Tenneco Clean Air India Limited has announced the opening of its Initial Public Offer (IPO) on Wednesday, November 12, 2025, with the issue closing on Friday, November 14, 2025. The price band for the offer has been set at ₹378 to ₹397 per equity share, each with a face value of ₹10.
The IPO comprises a pure offer for sale (OFS) aggregating up to ₹3,600 crore by Tenneco Mauritius Holdings Limited, the promoter selling shareholder. No fresh issue of shares will be made under this offer.
The anchor investor bidding will open a day earlier, on Tuesday, November 11, 2025. Retail investors can bid for a minimum of 37 equity shares and in multiples of 37 thereafter.
Post listing, the company’s shares will be traded on both the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE), with the NSE designated as the lead exchange.
The IPO is being made through the book-building process in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As per the regulatory framework:
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Not more than 50% of the offer will be allocated to Qualified Institutional Buyers (QIBs).
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Up to 60% of the QIB portion may be allocated to Anchor Investors on a discretionary basis.
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Not less than 15% will be available for Non-Institutional Investors (NIIs), and
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At least 35% will be reserved for Retail Individual Investors (RIIs).
Bidders, except Anchor Investors, must participate through the Application Supported by Blocked Amount (ASBA) process, using their respective bank accounts or UPI IDs.
The book running lead managers (BRLMs) to the issue are JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and HSBC Securities and Capital Markets (India) Private Limited.
The company has filed its Red Herring Prospectus (RHP) dated November 5, 2025, with the Registrar of Companies. The RHP is available on the websites of the company, SEBI, BRLMs, and the stock exchanges.
About the Company:
Tenneco Clean Air India Limited is part of Tenneco Inc., a leading global designer, manufacturer, and marketer of automotive products for original equipment and aftermarket customers. The company specializes in clean air systems and solutions that help reduce emissions and improve vehicle performance.
Disclaimer:
Investors are advised to read the “Risk Factors” section in the RHP carefully before making any investment decisions. The equity shares offered are not registered under the U.S. Securities Act of 1933 and are not being offered or sold in the United States.
