Tenneco Clean Air India's IPO is generating enthusiasm among investors. It was subscribed 61 times from November 12–14, and boasts a 31% premium in the grey market. Shares will be listed on BSE and NSE on November 19.
IPO Update: The Initial Public Offering (IPO) of Tenneco Clean Air India Limited has become a focal point of excitement for investors. This IPO was open for subscription from November 12 to November 14, and registered a demand exceeding 61 times. Investors are now eagerly awaiting the allotment.
Strong Share Premium in the Grey Market
Shares of Tenneco Clean Air India are also creating a buzz in the grey market. Currently, the Grey Market Premium (GMP) has reached 31 percent, meaning shares are trading at ₹123. The original IPO price was ₹397. If the listing happens according to the grey market trend, the share price could reach ₹520, with investors potentially seeing a profit of approximately 31 percent on the listing day.
IPO Listing Date and Subscription Status
Tenneco Clean Air India's shares will be listed on both BSE and NSE platforms on November 19, 2025. Regarding subscriptions, the IPO received a demand of 2.93 times on the second day. Qualified Institutional Buyers (QIB) saw a subscription of 2.34 times, Non-Institutional Investors (NII) bid 7.18 times, and Retail Individual Investors (RII) placed bids for 1.44 times.
Funds Raised from IPO and Promoter's Role
The size of this IPO was ₹3,600 crore. No fresh equity shares were issued; instead, the promoter Tenneco Mauritius Holdings Limited sold 9.07 crore shares through the Offer for Sale (OFS) window. This means that the proceeds from the IPO will not go to the company, but to the selling shareholders. The promoters include Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Private Limited, and Tenneco LLC.
Company Introduction
Tenneco Clean Air India Limited was established in 2018. It is a subsidiary of the American company Tenneco Inc. The company manufactures clean air and powertrain products for vehicles, which help reduce vehicular emissions and pollution. These products play a crucial role in the global market for the automobile industry.
