IPO Details
Issue Opening Date: November 12, 2025
Issue Closing Date: November 14, 2025
Issue size: ₹ 3,600.00 Cr. (@ upper Price Band of ₹397)
Offer For Sale: ₹3,600.00 Cr.
Face Value: ₹ 10
Price Band: ₹ 378 to ₹397 per Equity Share
Lot Size: 37 Shares & in multiples thereafter
Minimum Application Amount: ₹ 14,689/- (37 Shares)
Maximum Application Amount: ₹ 1,90,957/- (481 Shares)
Small HNI: ₹ 05,646/- (518 Shares)
Big HNI: ₹ 10,13,541/- (2,553 Shares)
Company Overview
Tenneco Clean Air India Ltd. is a part of the Tenneco Group, a U.S.-headquartered key global Tier I automotive component supplier. It specialises in emissions control systems, powertrain technologies, and performance solutions for various vehicles, including light vehicles, CTs, and off-highway equipment, and sells of automotive products for OE and the aftermarket for domestic and international customers. It is the largest supplier of shock absorbers and struts to Indian PV OEMs with a market share of 52% (in terms of value) (revenue) in fiscal 2025.
Tenneco is a multinational corporation with 93 manufacturing facilities in 26 countries located on 6 continents, with major centers of operations in the Americas, Europe, India, and Asia. It is a dominant player in suspension technologies, offering cutting-edge suspension systems that enhance comfort, handling, and vehicle stability.
Their customer base spans across OEMs who use their products in: (i) passenger vehicles (“PVs”), (ii) commercial vehicles (“CVs”), which comprises commercial trucks (“CTs”) and off-highway vehicles (“OHs”), and (iii) industrial and other applications, which comprises generator sets, small commercial vehicles with gross vehicle weight of less than 3.5 tons, 2-wheelers and 3-wheelers (“Industrial/Others”). They also sell to the aftermarket primarily through Motocare India Pvt Ltd (“Motocare”), a subsidiary of Tenneco LLC and Company, a member of its Group of Companies.
As of June 30, 2025, TCAIL has 12 manufacturing facilities, 7 Clean Air & Powertrain Solutions facilities and 5 Advanced Ride Technology facilities across 4 states and 1 union territory in India. Their key clientele includes Maruti Suzuki, Ford, Nissan, Hyundai, KIA, Cummins, Volvo Eicher, JCB, Bajaj, Volkswagen, Tata Motors, Mahindra & Mahindra, Club Car, and TVS Motor.
