Shree Ram Twistex IPO vs Tenneco Clean Air IPO

Comparison between Shree Ram Twistex IPO and Tenneco Clean Air IPO.

IPO Details

Shree Ram Twistex IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tenneco Clean Air IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Shree Ram Twistex IPO is up to ₹110.24 Cr whereas the issue size of the Tenneco Clean Air IPO is up to ₹3,600.00 Cr. The final issue price of Shree Ram Twistex IPO is ₹104.00 per share and of Tenneco Clean Air IPO is ₹397.00 per share.

 Shree Ram Twistex IPOTenneco Clean Air IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹378.00 per share
Issue Price (Upper)₹104.00 per share₹397.00 per share
Issue Price (Final)₹104.00 per share₹397.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size144 shares37 shares
Fresh Issue Size1,06,00,000 shares0 shares
Fresh Issue Size (Amount)up to ₹110.24 Crup to ₹0.00 Cr
OFS Issue Size0 shares9,06,80,100 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3,600.00 Cr
Issue Size Total1,06,00,000 shares9,06,80,100 shares
Issue Size Total (Amount)up to ₹110.24 Crup to ₹3,600.00 Cr

IPO Timetable

Shree Ram Twistex IPO opens on Feb 23, 2026, while Tenneco Clean Air IPO opens on Nov 12, 2025. The closing date of Shree Ram Twistex IPO and Tenneco Clean Air IPO is Feb 25, 2026, and Nov 14, 2025, respectively.

 Shree Ram Twistex IPOTenneco Clean Air IPO
Anchor Bid DateFeb 20, 2026Nov 11, 2025
Issue OpenFeb 23, 2026Nov 12, 2025
Issue CloseFeb 25, 2026Nov 14, 2025
Basis Of Allotment (Tentative)Feb 26, 2026Nov 17, 2025
Initiation of Refunds (Tentative)Feb 27, 2026Nov 18, 2025
Credit of Share (Tentative)Feb 27, 2026Nov 18, 2025
Listing date (Tentative)Mar 02, 2026Nov 19, 2025
Anchor Lockin End date 1Mar 28, 2026Dec 16, 2025
Anchor Lockin End date 2May 27, 2026Feb 14, 2026

Financials & KPIs

Shree Ram Twistex IPO P/E ratio is 38.21, as compared to Tenneco Clean Air IPO P/E ratio of 28.97.

 Shree Ram Twistex IPOTenneco Clean Air IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets217.44194.20154.30135.71
Total Income132.27256.32231.72213.58
Profit After Tax7.008.006.552.05
EBITDA17.0421.8520.1917.40
NET Worth80.7074.0366.8061.11
Reserves and Surplus51.3344.6637.4249.36
Total Borrowing60.7062.4867.0455.70
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Tenneco Clean Air India Ltd.'s revenue decreased by 11% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets2,918.772,831.582,136.262,429.65
Total Income1,316.434,931.455,537.394,886.96
Profit After Tax168.09553.14416.79381.04
EBITDA228.88815.24612.09570.63
NET Worth1,250.381,255.091,116.591,378.82
Reserves and Surplus1,204.301,208.76767.26896.05
Total Borrowing0.86
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)47.0797.25
Promoter Shareholding (Post-Issue)34.5974.79
P/E Ratio38.2128.97
Market Cap₹415.74 Cr.₹16023.09 Cr.
ROE42.65%
ROCE13.37%56.78%
Debt/Equity0.84
EPS₹2.72₹13.71
RoNW11.36%46.65%

Shares Offered

In the Shree Ram Twistex IPO Retail Individual Investors (RII) are offered 10,60,000 shares while in Tenneco Clean Air IPO retail investors are offered 10,60,000 shares. Qualified Institutional Buyers (QIB) are offered 79,50,000 shares in Shree Ram Twistex IPO and 1,81,36,020 shares in Tenneco Clean Air IPO.

 Shree Ram Twistex IPOTenneco Clean Air IPO
Anchor Investor Reservation0 shares2,72,04,030 shares
Market Maker Reservation0 shares0 shares
QIB79,50,000 shares1,81,36,020 shares
NII15,90,000 shares1,36,02,015 shares
RII10,60,000 shares3,17,38,035 shares
Employee0 shares0 shares
Others
Total1,06,00,000 shares9,06,80,100 shares

Bids Received (Subscription)

Shree Ram Twistex IPO subscribed 43.66x in total, whereas Tenneco Clean Air IPO subscribed 61.79x.

 Shree Ram Twistex IPOTenneco Clean Air IPO
QIB (times)3.94x174.78x
NII (times)220.30x42.79x
Big NII (times)240.94x49.38x
Small NII (times)179.00x29.61x
RII (times)76.63x5.37x
Employee (times)
Other (times)
Total (times)43.66x61.79x

Compare with others

Compare:

Shree Ram Twistex IPO Vs Tenneco Clean Air IPO