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Issue Open Date
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19-May-26
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Issue Closing Date
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21-May-26
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Application Money
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100
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Allotment Money
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Price Band
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61
-
63
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Minimium Application No.
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4000
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Issue Size (Shares)
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5694000
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Market Lot
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1
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Objective
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1.Funding of Capital Expenditure towards purchase of Plant and Machineries for Expansion of new manufacturing unit. 2.Repayment/prepayment of all or certain of our borrowing availed by our company. 3.To meet the Company’s fresh working capital requirements in line with its projected business growth and operational needs.4.General Corporate Purpose
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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900000
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Qualified Institutional Buyers
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992000
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Retail Individual Investors
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924000
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Business Description
Our Company operates on business-to-business (“B2B”) model and is engaged in the manufacturing, refurbishing and renting of modular T formwork and customised formwork system used in the construction industry. Formwork systems serve as temporary moulds that support and shape concrete which is poured into it until it attains the desired structural form (It provides support until the concrete gains enough strength to sustain its own weight and any imposed loads), making them an essential component of modern construction activities. We provide modular T formwork systems, including customised design, and technical support for projects. In addition to manufacturing new formwork systems, we also undertake refurbishment and reconditioning of used formwork, activities enabling customers to extend product life. The Company also offers a rental model, allowing customers to access formwork solutions without capital expenditure. Presently, the Company manufactures vertical modular T formwork systems which are only suitable for a wide range of vertical concrete structures. These systems are used for foundations, walls, shafts, tanks, bridges, circular walls and various other structural elements. With a balanced and versatile range of panels, our formwork can be easily adapted to diverse project layouts, configurations and cross-sections, supporting faster and more efficient construction execution
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Promoter's Holding
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Total Share Capital
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17888000
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Offered to Public
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5694000
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Promoter's Holding (Pre-Issue)
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81.25
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Promoter's Holding (Post-Issue)
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Address |
3rd Floor
Plot No. 1050/1
Sree Sai Enclave
Survey No.
163/part
Durgamatha House Building Co-ope
Housing Society Limited
Hydernagar
Balanagar Mandal
Kukatpally Municipal Circle
Ranga Reddy Medchal
Miyapur
Tirumalagiri
Hyderabad,
Telangana,
500049
Phone : 7801046161
Email : complianceofficer@teamtechengg.com
Website : https://teamtechengg.com/
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Registrar |
KFIN Technologies Ltd.
301
The Centrium
3rd Floor
57
Lal Bahadur Shastri Road
Nav Pada
Kurla (West)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Getfive Advisors Pvt Ltd. (Formally known as Aavanya Advisors Pvt Ltd.)
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Promoters |
Chaitanya Prakash Kotagiri
Eldo Varghese
Salinraj Kunnummal
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