Teamtech Formwork Solutions Limited
Teamtech Formwork Solutions Limited is a Hyderabad-based SME that manufactures, refurbishes, and rents modular T-formwork and customised formwork systems for vertical concrete structures. The company is raising ₹50.15 crores through a fresh issue IPO on the NSE SME platform.
Overview
About the Company
Teamtech Formwork Solutions Limited was incorporated in November 2018 and operates under a business-to-business (B2B) model. The company is engaged in manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems primarily used for vertical concrete structures such as walls, shafts, tanks, bridges, foundations, and circular walls. Its product portfolio includes standard panels, customised panels, and supporting formwork accessories. The company runs a 20,000 sq. ft. in-house manufacturing and refurbishment facility in Bollaram, Telangana, equipped with laser and plywood cutting machinery as well as welding equipment. Its production process involves steel frame fabrication, plywood assembly, silicon sealing, and painting. The firm also employs specialised formwork planning software to help optimise panel requirements, project timelines, and quotations. As of March 31, 2026, the company employed 100 people across administration, engineering, operations, R&D, logistics, finance, sales, and management. The promoters collectively bring over 60 years of combined industry experience.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure for the purchase of plant and machinery intended for a new manufacturing unit, estimated at approximately ₹11.81–11.92 crores.
- › Repayment or prepayment of all or a portion of the company's existing borrowings, amounting to approximately ₹15.50 crores.
- › Meeting the company's working capital requirements, estimated at approximately ₹13.08–13.77 crores.
- › General corporate purposes as may be determined by the company.
✅ Strengths
- ✓ The company is led by an experienced management team whose promoters collectively bring over 60 years of combined industry knowledge.
- ✓ It follows an integrated business model covering manufacturing, refurbishment, and rental of formwork systems, which supports diversified revenue streams.
- ✓ The company possesses strong engineering and technical capabilities, enabling it to offer customised design and technical support to clients.
- ✓ It has established manufacturing and refurbishment infrastructure including a 20,000 sq. ft. facility in Bollaram, Telangana equipped with modern machinery.
- ✓ System-driven and quality-focused operations are maintained, including the use of dedicated formwork planning software for project estimation and design.
- ✓ The company has developed a pan-India as well as international market presence.
- ✓ It maintains long-term customer relationships, which provides revenue stability and repeat business opportunities.