Archive · 7 Nov 2025
Tenneco Clean Air India IPO Opens Nov 12: Price Band Set, Issue Size Revised
Tenneco Clean Air India, a company that makes car parts like exhaust systems and suspension, is having its first public sale of shares, called an IPO.
The price for each share will be between ₹378 and ₹397.
This sale is special because the company itself is not getting any new money; instead, its main owner, Tenneco Mauritius Holdings, is selling its own shares.
The total value of the shares being sold is ₹3,600 crore, which is more than what they first planned.
People can buy these shares from November 12th to November 14th.
The company has set aside a portion of shares for big investors, smaller investors, and everyday people.
The company has 12 factories in India and makes important parts for trucks and cars.
They expect to be listed on the stock market on November 19th.
Tenneco Clean Air India's IPO will be open for subscription from November 12 to November 14, with anchor investor allocation on November 11.
The IPO's price band is set between ₹378 to ₹397 per equity share, with a face value of ₹10.
The issue size has been increased to ₹3,600 crore, up from the previously proposed ₹3,000 crore.
This IPO is structured as an Offer for Sale (OFS), meaning the selling promoter, Tenneco Mauritius Holdings, will receive all proceeds, not the company.
Tenneco Clean Air India manufactures clean air, powertrain, and suspension systems and operates 12 manufacturing plants across India.
- Who
- Tenneco Clean Air India, a subsidiary of the US-based Tenneco Group
- What
- Is launching an initial public offering (IPO) with a revised issue size of ₹3,600 crore, which is entirely an Offer for Sale (OFS).
- When
- The IPO subscription window is from November 12 to November 14, with anchor investor allocation on November 11, and expected listing on November 19.
- Where
- India (listing on BSE and NSE)
- Why
- To allow the promoter, Tenneco Mauritius Holdings, to sell its shares through an Offer for Sale.
IPO Subscription Details
Company Financials & Offer Type
Issue Size and Proceeds
IPO Subscription Details
The IPO issue size has been revised upward to ₹3,600 crore, previously proposed at ₹3,000 crore. The subscription window is from November 12 to November 14.
Company Financials & Offer Type
The IPO is entirely an Offer for Sale (OFS) by the promoter, Tenneco Mauritius Holdings, meaning no new capital will be raised by the company itself; proceeds go to the selling shareholder.
Investor Allocation and Sentiment
IPO Subscription Details
Allocation is set at up to 50% for QIBs, at least 15% for NIIs, and at least 35% for retail investors. The Grey Market Premium (GMP) was 24% as of November 7, though this is an unofficial metric.
Company Financials & Offer Type
Tenneco Clean Air India manufactures clean air, powertrain, and suspension systems. It is a key supplier to OEMs for commercial trucks and passenger vehicles in domestic and export markets. Its 12 manufacturing plants across India also market aftermarket products.
- Company Name
- Tenneco Clean Air India
- IPO Type
- Offer for Sale (OFS)
- Revised Issue Size
- ₹3,600 Crore
- Price Band
- ₹378 - ₹397 per equity share
- Face Value
- ₹10
- Subscription Dates
- November 12 - November 14
- Anchor Investor Allocation
- November 11
- Listing Date
- November 19
