In the fast-moving world of the stock market today, IPOs often set the tone for investors. The Tenneco Clean Air IPO opened this week, and its early bidding activity has already caught the market’s attention. With conversations around Tenneco Clean Air IPO dates, Tenneco Clean Air IPO subscription update, and Tenneco IPO bid details rising online, the demand for clear and data-backed reporting has never been higher.
Market Performance
The opening day of bidding for the ₹3,600-crore Tenneco Clean Air IPO saw a cautious start. Activity stayed muted in the broader market as well, and that tone was reflected clearly in the subscription numbers.
By 1 PM, the public issue was subscribed to 0.18 times, according to combined data from NSE and BSE. The interest was present, but the momentum was still building through the trading day.
Tenneco Clean Air IPO Subscription Update
The early picture was mixed, with one category showing more traction than the rest. The subscription patterns show which segment took the lead and where participation lagged.
Day 1 Subscription Snapshot (As of 1 PM)
- Overall Subscription: 0.18 times
- Total Offer Size: ₹3,600 crore
Category-Wise Response
Non-Institutional Investors (NIIs) turned out to be the most active during early hours.
- NII Subscription: 0.41 times
- Bids Received: 58.5 lakh shares
- Shares Offered: 1.43 crore
Inside the NII segment, the interest was split:
- Small NIIs (₹2 lakh–₹10 lakh): 0.52 times
- Large NIIs (Above ₹10 lakh): 0.36 times
Retail investors participated, but the response remained slow:
- Retail Subscription: 0.18 times
- Bids Received: 61.6 lakh shares
- Shares Reserved: 3.33 crore
Institutional participation was minimal in the first half:
- QIB Subscription: Negligible
- Bids Received: 43,956 shares
- Shares Reserved: 1.9 crore
The trend reflected typical market behaviour, where QIBs generally build momentum closer to the final day.
Tenneco Clean Air IPO Dates & Key Details
The Tenneco Clean Air IPO dates and offer structure remain important for investors tracking the market today.
Important IPO Dates
- Opening Date: November 12
- Closing Date: November 14
- Listing Date: Expected November 19 (NSE & BSE)
Offer Information
The public issue is an entirely Offer-for-Sale (OFS).
- Offer Type: OFS by Tenneco Mauritius Holdings
- Price Band: ₹378–₹397 per share
- Proceeds to Company: None (since it is 100% OFS)
Reservation Break-Up
- QIBs: 50%
- NIIs: 15%
- Retail Investors: 35%
Anchor Investment
Ahead of the IPO, the company raised ₹1,080 crore from 58 anchor investors on November 11. The anchor participation included both domestic and global institutions.
Company Details: Inside Tenneco Clean Air India
Tenneco Clean Air India operates under the US-based Tenneco Group and builds critical components for some of India’s leading automotive OEMs. Its scale and footprint give it a strong presence in the domestic auto component ecosystem.
Business Profile
- Manufactures clean air, powertrain, and suspension solutions
- Supplies to major OEMs, including:
- Maruti Suzuki
- Tata Motors
- Mahindra & Mahindra
- Hyundai
- Ashok Leyland
- Bajaj Auto
Operational Presence
- Manufacturing Facilities: 12 units across India
Financial Highlights (FY25)
- Profit: ₹552 crore
- Profit Growth: 32.5% YoY
- EBITDA Margin: 16.7%
These numbers reflect the company’s established base within the auto component space and its ability to scale operations with stable margins.
Summary
The Tenneco Clean Air IPO opened to a moderate response, led by better participation from NIIs in early trade. Retail bidding stayed slow, while QIBs largely remained on the sidelines during the initial hours. With a price band of ₹378–₹397, the IPO runs from November 12 to November 14, followed by a likely listing on November 19.
The company’s foundation remains anchored in auto component manufacturing, supported by 12 facilities across India and a strong FY25 performance showing ₹552 crore profit and 16.7% EBITDA margins.
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