Tenneco Clean Air India IPO Details
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Tenneco Clean Air India IPO opens for subscription on 12 Nov 2025 and closes on 14 Nov 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 19 Nov 2025.
Tenneco Clean Air India IPO price band has been fixed at ₹378 – ₹397 per share.The face value is ₹10 per share with a lot size of 37.
Tenneco Clean Air India IPO total issue size comprises 9,06,80,100 shares (aggregating up to ₹3600.00 Cr.). Offer for Sale consists of 9,06,80,100 shares (aggregating up to ₹3600.00 Cr.). Pre-issue shareholding stands at 40,36,04,309, which will increase to 40,36,04,309 post-issue.
Tenneco Clean Air India IPO carries a ₹104 (26.2%) GMP, reflecting investor sentiment.
Tenneco Clean Air India IPO Lot Size : Retain Minimum is 1 lot (37 shares) amounting to ₹14,689. Retain Maximum is 13 lots (481 shares) amounting to ₹190,957. SHNI Minimum is 14 lots (518 shares) amounting to ₹205,646. SHNI Maximum is 68 lots (2,516 shares) amounting to ₹998,852. BHNI Minimum is 69 lots (2,553 shares) amounting to ₹1,013,541.
The Lead Managers for Tenneco Clean Air India IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Citigroup Global Markets India Private Limited, Jm Financial Limited, HSBC Securities & Capital Markets Pvt Ltd, Axis Bank Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Tenneco Clean Air India Limited RHP.
Tenneco Clean Air India IPO Details
Tenneco Clean Air India IPO Subscription
Tenneco Clean Air India IPO Application Wise Breakup (Approx)
Tenneco Clean Air India IPO Dates
- 12 Nov 2025Opening dateOPD
- 14 Nov 2025Closing dateCOD
- 17 Nov 2025Allotment Date BOA
- 18 Nov 2025Initiation of RefundsIOR
- 18 Nov 2025Credit of SharesCOS
- 19 Nov 2025Listing dateLID
Tenneco Clean Air India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 37 | ₹14,689 |
| Retain Maximum | 13 | 481 | ₹190,957 |
| SHNI Minimum | 14 | 518 | ₹205,646 |
| SHNI Maximum | 68 | 2516 | ₹998,852 |
| BHNI Minimum | 69 | 2553 | ₹1,013,541 |
Tenneco Clean Air India IPO Reservation
Promoter Holding
Tenneco Clean Air India IPO Valuations
Tenneco Clean Air India Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,918.77 | 2,831.58 | 2,136.26 | 2,429.65 |
| Total Income | 1,316.43 | 4,931.45 | 5,537.39 | 4,886.96 |
| Profit After Tax | 168.09 | 553.14 | 416.79 | 381.04 |
| EBITDA | 228.88 | 815.24 | 612.09 | 570.63 |
| NET Worth | 1,250.38 | 1,255.09 | 1,116.59 | 1,378.82 |
| Reserves and Surplus | 1,204.30 | 1,208.76 | 767.26 | 896.05 |
| Total Borrowing | 0.86 | |||
| Amount in ₹ Crore | ||||
About Tenneco Clean Air India IPO
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain products for automotive applications. The company operates within the Clean Air division, focusing on emission control technologies for both light and commercial vehicles.
In India, Tenneco Clean Air provides advanced exhaust and after-treatment systems, helping vehicle manufacturers meet increasingly stringent emission norms such as Bharat Stage VI. Its product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.
The company has manufacturing facilities strategically located across India to support OEMs and Tier 1 customers. It emphasizes sustainability, innovation, and compliance with environmental regulations through advanced R&D and engineering capabilities.
As of March 31, 2025, the company have 12 manufacturing facilities, comprising seven Clean Air & Powertrain Solutions facilities and five Advanced Ride Technology facilities, across seven states and one union territory in India.
Products:
- The Clean Air & Powertrain Solutions division: Clean Air Solutions, Powertrain Solutions
- The Advanced Ride Technologies division designs, manufactures and sells shock absorbers, struts and advanced suspension systems.
As of March 31, 2025, the company had 145 employees dedicated to the design, engineering and R&D department.
Strength Of Tenneco Clean Air India IPO
- Market leading supplier of critical, highly engineered and technology intensive clean air, powertrain and suspension solutions to leading Indian and global OEMs.
- Strategically diversified portfolio of proprietary products and solutions well positioned to capture market and industry trends.
- Innovation-focused approach aided by our ability to leverage Tenneco Group's global R&D initiatives to cross-deploy global technologies for proprietary, modular and customized products at Indian price points.
- Flexible and automated manufacturing footprint of 12 strategically located plants well-supported by a localized supply chain.
- Strong financial performance supported by growth, profitability and efficient use of capital.
- Qualified and experienced board of directors and management team supported by skilled work force.
Risk Of Tenneco Clean Air India IPO
- The company depends on entities in the Tenneco Group for its operations, such as the license to use Tenneco Group's brands and patented designs, technical know-how, purchase of certain parts and materials, and R&D. Any adverse change in its relationship, including the termination of the company License Agreement, could have an adverse impact on its business, reputation, financial condition, and results of operations.
- The company derived a significant portion of its revenue from operations, i.e. 81.35%, 83.44%, 82.04%, 83.87% and 83.06% in the three months ended June 30, 2025 and June 30, 2024 and in Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively, from the passenger vehicle ("PV") and commercial vehicle ("CV") sectors in India. Any adverse changes in these sectors in India could adversely impact its business, results of operations and financial condition.
- The company is dependent on its top ten customers. Its top ten customers (based on Fiscal 2025) contributed 80.57%, 82.32%, 81.54%, 83.92% and 77.79% of our revenue from operations in the three months ended June 30, 2025 and 2024 and Fiscals 2025, 2024 and 2023, respectively. If one or more of these customers chooses not to source products from it, the company business, financial condition and results of operations may be adversely affected.
- Its may be unable to realize sales represented by the company awarded programs as the company does not have firm volume commitments in customer agreements, which could materially and adversely impact its financial condition and results of operations.
- Its business is heavily influenced by government policies and regulations regarding emission standards, which significantly impact its industry. Delays in the implementation of emission standards may affect the growth of the company business.
- Its operations and profitability are substantially dependent on the availability and cost of raw materials, including steel and components such as pressed parts, electrodes and bimetal strips. In the three months ended June 30, 2025 and 2024 and Fiscals 2025, 2024 and 2023, cost of materials consumed accounted for 64.42%, 66.69%, 65.05%, 70.15% and 70.37% of its revenue from operations, and any volatility in the prices of these materials may adversely impact the company business. results of operations and financial condition.
- The company is dependent on Motocare India Private Limited ("Motocare"), an indirect subsidiary of Tenneco LLC and one of its Group Companies for sales to the aftermarket. The compay also enter into other relatedparty transactions with entities in the Tenneco Group in the ordinary course and may continue to do so in the future. The company cannot assure you that its could not have achieved more favorable terms had such transactions not been entered into with related parties, which may adversely affect its business and results of operations.
- In the past there have been instances of non-compliances with certain provisions of the Companies Act and FEMA Regulations by the Company and certain Subsidiaries, which have been compounded or in relation to which the company has filed compounding applications. There can be no assurance that the company will not experience similar or other instances of non-compliance in the future.
- Its statutory auditors have identified certain emphasis of matters, matters pertaining to internal financial controls and Companies (Auditor's Report) Order, 2020 (CARO 2020) in their reports as of and for the three months period ended June 30, 2025 and 2024 and Fiscal 2025, 2024 and 2023.
- Its ability to pay dividends in the future will depends on its earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of the company financing arrangements.
Objectives Tenneco Clean Air India IPO
To be announced
Company Contact Details
Tenneco Clean Air India Ltd.
RNS2,
Nissan Supplier Park SIPCOT Industrial Park,
Oragadam Industrial Corridor Sriperumbudur Taluk,
Kancheepuram, Tamil Nadu, 602105
Phone: +91 124 4784 530
Email: TennecoIndiaInvestors@tenneco.com
Website: http://www.tennecoindia.com/
Registrar Contact Details
Read more about Tenneco Clean Air India Limited IPO
- Tenneco Clean Air India Limited IPO Detail
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- Checked Live Tenneco Clean Air India Limited IPO Allotment Status
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