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( As on 14/05/2026 12:51)

Teamtech Formwork announces launch of initial public offering

Teamtech Formwork Solutions Ltd. has announced public offering of 7960000 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 58.00 per share. The gross proceeds of the issue are expected to be Rs 5,014.80 lakhs.

The company's initial public offer (IPO) will open on 19 May 2026 and is expected to close on 21 May 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 61.00-63.00 per share.

The IPO includes a fresh Issue of 7960000 Equity Shares of the Company at an price of Rs 63.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Teamtech Formwork Solutions Ltd. anticipates using the proceeds of the issue for .

Getfive Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.