Teamtech Formwork Solutions came to market through an SME IPO that opened on 19 May 2026 and closed on 21 May 2026, and the shares listed on 26 May 2026 on NSE SME. The price band was ₹61 to ₹63 per share and one lot was 2000 shares, so the minimum application was ₹1,26,000. The issue size was ₹50.15 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Ltd was the registrar to the issue, and GetFive Advisors Pvt.Ltd was the lead manager.
As of 21 May 2026.
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Registered in November 2018, Teamtech Formwork Solutions Limited has adopted a Business to Business (B2B) strategy that involves manufacturing, refurbishing, and renting modular T-formwork and customized formwork solutions in the construction industry. The Company provides several types of customized, modular formwork solutions with their specifications provided. The Company provides modular T-formwork solutions, which incorporate a customized and technical design service offering. Besides the manufacture of new formwork, it offers refurbishment of old systems.
It also rents its formwork solutions, thereby eliminating the need for investment capital from customers. The Company manufactures vertical modular T-formwork systems that are ideal for several vertical concrete structures including foundations, walls, shafts, tanks, bridges, circular walls, and many more. The Company maintains an in-house production facility occupying a total area of 20,000 sq. ft. located in Bollaram, Telangana. The facility is complete with laser cutters and plywood cutters for formwork manufacturing.
The Company makes use of specialized software in its operations. Formwork planning software enables the Company to determine formwork requirements according to customer designs.
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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ldo Varghese, Chaitanya Prakash Kotagiri, Salinraj Kunnummal. Promoter holding 81.25% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Teamtech Formwork Solutions IPO was a ₹50.15 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹61–₹63 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,52,000). The IPO was open from May 19 to May 21, 2026 and was subscribed 7.09x. Shares listed on NSE SME on May 26, 2026 at ₹75, a 19.0% premium to the issue price of ₹63. Kfin Technologies Ltd. is the registrar.
GetFive Advisors Pvt. Ltd. is the book running lead manager.
The price band of Teamtech Formwork Solutions IPO is ₹61 to ₹63 per share.
The lot size of Teamtech Formwork Solutions IPO is 2000 shares.
The minimum investment for Teamtech Formwork Solutions IPO is approximately ₹2,52,000 based on the upper price band.
The allotment date of Teamtech Formwork Solutions IPO is May 22, 2026.
Teamtech Formwork Solutions IPO's final recorded GMP before listing was ₹4 per share (a 6% premium over the ₹63 upper price band). The shares listed at ₹75. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Teamtech Formwork Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Teamtech Formwork Solutions IPO allotment status on Rupix for quick and easy access.
₹61 to ₹63 per share, against a face value of ₹5. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,26,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,26,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 19 May 2026 and closed on 21 May 2026.
The basis of allotment was published on 22 May 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 26 May 2026 on NSE SME.
The issue size was ₹50.15 crore. The fresh issue was 79,60,000 shares (aggregating up to ₹50.15 crore).