Tenneco Clean Air IPO: Date, Price Band, & Company Details
Tenneco Clean Air India, a leading global Tier I automotive component supplier and part of the US-based Tenneco Group, is launching its Initial Public Offering (IPO) on November 12, 2025. The public issue, which will close on November 14, 2025, is a complete Offer for Sale (OFS) of shares by its promoter, aiming to raise Rs 3,600 crore.
About Tenneco Clean Air India
Established in India in 1979, Tenneco Clean Air is a key player in the automotive industry, specialising in the design and manufacturing of advanced solutions that cater to the evolving needs of the sector. The company has a strong market position and serves a wide range of top Indian and global original equipment manufacturers (OEMs).
Key Business Highlights
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Diverse Product Portfolio: Tenneco India is a leader in providing a wide range of automotive solutions across three main verticals:
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Clean Air: Manufacturing advanced emission control systems.
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Powertrain: Supplying critical components for vehicle engines.
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Advanced Ride Technologies: Producing high-quality shock absorbers and struts.
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Strong Market Leadership: The company holds a dominant market share in several key product categories in India. This includes a 57% share in clean air solutions for commercial trucks, 68% for off-highway vehicles, and a 52% share in shock absorbers and struts for passenger vehicles.
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Extensive Manufacturing Footprint: As of June 2025, Tenneco India operates 12 manufacturing facilities and two R&D technical centers across seven states in India. This extensive network allows it to serve as a major manufacturing and export hub for North America, Europe, Asia-Pacific, and Africa.
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Prestigious Clientele: The company's customer base includes some of the biggest names in the automotive industry, such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, and Ashok Leyland.
Tenneco Clean Air IPO Details (2025)
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IPO Open Date: November 12, 2025
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IPO Close Date: November 14, 2025
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Listing Date: November 19, 2025 (Tentative).
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Price Band: Rs 378 – Rs 397 per share.
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Issue Size: Rs 3,600 crore (entirely an Offer for Sale).
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Lot Size: 37 Shares.
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Minimum Investment (Retail): Rs 14,689 at the upper price band.
IPO Structure & Utilisation
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Offer for Sale: The IPO is a complete OFS, with promoter Tenneco Mauritius Holdings selling its stake. This means the company itself will not receive any proceeds from the public issue; all funds will go to the selling shareholder.
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Reservation: The issue has a reservation of 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for retail investors.
Key Dates & Timeline
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Anchor Investor Bidding: November 11, 2025
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IPO Opening: November 12, 2025
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IPO Closing: November 14, 2025
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Allotment Finalisation: November 17, 2025
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Listing on BSE & NSE: November 19, 2025
Frequently Asked Questions (FAQs) about Tenneco Clean Air IPO
Q1: When is the Tenneco Clean Air IPO scheduled to open?
The IPO will be open for subscription from November 12 to November 14, 2025.
Q2: What is the issue size and price band for the IPO?
The total issue size is Rs 3,600 crore, and the price band has been set at Rs 378 to Rs 397 per share.
Q3: What will the funds raised from the IPO be used for?
Since this is entirely an Offer for Sale, the company will not receive any proceeds. The funds will go to the promoter, Tenneco Mauritius Holdings.
Q4: Who are the book-running lead managers for the IPO?
The book-running lead managers for the issue are JM Financial, Citigroup Global Markets India, Axis Bank, and HSBC Securities & Capital Markets (India).