UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Nov 12 - Nov 14, 2025 |
Offer Price | ₹ 378-397 |
Lot Size | 37 |
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Tenneco Clean Air India Limited IPO
Mainboard Live Offer Date: Nov 12, 2025 - Nov 14, 2025
₹ 14689 /37 Shares
Apply12 Nov, 2025
Open Date14 Nov, 2025
Close Date17 Nov, 2025
Allotment Date19 Nov, 2025
Listing Date📊 Enhanced IPO Subscription Insights Click “Live Subscription” below to access detailed, real-time subscription data — including category and application-wise breakdowns.
Expected Premium
+ ₹75-76 (18.89%)
*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
Tenneco Clean Air India IPO Live Subscription Details
View Subscription DetailsQIB 2.46x
Retail 1.53x
NIIs 7.56x
BHNI 7.75x
SHNI 7.19x
Retail 1.53x
Total 3.09x
Last updated: 13 Nov 2025, 06:54 PM
Tenneco Clean Air India IPO Issue Details
- Issue Price ₹378-397 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 9,06,80,101 shares(aggregating up to ₹3600 crore)
- Offer For Sale 9,06,80,101 shares(aggregating up to ₹3600 crore)
- Listing at BSE, NSE
- Lead Manager JM Financial Ltd
Citigroup Global Markets India Pvt.Ltd
Axis Bank Ltd
HSBC Securities & Capital Markets (India) Pvt.Ltd - Registrar MUFG Intime 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 |
| BHNI(min) | 69 | 2,553 | ₹10,13,541 |
Tenneco Clean Air India IPO Reservation
Tenneco Clean Air India IPO offers total 90680100 shares. Out of which 18136020 (20%) allocated to QIB, 13602015 (15%) allocated to NII,31738035 (35%) allocated to RII, NA (NA%) allocated to employees and 27204030 (30%) allocated to 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%) | |
| bNII < ₹10L | 9068010 (10%) | |
| sNII < ₹10L | 4534005 (5%) | |
| Retail Shares Offered | 31738035 (35%) | |
| Total Shares Offered | 90680100 (100%) |
Tenneco Clean Air India IPO Details
Tenneco Clean Air India IPO is a book-built issue of ₹3600 crores, The total issue size is ₹3600 crores. The IPO of Tenneco Clean Air India is priced at ₹378-397 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 12, 2025 and ends on Nov 14, 2025. The allotment for Tenneco Clean Air India IPO will be finalized on Nov 17, 2025. Tenneco Clean Air India IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 19, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Retail investors can bid for a minimum of 37 shares, extendable to 14,689. S-HNIs will be able to bid for 518 shares at ₹2,05,646, while B-HNIs can also apply for a bid of 2,553 shares at ₹10,13,541. The book-running lead manager for the IPO is/are JM Financial Ltd, Citigroup Global Markets India Pvt.Ltd, Axis Bank Ltd, HSBC Securities & Capital Markets (India) Pvt.Ltd.
The total issue ₹3600 crore and having Offer for Sale (OFS) of 9,06,80,101 shares to mop up ₹3600 crore.
The Tenneco Clean Air India IPO sets its price band at 378-397 for each share. A single application for Tenneco Clean Air India Limited IPO must contain at least 37 shares. Sentiment investors need to invest a minimum of 37 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,689 In order to participate in the sNII, investors must purchase at least 14 lots of 518 shares for ₹2,05,646, while the bNII requires 69 lots of 2,553 shares for an investment of ₹10,13,541.
Tenneco Clean Air India IPO Subscription Analysis And Details
Retail
1.52x
QIB
2.46x
NII
7.55x
bNII
7.75x
sNII
7.14x
Total
3.08x
| As on | QIB | NII bNII sNII | 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 | 1.17 1.09 x 1.33 x | 0.38 x | 0.44 x |
Day 2 13-11-25 05:00 PM | 2.46 x | 7.55 7.75 x 7.14 x | 1.52 x | 3.08 x |
Total No of Applications
11,34,612
Tenneco Clean Air India Valuations
EPS Pre IPO ₹13.71/-
EPS Post IPO ₹16.66/-
P/E Pre IPO 28.97
P/E Post IPO 23.83
ROE 42.65%
ROCE 56.78%
RoNW 46.65%
PAT Margin 11.31%
Price to Book Value 12.77
Market Cap. 16023.09 Cr.
Tenneco Clean Air India Company Financials
In Crs.
In Cr.
| 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 |
About Tenneco Clean Air India Company
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
Pre Issue Share Holding : 97.25%
Post Issue Share Holding : 74.79%
Tenneco Clean Air India IPO - Issue Objectives
1
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 |
Strength
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.
Weakness
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 Details
Tenneco Clean Air India
RNS2, Nissan Supplier Park SIPCOT Industrial Park, Oragadam Industrial Corridor Sriperumbudur Taluk, Kancheepuram, Tamil Nadu, 602105
+91 124 4784 530
Registrar Contact Details
Tenneco Clean Air India IPO - FAQs
Ans. Tenneco Clean Air India Limited IPO is a Mainboard IPO. The issue is priced at ₹378-397 per equity share. The minimum order quantity is 37 Shares. The IPO opens on Nov 12, 2025, and closes on Nov 14, 2025. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Tenneco Clean Air India Limited IPO opens on Nov 12, 2025 and closes on Nov 14, 2025.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Tenneco Clean Air India Limited IPO is Offer For Sale : 9,06,80,101 shares(aggregating up to ₹3600.00 Cr).
Ans. The Tenneco Clean Air India Limited IPO price band is set between ₹378-397 per equity share.
Ans. To apply for Tenneco Clean Air India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Tenneco Clean Air India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Tenneco Clean Air India Limited IPO is Nov 17, 2025.
Ans. The Tenneco Clean Air India Limited IPO will be listed on Nov 19, 2025.
Ans. Follow the steps to check the Tenneco Clean Air India Limited IPO allotment status online.
