TeamTech Formwork Solutions Limited IPO
TeamTech Formwork Solutions Limited IPO
Price Band
₹61 - ₹63
Total Issue
₹50 Cr
Bid Dates
19 May - 21 May
Subscription
-
Est. GMP
₹0 (0.00%)
Valuation
Market Cap
₹188.85 Cr
P/E Ratio
17.70x
P/B Ratio
6.42x
TeamTech Formwork IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Teamtech Formwork Solutions Limited is a Hyderabad-based B2B manufacturer, refurbisher, and rental provider of modular T formwork systems used in vertical concrete construction. Incorporated in 2018, its TFORM panels in widths of 75–150 cm serve as reusable steel-plywood moulds for casting walls, columns, foundations, bridges, and tanks. The Company operates a 20,000 sq. ft. manufacturing facility in IDA Bollaram, Telangana, equipped with laser cutting, CNC, and MIG welding machinery. In addition to manufacturing, it offers refurbishment of used formwork and a rental model for capex-free access. With a pan-India footprint and exports to UAE, Bahrain, and Bhutan, Teamtech posted FY26 revenue of ₹5,366 Lakhs (up 64% year-on-year) with panel capacity utilisation of 72–98%.
TeamTech Formwork IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 4,000 | ₹2,52,000 |
| Ind (Max) | 2 | 4,000 | ₹2,52,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,78,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,82,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,08,000 |
TeamTech Formwork IPO Size
Objects of the Issue
Capital Expenditure — Purchase of Plant & Machineries for New Manufacturing Unit
Repayment / Prepayment of Outstanding Borrowings
Working Capital Requirements
General corporate purposes & issue expenses
Total
TeamTech Formwork IPO IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|
TeamTech Formwork IPO Peer Comparison
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 5,366.11 | 3,270.87 | 3,030.12 |
| Profit | 1,158.99 | 783.77 | 769.47 |
| Net Worth | 3,321.97 | 2,162.99 | 1,379.22 |
| Borrowings | 1,667.56 | 1,109.64 | 363.56 |
| Assets | 6,675.46 | 4,000.03 | 2,496.18 |
| NAV (₹) | 15.09 | 9.82 | 6.26 |
| EPS (₹) | 5.26 | 3.56 | 3.50 |
There are no comparable listed peers in India as per the company
TeamTech Formwork IPO IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 53.66 | 32.71 | 30.30 |
| PAT | 11.59 | 7.84 | 7.69 |
| Net Worth | 33.22 | 21.63 | 13.79 |
| Borrowings | 16.68 | 11.10 | 3.64 |
| Assets | 66.75 | 40.00 | 24.96 |
| NAV (₹) | 15.09 | 9.82 | 6.26 |
| EPS (₹) | 5.26 | 3.56 | 3.50 |
Key Performance Indicators (KPIs)
EBITDA
32.61%
PAT
21.60%
ROE
42.26%
ROCE
40.92%
Debt to Equity
0.50
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
81.25%
Public
18.75%
Management
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (1)
Company Details
Name: Teamtech Formwork Solutions Limited
Address: 3rd Floor, Plot No. 1050/1, Sree Sai Enclave, Survey No. 163/Part, Durgamatha House Building Co-operative Housing Society Limited, Hydernagar, Balanagar Mandal, Kukatpally Municipal Circle, Ranga Reddy Medchal, Miyapur, Hyderabad, Telangana - 500049
Number: +91 7801046161
Email: compliance@teamtechengg.com
Website: https://teamtechengg.com
Frequently Asked Questions (FAQs)
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How to apply TeamTech Formwork IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply TeamTech Formwork IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply TeamTech Formwork IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select TeamTech Formwork IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date