Teamtech Formwork Solutions IPO
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Teamtech Formwork Solutions IPO details
Schedule of Teamtech Formwork Solutions
| Issue open date | 19 May 2026 |
| Issue close date | 21 May 2026 |
| UPI mandate deadline | 21 May 2026 (5 PM) |
| Allotment finalization | 22 May 2026 |
| Refund initiation | 25 May 2026 |
| Share credit | 25 May 2026 |
| Listing date | 26 May 2026 |
| Mandate end date | 05 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 20 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 19 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Teamtech Formwork Solutions
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.
Financials of Teamtech Formwork Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 50.15 |
| Fresh Issue – Proceeds go to the company | 50.15 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Buy plant and machinery for a new manufacturing unit | 11.92 (23.77%) |
| Repay or prepay certain borrowings | 15.5 (30.91%) |
| Meet working capital requirements | 13.77 (27.46%) |
| General corporate purposes | 8.96 (17.86%) |
Strengths
- 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.
Risks
- 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.