Bookbuilding IPO | ₹3,600 Cr | Listed at BSE, NSE
Tenneco Clean Air IPO is a book build issue of ₹3,600.00 crores. The issue is entirely an offer for sale of 9.07 crore shares of ₹3,600.00 crore.
Tenneco Clean Air IPO bidding started from Nov 12, 2025 and ended on Nov 14, 2025. The allotment for Tenneco Clean Air IPO was finalized on Nov 17, 2025. The shares got listed on BSE, NSE on Nov 19, 2025.
Tenneco Clean Air IPO price band is set at ₹397 per share. The lot size for an application is 37. The minimum amount of investment required by an retail is ₹14,689 (37 shares) (based on upper price). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,05,646, and for bNII, it is 69 lots (2,553 shares), amounting to ₹10,13,541.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tenneco Clean Air IPO RHP for detailed Information.
IPO Open
Wed, Nov 12, 2025
IPO Close
Fri, Nov 14, 2025
Issue Price
₹397 per share
Market Cap (Pre-IPO)
₹16,023.09 Cr
| IPO Date | 12 to 14 Nov, 2025 |
| Listed on | Wed, Nov 19, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹378 to ₹397 |
| Issue Price | ₹397 per share |
| Lot Size | 37 Shares |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 9,06,80,100 shares (agg. up to ₹3,600 Cr) |
| Share Holding Pre Issue | 40,36,04,309 shares |
| Share Holding Post Issue | 40,36,04,309 shares |
| BSE Script Code / NSE Symbol | 544612 / TENNIND |
| ISIN | INE19RI01016 |
Tenneco Clean Air IPO offers total 9,06,80,100 shares. Out of which 4,53,40,050 (50.00%) allocated to QIB, 1,81,36,020 (20.00%) allocated to QIB (Ex- Anchor), 1,36,02,015 (15.00%) allocated to NII 3,17,38,035 (35.00%) allocated to RII and 2,72,04,030 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 4,53,40,050 (50.00%) | NA |
| − Anchor Investor Shares Offered | 2,72,04,030 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,81,36,020 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,36,02,015 (15.00%) | NA |
| − bNII > ₹10L | 90,68,010 (10.00%) | 17,505 |
| − sNII < ₹10L | 45,34,005 (5.00%) | 8,752 |
| Retail Shares Offered | 3,17,38,035 (35.00%) | 8,57,784 |
| Total Shares Offered | 9,06,80,100 (100.00%) |
Investors can bid for a minimum of 37 shares and in multiples thereof.
| Application | Lots | Shares | 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 IPO raises ₹1,080.00 crore from anchor investors. Tenneco Clean Air IPO Anchor bid date is November 11, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 11, 2025 |
| Shares Offered | 2,72,04,030 |
| Anchor Portion (₹ Cr.) | 1,080.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Dec 16, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Feb 14, 2026 |
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain products for automotive applications. The company operates within the Clean Air division, focusing on emission control technologies for both light and commercial vehicles.
In India, Tenneco Clean Air provides advanced exhaust and after-treatment systems, helping vehicle manufacturers meet increasingly stringent emission norms such as Bharat Stage VI. Its product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.
The company has manufacturing facilities strategically located across India to support OEMs and Tier 1 customers. It emphasizes sustainability, innovation, and compliance with environmental regulations through advanced R&D and engineering capabilities.
As of March 31, 2025, the company have 12 manufacturing facilities, comprising seven Clean Air & Powertrain Solutions facilities and five Advanced Ride Technology facilities, across seven states and one union territory in India.
Products:
As of March 31, 2025, the company had 145 employees dedicated to the design, engineering and R&D department.
Competitive Strengths:
Tenneco Clean Air India Ltd.'s revenue decreased by 11% and profit after tax (PAT) rose by 33% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,918.77 | 2,831.58 | 2,136.26 | 2,429.65 |
| Total Income | 1,316.43 | 4,931.45 | 5,537.39 | 4,886.96 |
| Profit After Tax | 168.09 | 553.14 | 416.79 | 381.04 |
| EBITDA | 228.88 | 815.24 | 612.09 | 570.63 |
| NET Worth | 1,250.38 | 1,255.09 | 1,116.59 | 1,378.82 |
| Reserves and Surplus | 1,204.30 | 1,208.76 | 767.26 | 896.05 |
| Total Borrowing | 0.86 | |||
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 42.65% |
| ROCE | 56.78% |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
| Price to Book Value | 12.77 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.71 | 16.66 |
| P/E (x) | 28.97 | 23.83 |
| Promoter Holding | 97.25% | 74.79% |
| Market Cap | ₹16,023.09 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Banker(s) to the Offer and brokerage, underwriting and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 6.43 |
| 2 | Printing and distribution of Offer stationery | 1.82 |
| 3 | Regulatory filing fees, book building software fees, listing fees etc | 14.48 |
| 4 | Fee payable to Statutory Auditor, namely, Deloitte Haskins and Sells LLP | 6.91 |
| 5 | Fees payable to other intermediaries (including Independent Chartered Engineers, Industry expert) | 29.99 |
| 6 | Fee payable to legal counsels | 22.27 |
| 7 | Miscellaneous | 14.54 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹397.00 | ₹397.00 |
| Open | ₹498.00 | ₹505.00 |
| Low | ₹479.75 | ₹480.10 |
| High | ₹517.00 | ₹517.00 |
| Last Trade | ₹491.20 | ₹490.80 |
Lead Manager Reports
Tenneco Clean Air IPO is a main-board IPO of 9,06,80,100 equity shares of the face value of ₹10 aggregating up to ₹3,600 Crores. The issue is priced at ₹397 per share. The minimum order quantity is 37.
The IPO opens on Wed, Nov 12, 2025, and closes on Fri, Nov 14, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tenneco Clean Air IPO using UPI as a payment gateway. Zerodha customers can apply in Tenneco Clean Air IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tenneco Clean Air IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tenneco Clean Air IPO opens on Wed, Nov 12, 2025 and closes on Fri, Nov 14, 2025.
Tenneco Clean Air IPO lot size is 37, and the minimum amount required for application is ₹14,689.
You can apply in Tenneco Clean Air IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tenneco Clean Air IPO will be done on Monday, November 17, 2025, and the allotted shares will be credited to your demat account by Tue, Nov 18, 2025. Check the Tenneco Clean Air IPO allotment status.
The Tenneco Clean Air IPO listing date is on Wed, Nov 19, 2025.
