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Tenneco Clean Air IPO
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Tenneco Clean Air Limited IPO Details
Tenneco Clean Air Limited IPO Overview
Tenneco Clean Air Limited IPO date
Tenneco Clean Air Limited IPO will open for subscription on November 12, 2025, and the closing date for the IPO is November 14, 2025. After this, investors are expected to be updated about the allotment status on November 17, 2025.
Investors who have been allotted shares can expect them to be credited to their demat account on November 18, 2025. The shares will be listed on the NSE and the BSE on Wednesday, November 19, 2025.
Tenneco Clean Air Limited IPO price band
The IPO is complete offer for sale. The IPO price band has been set between ₹378 to ₹397 per share. Interested investors can choose a price within this band to apply for the IPO.
The IPO is a book-building issue, comprising an offer for sale of ₹3,600 crore. Tenneco Clean Air Limited's IPO listing price will be determined on November 19, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.
Tenneco Clean Air Limited IPO lot size
Tenneco Clean Air Limited IPO details have been declared. The minimum lot size for an application is 37 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹3,600 crore.
Checklist
Objectives
Strength and Weakness
In FY25, it commanded a 57% share in clean air solutions for commercial transport and 68% in off-highway vehicles, besides being among the top four suppliers for passenger vehicles at 19% market share. It also leads the shock absorbers and struts segment with a 52% share in PVs. The company served 101 OEM customers as of June 2025, including all top seven PV and top five CT OEMs in India.
The company’s dual business verticals-clean air & powertrain solutions and advanced ride technologies accounted for 56.28% % and 43.72% as of June 2025, respectively. Its product mix spans across catalytic converters, bearings, sealings, spark plugs, and suspension systems. The company caters to PV, CV, and industrial segments with revenue contribution of 63.87% from PV, 22.76% from CV, and 6.11% from industrial/others as of June 2025. The inclusion of aftermarket and exports provides a natural hedge against cyclicality and strengthens earnings resilience.
Backed by the global Tenneco Group’s 5,000+ patents and 7,500 trademarks, the company benefits from shared innovation and cross-deployed technologies. Its two India-based R&D centres in Pune and Hosur are equipped for simulation, testing, and prototyping for localised solutions. Notable achievements include the first electronic suspension system for Mahindra EVs and the development of 45 BS6-compliant products across 26 platforms in just 13 months, reflecting strong innovation speed and adaptability to evolving emission norms.
The company has 12 manufacturing facilities across 7 states and 1 union territory, including major hubs in Maharashtra, Tamil Nadu, NCR, and Gujarat. It operates seven clean air & powertrain solutions facilities and five advanced ride technology facilities, as of June 30, 2025. Further, 83.54% of its raw materials (excluding substrates) were sourced domestically in FY25, optimising costs and mitigating import dependence. Its automated plants deliver 99%+ on-time delivery and defect rates below 2 parts per million, highlighting strong operational discipline.
About Tenneco Clean Air Limited
IPO Analysis







