Teamtech Formwork Solutions IPO
Engineering • ₹50.15 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹63
Lot Size
2000 shares
Issue Size
₹50.15 Cr
Open
19 May 2026
Close
21 May 2026
Subscription
3.88×
IPO Schedule
| Issue Open Date | 19 May 2026 |
| Issue Close Date | 21 May 2026 |
| Listing Date | 25 May 2026 |
About Teamtech Formwork Solutions
Teamtech Formwork Solutions Limited is engaged in the manufacturing, refurbishing, and rental of modular T formwork and customised formwork systems used in the construction industry. The company operates on a B2B model and provides vertical modular T formwork systems used for foundations, walls, shafts, tanks, bridges, circular walls, and other vertical concrete structures. Its offerings include standard panels, customised panels, accessories, refurbishment and reconditioning services, and rental-based formwork solutions. The company also provides formwork design support and project planning through software used for estimating panel requirements and project layouts. Teamtech Formwork Solutions operates an in-house manufacturing and assembly facility spread across 20,000 sq. ft. at IDA Bollaram, Sangareddy District, Telangana. The facility is equipped with machinery such as laser machines and plywood cutting equipment for manufacturing and refurbishment activities. The company was originally established as a partnership firm in 2017 and was converted into a public limited company in 2025.
Company Details
Founders / Promoters
Mr Eldo Varghese
Founded
2018
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Teamtech Formwork Solutions — IPOFins Verdict
QuantitativeDriven by QIB demand at 2.9x and moderate disclosed risk (6/10), Teamtech Formwork Solutions listed at a premium of 19.0% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
- Teamtech Formwork Solutions operates an integrated business model covering manufacturing, refurbishment, and rental of modular T formwork systems. This allows the company to cater to different custome
- The company claims to have an in-house manufacturing and refurbishment facility spread across approximately 32,000 sq. ft. at IDA Bollaram, Telangana. The facility is equipped with machinery such as l
- The company claims to have in-house engineering and technical capabilities for formwork design, layout planning, quantity estimation, and site-level technical support. It also uses software from third
- Teamtech Formwork Solutions derives revenue from multiple activities, including manufactured formwork systems, refurbishment services, rental income, and the sale of accessories. The rental and refurb
- The company has supplied products across several Indian states, including Telangana, Karnataka, Maharashtra, Tamil Nadu, Odisha, and Gujarat. It has also executed projects in international markets suc
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score 0
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹63
Listing Price
₹75
Listing Gain/Loss
+19.05%
Listing Date
25 May 2026
Price Since Listing
Returns are measured against the ₹63 issue price.
Listing
₹75
+19.0%
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FAQ
What is the price band of Teamtech Formwork Solutions IPO?
The price band is ₹63 per share with a lot size of 2000 shares. Minimum investment: ₹1,26,000.
What does Teamtech Formwork Solutions do?
Teamtech Formwork Solutions Limited is engaged in the manufacturing, refurbishing, and rental of modular T formwork and customised formwork systems used in the construction industry. The company operates on a B2B model and provides vertical modular T formwork systems used for foundations, walls, shafts, tanks, bridges, circular walls, and other vertical concrete structures. Its offerings include standard panels, customised panels, accessories, refurbishment and reconditioning services, and rental-based formwork solutions. The company also provides formwork design support and project planning through software used for estimating panel requirements and project layouts. Teamtech Formwork Solutions operates an in-house manufacturing and assembly facility spread across 20,000 sq. ft. at IDA Bollaram, Sangareddy District, Telangana. The facility is equipped with machinery such as laser machines and plywood cutting equipment for manufacturing and refurbishment activities. The company was originally established as a partnership firm in 2017 and was converted into a public limited company in 2025.
Should I apply for Teamtech Formwork Solutions IPO?
Teamtech Formwork Solutions listed at ₹75 (+19.0% premium to the ₹63 issue price) after 3.9x subscription. IPOFins Score 5/10: Driven by QIB demand at 2.9x and moderate disclosed risk (6/10), Teamtech Formwork Solutions listed at a premium of 19.0% to its issue price. SME listings are also thinner and more volatile after listing. The picture is mixed — treat this as one input alongside the DRHP, valuation, and your own risk appetite.
Who founded Teamtech Formwork Solutions?
Teamtech Formwork Solutions was founded by Mr Eldo Varghese in 2018.