Tenneco Clean Air IPO Details
The key details of Tenneco Clean Air India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹3,600.00 Cr |
| Price Range | ₹378 - ₹397 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 37 |
| Investment (cut-off price) | ₹14,689 |
| Pre IPO Promotor Holding | 97.25% |
| Post IPO Promotor Holding | 74.79% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Tenneco Clean Air IPO Timelines
The IPO process for Tenneco Clean Air India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
12/11/2025
Start Date14/11/2025
End Date18/11/2025
Refund Initiation18/11/2025
Credit of Shares to Demat Ac19/11/2025
Listing DateTenneco Clean Air IPO Lot Size
The Tenneco Clean Air India IPO has a fixed lot size of 37 shares, at an upper price band of ₹397 per share. For retail investors, the minimum application is 37 shares (1 lot) amounting to ₹14,689, while the maximum is 481 shares (13 lots) worth ₹1,90,957. For Small HNI (S-HNI) investors, the minimum application is 518 shares (14 lots) worth ₹2,05,646, while the maximum is 2,516 shares (68 lots) amounting to ₹9,98,852. Big HNI (B-HNI) investors need to apply for at least 2,553 shares (69 lots), totaling ₹10,13,541.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 37 | ₹14,689 |
| Retail Maximum | 13 | 481 | ₹1,90,957 |
| S-HNI Minimum | 14 | 518 | ₹2,05,646 |
| S-HNI Maximum | 68 | 2516 | ₹9,98,852 |
| B-HNI Minimum | 69 | 2553 | ₹10,13,541 |
Tenneco Clean Air IPO Subscription Status
The subscription status for Tenneco Clean Air India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 174.78x | 42.79x | 5.37x | -- | 61.79x |
IPO Performance on Listing Day
On its listing day (November 19, 2025), Tenneco Clean Air India IPO delivered a strong debut on the exchanges. The stock opened at ₹505, reflecting a 27.21% premium over the issue price of ₹397. It surged further to an intraday high of ₹517, before facing selling pressure and slipping to a low of ₹480.10. The stock eventually closed at ₹490.80. Despite the volatility, it ended the day with a 23.53% gain over the issue price, indicating solid investor confidence in the company’s clean air and emission-control solutions.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹505.00 | ₹490.80 | ₹517.00 | ₹480.10 |
Tenneco Clean Air IPO Company Financials
Tenneco Clean Air India reports robust performance in FY2025 with Total Income of ₹4,931.45 crores, managing expenses at ₹4198.63 crores, and achieving a strong PAT (Profit After Tax) of ₹553.14 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹4,886.96 | ₹4379.21 | ₹381.04 |
| FY 2024 | ₹5,537.39 | ₹4984.28 | ₹416.79 |
| FY 2025 | ₹4,931.45 | ₹4198.63 | ₹553.14 |
| FY 2026 (3 M) | ₹1,316.43 | ₹1,089.21 | ₹168.09 |
About Company
Tenneco Clean Air India Limited, incorporated in 2018, is a subsidiary of Tenneco Inc., a global leader in clean air and powertrain technologies for the automotive industry. Operating under the Clean Air division, the company develops and manufactures emission control systems such as catalytic converters, diesel particulate filters, mufflers, and exhaust pipes, helping Indian vehicle manufacturers meet Bharat Stage VI and other stringent emission standards.
As of March 31, 2025, Tenneco Clean Air India Limited operates twelve manufacturing facilities across seven states and one union territory, covering both Clean Air and Powertrain Solutions and Advanced Ride Technologies divisions. The company focuses on sustainability, innovation, and regulatory compliance, supported by one hundred forty five employees in design, engineering, and research and development functions.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2018 | Engineering | Rishi Verma |
Know Before Investing
Tenneco Clean Air IPO Strengths
- Tenneco Clean Air is a leading supplier of advanced emission control, powertrain, and suspension products across passenger, commercial, and off-highway vehicle segments.
- The company has long-standing contracts with major Indian and global automotive OEMs ensuring steady revenue streams and business stability.
- Backed by the Tenneco Group, it benefits from global research, product innovation, and technological expertise.
- It manufactures exhaust after-treatment systems, engine parts, and advanced suspension components for both internal combustion and electric vehicle platforms.
- Multiple manufacturing facilities strategically located in key automotive hubs across India enable efficient supply chain and operational excellence.
- Tenneco’s expertise in emission control technology aligns well with increasingly stringent government regulations.
Tenneco Clean Air IPO Risks
- Over 80% of revenue derives from passenger vehicles and commercial vehicle OEMs in India, exposing the company to sectoral cyclicality.
- Top 10 customers account for more than 80% of total sales, which poses risk if any major customers reduce orders or change suppliers.
- Evolving emission standards and government policies could require costly product redesigns and compliance measures.
- Volatility in prices of steel, catalysts, and other inputs can impact manufacturing costs and margins.
- Depends on global and domestic suppliers makes the company sensitive to logistic issues and component shortages.
- International operations and imports subject the company to foreign exchange risks.
Swot Analysis for Tenneco Clean Air IPO
Strengths
Advanced Technology, Strong Global Backing, Industry Leadership
Weaknesses
OEM Dependence, Raw Material Volatility, Revenue Concentration
Opportunities
Emissions Regulation Tailwind, Aftermarket Expansion, Smart Manufacturing
Threats
Intense Competition, Supply Chain Disruption, Technological Obsolescence
Company 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: TennecoIndiaInvestors@tenneco.com
Website: http://www.tennecoindia.com/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: tennecocleanair.ipo@in.mpms.mufg.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
FAQs
The key objectives of Tenneco Clean Air IPO are:
- To conduct the Offer for Sale with a face value of ₹10 each by the selling shareholders and
- To realise the advantages of having the equity shares listed on the stock exchange
JM Financial Ltd. ,Citigroup Global Markets India Pvt. Ltd. , HSBC Securities & Capital Markets (India) Pvt. Ltd. , Axial Capital Pvt. Ltd. are the book-running lead managers for the Tenneco Clean Air IPO.
Tenneco Clean Air India Limited shows strong growth potential backed by its 60% market share in clean air products, 32.5% rise in profit to ₹5532 crore in FY25, and EBITDA margin expansion to 16.7%. Its leadership in emission solutions and diversified client base support sustained future growth.
The issue price for the Tenneco Clean Air IPO is set between ₹378 to ₹397 per share.
To invest in one lot of Tenneco Clean Air IPO, you need ₹13,986 at the lower price band (₹378 per share) or ₹14,689 at the upper price band (₹397 per share) for a lot size of 37 shares.
Tenneco Clean Air IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 19, 2025.
Refund/unblocking of funds for Tenneco Clean Air IPO will begin on November 18, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Tenneco Clean Air IPO shares on listing day (November 19, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.