Price Band has been fixed at ₹ 378 to ₹ 397 per Equity Share.
The Floor Price is 37.80 times and the Cap Price is 39.70 times of the face value (₹ 10 per share) of the Equity Shares.
Bid / Offer will open on Wednesday, November 12, 2025 and close on Friday, November 14, 2025 (“Bid Dates”).
The Anchor Investor Bidding Date shall be Tuesday, November 11, 2025.
Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. (“No. of Bids”)
RHP Link: http://jmfl.com/Common/getFile/5370
National, November 07, 2025: Tenneco Clean Air India Limited (The “Company”), shall open the Bid/Offer in relation to its initial public offer of Equity Shares on Wednesday, November 12, 2025.
The Price Band of the Offer has been fixed at ₹ 378 to ₹ 397 per Equity Share. (“Price Band”).
Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. (“Minimum Bid Lot”)
The initial public offer of Equity Shares of face value ₹ 10 per share (“Total Offer Size”) comprises an Offer for Sale aggregating up to ₹ 36,000 million (₹ 3,600 crore) by Tenneco Mauritius Holdings Limited (“Promoter Selling Shareholder”).
The Anchor Investor Bidding Date shall be Tuesday, November 11, 2025. The Bid/Offer shall open on Wednesday, November 12, 2025 and close on Friday, November 14, 2025.
The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the stock exchanges being the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
JM Financial Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited and HSBC Securities and Capital Markets (India) Private Limited are the book running lead managers to the Offer (“BRLMs“).
All capitalised terms used herein but not defined shall have the same meaning as ascribed to them in the Red Herring Prospectus.
The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process in accordance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation will be on a discretionary basis by our Company, in consultation with the BRLMs, in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”). In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the remaining QIB Portion (“Net QIB Portion”).
Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis only to Mutual Funds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation to Non-Institutional Investors (“Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 200,000 and up to ₹ 1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹ 1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Further, not less than 35% of the Offer shall be available for allocation to Retail Individual Investors (“Retail Portion”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. All Bidders (except Anchor Investors) shall mandatorily participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter)) in which the Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or the Sponsor Bank(s), as the case may be. Anchor Investors are not permitted to participate in the Offer through the ASBA process.
