Tenneco Clean Air IPO Day 1: Check live subscription status, price band, lot size and key dates

Tenneco Clean Air IPO: The initial public offering of Tenneco Clean Air India Ltd, which is part of the US-based Tenneco Group, opened for subscription on Wednesday, November 12.

The ₹3,600 crore initial share sale, with a price band of ₹378 to ₹397 per share, is exclusively an offer for sale (OFS) of 9.07 crore shares by promoter Tenneco Mauritius Holdings Limited. There is no fresh issue component.

Tenneco Clean Air IPO Day 1: Subscription status

Tenneco Clean Air IPO: Lot size

The minimum application size is one lot, consisting of 37 shares. Half of the net offer is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Before the IPO, the company raised ₹1,079.99 crore from anchor investors, including SBI Mutual Fund (MF), HDFC MF, ICICI Prudential MF, SBI Life Insurance, Nomura Funds Ireland, Fidelity, ICICI Prudential Life Insurance, BlackRock, Norway's Government Pension Fund Global, Goldman Sachs and Abu Dhabi Investment Authority.

Tenneco Clean Air IPO: Key dates

Axis Capital, Citigroup Global Markets India, JP Morgan India, Morgan Stanley India, and Jefferies India are the IPO's book-running lead managers, while KFin Technologies is the registrar.

Tenneco Clean Air India manufactures and supplies clean air, powertrain and suspension products to Indian original equipment manufacturers (OEMs) and export markets.

Its product portfolio includes catalytic converters, mufflers, diesel particulate filters (DPFs), and exhaust pipes.

Tenneco Clean Air IPO GMP

According to media reports and investorgain.com, unlisted shares of Tenneco Clean Air India are trading at ₹458, reflecting a grey market premium of 15.37%, or ₹61, over the upper price band of ₹397.