Tenneco Clean Air India Ltd IPO: Stagnated Topline, Increased Profits, At A Discount

Tenneco Clean Air India Ltd IPO Trading: Strong Insti Demand and Overall Sub Rate

APAC IPOs & Placements, Aequitas Research

Rosita Fernandes

APAC IPOs & Placements

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Equity Capital Markets

Tenneco Clean Air India Ltd / Equity Capital Markets

Tenneco Clean Air India Ltd (1880671D IN)

<ul>
<li>
<a href="https://www.smartkarma.com/entities/tenneco-clean-air-india-ltd" target="_blank" data-smartkarma-citation="entities:45456:1" rel="noopener">Tenneco Clean Air India Ltd (1880671D IN)</a>  (TCAIL)  is looking to raise about US$350m in its upcoming India IPO. The bookrunners for the deal are JM Fin, Citi, Axis, HSBC.</li>
<li>TCAIL designs and manufactures clean air, powertrain, and suspension solutions for Indian OEMs, export markets, and the aftermarket, serving PVs, CVs, OHs, and industrial applications.</li>
<li>According to the CRISIL Report, TCAIL was the largest supplier of Clean Air Solutions to Indian commercial truck (CT) OEMs with a 60% market share in FY24.</li>
</ul>



Tenneco Clean Air India Ltd (1880671D IN)  (TCAIL)  is looking to raise about US$350m in its upcoming India IPO. The bookrunners for the deal are JM Fin, Citi, Axis, HSBC.
TCAIL designs and manufactures clean air, powertrain, and suspension solutions for Indian OEMs, export markets, and the aftermarket, serving PVs, CVs, OHs, and industrial applications.
According to the CRISIL Report, TCAIL was the largest supplier of Clean Air Solutions to Indian commercial truck (CT) OEMs with a 60% market share in FY24.


Tenneco Clean Air India Ltd Pre-IPO Tearsheet