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Tenneco Clean Air India IPO

  • Status: Closed
  • RHP:
  • ₹ 13,986 / 37 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    19 Nov 2025

  • Listing Price

    ₹498.00

  • Listing Change

    25.44%

  • Last Traded Price

    ₹490.15

Tenneco Clean Air India IPO Details

  • Open Date

    12 Nov 2025

  • Close Date

    14 Nov 2025

  • Listing Date

    19 Nov 2025

  • IPO Price Range

    ₹ 378 to ₹397

  • IPO Size

    ₹ 3,600 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

Tenneco Clean Air India IPO Timeline

Tenneco Clean Air India IPO Subscription Status

Last Updated: 14 November 2025 5:12 PM by 5paisa

Tenneco Clean Air Limited, launching a ₹3,600.00 Cr IPO, a subsidiary of Tenneco Inc., designs and manufactures clean air and powertrain solutions for automotive applications. Operating within the Clean Air division, it provides emission control technologies such as catalytic converters, diesel particulate filters, mufflers, and exhaust systems. With 12 manufacturing facilities across seven states and one union territory, the company supports OEMs through innovation, sustainability, and compliance with Bharat Stage VI and other environmental standards. 

Established in: 2018 

Managing Director: R.C. Subramaniam 

 

Peers: 

 

Metric Tenneco Clean Air Limited Timken India Ltd SKF India Ltd Uno Minda Ltd Sona BLW Precision Forgings Ltd
Face Value (₹ per share) 10 10 10 2 10
Closing Price (₹ per share as on Oct 20, 2025) NA 2,927.70 2,200.00 1,229.60 461.20
Revenue from Operations for FY 2025 (₹ Cr) 4,890.43 3,147.81 491.91 16,774.61 3,546.02
Earnings Per Share (Basic) (₹) 13.68 59.48 114.50 16.42 9.92
Earnings Per Share (Diluted) (₹) 13.68 59.48 114.50 16.37 9.92
Net Asset Value Per Equity Share (₹) 31.10 378.21 525.50 95.99 88.38
Price/Earnings Ratio [•] 49.22 19.21 75.11 46.49
Net Worth (₹ Cr) 1,255.09 2,844.87 2,597.96 5,511.39 5,494.77
Return on Net Worth (RoNW) (%) 46.65 17.00% 21.43% 18.36% 14.76%
Market Capitalisation / Revenue from Operations [•] 7.00 2.21 4.21 8.09

Tenneco Clean Air India Objectives

1. Payment of fees and commissions to BRLMs. 
2. Allocation for advertising and marketing expenses. 
3. Payment of fees to the Offer Registrar. 

Tenneco Clean Air India IPO Size

Types Size
Total IPO Size ₹3,600 Cr 
Offer For Sale ₹3,600 Cr 
Fresh Issue ₹0 Cr

Tenneco Clean Air India IPO Lot Size

Application Lots Shares Amount (₹)
Retail (Min) 1 37 13,986
Retail (Max) 13 481 1,90,957
S-HNI (Min) 14 518 1,95,804
S-HNI (Max) 68 2,516 9,98,852
B-HNI (Min) 69 2,553 9,65,034

Tenneco Clean Air India IPO Reservation

Investors Category Subscription (times) Shares Offered* Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 174.78     1,81,36,020     3,16,98,44,427   1,25,842.82
Non-Institutional Buyers 42.79     1,36,02,015     58,20,15,587     23,106.02
bNII (bids above ₹10L) 49.38     90,68,010     44,77,45,658 17,775.50
sNII (bids below ₹10L) 29.61     45,34,005     13,42,69,929 5,330.52
Retail Investors 5.36     3,17,38,035     17,02,34,632     6,758.31
Total** 61.79     6,34,76,070     3,92,20,94,646   1,55,707.16

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (In ₹ Crores) FY23 FY24 FY25
Revenue 4827.37 5467.61 4890.43
EBITDA 570.63 612.09 815.24
PAT 381.04 416.79 553.14
Particulars (In ₹ Crores) FY23 FY24 FY25
Total Assets 2429.65 2136.26 2831.58
Share Capital 313.41 214.09 403.60
Total Liabilities 1170.10 1102.93 1150.17
Cash Flows (₹ Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) Operating Activities 537.50 487.67 562.39
Net Cash Generated From / (used in) Investing Activities -13.10 -30.14 -26.78
Net Cash Generated From / (used in) Financing Activities -394.39 -685.94 -432.78
Net Increase (Decrease) in Cash and Cash Equivalents 130.02 -228.40 102.83


Strengths

1. Strong presence in emission control technology market. 
2. Backed by global leader Tenneco Inc.’s expertise. 
3. Wide manufacturing network across multiple Indian states. 
4. Strong focus on sustainability and innovation.

Weaknesses

1. High dependence on automotive sector performance. 
2. Limited brand visibility among end consumers. 
3. High R&D costs impact short-term profitability. 
4. Complex regulatory compliance increases operational burden.  

Opportunities

1. Growing demand for cleaner, fuel-efficient vehicles. 
2. Expansion potential with Bharat Stage VI norms. 
3. Increasing OEM partnerships for advanced solutions. 
4. Rising government focus on environmental sustainability. 

Threats

1. Intense competition from global and local players. 
2. Rapid technological changes in emission systems. 
3. Fluctuating raw material prices affect margins. 
4. Economic slowdown may reduce vehicle production demand. 

1. Strong position in emission control technology market. 
2. Backed by Tenneco Inc.’s global expertise and innovation. 
3. Benefiting from stricter Bharat Stage VI emission norms. 
4. Diverse manufacturing base ensuring operational efficiency nationwide. 

Tenneco Clean Air India Limited operates in the rapidly evolving automotive sector, focusing on advanced emission control and powertrain technologies. With India’s tightening environmental regulations and growing demand for cleaner mobility solutions, the company is well-positioned for sustainable growth. Its strong manufacturing footprint, global expertise, and focus on innovation provide a robust foundation for long-term expansion and market leadership in clean air solutions.

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FAQs

Tenneco Clean Air IPO opens from November 12, 2025 to November 14, 2025. 

The size of Tenneco Clean Air IPO is ₹3,600.00 Cr. 

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

To apply for Tenneco Clean Air IPO, follow the steps given below: 

●    Login to your 5paisa demat account and select the issue in the current IPO section     

●    Enter the number of lots and the price at which you wish to apply for the Tenneco Clean Air. IPO.     

●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.     

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Tenneco Clean Air IPO is of 37 shares and the investment required is ₹13,986. 

The share allotment date of Tenneco Clean Air IPO is November 17, 2025 

The Tenneco Clean Air IPO will likely be listed on November 19, 2025. 

JM Financial Ltd is the book running lead managers for Tenneco Clean Air IPO. 

Tenneco Clean Air IPO plans to utilise the raised capital from the IPO for: 

  • Payment of fees and commissions to BRLMs. 
  • Allocation for advertising and marketing expenses. 
  • Payment of fees to the Offer Registrar.