Teamtech Formwork Solutions Ltd IPO GMP, Price, Date, Allotment & Subscription Status

Teamtech Formwork Solutions Ltd, a Hyderabad-based modular formwork company, has launched its SME IPO. The company manufactures, refurbishes, and rents modular T-formwork solutions for construction and infrastructure projects. Here’s a quick look at its GMP, price band, key dates, subscription status, and financials.

Teamtech Formwork Solutions Ltd IPO GMP stands at ₹0 (0%) as of May 19, 2026.

What is the Teamtech Formwork Solutions IPO?

The Teamtech Formwork Solutions Ltd IPO is a 100% Fresh Issue (book-built).

• Issue Size: ₹50.15 crore (Fresh Issue)
• Listing Exchange: NSE SME
• Registrar: KFin Technologies Limited
• Book Running Lead Manager: Getfive Advisors Private Limited

Teamtech Formwork Solutions IPO Key Timeline

Teamtech Formwork Solutions Ltd Key Details

• IPO Open Date: May 19, 2026
• IPO Close Date: May 21, 2026
• Issue Size: ₹50.15 Crores (100% Fresh Issue)
• Price Band: ₹61 to ₹63 per share
• Face Value: ₹5 per share
• Lot Size: 2,000 shares
• Listing Date: May 26, 2026
• Minimum Investment (Retail): ₹2,52,000
• Minimum Investment (sHNI): ₹3,78,000
• Minimum Investment (bHNI): ₹10,08,000
• IPO Reservation (approximate):
  • Qualified Institutional Buyers (QIB): 37,78,000 Shares
  • Non-Institutional Investors (NII/HNI): 11,34,000 Shares
  • Retail Investors: 26,48,000 Shares
• UPI Mandate Confirmation Cut-off: May 21, 2026, 5:00 PM

Teamtech Formwork Solutions IPO GMP Today

As of May 18, 2026, the GMP of Teamtech Formwork Solutions Ltd stands at ₹0, implying a listing price of around ₹63 per share (at the upper band, 0% premium).

Teamtech Formwork Solutions IPO Subscription Status

Teamtech Formwork Solutions Ltd IPO Objectives

• Funding manufacturing expansion / new unit capex
• Prepayment or repayment of certain outstanding borrowings
• Working capital requirements
• General corporate purposes

About Teamtech Formwork Solutions Ltd

Teamtech Formwork Solutions Ltd, incorporated in 2018 and headquartered in Hyderabad, Telangana, operates on a B2B model. The company is engaged in the manufacturing, refurbishing, and renting of modular T-formwork and customised formwork systems used in vertical concrete structures.

Business Model: Integrated approach with manufacturing + refurbishment + rental services + design/technical support. Serves EPC contractors, infrastructure companies, and large construction firms across roads, bridges, metro, industrial, and defence projects.

Teamtech Formwork Solutions Business Overview

The company benefits from India’s massive infrastructure push. Its rental model helps clients reduce capital expenditure while providing high-quality, reusable European-standard formwork solutions that improve construction speed and cost-effectiveness.

Teamtech Formwork Solutions Ltd Key Highlights

• Strong revenue growth (from ~₹30.31 Cr in FY23 to ~₹54.23 Cr in FY25)
• Robust PAT growth (to ₹11.59 Cr in FY25)
• Improving profitability and operational scale
• Exposure to India’s booming infrastructure and construction sector
• Debt management through IPO proceeds

Strengths and Challenges of Teamtech Formwork Solutions Ltd

Strengths:

• Experienced team in formwork & construction engineering
• Integrated business model (manufacture + rent + refurbish)
• Strong demand tailwinds from the infrastructure boom
• High reusability and cost savings for clients

Challenges:

• Competition in the formwork solutions space
• Dependence on construction/infra spending cycles
• Raw material price volatility and execution risks in scaling manufacturing

Teamtech Formwork Solutions Ltd Financial Performance

How to Apply for Teamtech Formwork Solutions IPO?

Investors can apply via ASBA or UPI through their broker or bank platforms following standard SME IPO procedures.

Online ASBA/UPI:

• Log in to your broker's platform.
• Navigate to the IPO section.
• Select "Teamtech Formwork Solutions IPO".
• Enter the bid details, including lots, price, and UPI ID (if applicable).
• Submit and confirm the mandate by 5 PM on the closing date.

Offline:

• Obtain form from broker/exchange.
• Fill in the details and submit to the broker.

Teamtech Formwork Solutions IPO Allotment Status

The Teamtech Formwork Solutions Ltd IPO allotment status will be available on KFin Technologies Limited on May 22, 2026. 

Follow the steps below to check your allotment status online.

• Visit the KFin Technologies Limited website.
• Select “Teamtech Formwork Solutions” from the “Dropdown”.
• Click on any of the options: PAN, application number, or DP/Client ID.
• Enter your details to confirm your identity for bid verification.
• Click “Search” to view your allotment status.

Note: Allotment status can be checked through the NSE and BSE websites, as well as with the stockbroker, once the allotment results are out.

Teamtech Formwork Solutions Limited IPO Contact Details

Registrar:

• Name: Kfin Technologies Limited
• Contact Person: M. Murali Krishna
• Tel No.: +91 40 6716 2222
• E-mail: teamtech.ipo@kfintech.com

Lead Managers:

• Name: Getfive Advisors Private Limited
• Contact Person: Aman Jain
• Tel No.: 079 - 40300332
• E-mail: investor.grievance@getfive.in

Company:

• Name: TEAMTECH FORMWORK SOLUTIONS LIMITED
• Address: 3rd Floor, Plot No. 1050/1, Sree Sai Enclave, Survey No 163/Part, Durgamatha House Building Cooperative, Housing Society Limited, Hydernagar, Balanagar Mandal, Kukatpally Municipal Circle, Ranga Reddy Medchal, Miyapur, Hyderabad, Tirumalagiri, Telangana, India, 500049
• Tel No: +91 7801046161
• Email: complianceofficer@teamtechengg.com

Conclusion

Teamtech Formwork Solutions Ltd IPO provides an opportunity to participate in India’s infrastructure growth story through a pure-play formwork solutions company. With healthy revenue and profit growth, an integrated model, and strong sectoral tailwinds, the issue has a decent fundamental appeal, though GMP remains flat at launch.

Disclaimer: The information provided in the article is only for educational purposes and should not be taken as investment advice. Investors are advised to conduct their own research and consult SEBI-registered financial advisors before making any investment decisions. Grey market premiums are unofficial and volatile