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Tenneco Clean Air India's ₹3,600-crore IPO, priced at ₹397/share, raised ₹1,080 crore from anchor investors ahead of its November 19 listing.
Tenneco Clean Air India, a subsidiary of US-based Tenneco, raised ₹1,080 crore from 58 anchor investors ahead of its ₹3,600-crore IPO, which opened on November 12, 2025, and closed on November 14.
The offer, entirely an Offer for Sale by the promoter, priced shares at ₹397 each, with proceeds going to the seller, not the company.
The IPO, managed by JM Financial, Citigroup, Axis Capital, and HSBC, reserved 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
The company, a leading supplier of clean air and suspension systems in India, operates 12 manufacturing plants and two R&D centers, serving major automakers.
It reported strong financials in FY25, with net profit rising 20.5% to ₹553 crore and EBITDA margin improving to 16.7%.
Shares are set to list on November 19.
La OPI de ₹ 3,600 crores de Tenneco Clean Air India, con un precio de ₹ 397 / acción, recaudó ₹ 1,080 crores de inversores ancla antes de su cotización el 19 de noviembre.