Price Band
₹378 - ₹397
Lot Size
37
Issue Size
₹3600 Cr
GMP
N/A
Subscription
61.79x
IPO Schedule
Open
12 Nov 2025
Close
14 Nov 2025
Allotment
17 Nov 2025
Listing
19 Nov 2025
About Tenneco Clean Air India Ltd
Tenneco Clean Air India Ltd is a leading manufacturer of clean air solutions, specializing in catalytic converters, particulate filters, and exhaust systems for the automotive industry. The company caters to both domestic and international markets, playing a crucial role in emission control and environmental sustainability.
Key Strengths
- Strong financial performance with high ROE of 42.65% indicating efficient capital utilization.
- Established market position within the automotive clean air solutions sector.
- Beneficiary of increasing regulatory focus on emission control and stricter environmental norms.
- Diversified customer base reducing dependence on any single client.
- Technological expertise and innovation in developing advanced emission control systems.
Risk Factors
- •Dependence on the automotive industry, making it vulnerable to cyclical downturns and shifts in automotive technology (e.g., electric vehicles).
- •Exposure to fluctuations in raw material prices (e.g., precious metals) used in catalytic converters.
- •Intense competition from both domestic and international players in the automotive component manufacturing sector.
Valuation Analysis
The IPO is priced at a P/E of 28.97, which appears reasonable considering the company's high ROE and growth potential within the evolving automotive landscape. Investors should carefully assess the company's long-term prospects and industry trends before making an investment decision.
IPO Details
Key Metrics
Growth & Quality
Subscription
Documents
Registrar
LINK