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Tenneco Clean Air IPO is a bookbuilt issue of Rs 3,600.00 crore. This issue is entirely an offer for sale of 9.07 crore shares with no fresh issue.
The IPO opens for subscription on November 12, 2025, and closes on November 14, 2025. The allotment is expected to be finalized on Monday, November 17, 2025. The price band for the IPO is set at ₹378 to ₹397 per share, and the minimum lot size for an application is 37 shares.
Company Summary
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 in 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 has 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.
As of March 31, 2025, the company had 145 employees dedicated to the design, engineering, and R&D department.
Product Portfolio
- 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.
Company 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.
Company Financials
| 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 | 1,204.3 | 1,208.76 | 767.26 | 896.05 |
| Total Borrowing | 0.86 | |||
| Amount in ₹ Crore | ||||
Objectives of IPO
Tenneco Clean Air itself will not receive any proceeds from the IPO. Instead, the entire proceeds, net of offer-related expenses, will go to the selling shareholder.
Promoters of the company
The promoters of the company are Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty Ltd, and Tenneco LLC.
IPO Details
| IPO Date | November 12, 2025, to November 14, 2025 |
| Listing Date | November 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹378 to ₹397 per share |
| Lot size | 37 shares |
| Total Issue size | 9,06,80,101 shares (aggregating upto ₹3600.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 40,36,04,309 shares |
| Share Holding Post Issue | 40,36,04,309 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 37 | ₹14,689.00 |
| Retail (Max) | 13 | 481 | ₹1,90,957.00 |
| S-HNI (Min) | 14 | 518 | ₹2,05,646.00 |
| S-HNI (Max) | 68 | 2,516 | ₹9,98,852.00 |
| B-HNI (Min) | 69 | 2,553 | ₹10,13,541.00 |
Allotment Schedule
| Basis of Allotment | Mon, 17 Nov, 2025 |
| Initiation of Refunds | Tue, 18 Nov, 2025 |
| Credit of Shares to Demat | Tue, 18 Nov, 2025 |
| Tentative Listing Date | Wed, 19 Nov, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 14, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Source – SEBI, Chittorgarh
To check allotment, click here
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