Tenneco Clean Air India’s Initial Public Offer to open on Wednesday, November 12, 2025
FinTech BizNews Service
Mumbai, November 7, 2025: Tenneco Clean Air India Limited (The “Company”), shall open the Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, November 12, 2025.
The Price Band of the Offer has been fixed at Rs378 to Rs397 per Equity Share. (“Price Band”).
Arvind Chandrasekharan, Whole-Time Director and Chief Executive Officer, Tenneco Clean Air India Limited.
Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. (“Minimum Bid Lot”)
The initial public offer of Equity Shares of face value Rs10 per share (“Total Offer Size”) comprises an Offer for Sale aggregating up to Rs36,000 million (Rs3,600 crore) by Tenneco Mauritius Holdings Limited (“Promoter Selling Shareholder”).
The Anchor Investor Bidding Date shall be Tuesday, November 11, 2025. The Bid/Offer shall open on Wednesday, November 12, 2025 and close on Friday, November 14, 2025.
The Floor Price is 37.80 times and the Cap Price is 39.70 times of the face value (Rs10 per share) of the Equity Shares.
Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the stock exchanges being the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and HSBC Securities and Capital Markets (India) Private Limited are the book running lead managers to the Offer ("BRLMs").
