Tenneco Clean Air India Limited – IPO
Tenneco Clean Air India Limited – IPO Details
| IPO Date | November 12, 2025 to November 14, 2025 |
| Listing Date | November 19, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 378 to ₹ 397 / Share |
| Lot Size | 37 Shares |
| Total Issue Size | 9,06,80,101 shares (Aggregating up to ₹3,600.00 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | |
| Listing At | BSE, NSE |
| Share holding pre issue | 40,36,04,309 shares |
| Share holding post issue | 40,36,04,309 shares |
| Market Maker portion |
Tenneco Clean Air India Limited Timeline (Tentative Schedule)
Tenneco Clean Air India Limited IPO opens on November 12, 2025, and closes on November 14, 2025.
| IPO Open Date | November 12, 2025 |
| IPO Close Date | November 14, 2025 |
| Basis of Allotment | November 17, 2025 |
| Initiation of Refunds | November 18, 2025 |
| Credit of Shares to Demat | November 18, 2025 |
| Listing Date | November 19, 2025 |
| Cut-off time for UPI mandate confirmation | November 14, 2025 |
Tenneco Clean Air India Limited IPO Lot Size
Investors can bid for a minimum of 37 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | Rs.14,689 |
| Retail (Max) | 13 | 481 | Rs.190,957 |
| S-HNI (Min) | 14 | 518 | Rs.205,646 |
| S-HNI (Max) | 68 | 2,516 | Rs.998,852 |
| B-HNI (Min) | 69 | 2,553 | Rs.1,013,541 |
| HNI (Min) |
Tenneco Clean Air India Limited IPO Promoter Holding
| Share Holding Pre Issue | 97.25% |
| Share Holding Post Issue | 74.79% |
Tenneco Clean Air India Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Tenneco Clean Air India Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Tenneco Clean Air India Limited
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.
Competitive Strengths:
- 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
Key Performance Indicator
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 42.65% |
| ROCE | 56.78% |
| Debt/Equity | |
| RoNW | 46.65% |
| P/BV | 12.77 |
| PAT Margin (%) | 11.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.71 | 16.66 |
| P/E (x) | 28.97 | 23.83 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025, that is available in RHP.
Objects of the Issue (Tenneco Clean Air India Limited IPO Objectives)
Tenneco Clean Air India Limited 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: [email protected] Website: http://www.tennecoindia.com/ |
Tenneco Clean Air India Limited IPO Registrar
MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/Initial_Offer/public-issues.html |