Teamtech Formwork IPO Subscription Status Day-2: Live Bidding

Teamtech Formwork IPO subscription status opened on Tuesday, May 19, 2026 and will close on May 21, 2026. The company plans to raise around ₹50.15 crores through the IPO. The issue allocation is divided into 35% for retail investors, 50% for QIBs, and 15% for NIIs. The IPO price band has been fixed at ₹61 to ₹63 per equity share.

The minimum market lot for the Teamtech Formwork IPO is 4,000 shares with an application amount of ₹2,52,000. Teamtech Formwork IPO is an SME IPO and is proposed to be listed on the NSE SME platform.

Teamtech Formwork IPO Subscription Status – Day 2

Company Overview

TeamTech Formwork is a construction technology company specializing in advanced formwork solutions designed to improve efficiency, speed, and quality in modern construction projects. Established by a group of experienced professionals from the formwork industry, the company focuses on delivering innovative and sustainable formwork systems for the evolving needs of the construction sector. Headquartered in Hyderabad, Telangana, TeamTech operates with modern production facilities that support efficient manufacturing and timely delivery of formwork systems across India and international markets.

The company manufactures technologically advanced system formwork solutions that help reduce construction time, labor dependency, and operational costs while improving the quality of concrete structures. TeamTech’s solutions are designed to support modern concreting methods with enhanced load-bearing capacity, durability, smooth surface finishing, and repeated usability. Guided by its vision of achieving exceptional customer satisfaction, the company leverages advanced technology and skilled expertise to deliver reliable and sustainable formwork solutions. With over three decades of industry experience behind its leadership, TeamTech continues to focus on innovation and efficiency while contributing to the future growth of the construction industry.