The Tenneco Clean Air IPO entered the market on November 12, instantly drawing attention across Dalal Street. With its focused business model and a fully Offer for Sale issue, the company’s public offering is now one of the closely tracked events in the stock market today. The IPO remains open until November 14, giving investors three days to participate.
What makes this IPO stand out is its structure—no fresh shares, only a large OFS from the promoter. And that sets a different tone for the market narrative around this issue.
Market Performance
- IPO Open Dates: November 12 to November 14
- IPO Price Band: ₹378 – ₹397 per share
- Issue Size: Entirely an Offer for Sale
- OFS Value: ₹3,600 crore
- New Equity Issued: None
- Listing Exchanges: BSE and NSE
As no new shares are being issued, the entire IPO proceeds will be routed to the selling shareholder.
Tenneco Clean Air IPO Subscription Status
As per available data for the second bidding day:
- Overall Subscription: 2.93 times
- Retail Portion: Data not stated in detail in the reference
- Subscription Window: November 12–14
By the second day, the numbers reflected rising interest across categories, signaling a steady participation trend as the issue approached its final day.
Main News: What the IPO Offers
The Tenneco Clean Air IPO is entirely an Offer for Sale (OFS) by its promoter, Tenneco Mauritius Holdings Ltd. The ₹3,600 crore issue will not bring any fresh capital to the company, as all proceeds will go directly to the selling shareholder.
This also means the company’s capital structure remains unchanged, and its focus continues on ongoing operational and market strategies rather than fundraising.
Company Details
Tenneco Clean Air India operates under a globally renowned engineering-led manufacturing group. In India, the company is a key supplier of clean air, powertrain, and suspension solutions.
Its offerings are built for:
- Indian OEMs (Original Equipment Manufacturers)
- International export markets
The company specialises in producing technology-driven, intricately designed components—solutions that are essential to automotive performance, emission control, and durability. With a product portfolio that leans heavily on precision engineering, it caters to both domestic and global automotive ecosystems.
The company’s operations support several segments, focusing on systems that reduce emissions, improve fuel efficiency, and enhance vehicle stability. This positions it as a key player within India’s vehicle manufacturing supply chain.
Tenneco Clean Air IPO Details in One Look
- Issue Type: Offer for Sale
- OFS Proceeds: Entirely to the selling shareholder
- Price Band: ₹378–397 per share
- IPO Duration: November 12–14
- No Fresh Issue: The Company receives no direct capital from the IPO
These details indicate a straightforward market offering, where the objective is share dilution by the promoter, not fundraising for immediate business expansion.
Summary
The Tenneco Clean Air IPO subscription status shows healthy traction as the issue moves closer to its final bidding day. The fully OFS structure gives the market a clear view—this IPO is about promoter exit, not capital infusion. With a price band of ₹378–₹397, the issue size of ₹3,600 crore, and a business focused on high-precision clean air and powertrain solutions, Tenneco Clean Air enters the market offering clarity and scale.
Key Highlights:
- Public issue open from November 12 to 14
- Entirely an OFS worth ₹3,600 crore
- No new shares issued.
- Price band at ₹378–₹397
- Subscription at 2.93 times by Day 2
- Business focused on clean air, suspension, and powertrain solutions for Indian and global OEM markets
The IPO now heads toward completion as investors track final bidding numbers and prepare for listing on the BSE and NSE.
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