Wed Nov 19 10:50:00 UTC 2025: Here’s a summary and a news article based on the provided text:

Summary:

Tenneco Clean Air India Limited’s IPO, consisting solely of an offer for sale by promoter Tenneco Mauritius Holdings Ltd, was oversubscribed and saw a strong listing on both the NSE and BSE. The stock listed at a premium of over 25% to its issue price of ₹397. The company will not receive any proceeds from the IPO, with the funds going to the selling shareholder. The company expects the listing to enhance its visibility and provide liquidity for its shares.

News Article:

Tenneco Clean Air IPO Soars on Debut, Lists at Premium of Over 25%

Mumbai, November 19, 2025 (15:49 IST) – Shares of Tenneco Clean Air India Limited (TCAIL) made a stellar debut on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) today, listing at a significant premium over their IPO issue price. The stock opened at ₹505 on the NSE, a 27.20% jump from the ₹397 issue price, before settling at ₹490 at the end of the day. On the BSE, the stock began trading at ₹498, representing a 25.44% increase.

The Initial Public Offering (IPO), which closed with an impressive subscription rate of 58.83 times, consisted entirely of an offer for sale of 9.07 crore equity shares worth ₹3,600 crore by promoter Tenneco Mauritius Holdings Ltd. This means that the company itself will not receive any proceeds from the IPO, with the funds going directly to the selling shareholder.

Prior to the IPO, TCAIL raised ₹1,079.99 crore from anchor investors including major players such as SBI Mutual Fund, ICICI Prudential MF, HDFC MF, and global investment firms like Fidelity, BlackRock, and Goldman Sachs.

“Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India,” the firm stated in its red herring prospectus (RHP).

Tenneco Clean Air India Limited manufactures clean air, powertrain, and suspension solutions, including exhaust aftertreatment systems, catalytic converters, mufflers, shock absorbers, and struts.

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