Tenneco Clean Air India Limited is part of the Tenneco Group, a global leader in automotive technology specializing in clean air, powertrain and advanced ride performance solutions. The company operates within the Clean Air division of Tenneco, supplying critical emission control and exhaust systems to leading automotive OEMs in India and overseas.
The company’s solutions play a key role in helping vehicle manufacturers meet stringent emission standards, including Bharat Stage VI norms. Its products are engineered to optimize vehicle performance, reduce emission levels, and support sustainable mobility.
Products & Solutions:
- Clean Air & Powertrain Solutions: The company manufactures emission control and exhaust system components such as catalytic converters, diesel & gasoline particulate filters, exhaust manifolds, mufflers, and complete after-treatment modules. These products are used across passenger vehicles, commercial vehicles, two-wheelers, and industrial engines to meet Bharat Stage VI and global emission norms.
- Advanced Ride Technologies (ART): This division produces shock absorbers, struts, and advanced suspension systems, improving ride comfort, stability, and handling for two-wheelers, passenger cars, commercial vehicles, and off-highway equipment.
As of March 31, 2025, the company has 12 manufacturing facilities across 7 states and 1 union territory, including 7 Clean Air & Powertrain units and 5 Advanced Ride Technology (ART) units, enabling efficient supply to OEMs.
The company also has 145 R&D and engineering personnel focused on emission compliance, material innovation, and performance optimization.
Tenneco Clean Air IPO – Details
| IPO Opening Date | 12 November 2025 |
| IPO Closing Date | 14 November 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: [] Shares Worth ₹3,600.00 Crore Offer For Sale: [] Shares Worth ₹3,600.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | MUFG Intime India Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Tenneco Clean Air IPO – Date Schedule
| IPO Open Date | 12 November 2025 |
| IPO Close Date | 14 November 2025 |
| Basis of Allotment | 17 November 2025 |
| Initiation of Refund | 18 November 2025 |
| Credit of Shares to Demat Account | 18 November 2025 |
| IPO Listing Date | 19 November 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 14, 2025 |
Tenneco Clean Air IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strength
- 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.
Company Promoters
- Tenneco Mauritius Holdings Limited
- Tenneco (Mauritius) Limited
- Federal-Mogul Investments B.V.
- Federal-Mogul Pty Ltd and Tenneco LLC
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹4,886.96 Cr | ₹4,379.21 Cr | ₹381.04 Cr | ₹0.86 Cr |
| 31 March 2024 | ₹5,537.39 Cr | ₹4,984.28 Cr | ₹416.79 Cr | – |
| 31 March 2025 | ₹4,931.45 Cr | ₹4,198.63 Cr | ₹553.14 Cr | – |
| 30 June 2025 | ₹1,316.43 Cr | ₹1,089.21 Cr | ₹168.09 Cr | – |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 42.65% |
| ROCE | 56.78% |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
| Market Capitalization | – |
| Pre IPO | Post IPO | |
| EPS (₹) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- The entire IPO amount will go to the Promoter Selling Shareholder, after deducting offer-related expenses and taxes. The company will not receive any funds from this Offer since it is a pure Offer for Sale (OFS).
Tenneco Clean Air IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Bosch Ltd | 57.39 |
| 2 | 10 | Timken India Ltd | 49.22 |
| 3 | 10 | SKF India Ltd | 19.21 |
| 4 | 5 | ZF Commercial Vehicle Control System India Ltd | 53.67 |
| 5 | 2 | Sharda Motor Industries Ltd | 9.67 |
| 6 | 1 | Gabriel India Ltd | 75.92 |
| 7 | 2 | Uno Minda Ltd | 75.11 |
| 8 | 10 | Sona BLW Precision Forgings Ltd | 46.49 |
✅Strengths
- Backed by the global Tenneco Group with strong technology support.
- Diversified product range across clean air, powertrain, and suspension systems.
- Established OEM relationships across passenger, commercial, and off-highway vehicles.
- 12 manufacturing plants located near key auto hubs for efficient supply.
- R&D focus supporting evolving emission standards.
⚠️Risks
- Pure OFS – company won’t receive IPO funds.
- Business performance depends heavily on automotive industry demand.
- High customer concentration with key OEMs.
- Requires continuous technology upgrades to meet emission norms.
- Faces strong competition in auto components market.
Tenneco Clean Air IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Tenneco Clean Air IPO Prospectus
Company Contact Information
| 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/ |
Tenneco Clean Air IPO Registrar
| MUFG Intime India Pvt.Ltd. Phone: +91-22-4918 6270 Email: tennecocleanair.ipo@in.mpms.mufg.com Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
Tenneco Clean Air IPO Lead Manager(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. Citigroup Global Markets India Private Limited 4. HSBC Securities and Capital Markets (India) Private Limited |
Tenneco Clean Air IPO FAQs
| What is Tenneco Clean Air IPO? Tenneco Clean Air IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on the BSE & NSE. |
| When will Tenneco Clean Air IPO open? The IPO is to open on 12 November 2025 for QIB, NII, and Retail Investors. |
| What is Tenneco Clean Air IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is Tenneco Clean Air IPO Size? Tenneco Clean Air IPO size is ₹3,600.00 Crore. |
| What is the Tenneco Clean Air IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[], while the maximum bid is [] Shares with ₹[]. |
| What is the Tenneco Clean Air IPO Allotment Date? Tenneco Clean Air IPO allotment date is 17 November 2025. |
| What is the Tenneco Clean Air IPO Listing Date? Tenneco Clean Air IPO listing date is 19 November 2025. The IPO is to be listed on BSE and NSE. |
