The Tenneco Clean Air IPO listing turned into one of the most talked-about moments in the Indian stock market today, as the stock opened much stronger than expected. On its listing day, the stock made a confident entry, setting the tone for an active session in the IPO market.
Market Performance: A Strong Listing Day
The excitement around the Tenneco Clean Air share price today was visible right from the opening bell. On the NSE, the stock is listed at ₹505, marking a 27.20% premium over its IPO price of ₹397. On the BSE, it listed at ₹498, up 25.44% from the issue price.
The debut immediately pulled attention from traders tracking IPO listings today, making the stock one of the notable performers of the session.
Main News: Demand-Filled IPO Makes a Confident Market Entry
The Tenneco Clean Air IPO commanded strong interest during the subscription window, which ran from November 12 to November 14. With allotments completed on November 17, the stock’s listing on November 19 followed days of high market activity.
The entire issue was structured as an offer for sale (OFS) worth ₹3,600 crore, consisting of 9.07 crore shares.
Key IPO details:
- Issue size: ₹3,600 crore (entirely OFS)
- Price band: ₹378 to ₹397
- Lot size: 37 shares
- Subscription period: November 12–14
- Shares offered: 6.34 crore
The IPO saw a massive response with 61.79× overall subscription.
Breakdown of subscriptions:
- QIBs: 174.78×
- Non-institutional investors: 42×
- Retail investors: 5.37×
Ahead of the bidding window, the company also raised ₹1,080 crore from anchor investors on November 11.
The strong participation across investor categories helped create a solid base for the stock’s listing performance.
Company Details: What Tenneco Clean Air Does
Tenneco Clean Air operates under the larger Tenneco Group, a global Tier-I automotive components manufacturer. Its expertise lies in building technology-led clean air systems, powertrain components, and suspension solutions.
Its product line is widely used across multiple segments:
- Passenger vehicles
- Commercial trucks
- Off-highway equipment
- Industrial machinery
- Gensets
- Small commercial vehicles (under 3.5 tons)
- Two-wheelers and three-wheelers
The company supplies solutions to both Indian OEMs and global manufacturers, giving it a strong presence across domestic and international markets.
IPO Standout Factors: What Made It a High-Interest Listing
Even though the issue was purely an OFS, the strong subscription numbers reflected confidence from institutional and non-institutional categories alike. This momentum helped the Tenneco Clean Air share price NSE listing open comfortably above expectations, leading to a steady buzz in the IPO market throughout the day.
The structured offering, clear pricing, and the company’s established industry footprint contributed to the response it witnessed from market participants.
Summary
The Tenneco Clean Air IPO listing made a solid entry in the Indian stock market, with the shares opening at a premium of over 27% on NSE.
Key Highlights:
- Listed at ₹505 on NSE and ₹498 on BSE
- IPO price was ₹397
- The issue was ₹3,600 crore, fully OFS.
- Subscription stood at 61.79× overall.
- QIBs led with a massive 174.78× subscription.
- Strong demand supported a healthy debut.
With its wide product portfolio and established presence in global automotive supply chains, the debut of Tenneco Clean Air shares stood out in the stock market today, marking a notable moment in the ongoing market IPO calendar.
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