Tenneco Clean Air IPO is a book-building issue of ₹3,000 Cr, with an entire offer-for-sale, at a face value of ₹10. The bidding period for the IPO subscription is yet to be announced.
Tenneco Mauritius Holdings Limited, one of the promoters, is the selling shareholder. The Tenneco Clean Air IPO is to be listed on the BSE and the NSE. Other information is yet to be announced.
Tenneco Clean Air IPO Details
Check out Tenneco Clean Air IPO Share price, price band, issue and sale type, and fresh issue, and more of Tenneco Clean Air IPO details in India:
| IPO Open Date | Undisclosed |
| Close Date | Undisclosed |
| Face Value | ₹10 per share |
| Price Band | Undisclosed |
| Issue Price | Undisclosed |
| IPO Lot Size | Undisclosed |
| Sale Type | Offer for sale |
| Offer for Sale | ₹3,000 Cr |
| Fresh Issue | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size (₹ Cr) | ₹3,000 Cr |
| Reserved for Market Maker | Undisclosed |
| Net Offered to Public | Undisclosed |
| Minimum Investment(₹) | Undisclosed |
| Retail Discount | NA |
Tenneco Clean Air IPO Timeline
The Tenneco Clean Air IPO timeline (to be announced):
| IPO Open Date | Undisclosed |
| IPO Closing Date | Undisclosed |
| Tentative Allotment | Undisclosed |
| Initiation of Refunds | Undisclosed |
| Credit of Shares to demat | Undisclosed |
| Tentative Listing Date | Undisclosed |
| Cut-off Time for UPI Mandate Confirmation | 5 PM, On the closing date |
Tenneco Clean Air IPO Grey Market Premium (GMP Today)
The Tenneco Clean Air IPO GMP today is at ₹0. An increasing IPO GMP indicates optimistic investors’ sentiment and the market ahead of the listing.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 4 November 2025 | ₹0 | ₹ (0.00%) | ₹0 | – |
| 3 November 2025 | ₹0 | ₹ (0.00%) | ₹0 | – |
The GMP values are a reflection of real-time market fluctuations for the demand of the IPO, based on subscription level and market mood.
What is the Percentage of Tenneco Clean Air IPO GMP?
The Grey Market Premium (GMP) for Tenneco Clean Air IPO currently stands at ₹0, which means the GMP percentage is 0.00%. There is no estimation of the listing price as of 4 November 2025.
Tenneco Clean Air IPO Reservation
The Tenneco Clean Air IPO has made the following reservations for the QIBs, retail investors, and NIIs.
| Category | % of Shares Offered | Shares offered |
| Anchor Investors | – | – |
| Market Maker | – | – |
| QIBs | Not more than 50% | – |
| Retail Investors | Not less than 35% | – |
| NII (HNI) | Not less than 15% | – |
| Total Shares Offered | 100% | – |
Tenneco Clean Air Key Performance Indicator
Here’s an overview of KPIs and qualitative factors of Tenneco Clean Air, including ROE, EBITDA, and PAT margin of the past three years.
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 42.65 | 38.05 | 32.88 |
| ROCE (%) | 56.78 | 45.40 | 56.78 |
| Debt to Equity Ratio (in times) | (0.17) | (0.17) | (0.31) |
| RoNW (%) | 46.65 | 33.40 | 28.75 |
| PAT Margin (%) | 11.31 | 7.62 | 7.89 |
| EBITDA Margin (%) | 16.67 | 11.19 | 11.82 |
| Price Book Value | – | – | – |
Tenneco Clean Air Financials
| Aspect | 2024 (₹ Cr) | 2023 (₹ Cr) | 2022 (₹ Cr) |
| Revenue | 4,931.45 | 5,537.39 | 4,886.96 |
| Total Asset | 2,831.58 | 2,136.26 | 2,429.64 |
| Profit | 5,531.43 | 4,167.87 | 3,810.43 |
Tenneco Clean Air IPO Lot Size
A breakdown of the Tenneco Clean Air IPO lot size and its requirements for minimum investment based on the investor categories:
| Application | Lot Size | Shares | Amount(in ₹) |
| Individual investors (Retail) (Min) | – | – | – |
| Individual investors (Retail) (Max) | – | – | – |
| S-HNI (Min) | – | – | – |
| S-HNI (Max) | – | – | – |
| B-HNI (Min) | – | – | – |
Tenneco Clean Air Promoter Holding
Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty Ltd., Tenneco LLC. are the promoters of Tenneco Clean Air Ltd. Their pre-issue and post-issue holdings are as stated below:
| Pre-Issue Promoter Holding | 100% |
| Post-Issue Promoter Holding | – |
Tenneco Clean Air IPO Anchor Investors Details
This table reflects the funds raised from the anchor investors through the Tenneco Clean Air IPO.
| Bid Date | – |
| Shares Offered | – |
| Anchor Portion Size (In Cr.) | – |
| Anchor lock-in period end date for 50% shares (30 Days) | – |
| Anchor lock-in period end date for remaining shares (90 Days) | – |
Tenneco Clean Air IPO Prospectus
For more information regarding the Tenneco Clean Air IPO, check out the official documents filed with SEBI.
| DRHP (Doc) | |
| RHP (Doc) | Undisclosed |
| IPO Final Prospectus | Undisclosed |
| Anchor Investors | Undisclosed |
About Tenneco Clean Air Ltd.
| Founded in | 21 December 2018 |
| Chairman | Niranjan Kumar Gupta |
| Parent Organisation | Tenneco Clean Air India Limited |
| Services Provided | Clean Air Solutions, Ride Performance Systems, Powertrain Components, and Sealing and Bearing Solutions |
| Book running lead manager | JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and HSBC Securities and Capital |
| Registrar of the issue | MUFG Intime India Private Limited |
Objectives of the Tenneco Clean Air IPO
The Tenneco Clean Air IPO exclusively comprises an offer for sale issue, with all shares being divested by Tenneco Mauritius Holding Ltd. Consequently, the entire net proceeds from the IPO will accrue to the Promoter Selling Shareholder, who will also bear all associated costs and taxes.
Strength Of Tenneco Clean Air Ltd.
- Market Leader Energy: The company is a leading supplier of clean air, powertrain, and suspension solutions with a dominating market share across passenger, commercial, and off-highway vehicles.
- Built-Different Partnerships: The company’s strong, long-term relationships with major Indian and global OEMs enable stable revenues and expansion across multiple vehicle categories.
- Innovation is the Code: The company’s advanced manufacturing, engineering, and R&D capabilities drive innovation, product quality, and compliance, along with evolving emission and performance standards.
- Diversified and Thriving: The company’s diversified product portfolio and global presence reduce its dependency on specific customers or segments, ensuring operational efficiency and growth.
Risk of Tenneco Clean Air Ltd.
- Internal Controls Gaps: The company has instances of weak segregation of duties and vendor payment oversight, leading to financial misstatements, requiring tighter audit and monitoring systems.
- Compliance and Governance Issues: The company’s delays in statutory filings and annual meeting procedures may invite regulatory scrutiny and potential penalties.
- Regulatory & Policy Uncertainty: The frequent changes in automotive emission norms, taxation, and environmental standards impact the company’s operations, costs, and product compliance timelines.
- Global Market Dependence: The company’s involvement in foreign exchange volatility, supply chain disruptions, and international demand shifts may affect profitability and stability.
Tenneco Clean Air IPO Review
Tenneco Clean Air Ltd. is a strong player in automotive components with steady profits and trusted global promoters. The company shows consistent returns, reliable client ties, and growth in clean air and ride performance systems.
Still, since it’s a pure offer for sale, funds won’t support future expansion. Investors should weigh its stable numbers and industry reach against risks tied to compliance, regulation, and foreign dependence.
Other Recent IPO List
Check out more ongoing and upcoming IPOs in India, 2025:
| Finbud Financial Services IPO | Orkla India IPO |
| Lenskart Solutions IPO | Jayesh Logistics IPO |
| Studds Accessories Ltd. IPO | Game Changers Texfab IPO |
| Safecure IPO | Shreeji Global FMCG |
Tenneco Clean Air IPO FAQ‘s
The Tenneco Clean Air IPO is a ₹3,000 Cr book-built issue of full offer for sale by the company’s promoter, Tenneco Mauritius Holdings Limited, to be listed on BSE and NSE.
Investors can apply for the Tenneco Clean Air IPO through their banks using ASBA or through UPI on trading platforms that support IPO applications.
The Tenneco Clean Air India IPO presents a mixed profile with significant strengths and risks, so whether it is good or bad depends on an individual investor’s risk tolerance and investment horizon.
The returns from Tenneco Clean Air IPO will depend on market demand and listing sentiment. The current GMP is ₹0, which shows no early premium signals.
The Tenneco Clear Air IPO open and close dates are yet to be officially announced. The updates shall follow after confirmation by SEBI.
The Tenneco Clear Air IPO lot size and minimum investment details have not been disclosed yet.
The Tenneco Clear Air IPO allotment details shall be available after the final RHP releases.
The Tenneco Clear Air IPO is to be listed on the BSE and NSE after the issue closure. The timeline or listing date shall be announced later.
