Tenneco Clean Air India IPO Dates and Price Band
Tenneco Clean Air India is gearing up for its Initial Public Offering (IPO), with a price band set between ₹378 and ₹397 per share. The subscription period is scheduled from November 12 to November 14, with allocations for anchor investors planned for November 11. This IPO aims to raise a substantial ₹3,600 crore entirely through an offer-for-sale by its promoter, Tenneco Mauritius Holdings.
In this IPO, the company has strategically reserved shares for different categories of investors. Up to 50% of the shares are allocated for qualified institutional buyers (QIB), while non-institutional investors (NII) are allocated at least 15%. Retail investors will be able to access a minimum of 35% of the offering, making it an attractive opportunity for individuals looking to invest in the stock market.
The basis of allotment of shares is expected to be finalized on November 17, with refunds initiated on November 18. Shares will be credited to the demat accounts of successful allottees on the same day. The listing is anticipated on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 19.
Tenneco Clean Air India focuses on producing essential automotive components. With a robust presence in the Indian market, the company boasts 12 production facilities and serves a diverse clientele, including major automotive players like Ashok Leyland, Bajaj Auto, and Tata Motors. Through its affiliate, Motocare India, it also offers aftermarket products, establishing itself as a leading supplier of clean air solutions and suspension systems in the region.
Financially, Tenneco Clean Air has shown promising growth. The company recorded a profit of ₹167.8 crore for the quarter ending in June 2025, up 12% from ₹150 crore during the same period last year. Even though the revenue for the same period saw a slight increase of 1.2% to ₹1,285.6 crore, the annual profit surged by 32.5% to ₹552 crore, despite a decrease in revenue by 10.6% to ₹4,890.4 crore.
Overall, Tenneco Clean Air India’s IPO presents a compelling investment opportunity for those interested in the automotive sector. As the company continues to cater to prominent OEMs in India, investors are advised to keep an eye on the upcoming key dates and market developments.
