Who is the CEO of Teamtech Formwork Solutions Ltd?
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Eldo Varghese is the Chairman and Managing Director of Teamtech Formwork Solutions Ltd.
Teamtech Formwork Solutions Ltd operates in the construction support and engineering solutions segment and is engaged in manufacturing, refurbishment, and rental of modular formwork systems used in infrastructure and construction projects. The Teamtech Formwork Solutions IPO will open for subscription on May 19, 2026, and close on May 21, 2026. The public issue consists of 79,60,000 shares with a price band of ₹61 to ₹63 per share. The company plans to utilise the IPO proceeds for capital expenditure, repayment or prepayment of borrowings, working capital requirements, and general corporate purposes.
Teamtech Formwork Solutions Ltd operates in the construction support and engineering solutions segment through a business-to-business (B2B) model. The company is engaged in the manufacturing, refurbishment, and rental of modular T-formwork and customised formwork systems used across construction and infrastructure projects. Its product portfolio includes standard panels, customised panels, accessories, and supporting components designed for different structural requirements. The company also provides customised design, engineering, technical support, refurbishment, and rental solutions for concrete structures such as walls, shafts, bridges, foundations, tanks, and circular walls. The company operates a manufacturing and refurbishment facility in Telangana equipped with machinery for formwork production and processing activities. It also uses specialised software for project planning, panel estimation, and operational management.
Investors planning to apply for the Teamtech Formwork Solutions IPO can do so through the ASBA facility available in net banking platforms or through UPI-supported applications provided by registered stock brokers and trading platforms. Applicants are generally required to select the IPO under the ongoing public issues section, enter the bid quantity, provide UPI details if applicable, and approve the payment mandate within the specified timeline.
For more details, visit the Teamtech Formwork Solutions IPO page.
Details | Information |
IPO Date | May 19, 2026 to May 21, 2026 |
Issue Size | 79,60,000 shares (agg. up to ₹50.15 Cr) |
Price Band | ₹61 to ₹63 per share |
Lot Size | 2000 shares |
Listing At | SME, NSE |
Market Maker | SMC Global Securities Ltd. |
Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit
Repayment/prepayment of all or certain of the borrowing availed by the company.
To meet the working capital requirements
General corporate purposes
Event | Date |
IPO Open Date | Tue, May 19, 2026 |
IPO Close Date | Thu, May 21, 2026 |
Tentative Allotment | Fri, May 22, 2026 |
Initiation of Refunds | Mon, May 25, 2026 |
Credit of Shares to Demat | Mon, May 25, 2026 |
Tentative Listing Date | Tue, May 26, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 21, 2026 |
₹61 to ₹63 per share
Application | Lots | Shares | Amount |
Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,52,000 |
Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,52,000 |
S-HNI (Min) | 3 | 6,000 | ₹3,78,000 |
S-HNI (Max) | 7 | 14,000 | ₹8,82,000 |
B-HNI (Min) | 8 | 16,000 | ₹10,08,000 |
The Teamtech Formwork Solutions IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate Teamtech Formwork Solutions IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 2000 shares) within the price band of ₹61 to ₹63 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the Teamtech Formwork Solutions IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.
Investor Category | Shares Offered | ||
QIB Shares Offered | 37,78,000 | ||
− Anchor Investor Shares Offered | 22,66,000 | ||
− QIB (Ex. Anchor) Shares Offered | 15,12,000 | ||
NII (HNI) Shares Offered | 11,34,000 | ||
Retail Shares Offered | 26,48,000 | ||
Firm Reservations | |||
Market Maker Shares Offered | 4,00,000 | ||
Total Shares Offered | 79,60,000 | ||
This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.
Total Assets: Grew from ₹24.96 crore in FY24 to ₹66.75 crore as of March 2026.
Total Income: Recorded at ₹54.23 crore in March 2026, as compared to ₹30.31 crore in FY24.
Profit After Tax (PAT): Reported at ₹11.59 crore in March 2026, and ₹7.69 crore in FY24.
Net Worth: Recorded at ₹33.22 crore in March 2026 compared to ₹13.79 crore in FY24.
Reserves & Surplus: Stood at ₹22.21 crore in March 2026, as compared to ₹11.23 crore in FY24.
Total Borrowings: Stood at ₹16.68 crore in March 2026, as compared to ₹3.64 crore in FY24.
EBITDA: Stood at ₹17.50 crore in March 2026 in comparison to ₹9.11 crore in FY24.
The company reported growth in its asset base during the reported financial period, reflecting expansion in operational scale and business activities.
Income levels increased during the period under review, indicating higher business turnover and execution of projects across operations.
Profit after tax recorded growth compared to the earlier financial year, reflecting changes in revenue generation and operational performance.
The company’s net worth strengthened during the reported period, supported by growth in retained earnings and business expansion activities.
Reserves and surplus also increased compared to the previous financial year, indicating accumulation of earnings within the business.
Borrowings increased during the period under review, which may be linked to operational requirements, expansion activities, or working capital management.
EBITDA reported growth over the previous financial year, reflecting changes in operational income and business activity levels.
The company operates in the construction and infrastructure segment, where business activity may be influenced by project execution timelines, raw material availability, and sector-related demand conditions.
Borrowings increased during the reported financial period, and future financial performance may depend on effective working capital management, operational execution, and utilisation of funds raised through the IPO.
The company operates in the modular formwork and construction solutions segment, which may benefit from ongoing infrastructure development, urbanisation trends, and construction activities across sectors.
Expansion plans related to manufacturing facilities, plant and machinery, and operational capabilities may support future business activities, project execution capacity, and customer engagement across infrastructure projects.
KPI | Mar 31, 2026 |
ROE | 42.26% |
ROCE | 40.92% |
Debt/Equity | 0.50 |
RoNW | 34.89% |
PAT Margin | 21.60% |
EBITDA Margin | 32.61% |
Registrar | Lead Manager(s) |
Kfin Technologies Ltd. | GetFive Advisors Pvt.Ltd. |
3rd Floor, Plot No. 1050/1, Sree Sai Enclave,
Survey No., 163/Part, Durgamatha House Building
Cooperative, Housing Society Ltd, Hydernagar,
Hyderabad, Telangana, 500049
Phone: +91 7801046161
Email: complianceofficer@teamtechengg.com
Website: https://teamtechengg.com/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Teamtech Formwork Solutions IPO allotment status.
Eldo Varghese is the Chairman and Managing Director of Teamtech Formwork Solutions Ltd.
The Teamtech Formwork Solutions IPO is scheduled to open for subscription on May 19, 2026, and close on May 21, 2026. Investors can submit applications within this subscription window through eligible trading platforms and banking channels.
Teamtech Formwork Solutions Ltd operates in the construction support and engineering solutions segment. The company is engaged in manufacturing, refurbishment, and rental of modular T-formwork and customised formwork systems used in infrastructure and construction projects. Its business activities include engineering support, refurbishment services, and rental solutions for concrete structures such as walls, bridges, foundations, shafts, and tanks. The sustainability of the business model may depend on infrastructure activity, project execution, operational efficiency, industry demand, and the company’s ability to manage expansion and working capital requirements.
The Teamtech Formwork Solutions IPO consists of 79,60,000 shares with an aggregate issue size of up to ₹50.15 crore, as disclosed in the IPO details.
The pre-apply facility allows eligible investors to submit their IPO application details before the public issue officially opens for subscription. The mandate approval and fund blocking process are generally completed once the IPO becomes active during the subscription period.
The IPO lot size is 2,000 shares. Retail investors are required to apply for a minimum of two lots, which translates to 4,000 shares as the minimum application quantity under the retail category.
The tentative allotment date for the Teamtech Formwork Solutions IPO is May 22, 2026, according to the disclosed IPO timeline.
The registrar to the Teamtech Formwork Solutions IPO is Kfin Technologies Ltd. The registrar is responsible for processing IPO applications, allotment records, refunds, and related investor services.
There are no publicly stated governance issues or red flags highlighted. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply for the IPO through the ASBA facility available via supported net banking services or through UPI-based applications offered by registered stock brokers and trading platforms. The process generally involves logging into the trading platform, selecting the IPO from the active issues section, entering the bid quantity, providing UPI details where applicable, and approving the mandate request within the prescribed timeline.
Yes, a Demat account is generally required to apply for an IPO in India. Shares allotted in the IPO are credited electronically to the investor’s Demat account after the allotment process is completed.
Investors can check the IPO allotment status through the registrar’s website, stock exchange platforms, or their trading and banking applications after the allotment process is completed. If shares are allotted, they are credited to the investor’s Demat account before the tentative listing date.
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