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
- Experienced Management Team
- Integrated Business Model
- Strong Engineering and Technical Capabilities
- Established Manufacturing and Refurbishment Infrastructure
- System-Driven and Quality-Focused Operations
- Pan-India and International Market Presence
- Diversified Revenue Streams
- Long-Term Customer Relationships
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit | ₹12 |
| Repayment/prepayment of all or certain of the borrowing availed by your company | ₹16 |
| To meet the working capital requirements | ₹14 |
| General Corporate Purpose | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 67 | 40 | 25 |
| Revenue | 54 | 33 | 30 |
| PAT | 12 | 8 | 8 |
| EBITDA | 18 | 9 | 9 |
| Net Worth | 33 | 22 | 14 |
| Reserves | 22 | 19 | 11 |
| Total Borrowing | 17 | 11 | 11 |
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 4.28 | 1,512,000 | 6,478,000 | ₹953 Cr |
| NII / HNI | 12.79 | 1,134,000 | 14,508,000 | ₹714 Cr |
| Retail (RII) | 6.10 | 2,648,000 | 16,140,000 | ₹1,668 Cr |
| Market Maker | — | 400,000 | — | ₹3 Cr |
| Total | 7.01 | 5,294,000 | 37,126,000 | ₹3,335 Cr |
* Amount calculated at upper price band (₹63) · ** Total includes all investor categories
- 1 Initiation of Refund 25 May 2026
- 2 Credit of Shares to Demat 25 May 2026
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹4 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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