Tenneco Clean Air India IPO Price: ₹206 to ₹217 per share
IPO Dates: 11th November 2025 – 14th November 2025
Company Overview
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in the design and manufacturing of clean air and powertrain products for automotive applications. The company operates under Tenneco’s Clean Air Division, focusing on emission control technologies for both light and commercial vehicles.
Business Operations in India
In India, Tenneco Clean Air provides advanced exhaust and after-treatment systems that help vehicle manufacturers comply with stringent emission standards such as Bharat Stage VI.
Its comprehensive product portfolio includes:
- Catalytic converters
- Diesel Particulate Filters (DPFs)
- Mufflers
- Exhaust pipes
The company has established manufacturing facilities across key automotive hubs in India to support OEMs and Tier 1 customers. With a strong focus on sustainability, innovation, and environmental compliance, Tenneco leverages advanced R&D and engineering capabilities to drive technological excellence.
Product Divisions
- Clean Air & Powertrain Solutions Division
- Clean Air Solutions – emission control systems, catalytic converters, DPFs
- Powertrain Solutions – products enhancing engine performance and fuel efficiency
- Advanced Ride Technologies Division
This division designs, manufactures, and sells shock absorbers, struts, and advanced suspension systems.
As of March 31, 2025, the company had 145 employees dedicated to design, engineering, and R&D functions.
Manufacturing Footprint
As of March 31, 2025, the company operates 12 manufacturing facilities across seven states and one union territory in India.
These include:
- 7 Clean Air & Powertrain Solutions facilities
- 5 Advanced Ride Technology facilities
Competitive Strengths
- Second largest pure-play integrated solar PV module and cell manufacturer in India
- One of India’s largest solar PV module producers with a proven quality track record
- Early mover advantage in TOPCon cell technology
- Advanced manufacturing units ensuring efficiency and sustainability
- Strong relationships with a diverse customer base and robust order book
- Experienced promoter-led senior management team
Bidding Starts In
Tenneco Clean Air India IPO Specifics:
| IPO Date | November 12, 2025 to November 14, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹₹378 to ₹397 per share |
| Lot Size | 37 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 9,06,80,101 shares (aggregating up to ₹3,600.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 40,36,04,309 shares |
| Share Holding Post Issue | 40,36,04,309 shares |
Tenneco Clean Air India IPO Timetable (Important Dates)
| IPO Open Date | Wed, Nov 12, 2025 |
| IPO Close Date | Fri, Nov 14, 2025 |
| Tentative Allotment | Mon, Nov 17, 2025 |
| Initiation of Refunds | Tue, Nov 18, 2025 |
| Credit of Shares to Demat | Mon, Nov 17, 2025 |
| Listing Date | Wed, Nov 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 14, 2025 |
Tenneco Clean Air India IPO Lot Size
Bidders have the opportunity to bid for a minimum of 37 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,689 |
| Retail (Max) | 13 | 481 | ₹1,90,957 |
| S-HNI (Min) | 14 | 518 | ₹2,05,646 |
| S-HNI (Max) | 68 | 2,516 | ₹9,98,852 |
| B-HNI (Min) | 69 | 2,553 | ₹10,13,541 |
Tenneco Clean Air India IPO Reservation
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
Tenneco Clean Air India IPO Financial Information
| 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 | 1,204.30 | 1,208.76 | 767.26 | 896.05 |
| Total Borrowing | 0.86 |
Key Performance Indicator – Tenneco Clean Air India IPO
| KPI | Values |
|---|---|
| ROE | 42.65% |
| ROCE | 56.78% |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
| Price to Book Value | 12.77 |
| Market Capitalization | ₹16,023.09 Cr. |
| EPS (Rs) | 13.71 |
| P/E (x) | 28.97 |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Tenneco Clean Air India Limited IPO RHP
Tenneco Clean Air India Limited IPO DRHP.
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