The IPO drew exceptionally sturdy curiosity, closing with an general subscription of 61.79 occasions, making the allotment extremely aggressive. Retail traders bid 5.37 occasions their allotted quota, whereas QIB participation soared to 174.78 occasions.
The NII phase, too, was strong at 42.79 occasions. Within the gray market, the difficulty is buying and selling close to Rs 123, indicating a possible itemizing acquire of about 31% over the higher value band of Rs 397.
In keeping with brokers, sentiment is prone to stay upbeat because of the corporate’s dominant place in emission-control and ride-technology merchandise, its stable margin profile, and a stability sheet that’s virtually debt-free.
Tenneco Clear Air manufactures emission-control, powertrain and suspension methods for auto OEMs, supported by 12 crops throughout India. Its income for FY25 stood at Rs 4,931.45 crore, whereas web revenue rose to Rs 553.14 crore, reflecting sturdy double-digit margins and a excessive ROCE of 56.78%.
The IPO allotment can be out. For candidates, they will verify their standing by following the steps beneath.Right here’s easy methods to verify the allotment:Registrar’s web site (MUFG Intime India)
Go to – https://www.mufgintime.com/ipo/
Choose Tenneco Clear Air from the dropdown.
Enter your PAN or utility quantity and click on on Undergo view allotment standing.
On the BSE web site
Go to – https://www.bseindia.com/traders/appli_check.aspx
Select Fairness, choose Tenneco Clear Air and enter your utility particulars or PAN.
It is possible for you to to see if shares have been allotted to you.
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(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions.)
