Mumbai, May 26 -- The scrip was listed at Rs 75, a 19.05% premium to the initial public offer (IPO) price. The stock is currently down 7.93% over its listing price.

The counter hit a high of Rs 76.80 and a low of Rs 71.25. About 21.40 lakh shares of the company changed hands at the counter.

Teamtech Formwork Solutions' IPO was subscribed 4.71 times. The issue opened for bidding on 19 May 2026 and closed on 21 May 2026. The price band of the IPO was fixed between Rs 61 and Rs 63 per equity share.

The IPO comprised fresh issue of 79,60,000 equity shares. The company intends to utilize the net proceeds for funding of capital expenditure towards purchase of plant and machineries for new manufacturing unit, repayment/prepayment of all or ce...