Tenneco Clean Air India Limited has announced that its initial public offering will open for subscription on Wednesday, November 12, 2025, and close on Friday, November 14, 2025.
The company has fixed the price band at ₹378 to ₹397 per equity share, with a face value of ₹10 per share. The floor price represents 37.80 times the face value, while the cap price stands at 39.70 times.
The IPO comprises an offer for sale of up to ₹3,600 crore by Tenneco Mauritius Holdings Limited, the promoter selling shareholder. No fresh issue of shares is being made as part of this offering.
Bidding for anchor investors will take place on Tuesday, November 11, 2025, one day prior to the public opening. Investors can bid for a minimum of 37 equity shares and in multiples of 37 shares thereafter.
The company plans to list its shares on both BSE Limited and the National Stock Exchange of India Limited, with NSE designated as the primary stock exchange for the offer.
The public offering will follow the book-building process, with up to 50% of the offer reserved for qualified institutional buyers, at least 15% for non-institutional investors, and a minimum of 35% allocated to retail individual investors.
JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and HSBC Securities and Capital Markets (India) Private Limited are serving as book running lead managers for the transaction.
All bidders except anchor investors must participate through the Application Supported by Blocked Amount (ASBA) process, providing bank account details where the bid amount will be blocked.