Issue Price
₹63
Per Share
GMP
NIL
Grey Market
Est. Listing
₹63
Expected Price
Min. Application
₹252,000
2 lots × 2000 shares
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 StrengthExperienced Management TeamIntegrated Business ModelStrong Engineering and Technical CapabilitiesEstablished Manufacturing and Refurbishment InfrastructureSystem-Driven and Quality-Focused OperationsPan-India and International Market PresenceDiversified Revenue StreamsLong-Term Customer Relationships
Teamtech Formwork Solutions Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1,512,000 | — | ₹9.53 Cr | 4.28x |
| NII / HNI | 1,134,000 | — | ₹7.14 Cr | 12.79x |
| Retail (RII) | 2,648,000 | — | ₹16.68 Cr | 6.10x |
| Market Maker | 400,000 | — | ₹2.52 Cr | — |
| TOTAL | 5,294,000 | 100.00% | ₹33.35 Cr | 7.01x |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹126,000 |
| Retail (Max) | 13 | 26,000 | ₹1,638,000 |
| sNII (Min) | 14 | 28,000 | ₹1,764,000 |
| bNII (Min) | 68 | 136,000 | ₹8,568,000 |
| Particulars | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 54.23 | 32.98 | 30.31 |
| EBITDA | 17.50 | 9.24 | 9.11 |
| Profit After Tax (PAT) | 11.59 | 7.84 | 7.69 |
| Net Worth | 33.22 | 21.63 | 13.79 |
| Total Assets | 66.75 | 40.00 | 24.96 |
| Reserves & Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowings | 16.68 | 11.10 | 11.10 |