T

Teamtech Formwork Solutions Ltd.

SME
ListedListed on 26 May 2026+19.1%

Price Range

₹61–63

Issue Size

₹ 36 Cr

Lot Size

4000 Shares

Min. Investment

₹ 2,44,000

Financial Summary

(in crores)
ParticularsFY 2025-26FY 2024-25
Operating Revenue5,366.113,270.87
Other Income56.9826.73
Total Income5,423.093,297.6
Total Expenses3,614.272,346.37
Profit Before Tax1,591.45800.62
Total Profit1,158.99783.77

Subscription Details

Subscription data not yet available

IPO Timeline

IPO Offer Start

19 May 2026

IPO Offer Ends

21 May 2026

Listing Date

26 May 2026

Use of Proceeds

#PurposeAmount (₹ Cr)
1Funding of Capital Expenditure towards purchase of Plant and Machineries for new 119.235
2Repayment/prepayment of all or certain of our borrowing availed by your company155
3To meet the working capital requirements 137.688
4General Corporate Purpose42.936

Promoters

Eldo VargheseChaitanya Prakash KotagiriSalinraj Kunnummal

Promoter Shareholding

Pre-IPO

81.25%

Promoter stake

Post-IPO

59.67%

Promoter stake

Offered to Public

56,94,000

shares

Post Share Capital

1,78,88,000

shares

About the Company

Our Company operates on business-to-business (“B2B”) model and is engaged in the manufacturing, refurbishing and renting of modular T formwork and customised formwork system used in the construction industry. Formwork systems serve as temporary moulds that support and shape concrete which is poured into it until it attains the desired structural form (It provides support until the concrete gains enough strength to sustain its own weight and any imposed loads), making them an essential component of modern construction activities. We provide modular T formwork systems, including customised design, and technical support for projects. In addition to manufacturing new formwork systems, we also undertake refurbishment and reconditioning of used formwork, activities enabling customers to extend product life. The Company also offers a rental model, allowing customers to access formwork solutions without capital expenditure. Presently, the Company manufactures vertical modular T formwork systems which are only suitable for a wide range of vertical concrete structures. These systems are used for foundations, walls, shafts, tanks, bridges, circular walls and various other structural elements. With a balanced and versatile range of panels, our formwork can be easily adapted to diverse project layouts, configurations and cross-sections, supporting faster and more efficient construction execution

Use of Proceeds

1.Funding of Capital Expenditure towards purchase of Plant and Machineries for Expansion of new manufacturing unit. 2.Repayment/prepayment of all or certain of our borrowing availed by our company. 3.To meet the Company’s fresh working capital requirements in line with its projected business growth and operational needs.4.General Corporate Purpose