Tenneco Clean Air IPO
Open MainLineCurrent GMP
₹104 (+26.20%)
Price Band
₹ 378 – 397
Lot Size
37
Issue Size
₹3600 Cr
Minimum Investment
₹14689 (37 Shares)
Listing Date
19 November 2025
Subscription
58.83x
About the Company
Tenneco Clean Air India Limited – Company Overview
Incorporation Year: 2018
Parent Company: Tenneco Inc., USA
Overview:
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in the design and manufacture of clean air and powertrain products for automotive applications. The company operates as part of Tenneco’s Clean Air division, focusing on the development and production of advanced emission control technologies for both light and commercial vehicles.
Operations in India:
In India, Tenneco Clean Air delivers cutting-edge exhaust and after-treatment systems that enable vehicle manufacturers to meet increasingly stringent emission standards, including Bharat Stage VI (BS VI) norms. The company’s product portfolio includes:
- Catalytic converters
- Diesel particulate filters (DPFs)
- Mufflers
- Exhaust pipes
Tenneco Clean Air India strategically operates manufacturing facilities across the country to efficiently support original equipment manufacturers (OEMs) and Tier 1 customers. The company places strong emphasis on sustainability, innovation, and environmental compliance, backed by robust R&D and engineering capabilities.
Manufacturing Footprint (as of March 31, 2025):
As of March 31, 2025, the company operates 12 manufacturing facilities across seven states and one union territory in India, comprising:
- 7 Clean Air & Powertrain Solutions facilities
- 5 Advanced Ride Technology facilities
Divisions and Product Portfolio:
- Clean Air & Powertrain Solutions Division:
- Clean Air Solutions: Emission control and exhaust systems
- Powertrain Solutions: Engine and performance-related components
- Advanced Ride Technologies Division:
- Designs, manufactures, and sells shock absorbers, struts, and advanced suspension systems
Research & Development:
As of March 31, 2025, 145 employees were dedicated to the design, engineering, and research & development (R&D) functions, reflecting the company’s commitment to innovation, technology, and continuous improvement in sustainable mobility solutions.
Promoters
- Tenneco Mauritius Holdings Limited
- Tenneco (Mauritius) Limited
- Federal-Mogul Investments B.V.
- Federal-Mogul Pty Ltd
- Tenneco LLC
Promoters Holding
Holding Pre Issue
97.25%
Holding Post Issue
74.79%
Objects of the Issue
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 12 November 2025
IPO Close Date
Friday, 14 November 2025
Basis of Allotment
Monday, 17 November 2025
Initiation of Refunds
Tuesday, 18 November 2025
Credit of Shares to Demat
Tuesday, 18 November 2025
Listing Date
Wednesday, 19 November 2025 — NSE & BSE
Important Dates
Open Date
12 November 2025
Close Date
14 November 2025
Basis Of Allotment
17 November 2025
Listing Date
19 November 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2918.77 | 2831.58 | 2136.26 | 2429.65 |
| Revenue | 1316.43 | 4931.45 | 5537.39 | 4886.96 |
| Profit After Tax | 168.09 | 553.14 | 416.79 | 381.04 |
| Net Worth | 1250.38 | 1255.09 | 1116.59 | 1378.82 |
| Reserve & Surplus | 1204.3 | 1208.76 | 767.26 | 896.05 |
| Total Borrowings | 0 | 0 | 0 | 0.86 |
EPS Pre
13.71%
EPS Post
16.66%
P/E Pre
28.97
P/E (Post Issue)
23.83x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 42.65 | 38.05 | 32.88 |
| ROCE % | 56.78 | 45.4 | 33.51 |
| Debt / Equity | 0 | 0 | 0 |
| RoNW % | 46.65 | 33.4 | 28.75 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 11.31 | 7.62 | 7.89 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 18136020 | 28.57 | 0 |
| Non-Institutional | 13602015 | 21.43 | 0 |
| BNII | 9068010 | 14.29 | 0 |
| SNII | 4534005 | 7.14 | 0 |
| Retail Investors | 31738035 | 50 | 0 |
| Total | 63476070 | 100 | 0 |
Subscription Status ( Fri, 14 Nov 25 01:51 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 19047617 | 3169844427 | 166.42x |
| Non-Institutional | 14285715 | 582017659 | 40.74x |
| BNII | 9523810 | 447745658 | 47.01x |
| SNII | 4761905 | 134272001 | 28.2x |
| Retail Investors | 33333334 | 170275665 | 5.11x |
| Total | 66666666 | 3922137751 | 58.83x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Tenneco Clean Air India Ltd | 10 | 0.00 | 13.68 | 13.68 | 46.65 | 31.10 |
| Bosch Ltd | 10 | 57.39 | 683.25 | 683.25 | 15.58 | 4682.16 |
| Timken India Ltd | 10 | 49.22 | 59.48 | 59.48 | 17.00 | 378.21 |
| SKF India Ltd | 10 | 19.21 | 114.50 | 114.50 | 21.43 | 525.50 |
| Gabriel India Ltd | 1 | 75.92 | 17.05 | 17.05 | 22.42 | 82.38 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | 14,689.00 |
| Retail (Max) | 13 | 481 | 190,957.00 |
| S-HNI (Min) | 14 | 518 | 205,646.00 |
| S-HNI (Max) | 68 | 2,516 | 998,852.00 |
| B-HNI (Min) | 69 | 2,553 | 1,013,541.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Axis Bank Limited
- Citigroup Global Markets India Private Limited
- JM Financial Limited
- Hsbc Securities & Capital Markets Pvt Ltd
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Tenneco Clean Air IPO is a Book-building IPO worth ₹3600 crores. The price band is ₹378 to 397 per share. The IPO opens on Wed, Nov 12, 2025 and closes on Fri, Nov 14, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Tenneco Clean Air IPO opens on Wed, Nov 12, 2025 and closes on Fri, Nov 14, 2025
Tenneco Clean Air IPO Price Band is ₹378 to 397.
Tenneco Clean Air IPO lot size is 37, and the minimum amount required for application is ₹14689.
The minimum investment for Tenneco Clean Air IPO is approximately ₹14689 based on the upper price band.
To apply for the Tenneco Clean Air IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Nov 14, 2025. After submission, funds are blocked until the basis of allotment of Tenneco Clean Air IPO is finalised.
Tenneco Clean Air IPO issue size is ₹3600 crores.
Tenneco Clean Air IPO allotment date is Sat, Jun 27, 2026.
The registrar for Tenneco Clean Air IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Tenneco Clean Air IPO through their official website or helpline.
The Tenneco Clean Air IPO GMP (Grey Market Premium) is ₹104 as of Wed, Nov 19, 2025. Based on the upper price band of ₹397 per share, the estimated Tenneco Clean Air IPO listing price is ₹501, indicating a potential listing gain of approximately 31% over the issue price.