Issue Price
₹397
Per Share
GMP
+₹87
+21.91% Grey Market
Est. Listing
₹484
Expected Price
Min. Application
₹29,378
2 lots × 37 shares
Incorporated in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., a global leader in designing and manufacturing clean air and powertrain products for automotive applications. The company operates within the Clean Air division, focusing on emission control technologies for both light and commercial vehicles.In India, Tenneco Clean Air provides advanced exhaust and after-treatment systems, helping vehicle manufacturers meet increasingly stringent emission norms such as Bharat Stage VI. Its product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.The company has manufacturing facilities strategically located across India to support OEMs and Tier 1 customers. It emphasizes sustainability, innovation, and compliance with environmental regulations through advanced R&D and engineering capabilities.As of March 31, 2025, the company have 12 manufacturing facilities, comprising seven Clean Air & Powertrain Solutions facilities and five Advanced Ride Technology facilities, across seven states and one union territory in India.Products:The Clean Air & Powertrain Solutions division: Clean Air Solutions, Powertrain SolutionsThe Advanced Ride Technologies division designs, manufactures and sells shock absorbers, struts and advanced suspension systems.As of March 31, 2025, the company had 145 employees dedicated to the design, engineering and R&D department.Competitive Strengths:Market leading supplier of critical, highly engineered and technology intensive clean air, powertrain and suspension solutions to leading Indian and global OEMsStrategically diversified portfolio of proprietary products and solutions well positioned to capture market and industry trendsInnovation-focused approach aided by our ability to leverage Tenneco Group’s global R&D initiatives to cross-deploy global technologies for proprietary, modular and customized products at Indian price pointsFlexible and automated manufacturing footprint of 12 strategically located plants well-supported by a localized supply chain
Tenneco Clean Air India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 90,680,100 | 100.00% | ₹3,600.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,689 |
| Retail (Max) | 13 | 481 | ₹190,957 |
| sNII (Min) | 14 | 518 | ₹205,646 |
| bNII (Min) | 69 | 2,553 | ₹1,013,541 |
| Particulars | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue from Operations | 1316.43 | 4931.45 | 5537.39 |
| EBITDA | 228.88 | 815.24 | 612.09 |
| Profit After Tax (PAT) | 168.09 | 553.14 | 416.79 |
| Net Worth | 1250.38 | 1255.09 | 1116.59 |
| Total Assets | 2918.77 | 2831.58 | 2136.26 |
| Reserves & Surplus | 1204.30 | 1208.76 | 767.26 |
| Total Borrowings | N/A | N/A | N/A |