🚀 Tenneco Clean Air India Ltd IPO – Full Details 🇮🇳
📅 IPO Timeline
🟢 Opens: 12 Nov 2025
🔴 Closes: 14 Nov 2025
📈 Tentative Listing: 19 Nov 2025 (NSE & BSE)
💰 Issue Details
💵 Price Band: ₹378 – ₹397 per share
📦 Lot Size: 37 shares (💰 ~₹14,689 per lot)
💹 Issue Size: ₹3,600 crore (Offer for Sale only – no new shares issued)
🏭 Company Overview
Tenneco Clean Air India is a leading auto component manufacturer 🛠️ focusing on:
🔹 Clean air systems (exhaust & emission control)
🔹 Ride performance products (shock absorbers, suspension systems)
Part of the global Tenneco Group (USA) 🌍
💼 Market Position:
✅ ~57% share in clean-air systems for commercial vehicles 🚛
✅ ~52% share in shock absorbers & struts for passenger vehicles 🚗
🎯 IPO Purpose
Since it’s an Offer for Sale (OFS), proceeds go to existing shareholders — not the company.
💡 No new capital for expansion or debt repayment.
🌟 Strengths
✅ Strong global parent support 🌎
✅ Leading position in India’s clean-air and suspension market 🧩
✅ Long-standing OEM partnerships with major auto brands 🚘
⚠️ Risks
❗ High customer concentration (Top 10 clients = ~80% revenue) 💼
❗ Limited benefit to company since it’s a pure OFS ⚠️
❗ EV shift could reduce demand for traditional exhaust systems 🔋
📊 Financial Snapshot
📈 FY25 Revenue: Robust with steady growth
💹 EBITDA Margin: ~16.7%
📊 P/E Ratio (upper band): ~29x — moderately valued
🧭 Investor View
👉 Great brand & stable business model 🏢
👉 Suitable for long-term investors who believe in the auto component sector 🛞
👉 Moderate listing gains expected — focus on fundamentals 📉
🔥 Ticker Summary:
Tenneco Clean Air IPO 💨 | Price ₹378–₹397 | Size ₹3,600 Cr | Opens Nov 12 | Closes Nov 14 | Listing Nov 19 🚀
