Tenneco Clean Air India Limited IPO Opens On 12 November 2025 Price Band Set At Rs. 378–397 Per Share
MUMBAI, 07 NOVEMBER, 2025 : Gurugram-based Tenneco Clean Air India Limited, a subsidiary of Tenneco Inc. will open it’s IPO on Wednesday November 12 and will close on Friday, November 14. The price band has been fixed in the range of Rs.378 to Rs.397 per equity share of the face value of Rs.10. The anchor book will open on Tuesday, November 11. The IPO lot size is 37 equity shares and in multiples of 37 equity shares thereafter.
The company has raised its IPO size to Rs.3,600 crore, an increase from the previously planned Rs.3,000 crore as stated in the DRHP filed in June 2025.Tenneco Clean Air India Ltd IPO consists entirely of an offer-for-sale by the promoter, Tenneco Mauritius Holdings, with no component for fresh issuance, according to the Red Herring Prospectus submitted to the Registrar of Companies on November 5.Tenneco Clean Air India will not benefit from any proceeds of the IPO, as all funds will be allocated to its promoter.
Tenneco Clean Air India IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.The Management Team of Tenneco Clean Air India Limited Mr. Arvind Chandrasekharan, Whole-Time Director and Chief Executive Officer, Tenneco Clean Air India Limited;Mr. Mahender Chhabra, Chief Financial Officer, Tenneco Clean Air India Limited;Mr. Rishi Verma, President (India), Tenneco Clean Air India Limited; Mr. Deepak Garg, Director, M&A, Tenneco Clean Air India Limited interacted with Sachin P.M of NH during the IPO announcement in Mumbai.
Financially, Tenneco Clean Air recorded a profit of Rs.167.8 crore for the quarter that ended in June 2025, reflecting a 12% increase from Rs.150 crore during the same timeframe in the previous fiscal year. During the same period, revenue rose by 1.2% to Rs.1,285.6 crore, up from Rs.1,270.8 crore.
In fiscal year 2025, the profit surged by 32.5% to Rs.552 crore, compared to Rs.416.7 crore in the prior year, despite lower revenue, bolstered by strong operational metrics with a decline in raw material costs and other expenses. Revenue for that year decreased by 10.6% to Rs.4,890.4 crore, down from Rs.5,467.6 crore
The merchant bankers managing the Tenneco Clean Air India IPO include JM Financial, Citigroup Global Markets India, Axis Capital, and HSBC Securities and Capital Markets (India). MUFG Intime India Pvt Ltd serves as the registrar for the issue.
Tenneco Clean Air India will tentatively debut on the bourse’s with it’s listing at the NSE and BSE on Wednesday, November 19, 2025.
Tenneco Clean Air India is a division of the Tenneco Group, an automotive component supplier based in the United States.Its first manufacturing plant in India was established in 1979 at Parwanoo.The company produces and delivers essential, highly specialized, and technology-driven clean air, powertrain, and suspension solutions designed for Indian original equipment manufacturers (OEMs) as well as export markets.With 12 production facilities, Tenneco Clean Air provides clean air, powertrain, and suspension solutions for both automotive and industrial sectors, and it markets aftermarket products through its affiliate, Motocare India, claiming to be the leading supplier of clean air solutions to commercial truck OEMs and shock absorbers and struts for passenger vehicle OEMs in India. The company catered to 119 clients in fiscal year 2025, including prominent companies such as Ashok Leyland, Bajaj Auto, Cummins India, Daimler India Commercial Vehicle, Honda Motorcycle and Scooter India, Hyundai Motor India, John Deere India, Mahindra & Mahindra, Maruti Suzuki India, Royal Enfield, Tata Motors, and Toyota Kirloskar Motor.