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Teamtech Formwork Solutions IPO

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GMP is an informal figure from outside SEBI's framework. Not investment advice.

About this issue

Teamtech Formwork Solutions listed at +19.0% against its issue price of ₹63. The book is 7.01 times subscribed overall. The grey market premium is +₹5 (+7.9%), which is an informal figure and not a quoted price. Our call is Risky, on 75% of our checks.

Segment: SME
Price: ₹63
Lot size: 2,000 shares
One lot costs: ₹1,26,000
Issue size: ₹48 Cr
Grey market premium: +₹5 (+7.9%)
Subscribed: 7.01x
Listed at: +19.0%
Our call: Risky

What we checked

Profitable in the latest yearPAT ₹11.59 Cr
Profit grew year on yearPAT +48%
Revenue grew year on yearRevenue +64%
Borrowing under half of net worthDebt/net worth 0.50
Return on net worth above 15%RoNW 34.9%
Post-issue P/E under 40P/E 16.3
Price to book under 6P/B 4.2
Majority is fresh capital100% fresh issue
Promoters keep at least half59.7% held post-issue
Anchor investors participatedAnchor book placed
Overall book more than 10× covered7.0× overall

4 further checks could not be judged, because the issue did not disclose enough. They count neither for nor against.

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