Tenneco Clean Air shares make strong market debut with 27% listing premium
The stock opened at Rs 505 on NSE, reflecting a 27.20 per cent premium over the IPO price of Rs 397. On BSE, shares began trading at Rs 498, marking a 25.44 per cent premium.
- Nov 19, 2025,
- Updated Nov 19, 2025 9:57 AM IST
Tenneco Clean Air India Ltd made a strong market debut on Wednesday, listing at a significant premium to its issue price following robust investor demand during the initial public offering (IPO).
The stock opened at Rs 505 on NSE, reflecting a 27.20 per cent premium over the IPO price of Rs 397. On BSE, shares began trading at Rs 498, marking a 25.44 per cent premium.
The IPO saw substantial interest across all investor categories. The Rs 3,600-crore public issue was subscribed 58.83 times, receiving bids for about 392 crore shares against 6.66 crore shares on offer.
The offer was entirely an offer-for-sale (OFS), with no fresh equity being issued. Consequently, all proceeds will go to the selling shareholder, Tenneco Mauritius Holdings.
Other promoter group entities participating in the OFS include Federal-Mogul Investments BV, Tenneco LLC and Federal-Mogul Investments.
Tenneco Clean Air India is engaged in the manufacturing and supply of highly engineered, technology-intensive components used in clean air, powertrain and suspension systems.
The company caters to major Indian original equipment manufacturers (OEMs) and also serves export markets.
Tenneco Clean Air India Ltd made a strong market debut on Wednesday, listing at a significant premium to its issue price following robust investor demand during the initial public offering (IPO).
The stock opened at Rs 505 on NSE, reflecting a 27.20 per cent premium over the IPO price of Rs 397. On BSE, shares began trading at Rs 498, marking a 25.44 per cent premium.
The IPO saw substantial interest across all investor categories. The Rs 3,600-crore public issue was subscribed 58.83 times, receiving bids for about 392 crore shares against 6.66 crore shares on offer.
The offer was entirely an offer-for-sale (OFS), with no fresh equity being issued. Consequently, all proceeds will go to the selling shareholder, Tenneco Mauritius Holdings.
Other promoter group entities participating in the OFS include Federal-Mogul Investments BV, Tenneco LLC and Federal-Mogul Investments.
Tenneco Clean Air India is engaged in the manufacturing and supply of highly engineered, technology-intensive components used in clean air, powertrain and suspension systems.
The company caters to major Indian original equipment manufacturers (OEMs) and also serves export markets.