Tenneco Clear Air India IPO: US-based automotive element provider’s Indian arm, Tenneco Clear Air India Ltd, accomplished its anchor investor spherical on Tuesday, 11 November 2025. The corporate raised ₹1,079 crore from anchor traders forward of the preliminary public providing.
Tenneco Clear Air India allotted a complete of two,72,04,030 or greater than 2.72 crore fairness shares with a face worth of ₹10 apiece, at an allocation worth of ₹397 per share, in line with the official submitting.
The anchor submitting additionally confirmed that the corporate allotted a complete of 1,47,31,440 or over 1.47 crore fairness shares to 17 home mutual funds via a complete of 41 schemes.
SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, Nomura Funds Eire, BlackRock International Funds, Goldman Sachs Funds, Axis Mutual Fund, Motilal Oswal Mutual Fund, and Canara Robeco Mutual Fund had been among the many marquee traders who invested within the public challenge’s anchor ebook spherical.
Nomura Funds Eire at 6.12%, Aranda Investments at 5%, BlackRock International 5%, Abu Dhabi Funding Authority at 5%, Goldman Sachs Funds at 5%, SBI Automotive Alternatives Fund at 3.24%, HDFC Youngsters’s Fund at 2.87%, ICICI Prudential MNC Fund at 2.78%, had been among the many high allocations within the Tenneco Clear Air India IPO.
Tenneco Clear Air India IPO newest GMP
As of Tuesday, 11 November 2025, the gray market premium (GMP) of Tenneco Clear Air India IPO stood at ₹55 per share. With the higher worth band at ₹397, the corporate’s shares are anticipated to be listed at ₹452 apiece, marking a premium of 14%, in line with IPO India information.
Gray market premium (GMP) is an investor’s willingness to speculate their cash into a specific main challenge on the Indian inventory market.
Tenneco Clear Air India IPO particulars right here
Tenneco Clear Air India is providing a book-built challenge comprising a whole supply on the market (OFS) element the place the corporate goals to boost ₹3,600 crore from the Indian inventory market.
The proceeds raised from the IPO will go to the promoter promoting stakeholder, Tenneco Mauritius Holdings, and as there is no such thing as a recent challenge, the corporate won’t obtain any funds from the IPO spherical.
The corporate has mounted the worth of the general public challenge within the vary of ₹378 to ₹397 per share with rather a lot dimension of 37 shares per lot. The corporate’s IPO might be open for public bidding on Wednesday, 12 November 2025, and is scheduled to shut on Friday, 14 November 2025.
JM Monetary Ltd, Citigroup International Markets India Pvt Ltd, Axis Capital Ltd and HSBC Securities and Capital Markets (India) Pvt. Ltd are the book-running lead supervisor of the general public challenge, whereas MUFG Intime India Pvt. Ltd is the registrar of the supply.
Learn all tales by Anubhav Mukherjee
Disclaimer: This story is for instructional functions solely. The views and suggestions expressed are these of particular person analysts or broking companies, not Mint. We advise traders to seek the advice of with licensed consultants earlier than making any funding selections, as market circumstances can change quickly and circumstances could fluctuate.
Key Takeaways
- Tenneco Clear Air India allotted over 2.72 crore fairness shares at an allocation worth of ₹397 per share.
- The corporate allotted over 1.47 crore fairness shares to 17 home mutual funds.
- Tenneco Clear Air India IPO gray market premium (GMP) stood at ₹55 per share.
