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’s product portfolio includes standard panels, customised panels, and formwork accessories & supporting components, which together form a complete modular formwork system for various construction requirements.
The company provides modular T-formwork systems with customised design, engineering, technical support, refurbishment, and rental solutions for vertical concrete structures such as walls, shafts, tanks, bridges, foundations, and circular walls.
The company operates a 20,000 sq. ft. in-house manufacturing and refurbishment facility in Bollaram, Telangana, equipped with laser and plywood cutting machinery. It also uses specialised formwork planning software for project design, panel estimation, and operational planning.
As of March 31, 2026, the company had 100 employees across administration, engineering, operations, R&D, logistics, finance, sales, and management departments.
Competitive Strength
Teamtech Formwork Solutions Ltd.’s revenue increased by 64% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 66.75 | 40.00 | 24.96 |
| Total Income | 54.23 | 32.98 | 30.31 |
| Profit After Tax | 11.59 | 7.84 | 7.69 |
| EBITDA | 17.50 | 9.24 | 9.11 |
| NET Worth | 33.22 | 21.63 | 13.79 |
| Reserves and Surplus | 22.21 | 19.07 | 11.23 |
| Total Borrowing | 16.68 | 11.10 | 3.64 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure towards purchase of Plant and Machineries for new manufacturing unit | 11.92 |
| 2 | Repayment/prepayment of all or certain of the borrowing availed by your company | 15.50 |
| 3 | To meet the working capital requirements | 13.77 |
| 4 | General Corporate Purpose | |
| Total | 41.19 |
| 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% |
| Price to Book Value | 4.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.26 | 3.87 |
| P/E (x) | 11.97 | 16.29 |
| IPO Date | 19 to 21 May, 2026 |
| Listing Date | Tue, May 26, 2026 |
| Face Value | ₹5 per share |
| Price Band | ₹61 to ₹63 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 79,60,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 4,00,000 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 75,60,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 75,60,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 2,20,16,000 shares |
| Share Holding Post Issue | 2,99,76,000 shares |
Eldo Varghese, Chaitanya Prakash Kotagiri, Salinraj Kunnummal.
| Share Holding Pre Issue | 81.25% |
| Share Holding Post Issue |
As per our analysis and Based on the information we have, this is the output.
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