New Delhi, May 19 -- Teamtech Formwork Solutions IPO: The initial public offering (IPO) of Teamtech Formwork Solutions kicked off for bidding on Tuesday, 19 May, and will remain available till Thursday, 21 May. The offer received a decent response from investors on the first day of the bidding process, crossing the halfway mark.

Teamtech Formwork Solutions operates on a business-to-business (B2B) model, manufacturing, refurbishing, and renting modular T-formwork and customised formwork systems for the construction industry.

Headquartered in Hyderabad, the company's products include modular T-formwork systems, customised panels and supporting components used for vertical concrete structures such as walls, bridges, tanks, foundations and ...