Tenneco Clean Air Limited Link 
Allotment
The Tenneco Clean Air IPO will open for subscription on November 12, 2025, and close on November 14, 2025. This IPO is a book-built issue, through which the company plans to raise approximately ₹3,600 crore. The issue includes an offer for sale of up to 9,06,80,101 equity shares, each with a face value of ₹10.
The price band for the Tenneco Clean Air IPO has been set at ₹378 to ₹397 per share. The allocation is structured with 50% for QIBs, 35% for retail investors, and 15% for HNIs. The shares are scheduled to be listed on both the BSE and NSE on November 19, 2025, while the allotment is expected on November 17, 2025.
From a financial perspective, Tenneco Clean Air reported a revenue of ₹4,931.45 crore in FY2025, compared to ₹5,537.39 crore in FY2024. Net profit rose to ₹553.14 crore in FY2025, up from ₹416.79 crore in FY2024.
Based on its strong profitability and market position, the IPO appears suitable for long-term investors.
₹397
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Open
₹397
HIgh - Low
₹397
Previous Close
₹397
Total Traded Value
0
52 Weeks High
₹397
52 Weeks Low
₹397
Updates On
Nov 10, 2025
IPO. Open
Nov 12, 2026
IPO. Close
Nov 14, 2026
IPO. Price
₹397.00
IPO Market price
₹16,023.09 Cr
IPO Details
| IPO Date | 19 Nov |
| IPO Listing Date | 19 Nov |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹397.00 |
| IPO Issue Size | 9,06,80,100 shares |
| IPO Sale Type | Offer For Sale |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| Share Holding Pre Issue | 40,36,04,309 shares |
IPO Timeline
| IPO Open Date | 12 Nov |
| IPO Close Date | 14 Nov |
| IPO Allotment (Tentative) | 17 Nov |
| Refunds | 18 Nov |
| Credit to Demat Account | 18 Nov |
| IPO Listing Date | 19 Nov |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,90,47,617 |
| NII (HNI) Shares Offered | 1,42,85,715 |
| Retail Shares Offered | 3,33,33,334 |
IPO Lot Size
Investors can bid for a minimum of 37 shares, with additional shares in multiples of 37.
| Application | Lots | Share | 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 Limited, incorporated in 2018, is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain solutions for automotive applications. The company operates under the Clean Air division, focusing on emission control technologies for light and commercial vehicles.
In India, Tenneco Clean Air provides advanced exhaust and after-treatment systems, enabling vehicle manufacturers to comply with stringent emission norms such as Bharat Stage VI. Its product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.
The company also operates the Advanced Ride Technologies division, which designs, manufactures, and sells shock absorbers, struts, and advanced suspension systems.
Manufacturing and Operations:
Tenneco Clean Air has a strategically located manufacturing footprint across India, comprising 12 facilities as of March 31, 2025—seven Clean Air & Powertrain Solutions facilities and five Advanced Ride Technologies facilities across seven states and one union territory. The company maintains a localized supply chain in line with Tenneco Group’s global purchasing standards, with 91–92% of raw material costs sourced domestically in FY2023–2025.
The company employs 145 professionals in design, engineering, and R&D, focusing on innovation, product development, and advanced engineering solutions.
Competitive Strengths:
* Market leader in highly engineered clean air, powertrain, and suspension solutions for leading Indian and global OEMs
* Diverse and proprietary product portfolio, well-positioned to capture evolving industry trends*
* Innovation-driven approach, leveraging Tenneco Group’s global R&D initiatives to deliver modular and customized solutions at competitive Indian price points
* Flexible and automated manufacturing facilities, strategically located across India, supported by a strong local supply chain
* Focus on sustainability, regulatory compliance, and technological advancement
Tenneco Clean Air India has established itself as a critical technology partner for automotive OEMs, combining global expertise with local manufacturing and supply chain capabilities to deliver high-quality, emission-compliant, and performance-driven solutions.
Company Financials (Consolidated)
| Assets | 2,918.77 | 2,831.58 | 2,136.26 |
| Total Income | 1,316.43 | 4,931.45 | 5,537.39 |
| Profit After Tax | 168.09 | 553.14 | 416.79 |
| EBITDA | 228.88 | 815.24 | 612.09 |
| NET Worth | 1,250.38 | 1,255.09 | 1,116.59 |
| Reserves and Surplus | 1,204.30 | 1,208.76 | 767.26 |
| Total Borrowing | - | - | - |
Key Performance Indicator (KPI)
| ROE | 42.65% |
| ROCE | 56.78% |
| Debt/Equity | - |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
| Price to Book Value | 12.77 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
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
The Tenneco Clean Air IPO opened on November 12, 2025, closed on November 14, 2025, with allotment finalized on November 17 and listing on November 19, 2025.
The IPO was priced at ₹397 per share. Retail investors could apply for a minimum of one lot of 37 shares, requiring an investment of ₹14,689.
The IPO size was approximately ₹3,600 crore and was entirely an offer for sale of 9.06 crore equity shares, with no fresh issue component.
Despite a decline in revenue, the company reported strong profitability, with PAT increasing to ₹553.14 crore in FY2025 from ₹416.79 crore in FY2024.
With strong margins, high ROE and ROCE, leadership in emission control technologies, and backing from a global parent, the IPO appeared suitable for long-term investors.
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