Teamtech Formwork Solutions SME IPO, open for subscription on the NSE SME platform, has recorded 0.54x subscription on day one with the grey market premium holding at zero across all seven tracked sessions — pointing to a listing at the issue price of ₹63 per share with no grey market premium currently reflected.
Issue details
The IPO operates in the real estate related services segment, with formwork solutions being core to construction and infrastructure project execution. The total issue size is ₹50.15 crore with a price band of ₹61 to ₹63 per share and a minimum lot size of 2,000 shares. The IPO opened on May 19 and closes on May 21, with the tentative listing date set for May 26, 2026 on the NSE SME platform.
GMP trend and sentiment
The GMP has remained at zero for all seven sessions tracked since May 14, with no movement observed in either direction. The estimated listing price based on current GMP is ₹63 — identical to the cap price — implying 0% listing gain and zero estimated profit per lot. Investor sentiment based on the last three sessions of GMP data is classified as strongly bearish at 20%. Day one subscription of 0.54x suggests moderate early interest but well short of the oversubscription levels that typically drive listing excitement in the SME segment.
GMP data is unofficial and speculative in nature and does not constitute a recommendation to apply. This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.