Tenneco Clean Air India IPO

Tenneco Clean Air India IPO is listed on BSE and NSE, priced at ₹378–₹397 per share. The stock debuted at ₹505, delivering a listing gain of 27.2%. The IPO had a lot size of ₹37 shares and a minimum investment of ₹14,689.

Tenneco Clean Air India Limited IPO

Mainboard Listed
₹14,689 (37 Shares)
Minimum Investment
Check Allotment
IPO Dates
Nov 12, 2025 – Nov 14, 2025
Price band
₹378-397 per equity share
Minimum Investment
₹14,689
Issue size
₹3600 Cr
Lot size
37
Allotment Date
Nov 17, 2025
Listing
Nov 19, 2025
Listing At
BSE, NSE

IPO timeline

  1. Nov 12, 2025

    Open Date

    Completed

  2. Nov 14, 2025

    Close Date

    Completed

  3. Nov 17, 2025

    Allotment Date

    Completed

  4. Nov 19, 2025

    Listing Date

    Completed

Price Summary

Last closing
605.00 (52.39%)
52 week high
657.00
52 week low
438.05
Last update

Tenneco Clean Air India IPO Subscription Details

View Subscription Details
QIB 174.78x
Retail 5.37x
NIIs 42.79x
bHNI 49.38x
sHNI 29.61x
Retail 5.37x
Total 61.79x

Tenneco Clean Air India IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

Tenneco Clean Air India IPO Essentials

Tenneco Clean Air India IPO Details

Tenneco Clean Air India IPO is priced at ₹378-397 per share with a total issue size of 3600 crore. The IPO has a lot size of 37 shares and is listed on BSE and NSE.

Issue price
₹378-397 per equity share
Lot size
37 shares
Face value
₹10 Per Equity Share
Issue size
Offer For Sale : 9,06,80,101 shares(aggregating up to ₹3600.00 Cr)
Total issue size
9,06,80,101 shares
(aggregating up to ₹3600 crore)
Offer for sale (OFS)
9,06,80,101 shares
(aggregating up to ₹3600 crore)
Listing at
BSE, NSE
List price
505.0(NSE)
Listing date
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager
JM Financial Ltd, Citigroup Global Markets India Pvt.Ltd, Axis Bank Ltd, HSBC Securities & Capital Markets (India) Pvt.Ltd

Market 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 Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 37 ₹14,689
Retail(max) 13 481 ₹1,90,957
sHNI(min) 14 518 ₹2,05,646
sHNI(max) 68 2,516 ₹9,98,852
sHNI(min) 69 2,553 ₹10,13,541

Tenneco Clean Air India IPO Documents

Tenneco Clean Air India IPO Reservation

Tenneco Clean Air India IPO reservation details show category-wise allocation of shares. Out of the total 90680100 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 27204030 (30%)
QIB Shares Offered 18136020 (20%)
NII (HNI) Shares Offered 13602015 (15%)
bHNI > ₹10L 9068010 (10%) 17506
sHNI < ₹10L 4534005 (5%) 8753
Retail Shares Offered 31738035 (35%) 857785
Total Shares Offered 90680100 (100%)

Tenneco Clean Air India IPO Analytics

Tenneco Clean Air India IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Tenneco Clean Air India IPO Subscription Status

Tenneco Clean Air India IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO is currently subscribed 61.79x, indicating strong demand across investor categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 1,81,36,020
1,36,02,015
90,68,010
45,34,005
3,17,38,035 6,34,76,070
Day 1 12-11-25 05:00 PM
0.01 x
1.17x
1.09x
1.33x
0.38 x 0.44 x
Day 2 13-11-25 05:00 PM
2.46 x
7.55x
7.75x
7.14x
1.52 x 3.08 x
Day 3 14-11-25 05:00 PM
174.78 x
42.79x
49.38x
29.61x
5.36 x 61.79 x
Total No. of Applications
bHNI sHNI Retail
4084540 (Approx) 9.75x 28.19x 4.27x

Tenneco Clean Air India Valuations

Earnings

EPS Pre IPO
₹13.71/-
EPS Post IPO
₹16.66/-
P/E Pre IPO
28.97
P/E Post IPO
23.83

Returns

ROE
42.65%
ROCE
56.78%
RoNW
46.65%
PAT Margin
11.31%

Fundamentals

Price / Book
12.77
Market Cap
16023.09 Cr.

Data sourced from DRHP / RHP • For educational purposes only

Tenneco Clean Air India Financials( In Crs.)

30-Jun-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 2,918.77 2,831.58 2,136.26 2,429.65
Revenue 1,316.43 4,931.45 5,537.39 4,886.96
Profit After Tax 168.09 553.14 416.79 381.04
Net Worth 1,250.38 1,255.09 1,116.59 1,378.82
Reserves & Surplus 1,204.30 1,208.76 767.26 896.05

Tenneco Clean Air India Company & Offer Insights

About Tenneco Clean Air India

Established in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., which is a world leader in the design and manufacture of clean air and powertrain products for automotive. The company operates under the Clean Air division with a focus on emission control technologies for light and commercial vehicles.

Tenneco Clean Air in India offers sophisticated exhaust and after-treatment systems to enable vehicle makers to comply with tighter emission regulations like Bharat Stage VI. Its product offerings comprise catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.
It has strategically located manufacturing plants in India to serve OEMs and Tier 1 customers. It focuses on sustainability, innovation, and environmental regulatory compliance through cutting-edge R&D and engineering expertise.

As of March 31, 2025, the company have 12 plants, consisting of seven Clean Air & Powertrain Solutions plants and five Advanced Ride Technology plants, spread over seven states and a union territory in India.

Products:
The Clean Air & Powertrain Solutions business unit: Clean Air Solutions, Powertrain Solutions
The Advanced Ride Technologies business unit develops, manufactures and markets shock absorbers, struts and advanced suspension systems.

At March 31, 2025, the company employed 145 people in the design, engineering and R&D department.

Tenneco Clean Air India Promoter(s)

Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty Ltd, Tenneco LLC are the company's promoters of Tenneco Clean Air India.

Tenneco Clean Air India IPO Issue Objectives

Tenneco Clean Air India IPO - Anchor Investors

Tenneco Clean Air raises Rs 1,080 crore via anchor book ahead of Rs 3,600-crore IPO.

Tenneco Clean Air on Tuesday has finalized the allocation of 2.72 crore equity shares to anchor investors at the upper price band. Of which, 1.47 crore equity shares (54.15 percent of total anchor portion) were allotted to 17 domestic mutual funds including SBI Mutual Fund, ICICI Prudential MF, HDFC AMC, Kotak Mahindra AMC, Axis MF, Tata MF, Motilal Oswal AMC, Invesco, Quant Mutual Fund, Edelweiss and Sundaram Mutual Fund.

Other domestic institutional investors that became its shareholders were SBI Life Insurance, ICICI Prudential Life Insurance, HDFC Life Insurance, and Axis Max Life Insurance.

Further, the global investors who participated in the anchor book include Nomura Funds, Fidelity, BlackRock, Government Pension Fund Global, Abu Dhabi Investment Authority, and Goldman Sachs.

Tenneco Clean Air India IPO - Peers Comparison

P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Tenneco Clean N/A 29.0 46.6% 4890
Bosch N/A 57.3 15.5% 18087
Timken India N/A 49.2 17.0% 3147
SKF India N/A 19.2 21.4% 4919
ZF Commercial N/A 53.6 15.3% 3830
Sharda Motor N/A 9.6 30.4% 2836
Gabriel India N/A 75.9 22.4% 4063
Uno Minda N/A 75.1 18.3% 16774
Sona BLW N/A 14.7 14.7% 3546

Tenneco Clean Air India IPO - Strengths and Risks

Tenneco Clean Air India IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

Market-Leading Supplier: Tenneco Clean Air India is one of the leading suppliers of premium and highly engineered clean air, powertrain, and suspension solutions for leading Indian and global OEMs. It has held strong market shares across multiple automotive sub-segments. (FY2024)
Diversified Product Portfolio: The company provides a wide variety of proprietary and customized products-including catalytic converters, mufflers, exhaust pipes, engine bearings, sealing systems, spark plugs, and advanced suspension systems-aligned with emerging industry trends.
Strong Manufacturing Footprint: A total of 12 strategically located plants in India, supported by localized supply chains, enable the company to produce efficiently, bring down logistics costs, and ensure timely delivery to key automotive hubs across the country.

Risks

The contract award programs do not contain fixed volume commitments from customers, which could result in a reduction in sales well below that anticipated and adversely impact financial performance.
Dependence on Emission Regulations: The business is heavily dependent upon government policies on emissions; delay or changed strategies on the implementation of stricter emission standards would lower demand for clean air and powertrain products.
Reliance upon the Tenneco Group: The company relies on the Tenneco Group for brand licenses, patented designs, technical know-how, and key materials. Any adverse change or termination of this relationship could affect operations and profitability.

Contact Information

Contact Details

Tenneco Clean Air India

+91 124 4784 530

TennecoIndiaInvestors@tenneco.com

http://www.tennecoindia.com/

RNS2, Nissan Supplier Park SIPCOT Industrial Park, Oragadam Industrial Corridor Sriperumbudur Taluk, Kancheepuram, Tamil Nadu, 602105

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

tennecocleanair.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Frequently Asked Questions

Click any question to reveal the answer

Tenneco Clean Air India IPO is a book-built IPO worth ₹3600 crore. The price band is ₹378–₹397 per share. The IPO opens on Nov 12, 2025 and closes on Nov 14, 2025. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.

The price band of Tenneco Clean Air India IPO is ₹378 to ₹397 per share.

The lot size of Tenneco Clean Air India IPO is 37 shares.

The minimum investment for Tenneco Clean Air India IPO is approximately ₹14,689 based on the upper price band .

Tenneco Clean Air India IPO opens on Nov 12, 2025 and closes on Nov 14, 2025.

The allotment date of Tenneco Clean Air India IPO is Nov 17, 2025.

Tenneco Clean Air India IPO is expected to be listed on Nov 19, 2025, on BSE and NSE .

Tenneco Clean Air India IPO listed on Nov 19, 2025. It was issued at ₹505.0(NSE) and is currently around ₹605.00 as on 14-May-2026 3:30 PM, which is approximately 52.4% versus issue price. The 52-week high is ₹657.00.

Based on listing and post-listing performance, Tenneco Clean Air India IPO delivered around 52.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Tenneco Clean Air India IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Tenneco Clean Air India IPO valuation snapshot: P/E 23.83, EPS ₹16.66/-, P/B 12.77, RoNW 46.65%, and market cap 16023.09 Cr.

To apply for Tenneco Clean Air India IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Tenneco Clean Air India IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Tenneco Clean Air India IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Tenneco Clean Air India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tenneco Clean Air India IPO allotment status on IPO Ji for quick and easy access.