Teamtech Formwork Solutions IPO Allotment Status: Check Latest GMP & Steps to Verify Status

The bidding window for Teamtech Formwork Solutions Ltd closed yesterday to the public. The IPO was open from May 19, 2026, to May 21, 2026. The allotment process is expected to be finalised today, on May 22, 2026, with the shares set to be listed on NSE. The tentative listing date is scheduled for May 26, 2026. 

Teamtech Formwork Solutions IPO was a book-building issue of ₹50.15, consisting entirely of a fresh issue of 0.80 crore shares. The price band was set between ₹61 and ₹63 per share, and the minimum lot size was 2000. The minimum amount of investment for an application was ₹2,44,000.

Getfive Advisors Private Limited was the book-running lead manager for the issue, and KFin Technologies Limited was the registrar.

Procedure to Check Teamtech Formwork Solutions IPO Allotment Status on NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details”.
• In Select Symbol, select “TEAMTECH”.
• Enter your PAN No. and application No. 
• Click “Submit”.

Procedure to Check Teamtech Formwork Solutions IPO Allotment Status on Kfin Technologies (Registrar to the issue)

• Visit the Kfin Technologies IPO allotment status page here. 
• Click on any of the links. 
• In Select IPO, select “Teamtech Formwork Solutions Ltd”.
• Enter any of the following details. 
• PAN
• App. No.
• Demat Account
• Enter the captcha and click “Submit”.

Explore other Upcoming IPOs on BSE and NSE.

Teamtech Formwork Solutions IPO Overall Subscription Status

[May 21, 2026, 07:00 P.M]

Teamtech Formwork Solutions Ltd GMP

As per media reports, the Grey Market Premium (GMP) for Teamtech Formwork Solutions Ltd is reported to be ₹2.

Teamtech Formwork Solutions Ltd Business Overview

Teamtech Formwork Solutions Limited is a Hyderabad-based construction solutions company incorporated in 2018. It is engaged in manufacturing, refurbishing, and renting modular formwork systems for the construction industry. The company primarily offers modular T-formwork, customised formwork systems, and related accessories for applications such as foundations, retaining walls, shafts, tanks, bridges, and circular concrete structures.

It follows an integrated B2B business model that combines manufacturing, leasing, and refurbishment services, enabling construction companies to reduce upfront capital expenditure while improving operational efficiency. The company operates an in-house manufacturing facility in Bollaram, Telangana, equipped with laser-cutting and plywood-processing machinery, and serves infrastructure and real estate projects across multiple Indian states.

Financially, Teamtech Formwork Solutions reported total income of ₹54.23 crore in FY2026, up from ₹32.98 crore in FY2025, reflecting revenue growth of nearly 64%. Profit after tax (PAT) increased to ₹11.59 crore in FY2026 from ₹7.84 crore in the previous year.

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