Tenneco Clean Air IPO Date, Review, Price, Allotment Details

Posted on: 04 Nov 2025

The Tenneco Clean Air IPO will open for subscription on November 12, 2025, and close on November 14, 2025. It is a book-built issue, through which the company aims to raise approximately ₹3,600 crores. The IPO comprises a fresh issue of ₹[.] crores and an offer for sale (OFS) of up to 9,06,80,101 equity shares with a face value of ₹10 each.

The price band for the issue is set between ₹378 and ₹397 per share. The allocation breakdown includes 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-Worth Individuals (HNIs). The IPO is scheduled to be listed on both BSE and NSE on November 19, 2025, with the allotment date set for November 17, 2025.

Financially, the company reported a revenue of ₹4,931.45 crores in FY 2025, compared to ₹5,537.39 crores in FY 2024, and a net profit of ₹553.14 crores in FY 2025, up from ₹416.79 crores in FY 2024. Based on these performance metrics, Tenneco Clean Air IPO appears suitable for long-term investors.

Tenneco Clean Air IPO Details

IPO Open Date
November 12, 2025
IPO Close Date
November 14, 2025
Face Value
₹10 Per Equity Share
IPO Price Band
₹378 to ₹397 Per Share
Issue Size
Approx ₹3,600 Crores
Offer for Sale:
Approx 9,06,80,101 Equity Shares
Issue Type
Book Built Issue
IPO Listing
BSE, NSE
DRHP Draft Prospectus
PDF

Tenneco Clean Air IPO Market Lot

The Tenneco Clean Air IPO minimum market lot is 37 shares with ₹14,689 application amount. The retail investors can apply for up to 13 lots with 481 shares of ₹1,90,957 amount.

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
2,516
₹9,98,852
B-HNI Minimum
69
2,553
₹10,13,541

IPO Reservation

Investor Category
Share Offered
-% Shares
Anchor Investor
– Shares
-%
QIB (Ex. Anchor)
– Shares
50%
NII Shares Offered
– Shares
15%
Retail Shares Offered
– Shares
35%

Tenneco Clean Air IPO Anchor Investors

Anchor Bidding Date
2025
Anchor Investors List
PDF
Shares Offered
[.] Shares
Anchor Size
– Cr.
Lock-in period end date 50% shares (30 Days)
December 17, 2025
Lock-in period end date 50% shares (90 Days)
February 15, 2026

Tenneco Clean Air IPO Dates

The Tenneco Clean Air IPO will open in 2025 and close in 2025. The IPO allotment is expected to be finalized in 2025, with the listing date scheduled for 2025.

IPO Open Date:
November 12, 2025
IPO Close Date:
November 14, 2025
Basis of Allotment:
November 17, 2025
Refunds:
November 18, 2025
Credit to Demat Account:
November 18, 2025
IPO Listing Date:
November 19, 2025
IPO Bidding Cut-off Time:
November 14, 2025 – 5 PM

Promoters and Holding Pattern

The promoters of Tenneco Clean Air Limited are Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty Ltd, and Tenneco LLC.

Particular
Shares
% Share
Promoter Holding Pre Issue
40,36,04,309
100.00%
Promoter Holding Post Issue
40,36,04,309
-%

Objects of the Issue & Utilisation of Proceeds

  • NA

About Tenneco Clean Air IPO

Tenneco Clean Air Limited, established in 2018, specializes in the design and manufacturing of clean air and powertrain products for automotive applications. The company focuses on delivering advanced emission control and performance-enhancing solutions to meet the evolving needs of the automotive industry.

As of March 31, 2025, Tenneco Clean Air operates 12 manufacturing facilities across seven states and one union territory in India. These include 7 Clean Air & Powertrain Solution facilities and 5 Advanced Ride Technologies facilities, reflecting the company’s strong manufacturing footprint.

Tenneco Clean Air maintains a robust local supply chain aligned with the Tenneco Group’s global purchasing standards. During the financial years 2023 to 2025, approximately 91–92% of the company’s raw material costs (excluding substrates) were sourced domestically, emphasizing its commitment to local procurement and efficient operations.

Tenneco Clean Air IPO Company Financial Report

Amount in Crores (₹)

Period Ended
Revenue
Expense
PAT
Assets
2023
₹4,886.96
₹4379.21
₹381.04
₹2,429.65
2024
₹5,537.39
₹4984.28
₹416.79
₹2,136.26
2025
₹4,931.45
₹4198.63
₹553.14
₹2,831.58

Tenneco Clean Air IPO Valuation – FY2025

Check Tenneco Clean Air IPO valuation details, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).

KPI
Values
ROE:
42.65%
ROCE:
56.78%
EBITDA Margin:
16.67%
PAT Margin:
11.31%
Debt to equity ratio:
(0.17)
Earning Per Share (EPS):
₹13.68 (Basic)
Price/Earnings (P/E) Ratio:
N/A
Return on Net Worth (RoNW):
46.65%
Net Asset Value (NAV):
₹31.10

Peer Group Comparison

Company
EPS
PE Ratio
RoNW %
NAV
Income
Bosch Ltd
683.25
46.21
15.56%
4,683.48
₹18,087.40 Cr.
Timken India Ltd
59.48
54.61
17.00%
378.21
₹3,147.81 Cr.
SKF India Ltd
114.50
40.20
21.43%
525.50
₹4,919.90 Cr.
ZF Commercial Vehicle Control System India Ltd
242.90
53.71
15.35%
1,694.75
₹3,830.96 Cr.
Sharda Motor Industries Ltd
109.71
16.92
30.46%
369.92
₹2,836.57 Cr.
Gabriel India Ltd
17.05
34.73
22.42%
82.38
₹4,063.38 Cr.
Uno Minda Ltd
16.42
64.51
17.66%
99.75
₹16,774.61 Cr.
Sona BLW Precision Forgings Ltd
9.92
48.12
14.76%
88.38
₹3,546.02 Cr.

IPO Lead Managers aka Merchant Bankers

  • JM Financial Ltd.
  • Citigroup Global Markets India Pvt. Ltd.
  • Axis Bank Ltd.
  • HSBC Securities & Capital Markets (India) Pvt. Ltd.

Company Address

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 Registrar

MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: tennecocleanair.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

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