IPO Details
Bidding Dates
12 Nov 25 - 14 Nov 25
Price Range ₹
378 - 397
Total Equity
₹ 0.00 Cr
Lot Size
37
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
5.11×
Qualified Institutional Buyers
166.42×
Employees
0.00×
Retail Investors
5.11×
Total subscription Rate
58.83×
IPO Timeline
Offer start
12 Nov 2025
Offer end
14 Nov 2025
Allotment
17 Nov 2025
Refund initiation
18 Nov 2025
Demat transfer
18 Nov 2025
Listing
19 Nov 2025
Offer start
12 Nov 2025
Offer end
14 Nov 2025
Allotment
17 Nov 2025
Refund initiation
18 Nov 2025
Demat transfer
18 Nov 2025
Listing
19 Nov 2025
About Company
Tenneco Clean Air India Limited, incorporated in 2018, is a subsidiary of Tenneco Inc., a global leader in clean air and powertrain technologies. The company specializes in designing and manufacturing emission control and exhaust after-treatment systems such as catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes for both light and commercial vehicles. It also operates in the Advanced Ride Technologies division, producing shock absorbers, struts, and suspension systems to serve major Indian and global OEMs, ensuring compliance with Bharat Stage VI emission standards.With 12 manufacturing facilities spread across seven states and one union territory, the company has a strong localized supply chain and R&D presence with 145 dedicated engineers. Despite an 11% drop in revenue in FY2025, it achieved a 33% growth in profit after tax, reflecting operational strength and margin improvement. Backed by Tenneco’s global innovation and sustainable technology, the company is well-positioned to capitalize on India’s growing demand for cleaner and more efficient automotive solutions.
Year Founded
21-12-2018
Promotor Details
Niranjan Gupta
Project Details
- None - Nonecr
Objectives
- (i) to carry out the Offer for Sale of up to [?] Equity Shares of face value of ? 10 each by the Promoter Selling Shareholder aggregating up to ? 36,00 million(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Highlights
- Supported by Tenneco Inc., enabling access to advanced global R&D and proven emission control technologies.
- Operates in both Clean Air & Powertrain and Advanced Ride Technologies, reducing dependency on a single segment.
- Operates mainly as a B2B supplier, limiting retail recognition compared to OEM peers.
- Steel and metal price fluctuations could affect margins, given the manufacturing-intensive nature.
- Expertise in emission and suspension systems positions the company well amid stricter environmental regulations.
Challenges
- FY2025 saw an 11% drop in total income, indicating short-term demand pressure or cost challenges.
- Any slowdown in auto production or regulatory delays may directly impact performance.
- PAT increased by 33% YoY with robust EBITDA margin of 16.67% and ROCE of 56.78%, reflecting high profitability.
- 12 facilities across India ensure efficient supply chain integration with OEMs.
- Faces competition from domestic and global players in emission control and suspension systems.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 24,214.16 | 3,134.06 | 3,810.43 | 3,810.79 | 12.1593 |
| 2025 | 28,097.58 | 4,036.04 | 3,810.43 | 3,810.79 | 12.1593 |
| 2024 | 21,239.65 | 2,140.89 | 5,531.43 | 5,520.63 | 13.6783 |
