Fri Nov 21 04:10:00 UTC 2025: News Article:

Tenneco Clean Air India Makes Stellar Debut on Dalal Street with 27% Premium

Mumbai, November 19, 2025 – Tenneco Clean Air India Ltd, a subsidiary of U.S.-based Tenneco Inc., has made a strong entry into the Indian stock market, listing on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) today with a substantial premium over its IPO price.

The company’s shares opened at ₹505 on the NSE, a 27.20% increase (₹108 premium) over the IPO price of ₹397. On the BSE, the shares debuted at ₹498, marking a 25.44% premium (₹101 premium).

The ₹3,600 crore IPO, which closed on November 14, 2025, was an entirely Offer for Sale (OFS) of 9.07 crore shares. The IPO price band was set between ₹378 and ₹397 per share. Retail investors were required to invest a minimum of ₹14,689 for a lot of 37 shares at the upper price band.

The IPO witnessed robust investor demand, with an overall subscription rate of 61.79 times. Retail Individual Investors (RIIs) subscribed 5.37 times, Non-Institutional Investors (NIIs) subscribed 42.79 times, and Qualified Institutional Buyers (QIBs) led the charge with a subscription rate of 174.78 times.

Tenneco Clean Air India Ltd specializes in manufacturing high-technology automotive components, including clean-air (after-treatment/exhaust) systems, powertrain solutions, and advanced ride technologies, for both domestic and export markets.

The company reported revenue of approximately ₹4,931 crore and a net profit of around ₹553 crore in FY 2025. In comparison with FY 2024’s revenue of ₹5,537 crore and profit of ₹417 crore.

The company will not receive any proceeds from the Offer. All Offer Proceeds will be received by the Promoter Selling Shareholder, after deduction of Offer related expenses and relevant taxes.

This impressive market debut signals strong investor confidence in Tenneco Clean Air India’s future prospects within the automotive component manufacturing sector.

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