31 Mar 2023
Assets2,429.65
Total Income4,886.96
EBITDA570.63
Profit After Tax381.04
NET Worth1,378.82
Reserves and Surplus896.05
Total Borrowing0.86
At a glance
Updated 2026-09-10The shares listed at ₹505.00, a 27.20% move from the issue price. Tenneco Clean Air is a Mainboard IPO with an issue size of ₹3,600.00 crore, proposed for listing on BSE, NSE. The offer opens on 12th Nov 2025 and closes on 14th Nov 2025. The issue structure includes an offer-for-sale component of ₹3,600.00 crore. The current listing schedule points to 19th Nov 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹3,600.00 Cr
Offer for sale₹3,600.00 Cr
Face value₹10
Price band₹378.00–₹397.00
Allotment17th Nov 2025
Listing19th Nov 2025
Listing performance
Full performance ↗Issue price₹397.00
Listing price₹505.00
Current price—
Listing gain27.20%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹104.00
GMP / upper price26.20%
Est. listing₹501.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens12th Nov 2025
Closes14th Nov 2025
Allotment17th Nov 2025
Refund18th Nov 2025
Demat18th Nov 2025
Listing19th Nov 2025
Subscription demand
Full bidding ↗QIB174.78×
sHNI29.61×
bHNI49.38×
NII / HNI49.38×
Retail5.37×
Total61.79×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,689 |
| Retail (Max) | 13 | 481 | ₹190,957 |
| S-HNI (Min) | 14 | 518 | ₹205,646 |
| S-HNI (Max) | 68 | 2516 | ₹998,852 |
| B-HNI (Min) | 69 | 2553 | ₹1,013,541 |
Company
Incorporated2018
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue1,316.43₹ Cr · -73.3% vs prior year
EBITDA228.88₹ Cr · -71.9% vs prior year
PAT168.09₹ Cr · -69.6% vs prior year
Assets2,918.77₹ Cr · +3.1% vs prior year
Net Worth1,250.38₹ Cr · -0.4% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets2,136.26
Total Income5,537.39
EBITDA612.09
Profit After Tax416.79
NET Worth1,116.59
Reserves and Surplus767.26
31 Mar 2025
Assets2,831.58
Total Income4,931.45
EBITDA815.24
Profit After Tax553.14
NET Worth1,255.09
Reserves and Surplus1,208.76
30 Jun 2025
Assets2,918.77
Total Income1,316.43
EBITDA228.88
Profit After Tax168.09
NET Worth1,250.38
Reserves and Surplus1,204.30
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 42.65% |
| ROCE | 56.78% |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
| Price to Book Value | 12.77 |
Valuation & shareholding
Pre-IPO EPS13.71
Post-IPO EPS16.66
Pre-IPO P/E28.97
Post-IPO P/E23.83
Promoter holding pre97.25%
Promoter holding post74.79%
Market cap₹16023.09 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Tenneco Clean Air India IPO | — | 23.83 x | — | — |
| Lumino Industries IPO | — | 15.62 x | — | — |
| Hytech Engineers IPO | — | 22.27 x | — | — |
| Technocraft Ventures IPO | — | 19.38 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Commission/processing fee for SCSBs, Sponsor Bank(s) and Banker(s) to the Offer and brokerage, underwriting and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹6.43 Cr |
| Printing and distribution of Offer stationery | ₹1.82 Cr |
| Regulatory filing fees, book building software fees, listing fees etc | ₹14.48 Cr |
| Fee payable to Statutory Auditor, namely, Deloitte Haskins and Sells LLP | ₹6.91 Cr |
| Fees payable to other intermediaries (including Independent Chartered Engineers, Industry expert) | ₹29.99 Cr |
| Fee payable to legal counsels | ₹22.27 Cr |
| Miscellaneous | ₹14.54 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- JM Financial Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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