Archive · 12 Nov 2025
Tenneco Clean Air India IPO Opens: Price Band Set at Rs 378-397
A company named Tenneco Clean Air India, which makes parts to reduce pollution from vehicles, is starting its first sale of stock to the public, called an IPO.
The price for each share will be between ₹378 and ₹397.
This sale is special because all the money from selling the shares will go to the current owner, not to the company itself.
This is called an 'Offer for Sale'.
The company sells important parts for cars and is expected to benefit from new, stricter rules about vehicle pollution.
Many big investment groups have already bought shares.
Several stock market analysts recommend buying these shares, seeing the company as well-positioned for the future of the Indian auto industry.
Tenneco Clean Air India's IPO opened on November 12, 2025, with a price band of Rs 378 to Rs 397 per share.
The entire Rs 3,600 crore IPO is an Offer for Sale (OFS), with proceeds going to the selling promoter, Tenneco Mauritius Holdings.
The IPO is open for subscription until November 14, 2025, with allocations to QIBs, NIIs, and retail investors.
Anchor investors subscribed to shares worth Rs 1,079.99 crore at the upper price band of Rs 397.
Brokers like SBI Securities, AUM Capital, and Reliance Securities recommend subscribing to the IPO, citing the company's strong market position and future prospects.
- Who
- Tenneco Clean Air India Ltd (TCAIL), a subsidiary of Tenneco Group.
- What
- Opened its Initial Public Offering (IPO) entirely as an Offer for Sale (OFS).
- When
- Opened for subscription on November 12, 2025, and closes on November 14, 2025.
- Where
- India (Shares to be listed on BSE and NSE)
- Why
- To allow the promoter, Tenneco Mauritius Holdings, to sell its stake in the company.
Broker Recommendations
IPO Details
Investment Recommendation
Broker Recommendations
SBI Securities, AUM Capital, and Reliance Securities all recommend 'SUBSCRIBE' to the IPO, citing the company's market position, leverage of parent company's patents, premiumization trend in the auto industry, positioning for stricter emission norms, diversified product portfolio, and global lineage.
IPO Details
The IPO is entirely an Offer for Sale (OFS), meaning all proceeds go to the selling shareholder (Tenneco Mauritius Holdings) and not to the company itself. The IPO price band is set between Rs 378 and Rs 397 per share.
- Total IPO Size
- Rs 3,600 crore
- Issue Type
- Entirely Offer for Sale (OFS)
- IPO Price Band
- Rs 378 - Rs 397 per share
- Lot Size
- 37 shares
- Minimum Retail Investment
- Calculated based on lot size and upper price band
- Public Subscription Dates
- November 12, 2025 - November 14, 2025
- Anchor Investor Allotment
- 2,72,04,030 equity shares, raising Rs 1,079.99 crore at Rs 397 per share
- Book Running Lead Managers
- JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited
- Company Description
- Leading manufacturer and supplier of advanced emission control systems and automotive components in India, serving OEMs and aftermarket.
Sources
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