Tenneco Clean Air India Limited IPO Review
Neutral378-397 · Mainboard
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Analyst Verdict
Tenneco Clean Air India Limited IPO
Neutral
IPO at a Glance
Price Band
378-397
Issue Size
3600cr
Min. Investment
₹14,689
Opens
2025-11-10
Closes
2025-11-12
Listing
2025-11-17
Category
Mainboard
Key Strengths
✓Growth driven by R&D, emission compliance and long-standing client relationships
✓Strong position in the CV, OH and PV segments
✓Leading supplier of critical, highly engineered and technology-intensive clean air solutions
✓Manufacturing facilities are located strategically across India, ensuring supply chain efficiencies
✓Backed by global clean air tech leader Tenneco Group, Diversified OEM Portfolio
✓Consistent positive operating cash flows and profit growth over recent years
Key Risks
⚠Heavy dependence on a few customers for revenue generation, with the top 10 contributing to 80% of total sales
⚠Business is closely tied to emission standards and regulatory policy
⚠High Reliance on Indian PV and CV OEMs (over 80% of revenue) exposes the company to demand shifts and sectoral changes
⚠Shift towards EVs could reduce long-term demand
⚠Disruption in the raw material supply chain
Frequently Asked Questions
Should I apply for Tenneco Clean Air India Limited IPO?
Based on our analysis, our rating for Tenneco Clean Air India Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of Tenneco Clean Air India Limited IPO?
Heavy dependence on a few customers for revenue generation, with the top 10 contributing to 80% of total sales Business is closely tied to emission standards and regulatory policy High Reliance on Indian PV and CV OEMs (over 80% of revenue) exposes the company to demand shifts and sectoral changes
What are the strengths of Tenneco Clean Air India Limited IPO?
Growth driven by R&D, emission compliance and long-standing client relationships Strong position in the CV, OH and PV segments Leading supplier of critical, highly engineered and technology-intensive clean air solutions
What is the price band of Tenneco Clean Air India Limited IPO?
The price band for Tenneco Clean Air India Limited IPO is 378-397. The IPO has closed.
Full Analysis Available
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