Tenneco Clean Air India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 45,340,050 (50%) | — | ₹180,000 Cr |
| NII (HNI) | — | 13,602,015 (15%) | — | ₹54,000 Cr |
| Retail | — | 31,738,035 (35%) | — | ₹126,000 Cr |
| Σ Total | — | 90,680,100 (100%) | — | ₹3,600,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,689 |
| Retail (Max) | 13 | 481 | ₹190,957 |
| S-HNI (Min) | 14 | 518 | ₹205,646 |
| B-HNI (Min) | 67 | 2,479 | ₹984,163 |
Financial Statements Amount in ₹ Crore
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 1,316 | 4,931 | 5,537 |
| EBITDA | 229 | 815 | 612 |
| Profit After Tax | 168 | 553 | 417 |
| Net Worth | 1,250 | 1,255 | 1,117 |
| Total Assets | 2,919 | 2,832 | 2,136 |
| Reserves & Surplus | 1,204 | 1,209 | 767 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
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Company Overview
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain products for automotive applications. The company operates within the Clean Air division, focusing on emission control technologies for both light and commercial vehicles.
In India, Tenneco Clean Air provides advanced exhaust and after-treatment systems, helping vehicle manufacturers meet increasingly stringent emission norms such as Bharat Stage VI. Its product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.
The company has manufacturing facilities strategically located across India to support OEMs and Tier 1 customers. It emphasizes sustainability, innovation, and compliance with environmental regulations through advanced R&D and engineering capabilities.
As of March 31, 2025, the company have 12 manufacturing facilities, comprising seven Clean Air & Powertrain Solutions facilities and five Advanced Ride Technology facilities, across seven states and one union territory in India.
Products:
- The Clean Air & Powertrain Solutions division: Clean Air Solutions, Powertrain Solutions
- The Advanced Ride Technologies division designs, manufactures and sells shock absorbers, struts and advanced suspension systems.
As of March 31, 2025, the company had 145 employees dedicated to the design, engineering and R&D department.
Competitive Strengths:
- Market leading supplier of critical, highly engineered and technology intensive clean air, powertrain and suspension solutions to leading Indian and global OEMs
- Strategically diversified portfolio of proprietary products and solutions well positioned to capture market and industry trends
- Innovation-focused approach aided by our ability to leverage Tenneco Group’s global R&D initiatives to cross-deploy global technologies for proprietary, modular and customized products at Indian price points
- Flexible and automated manufacturing footprint of 12 strategically located plants well-supported by a localized supply chain