New Delhi, May 21 -- Teamtech Formwork Solutions IPO, which opened for subscription on 19 May, has been subscribed 3.71 times so far. The SME IPO will close for bidding later today, 21 May.

Teamtech Formwork Solutions follows a business-to-business (B2B) model, focusing on the manufacturing, refurbishment, and leasing of modular T-formwork and customised formwork solutions for the construction sector.

Based in Hyderabad, the company offers products such as modular T-formwork systems, customised panels, and support components designed for vertical concrete structures, including walls, bridges, tanks, foundations, and shafts. In addition, it provides customised design and engineering services, technical assistance, refurbishment services,...