Tanneco Clean Air India IPO Details
Tenneco Clean Air India Ltd. has received SEBI approval for its Initial Public Offer (IPO) on October 3, 2025. With this nod, the company will move forward with the next steps to launch its IPO, subject to market conditions and other statutory clearances. The approval remains valid for 12 months.
The proposed Tenneco Clean Air India IPO will be a Book-Built Issue of Rs. 3,000 crore, consisting entirely of an Offer for Sale (OFS) by existing shareholders.
The equity shares are proposed to be listed on both NSE and BSE. JM Financial Ltd. is the Book Running Lead Manager (BRLM), while MUFG Intime India Pvt. Ltd. will act as the Registrar to the issue.
Key details such as the IPO opening and closing dates, price band, and lot size will be announced in due course.
🕗 Last Update: 13 October 2025, 6.00 AM
IPO Key Dates
| IPO Opens on | Oct, 2025 |
| IPO Closes on | Oct, 2025 |
| Allotment on | Oct, 2025 |
| Initiation of Refunds | Oct, 2025 |
| Credit of Shares | Oct, 2025 |
| Listing Date | Oct, 2025 |
Subscription updates:
The promoters
Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty Ltd and Tenneco LLC are the promoters of the company.
The promoters hold 100 % shares in the pre-IPO capital of the company.
Objects of IPO
The IPO consists fresh issue of capital and an offer for sale
The Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding capital expenditure requirements for setting up new project in their subsidiary viz. ALCU
- Repayment/prepayment, in full or part, of all or certain outstanding borrowings availed by the Company
- General corporate purposes.
Business :
IPO Details
| Opens On | ? October 2025 |
| Closes on | ? October 2025 |
| Face Value | Rs.10 |
| Issue Price Band | Rs.? |
| Lot Size | ? Shares |
| Sale Type | Offer for Sale |
| Total Issue Size | ? shares |
| Total Issue Size | Rs. 3000 Cr |
| Employee Discount | Rs. 0 |
| Shareholder Discount | Rs. 0 |
| Listing At | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 50% of the Net Offer |
| Retail Shares Offered | Not more than 35% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
How Shares can be applid?
| Application | Lots | Shares | Amount Rs. |
| Retail (Min) | |||
| Retail (Max) | |||
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) |
How to check Allotment Status
Allotment of this IPO will be announced on ? October 2025 and the link to check allotment is given below:
https://linkintime.co.in/Initial_Offer/public-issues.html
| Registered Office of the company Tenneco Clean Air India Ltd. RNS2, Nissan Supplier Park SIPCOT Industrial Park, Oragadam Industrial Corridor Sriperumbudur Taluk, Kancheepuram, Tamil Nadu, 602105 Email: TennecoIndiaInvestors@tenneco.com Website: http://www.tennecoindia.com/ |
|
| The Lead Managers JM Financial Ltd. Citigroup Global Markets India Pvt.Ltd. Axis Bank Ltd. HSBC Securities & Capital Markets (India) Pvt.Ltd. |
|
| Registrar to IPO | |
| Mufg Intime India Pvt ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 2,831.58 | 2,136.26 | 2,429.65 |
| Total Income | 4,931.45 | 5,537.39 | 4,886.96 |
| Profit After Tax | 553.14 | 416.79 | 381.04 |
| EBITDA | 815.24 | 612.09 | 570.63 |
| Net Worth | 1,255.09 | 1,116.59 | 1,378.82 |
| Reserves and Surplus | 1,208.76 | 767.26 | 896.05 |
| Total Borrowing | 13.97 | ||
| Amount in Rs. Crore | |||
Key Performance Indicators
| KPI | Values |
| ROE | 42.65% |
| ROCE | 56.78% |
| RoNW | 46.65% |
| PAT Margin | 11.31% |
| EBITDA Margin | 16.67% |
Peer Comparison
IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
Chanakya has strong following because of its IPO reviews. We shall update our review for this IPO, once the price band and latest results are available.
Tenneco Clean Air India IPO dates
Tenneco Clean Air India IPO price & Lot
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