IPO Schedule
1
Open
12 Nov
2
Close
14 Nov
3
Allotment
17 Nov
4
Listing
19 Nov
Tenneco Clean Air India Ltd IPO
Issue:₹397
List:₹428.76
CMP:₹549
BSELot: 37Auto Ancillaries
LISTEDMAINBOARD
Issue Price₹397
Listing₹428.76
Current₹549
Content
About Tenneco Clean Air India Ltd
Tenneco Clean Air India Ltd is a leading manufacturer of clean air solutions, specializing in catalytic converters, particulate filters, and exhaust systems for the automotive industry. The company caters to both domestic and international markets, playing a crucial role in emission control and environmental sustainability.
Subscription Status
QIB
0.01x
NII
1.16x
Retail
0.37x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 174.78x | 2.46x | 0.01x |
| NII | 42.79x | 7.57x | 1.16x |
| Retail | 5.37x | 1.53x | 0.37x |
| Total | 61.79x | 3.09x | 0.44x |
Risk Factors
•Dependence on the automotive industry, making it vulnerable to cyclical downturns and shifts in automotive technology (e.g., electric vehicles).
•Exposure to fluctuations in raw material prices (e.g., precious metals) used in catalytic converters.
•Intense competition from both domestic and international players in the automotive component manufacturing sector.
Promoters & Management
The key management team includes: Arvind Chandrasekharan (Whole-Time Director and Chief Executive Officer), Mahender Chhabra (Chief Financial Officer), and Roopali Singh (Company Secretary and Compliance Officer). The Board of Directors comprises Niranjan Kumar Gupta (Chairman and Independent Director), Arvind Chandrasekharan (Whole-Time Director and Chief Executive Officer), Manavendra Singh Sial (Non-Executive Director), Nathan Patrick Bowen (Non-Executive Director), Prakash Mahesh (Non-Executive Director), Utsav Baijal (Non-Executive Director), Gopika Pant (Independent Director), and Jaidit Singh Brar (Independent Director). The management team has extensive experience in the automotive industry and is supported by a skilled workforce.