listed · IPO · NSE SME · listed 26 May 2026

Teamtech Formwork Solutions Limited

Raised ₹50.15 Cr at ₹63 per share.

+19.1%

listing-day move

Price band

₹61 – ₹63

Issue price

₹63

Issue size

₹50.15 Cr

Return since listing

+14.44%

Company research

Source: Tijori Finance · third-party enrichment

About the company

Teamtech Formwork Solutions Limited, incorporated in 2018, is engaged in the manufacturing, refurbishing, and rental of modular T-formwork and customised formwork systems for the construction industry, along with design, engineering, and technical support services on a B2B model.

Financials (₹ crore)

Period	Revenue	PAT	Debt
Mar 2024	30.3 Cr	7.69 Cr	3.64 Cr
Mar 2025	32.71 Cr	7.84 Cr	11.1 Cr
Mar 2026	53.66 Cr	11.59 Cr	16.68 Cr

Revenue mix

Key Lock 48.5%

Outside Corner Post 12.7%

Insde Corner Post 12.3%

Pushpull Prop 9.8%

Wingnut 3.3%

Tie Rod 2.6%

Spacer straps 2.4%

Timber Fiiler Piece 1.5%

Water Barrier 1.2%

Others 5.8%

Peer comparison

Company	Mkt cap (Cr)	Revenue	PAT	P/E	P/B
TEAMTECH	219	53.66 Cr	11.59 Cr	18.87	6.59
PENIND	2,317	3,226 Cr	119 Cr	16.69	1.99
BRPL	167	96.63 Cr	5.54 Cr	15.81	3.96
TIIL	5,950	2,595 Cr	256 Cr	21.62	3.16

Exchange filings

Fields captured from NSE and BSE

Issue information

Symbol: TEAMTECH
Issue period: 2026-05-19 to 2026-05-21
Price range: Rs.61 to Rs.63
DRHP: https://nsearchives.nseindia.com/emerge/corporates/content/AD_IPO_6927_20042026192124.zip
Red Herring Prospectus: https://nsearchives.nseindia.com/emerge/corporates/content/TeamtechFormworkSolutionsLimited_RHP.zip
Prospectus: https://nsearchives.nseindia.com/emerge/corporates/content/TeamtechFormworkSolutionsLimited_PROSP.pdf

Data sources: MONEYCONTROL , NSE , NSE , NSE , NSE . Data quality clean.