Tenneco Clean Air India Ltd IPO

Tenneco Clean Air India Ltd IPO

We manufacture and supply critical, highly engineered and technology intensive clean air, powertrain and suspension solutions tailored for Indian original equipment manufacturers (OEMs) and export markets. Our customer base spans OEMs who use our products in: (i) passenger vehicles (PVs), (ii) commercial vehicles (CVs), which comprises commercial trucks (CTs) and off-highway vehicles (OHs), and (iii) industrial and other applications, which comprises generator sets, small commercial vehicles with gross vehicle weight of less than 3.5 tons, two wheelers and three wheelers (Industrial/Others). We also sell to the aftermarket primarily through Motocare India Private Limited (Motocare), a subsidiary of Tenneco LLC and our Group Company.

Tenneco Clean Air India Ltd IPO Details

Total Shares Offered

₹ 9,06,80,101

Offer to Public

9,06,80,101

Retail Max (Shares)

TBA

Pre Issue Promoters Holding

₹ 39,25,21,185

Exchange

BSE

Issue size

₹ 3600 Cr

IPO Open Date

Nov 12, 2025

Close Date

Nov 14, 2025

Lot Size

37

Min Investment

₹ 13,986

Issue Type

Book Building

Listing Date

Nov 19, 2025

Tenneco Clean Air India Ltd IPO Dates

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Nov 12, 2025
Opening date
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Nov 14, 2025
Closing date
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Nov 17, 2025
Basis of Allotment
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Nov 17, 2025
Initiation of Refunds
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Nov 18, 2025
Credit of Shares
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Nov 19, 2025
Listing date

Details

SectorType
SectorAuto Ancillaries
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Tenneco Clean Air India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations460.69383.08301.65
EBITDA509.94434.07346.97
PAT306.08243.50189.81
Total Assets641.20590.67808.02
Share Capital403.60214.09313.41
Total Borrowings106.61121.37101.44
Operating Activities (Net Cash)355.33294.49235.13
Investing Activities (Net Cash)5,471.19-13.43-5.56
Financing Activities (Net Cash)106.61121.37101.44
Net Cashflow177.1544.17210.52

About Tenneco Clean Air India Ltd

Our Company was originally incorporated as `Tenneco Clean Air India Private Limited' at Chennai, Tamil Nadu, India, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated December 21, 2018, issued by the Central Registration Centre on behalf of the Registrar of Companies, Tamil Nadu and Andaman at Chennai (RoC). Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Board on February 18, 2025, and a special resolution passed by our Shareholders on February 21, 2025, and consequently the name of our Company was changed to `Tenneco Clean Air India Limited'. A fresh certificate of incorporation dated May 16, 2025 was issued by the Central Processing Centre on behalf of the RoC upon conversion to public limited company.

According to the CRISIL Report, Indian auto component production (which includes sales to OEMs, exports and the replacement market) has increased at a 13.4% CAGR to Rs.8,622 billion in Fiscal 2025 from Rs.4,592 billion in Fiscal 2020. Auto component exports grew at a strong 13.4% CAGR during Fiscals 2020 to 2025. The auto component market size is expected to grow between Fiscals 2025 and 2030 to reach Rs.13,500 to Rs.14,500 billion. Domestic auto-component production revenue is projected to increase by 7-9% in Fiscal 2026, aided by continued economic growth and buoyant demand from the OEM, replacement and export markets. Auto component exports (accounting for 22% of the overall demand in Fiscal 2025) are projected to record a 6-8% on year growth in Fiscal 2026.

We manufacture and supply critical, highly engineered and technology intensive clean air, powertrain and suspension solutions tailored for Indian original equipment manufacturers (OEMs) and export markets. Our customer base spans OEMs who use our products in: (i) passenger vehicles (PVs), (ii) commercial vehicles (CVs), which comprises commercial trucks (CTs) and off-highway vehicles (OHs), and (iii) industrial and other applications, which comprises generator sets, small commercial vehicles with gross vehicle weight of less than 3.5 tons, two wheelers and three wheelers (Industrial/Others). We also sell to the aftermarket primarily through Motocare India Private Limited (Motocare), a subsidiary of Tenneco LLC and our Group Company.

Peer Comparison:

  • Bosch Ltd
  • Timken India Ltd
  • SKF India Ltd
  • ZF Commercial Vehicle Control System India Ltd
  • Sharda Motor Industries Ltd
  • Gabriel India Ltd
  • Uno Minda Ltd
  • Sona BLW Precision Forgings Ltd

Tenneco Clean Air India Ltd Key Points

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.

Strong financial performance supported by growth, profitability and efficient use of capital.

Risk

In the past there have been instances of non-compliances with certain provisions of the Companies Act and FEMA Regulations by our Company and certain Subsidiaries, which have been compounded or in relation to which we have filed compounding applications. There can be no assurance that we will not experience similar or other instances of non-compliance in the future.

Our statutory auditors have identified certain emphasis of matters, matters pertaining to internal financial controls and Companies (Auditor's Report) Order, 2020 (CARO 2020) in their reports as of and for the three months period ended June 30, 2025 and 2024 and Fiscal 2025, 2024 and 2023.

Our ability to pay dividends in the future will depend on our earnings, financial condition, working capital requirements, capital expenditures and restrictive covenants of our financing arrangements.

Strategy

Capturing market opportunities driven by tightening emission standards.

Capitalizing on trends toward premiumization, SUVs, EVs and hybrids.

Enhancing competitiveness through strategic localization - Make in India.

Positioning our operations in India as an export hub with global manufacturing standards.

Continued focus on R&D and innovation.

How To Apply for Tenneco Clean Air India Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Tenneco Clean Air India Ltd IPO?

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Tenneco Clean Air India Ltd's IPO offers shares for up to 0 It begins on Nov 12, 2025 and ends on Nov 14, 2025.

What is the price of the Tenneco Clean Air India Ltd IPO?

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The price of Tenneco Clean Air India Ltd IPO ranges between ₹378 to ₹397 per share.

What are the open and close dates for the Tenneco Clean Air India Ltd IPO?

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The Tenneco Clean Air India Ltd IPO opens on Nov 12, 2025 and closes on Nov 14, 2025.

When will the Tenneco Clean Air India Ltd IPO be allotted?

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The allotment for the Tenneco Clean Air India Ltd IPO will be finalised on Nov 17, 2025. The shares will be listed on BSE and NSE on Nov 19, 2025.

What is the minimum lot size required for Tenneco Clean Air India Ltd IPO?

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The minimum lot size for Tenneco Clean Air India Ltd IPO is 37 shares, priced between ₹378 to ₹397 per share.

What is the GMP of Tenneco Clean Air India Ltd IPO?

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The GMP (Grey Market Premium) of Tenneco Clean Air India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Tenneco Clean Air India Ltd IPO?

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To check the allotment status of Tenneco Clean Air India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Tenneco Clean Air India Ltd IPO getting listed?

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The Tenneco Clean Air India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 12, 2025, and closes on Nov 14, 2025. The allotment is finalised on Nov 17, 2025.

How do you apply for the Tenneco Clean Air India Ltd IPO?

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To apply for the Tenneco Clean Air India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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