Teamtech Formwork Solutions SME IPO Subscription Status
Subscription Progress (Day 3)
Day-wise Subscription Details
| Day | QIB | NII | Small NII | Big NII | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 | 0.66x | 0.79x | 0.25x | 1.07x | 0.35x | 0.53x |
| Day 2 | 0.66x | 0.59x | 0.56x | 0.60x | 0.72x | 0.67x |
| Day 3 | 4.28x | 12.79x | 8.24x | 15.07x | 6.10x | 7.01x |
IPO Shares Offered & Bidding Summary
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 15,12,000 | 64,78,000 | 40.81 |
| NII (Total) | 11,34,000 | 1,45,08,000 | 91.4 |
| Small NII (≤₹10L) | 3,78,000 | 31,16,000 | 19.63 |
| Big NII (>₹10L) | 7,56,000 | 1,13,92,000 | 71.77 |
| Retail (RII) | 26,48,000 | 1,61,40,000 | 101.68 |
| Shareholder | 0 | ||
| Employee | 0 | ||
| Total | 5,294,000 | 37,126,000 | 233.89 |
How to Apply for this IPO? Read here.
Teamtech Formwork Solutions provides modular T-formwork and customised formwork systems to various clients across the construction industry. The company started its operations in 2018 and is based in Hyderabad. This IPO helps the company raise funds for capital expenditure and working capital (object of issues). The company will use the fresh issue money for its new manufacturing unit and working capital needs (use of fresh issue money). It also wants to repay some existing debt (repay debt). Investors can now track the demand for these shares through the subscription status and the interest of different buyer categories.
Anchor Investor Allocation
Anchor investors are big institutions that buy shares before the public. The Book Running Lead Manager finalised the allocation of 22,66,000 Equity Shares to Anchor Investors at Rs. 63 per share.
| Anchor Investor Details | |
|---|---|
| Bid Date | May 18, 2026 |
| Shares Offered | 22,66,000 (28.47%) |
| Anchor Portion (₹ Cr.) | 14.28 Cr. (at upper price band) |
| Anchor lock-in period end date for 50% shares (30 Days) | 11,33,000 |
| Anchor lock-in period end date for remaining shares (90 Days) | 11,33,000 |
| Sr. | Anchor | Group Entity | Shares Allotted | Amt (₹ cr.) | % Allocated |
|---|---|---|---|---|---|
| 1 | FINAVENUE CAPITAL TRUST-FINAVENUE GROWTH FUND | FINAVENUE | 3,16,000 | 1.99 | 3.97 |
| 2 | Finavenue Capital Trust – Finavenue Strategic Fund | FINAVENUE | 2,00,000 | 1.26 | 2.51 |
| 3 | INVICTA CONTINUUM FUND I | INVICTA | 3,16,000 | 1.99 | 3.97 |
| 4 | RIGEL GLOBAL FUND | RIGEL | 1,60,000 | 1.01 | 2.01 |
| 5 | DARWIN EVOLUTION GROWTH FUND | DARWIN | 1,60,000 | 1.01 | 2.01 |
| 6 | RESONANCE OPPORTUNITIES FUND | RESONANCE OPPORTUNITIES | 2,00,000 | 1.26 | 2.51 |
| 7 | NAVBHARAT INVESTMENT TRUST-NAVBHARAT INVESTMENT OPPORTUNITIES FUND | NAVBHARAT | 5,16,000 | 3.25 | 6.48 |
| 8 | Invicto Incrementum Fund | – | 1,60,000 | 1.01 | 2.01 |
| 9 | GETFIVE OPPORTUNITY FUND I | GETFIVE | 2,38,000 | 1.5 | 2.99 |
| 22,66,000 | 14.28 | 28.47 |
Disclaimer: This information is for educational purposes only. Always seek advice from a qualified financial professional before making investment choices.
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