Tenneco Clean Air India Ltd IPO: The IPO of Tenneco Clean Air India Ltd has received a tremendous response from investors. This IPO was open for subscription from November 12 to November 14, on which bets were placed more than 61 times. Now investors are eagerly waiting for the allotment of Tenneco Clean Air IPO.

How much is GMP?

Here, shares of Tenneco Clean Air India are making waves in the gray market. Shares of Tenneco Clean Air India are currently trading at a premium of 31 percent i.e. Rs 123 in the gray market, which is pointing towards its strong listing. The share price in the IPO was kept at Rs 397. In this way, if we look at the current GMP, then the shares can be listed at Rs 520. That means investors are expecting a profit of about 31 percent on the day of listing.

On November 19, 2025, shares of Tenneco Clean Air India will be listed on both BSE and NSE platforms.

IPO subscription status

Tenneco Clean Air India’s IPO received 2.93 times subscription for the second day on Thursday. Qualified institutional buyers (QIBs) were subscribed 2.34 times, while non-institutional investors (NIIs) were subscribed 7.18 times. There were 1.44 times bids from retail individual investors.

Use of funds raised from IPO

The size of the IPO of Tenneco Clean Air India was Rs 3,600 crore. In this, fresh equity shares were not issued, rather 9.07 crore shares were sold by the promoter Tenneco Mauritius Holdings Limited under the OFS window. That means the company will not get a share of the money earned from the IPO, all the money will go to the shareholders. Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments BV, Federal-Mogul Private Limited and Tenneco LLC are the promoters of the company.

What does the company do?

Tenneco Clean Air India Limited, formed in 2018, is a subsidiary of an American company Tenneco Inc. It works to make clean air and powertrain products for vehicles around the world, which help in reducing the smoke emitted from vehicles.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

Also read:

Big money in your pocket! These 7 companies are preparing to give dividend, see the complete list and know when is the record date?

Teneco Clean Air India Ltd. soon in the market. She is bringing her IPO. The company making automotive component has submitted a draft for the IPO with SEBI and wants to raise Rs 3000 crore from it. It has a total of 12 manufacturing plots in the country and has served 119 customers during the financial year 2024-25, including the top 5 OEMs making commercial trucks and the top 7 OEM of India who makes passenger vehicles.

IPO will be released soon

Draft on behalf of the company, in the Red Herring Prospectus i.e. DRHP, it has been said that the IPO will only have an offer for sale. In this, new shares will not be issued, but Moishus Holdings Ltd. Shares will be sold to the promoter on behalf of.

The original equipment manufacturers, powerful suspension solutions of the country create and supplies critical and highly engineer for export market. Axis Capital for IPO, JM Financial, HSBC Securities and Capital Markets (E) Pvt. Ltd. And book running lead managers.

Tenneco Clean Air India is a part of the IPO Tennco Group and its headquarters are in America. Its listed copytitors in India include JF Commercial Vehicle Control System, Timken India, SKF India, Sharda Motor Industries, Uno Mida etc. The financial year of Tennco Clin Air India increased to 553.1 crore during 2024-25. That is, there has been a great increase of 32.7 percent in its profit.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

Also read: Can you buy gold with credit card? Keep these things in mind before paying; Otherwise there will be strong loss