Teamtech Formwork Solutions Limited

19 May 2026 - 21 May 2026 Individual Category SME NSE

Min Investment

₹252000

Price Band

₹61-₹63

Issue Size

₹35.87 Cr

Lot Size

2000 (per lot)

IPO Dates
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19 May 2026

Open Date

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21 May 2026

Close Date

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22 May 2026

Allotment Date

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26 May 2026

Listing Date

Know Before Investing

Strengths icon

  • Teamtech operates a B2B business focused on manufacturing, refurbishing, and renting formwork systems.
  • The company offers customised formwork solutions along with technical support for construction projects.
  • Teamtech provides refurbishment services that help customers extend the life of formwork products.
  • The company also follows a rental model, reducing upfront costs for customers.
  • Revenue from operations and profit after tax have grown consistently over the last three financial years.

Weaknesses icon

  • The company depends heavily on a limited number of customers for a major share of its revenue.
  • A promoter group entity operates in the same line of business as the company.
  • The business is affected by seasonality, especially lower construction activity during monsoons.
  • The company does not own its registered office, and some operating premises are on lease.
  • A major portion of revenue comes from the sale of standard panels, creating product concentration risk.

About Teamtech Formwork Solutions Limited

Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model and is engaged in the manufacturing, refurbishing, and rental of modular and customised formwork systems used in the construction industry. Formwork systems are temporary moulds that support and shape concrete structures until the concrete gains sufficient strength. The company provides modular T formwork systems along with customised designs and technical support for construction projects. In addition to manufacturing new systems, it also refurbishes and reconditions used formwork products, helping customers extend product life and reduce replacement costs. The company further offers formwork on a rental basis, allowing customers to use these systems without large upfront capital expenditure. Its business is linked to infrastructure and construction activities, including projects related to roads, metro networks, urban development, and other construction requirements in India.

IPO Objectives

1. Funding of Capital Expenditure towards purchase of Plant and Machineries for Expansion of new manufacturing unit.

2. Repayment/prepayment of all or certain of our borrowing availed by our company.

3. To meet the Company’s fresh working capital requirements in line with its projected business growth and operational needs.

4. General Corporate Purpose

Company Promoters

Chaitanya Prakash Kotagiri

Eldo Varghese

Salinraj Kunnummal

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