Tenneco Clean Air India IPO Subcription Status: IPO Reaches 13.47 Times Subscription Ahead of Closing Today

Mumbai, November 14, 2025: The ₹3,600 crore Tenneco Clean Air India Limited (TCAIL) IPO has seen strong investor participation on its final day of bidding. As of 1:24 PM on November 14, the IPO was subscribed 13.47 times overall. The retail segment was subscribed 3.55 times, the QIB segment (excluding anchor investors) saw a subscription of 18.82 times, and the NII segment recorded a robust 29.48 times subscription.

Tenneco Clean Air India Limited is part of the global Tenneco Group. It is a leading Tier-I automotive technology supplier. The company operates 12 manufacturing facilities across India. It produces clean air systems, powertrain components, and suspension technologies for leading OEMs. The company holds significant market share across commercial vehicle, passenger vehicle, and off-highway equipment categories.

Tenneco Clean Air India Subscription Status Ahead of Closing

The subscription status rally for Tenneco Clean Air India Limited (TCAIL) IPO was largely driven by Non-Institutional Investors (NIIs). As of 1:24 PM on November 14, the NII category recorded a 29.48 times subscription, with bNII (bids above ₹10 lakh) at 34.11 times and sNII (bids below ₹10 lakh) at 20.23 times.

Qualified Institutional Buyers (QIB, excluding anchor investors) showed strong participation, subscribing 18.82 times. Meanwhile, retail investors subscribed 3.55 times, reflecting moderate interest. Anchor investors subscribed fully at 1 time.

Overall, the IPO was subscribed 13.47 times, with 6.34 crore shares on offer and 85.48 crore shares bid for, amounting to a total subscription status value of ₹33,934.84 crore.

Tenneco Clean Air India IPO Snapshot

Tenneco Clean Air IPO bidding opened for subscription on November 12, 2025, and will close on November 14, 2025. The allotment status for the Tenneco Clean Air IPO is expected to be finalized on November 17, 2025. Tenneco Clean Air IPO will list on BSE, NSE, with a tentative listing date fixed as November 19, 2025.

Tenneco Clean Air IPO price band is set at ₹378.00 to ₹397.00 per share. The lot size for an application is 37. The minimum amount of investment required by a retail investor is ₹14,689 (37 shares) (based on the upper price). The lot size investment for sNII is 14 lots (518 shares), amounting to ₹2,05,646, and for bNII, it is 69 lots (2,553 shares), amounting to ₹10,13,541.

JM Financial Ltd. is the book-running lead manager, and MUFG Intime India Pvt.Ltd is the registrar of the issue.

Tenneco Clean Air India Anchor Recap

Prior to opening its IPO to the public, the company made an anchor investment. It raised ₹1,080 crore from 58 anchor investors at ₹397 per share. These anchor investors included major domestic mutual funds and global institutions such as BlackRock, Fidelity, Nomura, and the Government Pension Fund Global.

Market Outlook

The ₹3,600 crore Tenneco Clean Air India Limited IPO has seen strong momentum on its final day, with overall subscription reaching 13.47 times. Demand has been largely driven by aggressive bids from corporates and individual investors, with notable interest from small investors even at the upper price band of ₹397. Additional subscriptions are expected before the bidding window closes.

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