Tenneco Clean Air India IPO GMP, Price Band, & Allotment Status

Tenneco Clean Air India Ltd IPO – An Overview and Company Insight

Tenneco Clean Air India Ltd IPO GMP is emerging as one of the major automotive component listings in India for 2025. Tenneco Clean Air India is a subsidiary of the U.S.-based global Tier-1 supplier Tenneco Inc. and manufactures clean-air, powertrain and suspension solutions for OEMs (Original Equipment Manufacturers) and aftermarket applications. The business operates 12 manufacturing facilities in India and serves passenger-vehicle (PVs), commercial-vehicle (CVs), off-highway, industrial and export segments.

What stands out: the company has dominant market share (in clean-air systems for commercial trucks, etc.), backed by global R&D and scale along with Indian manufacturing. The IPO is structured as a 100% Offer for Sale (OFS)—meaning the existing promoter shareholder is selling shares, and the company will not receive fresh capital. Because it’s a marquee player in a cyclical but high-technology segment, and backed by a global parent, the IPO is attracting strong interest. With Tenneco Clean Air India Ltd IPO GMP already showing up in grey-market chatter, retail investors are watching closely.

Tenneco Clean Air India Ltd IPO – Grey Market Premium (GMP)

The grey market interest indicates optimism for the Tenneco Clean Air India IPO GMP. Informal figures suggest a premium of about 24% above the upper price band, suggesting expected listing gains if fresh demand holds. Yet, being a full OFS, some caution is needed because the company itself isn’t getting fresh funds to expand—listing gains may be driven more by demand than by fresh growth capital.

Grey Market Premium – Snapshot 

Metric	Estimate / Observation
Reported GMP	~ ~24% above upper price band
Key Drivers	Strong OEM customers, global parentage, high-profit margins
Key Risks	Business cyclical with auto sector, raw-material cost exposure, no fresh funds for the company

Tenneco Clean Air IPO GMP

Date	IPO GMP	GMP Trend	Gain
Today	₹55		13.85%
10 Nov	₹67		16.87%
8 Nov	₹87		21.91%
7 Nov	₹85		21.41%

Pricing Details and Lot Size – Tenneco Clean Air India Ltd IPO

• Price Band: ₹ 378 to ₹ 397 per equity share (face value ₹ 10).

• Minimum Lot Size: 37 shares per lot.

• Minimum Retail Investment: At upper band (₹ 397) for 37 shares ~ ₹ 14,689.

• Issue Composition: Entirely OFS (~₹ 3,600 crore issue size).

• Allocation: Not less than 50% to QIBs, not less than 35% to retail investors, remainder to NIIs.

Pricing & Lot Size – Summary

IPO Timelines at a Glance – Tenneco Clean Air India Ltd IPO

How To Check the Allotment Status

After allotment is finalised (~17 Nov 2025), you can check status as follows:

• Registrar’s website (MUFG Intime India): Visit the IPO allotment page, enter your PAN or application number or Demat ID.

• On NSE / BSE: Corporate Actions → IPO Allotment Status → choose Tenneco Clean Air India Ltd. → enter your credentials.
  Keep your PAN, application number and demat account details handy to check quickly.

Book-running Lead Managers and Registrar – Tenneco Clean Air India Ltd IPO

• Book-running Lead Managers (BRLMs): JM Financial, Citigroup Global Markets India, Axis Capital, HSBC Securities & Capital Markets (India).

• Registrar to the issue: MUFG Intime India Pvt. Ltd.

Offer for Sale and IPO Size Breakdown – Tenneco Clean Air India Ltd IPO

• Total Issue Size: ~ ₹ 3,600 crore (via OFS).

• Fresh Issue Portion: Nil (no fresh shares issued).

• Since all proceeds go to the selling shareholder, the listing is more liquidity/exit-oriented than growth-capital oriented for the company.

Utilisation of Fresh Issuance and Technological Advancements – Tenneco Clean Air India Ltd IPO

Because this IPO is purely an OFS, the company will not receive fresh funds from the issue. Thus:

• No direct IPO capital will be used for expansion, debt reduction, or new projects.

• From a technology and operations standpoint, key focus remains on leveraging global parent’s technology, expanding manufacturing scale in India and export markets, and maintaining high-margin aftermarket business.
  Investors should view this listing as access to a quality auto-component business rather than a growth capital raise event.

IPO Financial Information

For the year ended March 31, 2025, Tenneco Clean Air India Ltd reported a profit after tax of ~ ₹ 553 crore, up from ~ ₹ 417 crore the year prior, despite revenue from operations declining ~10.6% to ~ ₹ 4,890 crore. EBITDA margin improved to ~16.7%. Return on capital employed (ROCE) is strong. The business benefits from leadership positions and OEM relationships, though the cyclicality of the auto sector is a key factor.

Financials – Summary 

Conclusion

The Tenneco Clean Air India IPO offers retail investors a rare opportunity to participate in a high-quality, globally backed automotive component business. With Tenneco Clean Air India Ltd IPO GMP already showing a strong premium, listing prospects appear favourable. That said, key considerations include the pure OFS structure (no fresh capital to the company), auto-sector cyclicality, raw-material cost pressure, and the need to monitor how the business adapts to EV transition and global supply chain issues. For those with a medium-term horizon who believe in India’s automotive ecosystem and Tier-1 suppliers, this IPO could be worth considering.

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If you’re planning to apply for IPOs such as the Tenneco Clean Air India Ltd IPO, ensure you open a demat account ahead of time so you’re fully prepared when the window opens. With TradeSmart, you gain access to a user-friendly trading platform, flat brokerage, and expert support to help you participate in IPOs and equities smoothly — so you don’t miss out on opportunities like this.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or a recommendation to subscribe to the Tenneco Clean Air India Ltd IPO. Investors should read the Red Herring Prospectus (RHP), evaluate risk factors, compare valuations with peer companies, and consult a qualified financial advisor before investing. The Tenneco Clean Air India Ltd IPO GMP figures mentioned are indicative and subject to change. TradeSmart and its associates are not liable for any loss arising from investment decisions made based on this content.