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Established in 2018, Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc., which is a world leader in the design and manufacture of clean air and powertrain products for automotive. The company operates under the Clean Air division with a focus on emission control technologies for light and commercial vehicles.Tenneco Clean Air in India offers sophisticated exhaust and after-treatment systems to enable vehicle makers to comply with tighter emission regulations like Bharat Stage VI. Its product offerings comprise catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.It has strategically located manufacturing plants in India to serve OEMs and Tier 1 customers. It focuses on sustainability, innovation, and environmental regulatory compliance through cutting-edge R&D and engineering expertise.As of March 31, 2025, the company have 12 plants, consisting of seven Clean Air & Powertrain Solutions plants and five Advanced Ride Technology plants, spread over seven states and a union territory in India.Products:The Clean Air & Powertrain Solutions business unit: Clean Air Solutions, Powertrain SolutionsThe Advanced Ride Technologies business unit develops, manufactures and markets shock absorbers, struts and advanced suspension systems.At March 31, 2025, the company employed 145 people in the design, engineering and R&D department.
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |

Open Date
12 Nov 2025
Close Date
14 Nov 2025
Min Investment
₹14689
Lot Size
37 Shares
Issue Size
₹3600 Cr
Price Range
₹378 - ₹397
Listing Date
Nov 19, 2025
IPO Doc
RHP PDFRevenue Growth
Company Valuation
Earning Expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders. The company want to achieve the benefits of listing its shares on the stock exchanges.
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
The company want to achieve the benefits of listing its shares on the stock exchanges.
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 30-Jun-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 1,316.43 | 4,931.45 | 5,537.39 | 4,886.96 |
| EBITDA | 228.88 | 815.24 | 612.09 | 570.63 |
| Expenses | ||||
| Profit After Tax | 168.09 | 553.14 | 416.79 | 381.04 |
| Assets | 2,918.77 | 2,831.58 | 2,136.26 | 2,429.65 |
| Net Worth | 1,250.38 | 1,255.09 | 1,116.59 | 1,378.82 |
| Reserves | 1,204.30 | 1,208.76 | 767.26 | 896.05 |
| Borrowing | 0.86 |
Tenneco Mauritius Holdings Limited
Tenneco (Mauritius) Limited
Federal-Mogul Investments B.V.
Federal-Mogul Pty Ltd
Tenneco LLC
97.25%
74.79%
Tenneco Clean Air India
RNS2, Nissan Supplier Park SIPCOT Industrial Park, Oragadam Industrial Corridor Sriperumbudur Taluk, Kancheepuram, Tamil Nadu, 602105
MUFG Intime India Pvt.Ltd.
The company has 12 manufacturing facilities across 7 states and 1 union territory, including major hubs in Maharashtra, Tamil Nadu, NCR, and Gujarat. It operates seven clean air & powertrain solutions facilities and five advanced ride technology facilities, as of June 30, 2025. Further, 83.54% of its raw materials (excluding substrates) were sourced domestically in FY25, optimising costs and mitigating import dependence. Its automated plants deliver 99%+ on-time delivery and defect rates below 2 parts per million, highlighting strong operational discipline.
The company earned 81.35% of revenue in Q1FY26 and 83.06% in FY25 from India’s passenger vehicle (PV) and commercial vehicle (CV) sectors. Any downturn in these segments due to lower demand, fuel price volatility, or policy changes could directly impact sales and margins.
The programs awarded typically last 3–7 years, and are without firm purchase commitments. In FY25, the company was awarded 114 programs, with 95 commencing production, yet any delays, cancellations, or inaccurate forecasts from OEMs could result in underutilised capacity and margin erosion. Customers can terminate contracts without compensation for development or capital costs, which may strain cash flows.