Tenneco Clean Air India IPO: Tennaco Clean Air India Limited, the automotive component, has submitted a draft with the Capital Market Regulator SEBI for its IPO. The company wants to raise Rs 3,000 crore with the help of this offer. Draft Red Herring Prospectus (DRHP) states that the IPO will only have an offer for sale, in which shares will be sold by Promoter Tennco Mauritius Holdings Limited. New shares will not be issued, due to which the entire earnings coming from the IPO will go to the share sellers. The company will not get any money.
JM Financial for IPO, Citygroup Global Markets India, Axis Capital and HSBC Securities and Capital Markets (India) Private Limited, Book Running Lead Manager. Tennco is part of the Tennco Group with Headquarters in Clean Air India Limited, USA.
12 manufacturing plants in India
Tennco Clean Air India Limited creates and supplies Critical, Hilli Engineer Clean Air, Poverty and Suspension Solutions for India’s original equipment manufacturers (OEM) and export markets. The promoters of the company include Tennco Mauritius Holdings Limited, Tennco (Mauritius) Limited, Federal-Mogul Investment BV, Federal-Mogul Private Limited and Tennaco LLC.
Tennco Clean Air India Limited has 12 manufacturing plants in India. It served 119 customers during FY 2024-25. These include India’s top 7 OEM and commercial truck making top 5 OEM.
Who included in competitions
The company’s listed competitions in India include Bosch, Timken India, SKF India, ZF Commercial Vehicle Control System India, Sharda Motor Industries, Gabriel India, UNO MINDA, Sona BLW Prisonon forgings. The profit of Tennco Clean Air India Limited in FY 2024-25 increased by 32.7 percent to Rs 553.1 crore. Revenue fell by 10.6 percent to Rs 4,890.4 crore.
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