The Tenneco Clean Air India IPO has made headlines after raising ₹1,079 crore from anchor investors ahead of its public issue. This impressive start highlights strong investor confidence in the company’s prospects and growth potential.
What is Tenneco Clean Air India IPO?
Tenneco Clean Air India Ltd is a subsidiary of the US-based Tenneco group, a leading global supplier of automotive components. The company focuses on clean air and emission control systems for vehicles, aligning with India’s growing focus on green and sustainable technology in the automobile sector.
Tenneco Clean Air India IPO Price Band and Lot Size
The IPO price band is set between ₹378 and ₹397 per share, with a minimum lot size of 37 shares. Investors must apply for at least one lot to participate. The IPO opens for public subscription on 12 November 2025 and closes on 14 November 2025.
Anchor Investors and Their Participation
Before opening to the public, Tenneco Clean Air India successfully raised ₹1,079 crore from anchor investors on 11 November 2025. The company allotted over 2.72 crore shares at ₹397 each. This strong anchor book participation reflects solid institutional trust in Tenneco’s performance and industry leadership.
Major participants in the anchor round include:
- SBI Mutual Fund
- HDFC Mutual Fund
- ICICI Prudential Mutual Fund
- Kotak Mahindra Mutual Fund
- Nomura Funds Ireland
- BlackRock Global Funds
- Goldman Sachs Funds
- Axis Mutual Fund
- Motilal Oswal Mutual Fund
- Canara Robeco Mutual Fund
Top Allocations in the IPO
Some of the largest allocations went to:
- Nomura Funds Ireland – 6.12%
- Aranda Investments – 5%
- BlackRock Global – 5%
- Abu Dhabi Investment Authority – 5%
- Goldman Sachs Funds – 5%
This level of global investor participation demonstrates growing international interest in Indian clean-tech manufacturing and automotive innovation.
Tenneco Clean Air India IPO GMP (Grey Market Premium)
As of 11 November 2025, the Tenneco Clean Air India IPO GMP stands at ₹55 per share. With the upper price band fixed at ₹397, this implies a potential listing price around ₹452, suggesting a 14% premium in the grey market.
The Grey Market Premium (GMP) represents the extra amount investors are willing to pay for shares before listing. A rising GMP often signals strong demand and optimistic sentiment toward the IPO.
Tenneco Clean Air India IPO Details
The IPO is a book-built issue totaling ₹3,600 crore, entirely an Offer for Sale (OFS). This means existing shareholders — mainly Tenneco Mauritius Holdings — are selling their stake, while the company itself will not receive fresh capital from this issue.
The lead managers for the IPO are:
- JM Financial
- Citigroup Global Markets India
- Axis Capital
- HSBC Securities and Capital Markets (India)
The registrar for the issue is MUFG Intime India Pvt. Ltd.
Why Investors Are Watching Closely
The Tenneco Clean Air India IPO is drawing heavy attention because of several factors:
- High participation from global and domestic institutional investors
- Strong presence in the fast-growing clean and emission control technology sector
- Healthy GMP indicating a strong listing outlook
If market momentum continues, this IPO could debut at a premium and deliver attractive listing gains to investors.
Final Thoughts
The Tenneco Clean Air India IPO has already established strong market buzz with significant anchor investments and a positive IPO GMP. The company’s focus on sustainable automotive technologies and its strong investor lineup make it one of the most anticipated IPOs this month. Investors should, however, review fundamentals before applying, as long-term performance will depend on the company’s ability to grow profitably in India’s evolving clean-tech space.
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