formwork system used in the construction industry. They provide modular T formwork systems, including customised design, and technical support for projects. In addition to manufacturing new formwork systems, they also undertake refurbishment and reconditioning of used formwork, activities enabling customers to extend product life. The company also offers a rental model, allowing customers to access formwork solutions without capital expenditure. Presently, the company manufactures vertical modular T formwork systems which are only suitable for a wide range of vertical concrete structures. These systems are used for foundations, walls, shafts, tanks, bridges, circular walls and various other structural elements. With a balanced and versatile range of panels, their formwork can be easily adapted to diverse project layouts, configurations and cross-sections, supporting faster and more efficient construction execution.

Strengths of Teamtech Formwork Solutions

• Experienced management.
  
• Integrated business model.
  
• Strong engineering and technical capabilities.
  
• Established manufacturing and refurbishment infrastructure.
  System-driven and quality-focused operations.
  
• Pan-India and international market presence.
  

Risks of Teamtech Formwork Solutions

• Their business is dependent on the sale of their services to certain key industries and certain customers including their promoter group companies.
  
• The company may experience the effects of seasonality which may result in operating results fluctuating significantly.
  
• Their promoter group entity operates in the same line of business as that of their company.
  
• They do not own the premises in which their registered office is located and the same are on lease arrangement.
  
• The majority of their sales is generated from their standard panel.
  

Anchor Investor Bidding Date: Monday, May 18, 2026

The company, in consultation with the BRLM, may consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations. The Anchor Investor Bid/ Issue Period shall be one working day prior to the bid/ issue opening date.

Registrar: KFIN Technologies Limited
Book Running Lead Manager: GETFIVE Advisors Private Limited

Teamtech Formwork Solutions Business Model

The company earns its revenue by operating a business-to-business model and engaging in the manufacturing, refurbishing and renting of modular T formwork and customised formwork system used in the construction industry.

Teamtech Formwork Solutions Growth Trajectory

Teamtech Formwork Solutions’s Total Income for FY25 was ₹54.231 crores, whereas in FY24 and FY23 it was ₹32.976 crores and ₹30.307 crores, respectively.

The Profit After Tax for FY25 was ₹11.590 crores, whereas in FY24 and FY23 it was ₹7.838 crores and ₹7.695 crores, respectively.

Their EBITDA for FY25 was ₹17.498 crores, whereas in FY24 and FY23 it was ₹9.243 crores and ₹9.112 crores, respectively.

Teamtech Formwork Solutions Market Position

The company supplies its products to customers across multiple Indian states including Telangana, Karnataka, Maharashtra, Tamil Nadu and other regions. Business growth in these regions is supported by repeat orders and customer references. The company has also executed projects in international markets such as the UAE and Bahrain, enabling exposure to overseas project requirements.

As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹54.231 crores, ₹11.590 crores, and ₹17.498 crores, respectively.

How to apply for Teamtech Formwork Solutions IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.