Teamtech Formwork Solutions IPO
Teamtech Formwork Solutions LtdSME
This IPO has listed.
- Open date
- 19 May 2026
- Close date
- 21 May 2026
- Min. Investment
- ₹2,52,000
- Lot Size
- -
- Fresh Issue
- ₹50.15 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers4.28x
- Non-Institutional Investors9.72x
- Retail-Individual Investors6.10x
- Total6.59x
Schedule
- Completed: IPO open date19 May 2026
- Completed: IPO close date21 May 2026
- Completed: Allotment date22 May 2026
- Completed: Funds unblock or debit25 May 2026
- Completed: Tentative listing date26 May 2026
About
Promoter shareholding in Teamtech Formwork Solutions Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Eldo Varghese | 75,68,000 | 34.38% | 75,68,000 | 25.25% |
| Chaitanya Prakash Kotagiri | 24,07,140 | 10.93% | 24,07,140 | 8.03% |
| Salinraj Kunnummal | 75,68,000 | 34.38% | 75,68,000 | 25.25% |
| Meena P P | 1,72,000 | 0.78% | 1,72,000 | 0.57% |
| Reena Varghese | 1,72,000 | 0.78% | 1,72,000 | 0.57% |
| Aswani Lemati | 860 | 0.00% | 860 | 0.00% |
Teamtech Formwork Solutions IPO Strengths & Risks
- Experienced Management.
- 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.
- Risks Relating to the Business: The company business is dependent on the sale of its services to certain key Industries and certain customers including the company Promoter Group Companies. The negative change in industry and/or loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: The Company may experience the effects of seasonality which may result in operating results fluctuating significantly.
- Risks Relating to the Business: The company Promoter Group entity operates in the same line of business as that of its Company.
- Risks Relating to the Business: The company does not own the premises in which its registered office is located and the same are on lease arrangement. Any termination of such lease/license and/or non-renewal thereof and attachment by Property Owner could adversely affect the company operations.
- Risks Relating to the Business: Majority portion of the company sales is generated from its Standard Panel.
- Risks Relating to the Business: The company has had negative cash flows from operating, investing and financing activities in the past in some of the recent years.
- Risks Relating to the Business: The company business heavily relies on the expertise and guidance of its Directors and Key Managerial Personnel to ensure sustained success. The loss of any of them could have a significant impact on the company.
- Risks Relating to the Business: Th company financial statements for the financial year ended March 31, 2025 were originally audited by an auditor that is not peer reviewed, and although such financial statements have subsequently been re-audited and restated by a peer-reviewed auditor, this may adversely affect investor perception.
- Risks Relating to the Business: The company inability to collect receivables and defaults in payment from its customers could result in the reduction of the company profits and affect its cash flows.
- Risks Relating to the Business: The company depends on third parties to acquire raw material to manufacture the goods. Further, market instability, including changes in costs may adversely impact the company's operations and financial performance. Subsequently, its inability to effectively manage inventory levels and fluctuations in prices of key components used in the process may increase the company operational costs and adversely impact its business, profitability and cash flows.
- Risks Relating to the Business: The company has in past entered into related party transactions and its may continue to does so in the future.
- Risks Relating to the Business: The company business is working capital intensive, and any shortfall in meeting its working capital requirements may adversely impact the company operations, growth plans, and financial condition.
- Risks Relating to the Business: Potential conflict of interest of the promoters or directors of the issuer if involved with one or more ventures which are in the same line of activity or business as that of the issuer.
- Risks Relating to the Business: The company may incur penalties or liabilities for non-compliance or delay in compliance with certain provisions of GST Act, Income Tax Act, Companies Act, ESIC, Provident fund, Professional tax and other applicable laws in the previous years.
- Risks Relating to the Business: The Company and its Promoters are parties to certain legal proceedings. Any adverse decision in such proceedings may have a adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Interests of the promoters, directors, key managerial personnel of the issuer, other than reimbursement of expenses incurred or normal remuneration or benefits.
- Risks Relating to the Business: The company inability to predict accurately the demand for its products and to manage the company production and inventory levels could materially and adversely affect its business, financial condition, results of operations and prospects.
- Risks Relating to the Business: The company Promoters/ Directors/ Promoter Group have given personal guarantees and properties in relation to certain debt facilities provided to its Company by the company lender. In event of default of the debt obligations, the personal guarantees may be invoked thereby adversely affecting its Promoter's ability to manage the affairs of the Company and its Company's profitability and consequently this may impact the company business, prospects, financial condition and results of operations.
- Risks Relating to the Business: Dependence upon transportation services for supply and transportation of the company products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- Risks Relating to the Business: The company insurance coverage may not be adequate to protect its against all potential losses and the company does not maintain burglary and fire insurance coverage for certain of the company premises, which may adversely affect its business, financial condition and results of operations.
- Risks Relating to the Business: The company has not yet placed orders in relation to the capital expenditure to be incurred for the Proposed Manufacturing Unit. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the machineries in a timely manner, or at all, the same may result in time and cost over-runs.
- Risks Relating to the Business: The company has incurred indebtedness which exposes its to various risks which may have an adverse effect on the company business and results of operations.
- Risks Relating to the Business: Actual or alleged claims relating to defective or low-quality products could materially and adversely affect its business, financial condition, results of operations, reputation and prospects.
- Risks Relating to the Business: Non-availability of ESIC registration certificates with the Company may be viewed as a regulatory compliance gap.
- Risks Relating to the Business: Some of the statutory approvals by the Company is required to be transferred in the name of "Teamtech Formwork Solutions Limited" from "Teamtech Formwork Solutions Private Limited", pursuant to conversion from private limited to public limited company. Any failure to obtain and renew them or failure to transfer them in name of "Teamtech Formwork Solutions Limited" in a timely manner may affect its business operations.
- Risks Relating to the Business: The company is subject to competition from both organized and unorganized players in the market, which may significantly affect the fixation and realisation of the price for its product, which may adversely affect the company business operation and financial condition.
- Risks Relating to the Business: The company continued operations is critical to its business and are subject to operating risks such as breakdown or failure of machinery, disruption to power sources or any temporary shutdown of the company processing facility, in the event of which, its business, results of operations, financial condition and cash flows can be adversely affected.
- Risks Relating to the Business: Changes in technology may render the company current technologies obsolete or require its to make substantial investments.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by our Promoters could be lower than the Issue Price.
- Risks Relating to the Business: Failure to effectively manage labour/ staff or failure to ensure availability of sufficient labour/ staff could affect the business operations of the Company.
- Risks Relating to the Business: The Promoters (including family Member of Promoters) and Directors hold majority of the Equity Shares of Our Company and are therefore interested in the Company's performance in addition to their remuneration and reimbursement of expenses.
- Risks Relating to the Business: We could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Risks Relating to the Business: We have not identified any alternate source of funding and hence any failure or delay on our part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: The objects of the Issue have not been appraised by any bank, financial institution or independent agency, and the deployment of the Net Proceeds is based on management estimates and at the discretion of our Board of Directors. Any inability to vary the utilization of the Net Proceeds in accordance with applicable law may adversely affect our business, financial condition and results of operations.
- Risks Relating to the Business: Our ability to pay any dividends will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- Risks Relating to the Business: We may require further equity issuance, which will lead to dilution of equity and may affect the market price of our Equity Shares or additional funds through incurring debt to satisfy our capital needs, which we may not be able to procure and any future equity offerings by us.
- Risks Relating to the Business: Certain data mentioned in this Red Herring Prospectus has not been independently verified.
- Risks Relating to the Business: We may not be able to sustain effective implementation of our business and growth strategies.
- Risks Relating to the Business: In the event there is any delay in the completion of the Issue, there would be a corresponding delay in the completion of the objects/ schedule of implementation of this Issue which would in turn affect our revenues and results of operations.
- Risks Relating to the Business: The requirements of being a public listed company may strain our resources and impose additional requirements.
- Risks Relating to the Business: The determination of the Price Band and Issue Price is based on various factors and assumptions and the Issue Price of the Equity Shares may not be indicative of the market price of the Equity Shares after the Issue. Further, the current market price of some securities listed pursuant to certain previous issues managed by the BRLMs is below the respective issue price.
- Risks Relating to the Business: Inability to obtain or protect our intellectual property rights may adversely affect our business.
- Risks Relating to the Business: Health, safety and environmental matters, including compliance with environmental laws and remediation of contamination, could result in substantially increased capital requirements and operating costs.
- Risks Relating to the Business: The company may enter into hedging transactions in respect of our foreign currency exposure and are subject to risks resulting from foreign exchange rate fluctuations. Any losses, on account of foreign currency exchange rate fluctuations, may adversely affect our business, results of operations and financial condition.
- Risks Relating to the Business: Our import and export operations expose us to risks arising from changing global economic conditions and geopolitical developments, which could adversely affect our business, results of operations, financial condition, and cash flows.
- Risks Relating to the Business: The Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue.
- Risks Relating to the Business: The Equity Shares issued pursuant to the Issue may not be listed on the Stock Exchange(s) in a timely manner, or at all, and any trading closures at the Stock Exchange(s) may adversely affect the trading price of our Equity Shares.
- Risks Relating to the Business: Any further issuance of Equity Shares by our Company or sales of Equity Shares by any significant shareholders may adversely affect the trading price of the Equity Shares.
- Risks Relating to the Business: There is no existing market for our Equity Shares, and we do not know if one will develop. Our stock price may be highly volatile after the Issue and, as a result, you could lose a significant portion or all of your investment.
- Risks Relating to the Business: There are restrictions on daily movements in the price of the Equity Shares, which may adversely affect a shareholder's ability to sell, or the price at which it can sell, the Equity Shares at a particular point in time.
- Risks Relating to the Business: Investors may be subject to Indian taxes arising out of capital gains on the sale of the Equity Shares.
