Price Band Set at ₹378–₹397 per Share; Listing on NSE and BSE Slated for November 19
Tenneco Clean Air India IPO: ₹3,600 Crore Offer Opens Nov 12 — Should You Subscribe?
Auto Component Giant Tenneco Clean Air India Hits D-Street with ₹3,600 Cr IPO!
Tenneco Clean Air India Eyes Global Hub Status — Big Plans Behind Its Upcoming IPO!
“₹95 GMP Buzz! Tenneco Clean Air India IPO Set to Rev Up Investor Interest
Bilkul Bazaar
Ahmedabad | 11 Nov 2025
Tenneco Clean Air India Limited, a leading manufacturer of emission control systems and a subsidiary of US-based Tenneco Inc., is set to launch its ₹3,600 crore Initial Public Offering (IPO) on Wednesday, November 12, 2025, closing on Friday, November 14, 2025.
The IPO, entirely an Offer for Sale (OFS) by Tenneco Mauritius Holdings Limited, comprises up to 9.06 crore equity shares of face value ₹10 each. The price band has been fixed at ₹378–₹397 per share, with a minimum bid of 37 shares (₹14,689 at the upper band). The Anchor Investor bidding will open on November 11, 2025, and shares are expected to be listed on the BSE and NSE on November 19, 2025.
JM Financial Ltd, Citigroup Global Markets India Pvt Ltd, Axis Capital Ltd, and HSBC Securities & Capital Markets (India) Pvt Ltd are the Book Running Lead Managers (BRLMs) to the issue.
Speaking at a media interaction in Ahmedabad, Rishi Verma, President, Whole-Time Director & CEO of Tenneco Clean Air India, said:
“This IPO marks a major step in Tenneco Clean Air India’s journey toward becoming an even stronger player in the global clean mobility space. We are focused on further establishing India as a central hub for exports, leveraging our access to global customers and manufacturing capabilities to serve international markets efficiently and cost-effectively, while maintaining world-class standards.”
The company, which operates 12 manufacturing facilities across India, serves a diverse customer base of 119 clients, including all top seven passenger vehicle OEMs and all top five commercial vehicle OEMs in India, based on FY24 sales volumes as per the CRISIL report. Its average relationship with the top 10 customers exceeds 19 years, underscoring its deep integration with the Indian automotive ecosystem.
Tenneco Clean Air India operates two R&D technical centers in India, designed to cater to both domestic and global markets. These are integrated into Tenneco Group’s vast network of 39 global engineering and technical centers, of which 12 support the Clean Air & Powertrain Solutions division and 10 support the Advanced Ride Technologies division.
Arvind Chandrasekharan, Senior Vice President, emphasized the company’s human capital and commitment to standards:
“Our 1,900 permanent employees are the cornerstone of our operational excellence. Continuous training, quality focus, and workplace safety have been integral to sustaining our leadership in emission control systems.”
Mahender Chhabra, Chief Financial Officer, highlighted the company’s performance and operational resilience:
“Even with an 11% decline in FY25 revenue to ₹4,931 crore, our profit after tax rose 33% to ₹553 crore — reflecting our focus on cost efficiency and value engineering. Our strong customer relationships and disciplined execution have enabled us to navigate market shifts effectively.”
Ten out of Tenneco’s 12 manufacturing facilities are IATF 16949 certified for Quality Management Systems (QMS), ISO 14001 for Environmental Management Systems (EMS), and ISO 45001 for Occupational Health and Safety (OHSMS). The company has been repeatedly recognized at the Quality Circle Forum of India (QCFI) — with its Hosur, Chakan, Chennai, and Pithampur facilities winning regional awards for Quality Excellence and Best Quality Control Story in FY23 and FY24. The Chakan plant alone received four Gold Awards for safety case studies and employee participation in FY24 and FY25.
The Grey Market Premium (GMP) for Tenneco Clean Air India’s IPO stood at around ₹95 per share (about 24%) as of November 7, 2025, reflecting strong investor appetite. Post-issue, promoter shareholding will reduce from 97.25% to 74.79%.
The offer is being made through the Book Building Process, in compliance with SEBI ICDR Regulations, with 50% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors.
Kindly Like the shared links and Subscribe BILKUL BAZAAR channel. https://youtube.com/shorts/H9zADViKLx4?feature=share https://youtube.com/shorts/U21aWrmPAwI?feature=share https://youtube.com/shorts/kbUsDKDJC0o?feature=share https://youtube.com/shorts/Y1WVXTcjiM4?feature=share https://youtu.be/N6isZfTvJDw