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The Economic Times

Business

Akash Podishetti

Teamtech Formwork Solutions IPO: Check GMP, subscription, price band and other details

The IPO of Teamtech Formwork Solutions will open for subscription on Tuesday, with grey market signals indicating a muted listing outlook ahead of the issue launch. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, indicating no premium over the upper end of the issue price band in the unofficial market.

The NSE SME issue aims to raise around Rs 50.15 crore through a completely fresh issue of 79.6 lakh shares. The IPO will open on May 19 and close on May 21, while the tentative listing date has been fixed as May 26 on the NSE SME platform.

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