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InvestmentsIPOTenneco Clean Air India IPO

Tenneco Clean Air India IPO

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Open Date

12 Nov 2025

Close Date

14 Nov 2025

Min Investment

₹ 14,689

Lot Size

37

Issue Size

₹ 3600.00 Cr

Price Range

₹ 378 - ₹ 397

Subscribed

58.72 x
status

This IPO is now Live.

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IPO Timeline
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IPO Offer Start
12 Nov 2025
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IPO Offer Ends
14 Nov 2025
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Allotment Finalisation
17 Nov 2025
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Refund Initialisation
18 Nov 2025
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Non-Institutional Buyers (sHNI)
18 Nov 2025
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Listing of Shares
19 Nov 2025
IPO Subscription Details as on 1 Apr 2026, 11:45 AM
Qualified Instituational Buyers (QiB)
166.42 x
Retail
4.91 x
Total
58.72 x
Non-Institutional Buyer (bHNI)
47.01 x
Non-Institutional Buyer (sHNI)
28.02 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Tenneco Clean Air India Limited is part of the Tenneco Group, a U.S. headquartered key global Tier I automotive component supplier. The company manufactures and supplies critical, highly engineered and technology intensive clean air, powertrain and suspension solutions tailored for Indian OEMs and export markets. The company operates two business divisions: Clean Air & Powertrain Solutions (comprising Clean Air Solutions and Powertrain Solutions) and Advanced Ride Technologies, serving customers across passenger vehicles, commercial vehicles, and industrial applications.
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Founded In

2018

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CEO

Niranjan Kumar Gupta

Financials of Tenneco Clean Air India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue4,827.375,467.614,890.43
Other Income59.5969.7841.02
Total Income
4,886.965,537.394,931.44
Total Expenses
4,379.214,984.284,198.63
Profit Before Tax507.75553.11732.82
Total Profit
381.04416.79553.14

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
To conduct Offer for Sale (OFS) of ₹10 each by the Promoter Selling Shareholder3,600
To list the equity shares on the stock exchanges and gain the associated benefits of listing.-
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  • Market leading supplier of critical, highly engineered and technology intensive solutions: The company is the largest supplier of Clean Air Solutions to Indian CT OEMs with 57% market share, largest supplier to Indian OH OEMs with 68% market share, among top four suppliers to Indian PV OEMs with 19% market share, and largest supplier of shock absorbers and struts to Indian PV OEMs with 52% market share in terms of value for Fiscal 2025.
  • Strategically diversified portfolio of proprietary products and solutions: The company offers diversified range of customized and proprietary products including exhaust aftertreatment systems, catalytic converters, mufflers, exhaust pipes, engine bearings, sealing systems, spark plugs, shock absorbers and struts, and advanced suspension systems across multiple industry sub-segments.
  • Innovation-focused approach aided by global R&D initiatives: The company operates two R&D technical centers in India and leverages Tenneco Group's global R&D initiatives with access to more than 5,000 active patents and patent applications worldwide and more than 7,500 active trademarks worldwide as of June 30, 2025.
  • Flexible and automated manufacturing footprint strategically located: The company operates 12 manufacturing facilities across seven states and one union territory in India, strategically positioned near key automotive OEM hubs with advanced technologies including process automation, robotic and laser welding cells, adhering to stringent quality standards including IATF 16949, ISO 45001 and ISO 14001.
  • Strong financial performance supported by growth and profitability: The company achieved revenue from operations of ₹48,904.30 million in Fiscal 2025, EBITDA Margin of 16.67% and PAT Margin of 11.31% as percentage of revenue from operations in Fiscal 2025, with ROCE of 56.78% and free cash flow to EBITDA ratio of 61.04%.
  • Qualified and experienced management team with skilled workforce: The company is led by experienced management team with Arvind Chandrasekharan having over 21 years of automotive industry experience as CEO and Mahender Chhabra having over 27 years of experience as CFO, supported by 2,017 full-time employees as of June 30, 2025.

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