Tenneco Clean Air IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 12 to Nov 14 2025
Price Band
₹378 - 397
Current GMP
₹505.0 (+27.20%)
Subscription
61.79 times
IPO Details
| IPO Date | November 12, 2025 to November 14, 2025 |
| Listing Date | November 19, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹378 to ₹397 per share |
| Issue Price Final | ₹397 per share |
| Lot Size | 37 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 9,06,80,101 shares (aggregating up to ₹3,600.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 40,36,04,309 shares |
| Share Holding Post Issue | 40,36,04,309 shares |
IPO Date
November 12, 2025 to November 14, 2025
Listing Date
November 19, 2025
Face Value
₹10 per share
Issue Price Band
₹378 to ₹397 per share
Issue Price Final
₹397 per share
Lot Size
37 Shares
Sale Type
Offer For Sale
Total Issue Size
9,06,80,101 shares (aggregating up to ₹3,600.00 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
40,36,04,309 shares
Share Holding Post Issue
40,36,04,309 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 174.78 |
| Non-Institutional Buyers | 42.79 |
| bNII (bids above ₹10L) | 49.38 |
| sNII (bids below ₹10L) | 29.61 |
| Retail Investors | 5.37 |
| Total ** | 61.79 |
Anchor Investors
1
QIB (Ex Anchor)
174.78
Non-Institutional Buyers
42.79
bNII (bids above ₹10L)
49.38
sNII (bids below ₹10L)
29.61
Retail Investors
5.37
Total **
61.79
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 12, 2025 | 0.01 | 1.16 | 1.09 | 1.30 | 0.37 | 0.44 |
| Day 2 Nov 13, 2025 | 2.46 | 7.57 | 7.75 | 7.19 | 1.53 | 3.09 |
| Day 3 Nov 14, 2025 | 174.78 | 42.79 | 49.38 | 29.61 | 5.37 | 61.79 |
DayDay 1
Nov 12, 2025
QIB (Ex Anchor)0.01
NII1.16
NII (> ₹10L)1.09
NII (< ₹10L)1.30
Retail0.37
Total0.44
DayDay 2
Nov 13, 2025
QIB (Ex Anchor)2.46
NII7.57
NII (> ₹10L)7.75
NII (< ₹10L)7.19
Retail1.53
Total3.09
DayDay 3
Nov 14, 2025
QIB (Ex Anchor)174.78
NII42.79
NII (> ₹10L)49.38
NII (< ₹10L)29.61
Retail5.37
Total61.79
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 19-11-2025 | 397.00 | 104(26.20%) | 501 |
| 18-11-2025 | 397.00 | 103(25.94%) | 500 |
| 17-11-2025 | 397.00 | 121(30.48%) | 518 |
| 16-11-2025 | 397.00 | 122(30.73%) | 519 |
| 15-11-2025 | 397.00 | 123(30.98%) | 520 |
| 14-11-2025 | 397.00 | 115(28.97%) | 512 |
| 13-11-2025 | 397.00 | 76(19.14%) | 473 |
| 12-11-2025 | 397.00 | 85(21.41%) | 482 |
| 11-11-2025 | 397.00 | 61(15.37%) | 458 |
| 10-11-2025 | 397.00 | 55(13.85%) | 452 |
| 09-11-2025 | 397.00 | 67(16.88%) | 464 |
| 08-11-2025 | 397.00 | 66(16.62%) | 463 |
| 07-11-2025 | 397.00 | 87(21.91%) | 484 |
| 06-11-2025 | 0 | 96(0.00%) | 96 |
| 05-11-2025 | 0 | 101(0.00%) | 101 |
| 04-11-2025 | 0(0.00%) | (0.00%) | |
| 03-11-2025 | 0(%) | (%) |
Date19-11-2025
Price397.00
GMP104(26.20%)
Estimate List Price501
Date18-11-2025
Price397.00
GMP103(25.94%)
Estimate List Price500
Date17-11-2025
Price397.00
GMP121(30.48%)
Estimate List Price518
Date16-11-2025
Price397.00
GMP122(30.73%)
Estimate List Price519
Date15-11-2025
Price397.00
GMP123(30.98%)
Estimate List Price520
Date14-11-2025
Price397.00
GMP115(28.97%)
Estimate List Price512
Date13-11-2025
Price397.00
GMP76(19.14%)
Estimate List Price473
Date12-11-2025
Price397.00
GMP85(21.41%)
Estimate List Price482
Date11-11-2025
Price397.00
GMP61(15.37%)
Estimate List Price458
Date10-11-2025
Price397.00
GMP55(13.85%)
Estimate List Price452
Date09-11-2025
Price397.00
GMP67(16.88%)
Estimate List Price464
Date08-11-2025
Price397.00
GMP66(16.62%)
Estimate List Price463
Date07-11-2025
Price397.00
GMP87(21.91%)
Estimate List Price484
Date06-11-2025
Price0
GMP96(0.00%)
Estimate List Price96
Date05-11-2025
Price0
GMP101(0.00%)
Estimate List Price101
Date04-11-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date03-11-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Wed, Nov 12, 2025 |
| IPO Close Date | Fri, Nov 14, 2025 |
| Tentative Allotment | Mon, Nov 17, 2025 |
| Initiation of Refunds | Tue, Nov 18, 2025 |
| Credit of Shares to Demat | Tue, Nov 18, 2025 |
| Tentative Listing Date | Wed, Nov 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 14, 2025 |
IPO Open Date
Wed, Nov 12, 2025
IPO Close Date
Fri, Nov 14, 2025
Tentative Allotment
Mon, Nov 17, 2025
Initiation of Refunds
Tue, Nov 18, 2025
Credit of Shares to Demat
Tue, Nov 18, 2025
Tentative Listing Date
Wed, Nov 19, 2025
Cut-off time for UPI mandate confirmation
5 PM on Fri, Nov 14, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 37 | ₹14,689 |
| Retail (Max) | 13 | 481 | ₹1,90,957 |
| S-HNI (Min) | 14 | 518 | ₹2,05,646 |
| S-HNI (Max) | 68 | 2,516 | ₹9,98,852 |
| B-HNI (Min) | 69 | 2,553 | ₹10,13,541 |
ApplicationRetail (Min)
Lots1
Shares37
Amount₹14,689
ApplicationRetail (Max)
Lots13
Shares481
Amount₹1,90,957
ApplicationS-HNI (Min)
Lots14
Shares518
Amount₹2,05,646
ApplicationS-HNI (Max)
Lots68
Shares2,516
Amount₹9,98,852
ApplicationB-HNI (Min)
Lots69
Shares2,553
Amount₹10,13,541
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 2,918.77 | 2,831.58 | 2,136.26 |
| Total Income | 1,316.43 | 4,931.45 | 5,537.39 |
| Profit After Tax | 168.09 | 553.14 | 416.79 |
| EBITDA | 228.88 | 815.24 | 612.09 |
| NET Worth | 1,250.38 | 1,255.09 | 1,116.59 |
| Reserves and Surplus | 1,204.30 | 1,208.76 | 767.26 |
| Total Borrowing |
Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 20252,918.77
31 Mar 20252,831.58
31 Mar 20242,136.26
Period EndedTotal Income
30 Jun 20251,316.43
31 Mar 20254,931.45
31 Mar 20245,537.39
Period EndedProfit After Tax
30 Jun 2025168.09
31 Mar 2025553.14
31 Mar 2024416.79
Period EndedEBITDA
30 Jun 2025228.88
31 Mar 2025815.24
31 Mar 2024612.09
Period EndedNET Worth
30 Jun 20251,250.38
31 Mar 20251,255.09
31 Mar 20241,116.59
Period EndedReserves and Surplus
30 Jun 20251,204.30
31 Mar 20251,208.76
31 Mar 2024767.26
Period EndedTotal Borrowing
30 Jun 2025
31 Mar 2025
31 Mar 2024
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Tenneco Clean Air India Limited | 13.68 | 13.68 | 31.10 | 46.65 | ||
| Bosch | 683.25 | 683.25 | 4,682.16 | 57.39 | 15.58 | 6.74 |
| Timken India | 59.48 | 59.48 | 378.21 | 49.22 | 17.00 | 8.59 |
| SKF India | 114.50 | 114.50 | 525.50 | 19.21 | 21.43 | 8.77 |
| ZF Commercial Vehicle Control System India | 242.90 | 242.90 | 1,694.75 | 53.67 | 15.35 | 7.70 |
| Sharda Motor Industries | 109.71 | 109.71 | 184.97 | 9.67 | 30.46 | 10.09 |
| Gabriel India | 17.05 | 17.05 | 82.38 | 75.92 | 22.42 | 7.22 |
| Uno Minda | 16.42 | 16.37 | 95.99 | 75.11 | 18.36 | 11.12 |
| Sona BLW Precision Forgings | 9.92 | 9.92 | 88.38 | 14.76 | 14.76 | 5.42 |
Company NameTenneco Clean Air India Limited
EPS (Basic)13.68
EPS (Diluted)13.68
NAV (per share) (Rs)31.10
P/E (x)
RoNW (%)46.65
P/BV Ratio
Company NameBosch
EPS (Basic)683.25
EPS (Diluted)683.25
NAV (per share) (Rs)4,682.16
P/E (x)57.39
RoNW (%)15.58
P/BV Ratio6.74
Company NameTimken India
EPS (Basic)59.48
EPS (Diluted)59.48
NAV (per share) (Rs)378.21
P/E (x)49.22
RoNW (%)17.00
P/BV Ratio8.59
Company NameSKF India
EPS (Basic)114.50
EPS (Diluted)114.50
NAV (per share) (Rs)525.50
P/E (x)19.21
RoNW (%)21.43
P/BV Ratio8.77
Company NameZF Commercial Vehicle Control System India
EPS (Basic)242.90
EPS (Diluted)242.90
NAV (per share) (Rs)1,694.75
P/E (x)53.67
RoNW (%)15.35
P/BV Ratio7.70
Company NameSharda Motor Industries
EPS (Basic)109.71
EPS (Diluted)109.71
NAV (per share) (Rs)184.97
P/E (x)9.67
RoNW (%)30.46
P/BV Ratio10.09
Company NameGabriel India
EPS (Basic)17.05
EPS (Diluted)17.05
NAV (per share) (Rs)82.38
P/E (x)75.92
RoNW (%)22.42
P/BV Ratio7.22
Company NameUno Minda
EPS (Basic)16.42
EPS (Diluted)16.37
NAV (per share) (Rs)95.99
P/E (x)75.11
RoNW (%)18.36
P/BV Ratio11.12
Company NameSona BLW Precision Forgings
EPS (Basic)9.92
EPS (Diluted)9.92
NAV (per share) (Rs)88.38
P/E (x)14.76
RoNW (%)14.76
P/BV Ratio5.42
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 4,53,40,050 (50.00%) | NA |
| − Anchor Investor Shares Offered | 2,72,04,030 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,81,36,020 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,36,02,015 (15.00%) | NA |
| − bNII > ₹10L | 90,68,010 (10.00%) | 17,505 |
| − sNII < ₹10L | 45,34,005 (5.00%) | 8,752 |
| Retail Shares Offered | 3,17,38,035 (35.00%) | 8,57,784 |
| Total Shares Offered | 9,06,80,100 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered4,53,40,050 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered2,72,04,030 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered1,81,36,020 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,36,02,015 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered90,68,010 (10.00%)
Maximum Allottees17,505
Investor Category− sNII < ₹10L
Shares Offered45,34,005 (5.00%)
Maximum Allottees8,752
Investor CategoryRetail Shares Offered
Shares Offered3,17,38,035 (35.00%)
Maximum Allottees8,57,784
Investor CategoryTotal Shares Offered
Shares Offered9,06,80,100 (100.00%)
Maximum Allottees
Information about company
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 Solutions
The 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 OEMs
Strategically diversified portfolio of proprietary products and solutions well positioned to capture market and industry trends
Innovation-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 points
Flexible and automated manufacturing footprint of 12 strategically located plants well-supported by a localized supply chain
Objectives of IPO
Coming Soon
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