Tenneco Clean Air India Ltd IPO: The IPO of Tenneco Clean Air India Ltd has received 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 in the gray market at a premium of 31 percent i.e. Rs 123, 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% 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.
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