Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Teamtech Formwork Solutions Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on February 26, 2025 to raise funds through Initial Public Offer (IPO).
Teamtech Formwork Solutions Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.80 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. GetFive Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Teamtech Formwork Solutions IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 79,60,000 shares (agg. up to ₹[.] Cr) |
| Reserved for Market Maker | 4,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue (Ex Market Maker) | 75,60,000 shares (agg. up to ₹[.] Cr) |
| Net Offered to Public | 75,60,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 2,20,16,000 shares |
| Share Holding Post Issue | 2,99,76,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Feb 26, 2025 |
Teamtech Formwork Solutions IPO comprises a total issue size of 79,60,000 shares. The net offer to the public is 75,60,000 shares, after excluding 4,00,000 shares allotted on a firm basis. Of the Net offer 37,78,000 (49.97%) are allocated to QIB, 11,34,000 (15.00%) allocated to NII 26,48,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 37,78,000 | 49.97% | 47.46% |
| − Anchor Investor Shares Offered | 22,66,000 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 15,12,000 | 18.99% | |
| NII (HNI) Shares Offered | 11,34,000 | 15.00% | 14.25% |
| Retail Shares Offered | 26,48,000 | 35.03% | 33.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,00,000 | 5.03% | |
| Total Shares Offered | 79,60,000 | 100.00% | 100.00% |
Incorporated in November 2018, Teamtech Formwork Solutions Limited operates on a business-to-business (B2B) model, manufacturing, refurbishing, and renting modular T formwork and customised formwork systems for the construction industry.
The company offers various customised, modular formwork panels and accessories with detailed specifications.
The company provides modular T formwork systems with customised design and technical support. Along with manufacturing new formwork, it refurbishes and reconditions used systems to extend their life. It also offers a rental model, enabling customers to access formwork solutions without capital expenditure.
The Company manufactures vertical modular T-formwork systems suitable for a wide range of vertical concrete structures, including foundations, walls, shafts, tanks, bridges, circular walls and various other structural elements.
The company operates a 20,000 sq. ft. in-house manufacturing and refurbishment facility in Bollaram, Telangana. It is equipped with laser and plywood cutting machinery for modular formwork systems.
The Company uses software for design and operational activities. Formwork planning software helps assess panel needs based on client designs, aiding project timelines and reliable quotations. This improves efficiency and planning accuracy.
Competitive Strength
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 56.14 | 40.00 | 24.96 | 12.80 |
| Total Income | 31.74 | 32.98 | 30.31 | 20.06 |
| Profit After Tax | 7.33 | 7.84 | 7.69 | 2.95 |
| EBITDA | 10.71 | 9.51 | 9.11 | 4.20 |
| NET Worth | 28.96 | 21.63 | 13.79 | 6.35 |
| Reserves and Surplus | 26.40 | 19.07 | 11.23 | 3.79 |
| Total Borrowing | 16.55 | 11.10 | 3.64 | 3.22 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit | 11.81 |
| 2 | Repayment/prepayment of all or certain of the borrowing availed by your company | 15.50 |
| 3 | To meet the working capital requirements | 13.08 |
| 4 | General Corporate Purpose | |
| Total | 40.39 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 44.25% |
| ROCE | 37.48% |
| Debt/Equity | 0.51 |
| RoNW | 36.24% |
| PAT Margin | 23.96% |
| EBITDA Margin | 29.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 81.25% |
Lead Manager Reports
Teamtech Formwork Solutions IPO is a SME IPO of 79,60,000 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Teamtech Formwork Solutions IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Teamtech Formwork Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Teamtech Formwork Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Teamtech Formwork Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Teamtech Formwork Solutions IPO dates are not announced. Please check back again after some time.
Teamtech Formwork Solutions IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Teamtech Formwork Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Teamtech Formwork Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Teamtech Formwork Solutions IPO allotment status.
The Teamtech Formwork Solutions IPO listing date is not yet announced. The tentative date of listing is .
