Tenneco Clean Air IPO Day 2: Issue sees strong NII demand, weak QIB interest so far—Check latest subscription status

Tenneco Clean Air IPO: The initial public offering (IPO) of Tenneco Clean Air Limited stepped into its second day of public subscription today, November 13, with the issue subscribed to 73 per cent so far, as per the provisional exchange data. The Rs 3,600-crore issue is entirely an offer for sale (OFS) of 9.07 crore shares.

The basis of allotment of the IPO shares is expected to be finalised on November 17, 2025, and the stock is likely to list on both the stock exchanges (BSE and NSE) on November 19, 2025, tentatively.

Tenneco Clean Air IPO subscription status

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As of 10:45 am, investors have bid for 4.86 crore shares out of the total shares on offer. The subscription includes bids primarily from institutional investors and retail investor quota who have booked the issue 2.10 times and 0.56 times out of their allotted portions, respectively.

In terms of shares, the NIIs and RIIs have booked 2.99 crore and 1.86 crore shares out of their allotted portions, respectively. The Qualified Institutional Buyers(QIBs) category is seen lagging with only 0.01 times subscription out of its reserved portion.

Tenneco Clean Air IPO details

The IPO of Tenneco Clean Air India Ltd is a book-build issue of Rs 3,600 crore, comprising an entirely OFS of 9.07 crore shares. Through OFS, Tenneco Mauritius Holdings Limited, Tenneco (Mauritius) Limited, Federal-Mogul Investments B.V., Federal-Mogul Pty Ltd and Tenneco LLC are offloading their stakes.

Price band: Rs 378 to Rs 397 per equity share

Subscription date: From November 12 to November 14, 2025

Lot size: 37 shares (minimum investment of Rs 14,689)

Allotment date: Tentatively on November 17, 2025

Listing date: Tentatively on November 19, 2025

Tenneco Clean Air India Limited company profile

Tenneco Clean Air India Limited is a subsidiary of Tenneco Inc. and deals in designing and manufacturing clean air and powertrain products for automotive applications.

Incorporated in 2018, its product portfolio includes catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust pipes.

Financially, the company reported a revenue decrease of 11 per cent while its profit after tax (PAT) rose by 33 per cent in the financial year ending March 31, 2025.