1 / 4

Tenneco India IPO: Is It Really Worth What Apollo Paid for Global Operations?

The Tenneco India IPO has sparked curiosity among investors. While the company shows strong financials and a leading market position, many are questioning u2014 is Tenneco India really worth what Apollo Global Management paid for its global business?

abhi132
Download Presentation

Tenneco India IPO: Is It Really Worth What Apollo Paid for Global Operations?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Tenneco India IPO: Is It Really Worth What Apollo Paid for Global Operations? The Tenneco India IPO has sparked curiosity among investors. While the company shows strong financials and a leading market position, many are questioning — is Tenneco India really worth what Apollo Global Management paid for its global business? Let’s take a closer look at what’s happening with Tenneco India and what this IPO means for investors.

  2. What’s the Buzz Around Tenneco India IPO? Tenneco India is known for making parts that help vehicles reduce emissions and run smoothly. It’s a big name in the automotive components industry, especially in the clean air and ride performance segment. The company’s IPO has drawn attention because of its connection with Apollo Global Management, which took over Tenneco’s global operations in 2022. However, India contributes only about 3% of Tenneco’s total global revenue, making investors wonder if the valuation is fair.

  3. A Quick Throwback: Apollo’s Big Move Back in 2022, Apollo Global Management acquired Tenneco globally. Around the same time, Apollo’s investment arm made an open offer for Federal- Mogul Goetze (India) Ltd at ₹275 per share. But here’s the twist — the stock was already trading around ₹320, so the market didn’t show much interest. Analysts, including Atul Karwa from HDFC Securities, expected this outcome and noted that “the open offer may not get much response.” And they were right — the offer failed. This move hinted that Apollo’s India operations might not be a top priority in its global expansion strategy.

  4. Investor Takeaway The Tenneco India IPO presents both strength and risk. The company’s strong brand name, global backing, and market leadership are definite positives. But the uncertainty around future growth and low capex spending are valid concerns. For now, investors are watching closely to see whether Tenneco India can deliver value similar to what Apollo envisioned when it acquired the global operations.

More Related