Tenneco Clean Air IPO Day 1: Check Subscription Status & Key Highlights

Tenneco Clean Air India Ltd opened its Initial Public Offering (IPO) today on November 12, 2025 for public subscription. The bidding window for the Tenneco Clean Air IPO will be open till November 14, 2025. The IPO allotment process is expected to be finalised on November 17, 2025 and the shares will be listed on both NSE and BSE. The tentative listing date is fixed as November 19, 2025.

Founded in 2018, Tenneco Clean Air India Ltd is part of the US-headquartered Tenneco Group, which is a global Tier I supplier of automotive components. The company designs, manufactures, and supplies clean air, powertrain, and suspension solutions for Indian and international original equipment manufacturers (OEMs).

Tenneco Clean Air IPO Details

Tenneco Clean Air IPO is a book build issue of ₹3,600.00 crores. The issue is entirely an offer for sale (OFS) of 9.07 crore shares. The IPO price band is set between ₹378 to ₹397 per share . The minimum lot size for an application is 37 and the minimum amount of investment required by an retail investor is ₹14,689 (37 shares) based on upper price.

JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and HSBC Securities and Capital Markets (India) Private Limited are the book-running lead managers for the IPO. MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Tenneco Clean Air IPO Day 1 Subscription Status

[November 12, 2025, 3 PM]

On Day 1, Tenneco Clean Air IPO saw a subscription rate of 0.29 times. The public issue was subscribed 0.27 times by the Retail Individual Investors (RIIs), 0.69 times by the Non Institutional Investors (NIIs) and 0 times by the Qualified Institutional Buyers (QIBs).

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Utilisation of Proceeds

The Company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.

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About Tenneco Clean Air Ltd

Tenneco Clean Air India Ltd is a subsidiary of the U.S.-based Tenneco Inc. and specialises in manufacturing high-technology automotive components, particularly clean-air (after-treatment/exhaust) systems, powertrain solutions, and advanced ride technologies (such as suspension systems) for both domestic and export markets.

Financially, in FY 2025, it reported revenue of around ₹4,931 crore and net profit of about ₹553 crore, compared to ₹5,537 crore revenue and ₹417 crore profit in FY 2024.

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