Teamtech Formwork IPO
Construction Formwork - Listed on 26 May 2026
Teamtech Formwork IPO listing summary
Teamtech Formwork (Construction Formwork) closed its IPO window in 2026 and listed on NSE and BSE on 26 May 2026 at an upper band issue price of Rs 63, opening at Rs 75 for a listing gain of +19.1% and closing day one at Rs 72.75 (+15.5% on closing basis). The IPO was subscribed 7.09x overall - QIB 4.28x, HNI/NII 13.15x, Retail 6.10x. The total issue size was Rs 50.15 Cr (Fresh Issue Rs 50.15 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Teamtech Formwork IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 0 | 0.00% |
| Day 2 | Rs 0 | 0.00% |
| Day 3 | Rs 0 | 0.00% |
| Day 4 | Rs 0 | 0.00% |
| Day 5 | Rs 0 | 0.00% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Teamtech Formwork IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Teamtech Formwork IPO - FAQs
What was the listing gain of Teamtech Formwork IPO?
Teamtech Formwork IPO listed at +19.1% versus the upper issue price of Rs 63 on 26 May 2026.
How many times was Teamtech Formwork IPO subscribed?
Teamtech Formwork IPO was subscribed 7.09x overall. QIB portion was subscribed 4.28x, HNI / NII 13.15x and Retail 6.10x.
What was the IPO GMP for Teamtech Formwork?
IPO GMP started at Rs 0 on Day 1 and moved to Rs 0 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.