Tenneco Clean Air India Limited IPO
Tenneco Clean Air India Limited IPO
Price Band
₹378 - ₹397
Total Issue
₹3,600.00 Cr
Bid Dates
12 Nov - 14 Nov
Subscription
58.83x
Est. GMP
₹104 (26.20%)
Tentative Timetable
Business Overview
Tenneco India, part of the U.S.-headquartered Tenneco Group (a leading global Tier I automotive component supplier with US$16.8 billion revenue in 2024), has been operating in India since 1979 with its first plant at Parwanoo. The company provides advanced clean air, powertrain, and suspension solutions for Indian and global OEMs across passenger, commercial, and industrial vehicle segments. Through its divisions—Clean Air & Powertrain Solutions and Advanced Ride Technologies—it offers catalytic converters, engine components, and suspension systems under the Champion and Monroe brands, catering to both OEM and aftermarket customers, including Motocare India.
Lot Info
| Category | 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 |
Category Reservation
Issue Size
Objects of Issue
The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 19 Nov | ₹104 (26.2%) | ₹501 |
| 18 Nov | ₹103 (25.9%) | ₹500 |
| 17 Nov | ₹121 (30.5%) | ₹518 |
| 16 Nov | ₹122 (30.7%) | ₹519 |
| 15 Nov | ₹123 (31%) | ₹520 |
| 14 Nov | ₹115 (29%) | ₹512 |
| 13 Nov | ₹76 (19.1%) | ₹473 |
| 12 Nov | ₹78.5 (19.8%) | ₹475.50 |
| 11 Nov | ₹64 (16.1%) | ₹461 |
| 10 Nov | ₹70 (17.6%) | ₹467 |
| 09 Nov | ₹67 (16.9%) | ₹464 |
| 08 Nov | ₹66 (16.6%) | ₹463 |
| 07 Nov | ₹87 (21.9%) | ₹484 |
| 06 Nov | ₹96 (24.2%) | ₹493 |
Tenneco Clean Air IPO Peer Comparison
(Rs. in crores)
| Particulars | Tenneco | Bosch | Timken India | SKF India | ZF Commercial | Sharda Motor | Gabriel India | Uno Minda | Sona BLW |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 4,890.43 | 18,087.40 | 3,147.81 | 4,919.90 | 3,830.96 | 2,836.57 | 4,063.38 | 16,774.61 | 3,546.02 |
| PAT (In Crs.) | 553.14 | 2,013.00 | 447.39 | 565.91 | 460.73 | 314.92 | 244.98 | 1,020.57 | 599.69 |
| EPS | 13.68 | 683.25 | 59.48 | 114.50 | 242.90 | 109.71 | 17.05 | 16.37 | 9.92 |
| NAV | 31.10 | 4,682.16 | 378.21 | 525.50 | 1,694.75 | 184.97 | 82.38 | 95.99 | 88.38 |
| RONW | 46.65% | 15.58% | 17.00% | 21.43% | 15.35% | 30.46% | 22.42% | 18.36% | 14.76% |
| EBITDA | 16.76% | 12.77% | 20.39% | 17.21% | 19.29% | 13.97% | 9.64% | 11.17% | 27.50% |
| PAT | 11.31% | 11.13% | 14.21% | 11.50% | 12.03% | 11.10% | 6.03% | 6.08% | 16.91% |
| PE Ratio | 29.02 | 57.39 | 49.22 | 19.21 | 53.67 | 9.67 | 75.92 | 75.11 | 88.38 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of October 20, 2025 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue from Operations | 1,285.62 | 4,890.43 | 5,467.61 | 4,827.37 |
| Profit after Tax | 168.09 | 553.14 | 416.79 | 381.04 |
| Net Worth | 1,250.38 | 1,255.09 | 1,116.59 | 1,378.82 |
| Total Borrowing | - | - | - | 13.97 |
| Total Assets | 2,918.77 | 2,831.58 | 2,136.26 | 2,429.65 |
| NAV per share (in ₹) | 30.98 | 31.10 | 27.67 | 27.42 |
| EPS - Basic (in ₹) | 4.16 | 13.68 | 8.90 | 7.58 |
KPIs
EBITDA
18.61%
PAT
11.31%
ROE
42.65%
ROCE
56.78%
Debt to Equity
-0.17
PE Ratio
29.02
PB Ratio
12.77
Mkt Cap (in Crs.)
16,023.09
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
97.26%
Public
2.74%
Management
Subscription Status
Updated as on 14-Nov-2025 19:00:00
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 174.78 | 1,81,36,020 | 3,16,98,44,427 |
| NII | 42.79 | 1,36,02,015 | 58,20,17,659 |
| bHNI | 49.38 | 90,68,010 | 44,77,45,658 |
| sHNI | 29.61 | 45,34,005 | 13,42,72,001 |
| Retail | 5.37 | 3,17,38,035 | 17,02,75,665 |
| Total | 61.79 | 6,34,76,070 | 3,92,21,37,751 |
Frequently Asked Questions
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How to apply Tenneco Clean Air IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Tenneco Clean Air IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Tenneco Clean Air IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Tenneco Clean Air IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date