Tenneco Clean Air India IPO listed at a 25%+ premium. Read full market wrap, sector insights, and investor outlook.
📊 Market Overview
Tenneco Clean Air India Ltd., a subsidiary of global auto-component giant Tenneco Inc., successfully completed its ₹3,600 crore IPO between November 12–14, 2025. The issue was entirely an Offer for Sale of 9.07 crore shares, priced in the band of ₹378–₹397 per share4.
On November 19, 2025, the shares debuted at ₹505 on NSE and ₹498 on BSE, delivering a 27% listing premium over the issue price.
🔎 Key Highlights
- IPO Subscription: Strong demand across retail, QIB, and HNI categories.
- Grey Market Premium (GMP): Peaked at ~₹103, indicating ~30% upside before listing.
- Financials: Reported revenue of ₹4,931 crore in FY25 with net profit of ₹553 crore, up from ₹416 crore in FY24.
- Sector Sentiment: Auto-component and clean air technology firms are gaining traction amid stricter emission norms and sustainability focus.
🌍 Global & Industry Context
- Clean Air Technology: Rising demand for emission control systems in India and abroad.
- Policy Support: Government initiatives on clean mobility and stricter BS-VI norms boost sector outlook.
- Global Cues: Auto demand recovery in Europe and Asia supports investor sentiment.
📈 Technical Snapshot
- Support Levels: ₹480
- Resistance Levels: ₹520
- Analysts suggest cautious optimism, with potential upside if volumes sustain above ₹500.
🔮 Investor Outlook
- Short-Term: Listing gains rewarded IPO investors with ~25–27% upside.
- Medium-Term: Strong fundamentals and sector tailwinds may support continued growth.
- Risks: Market volatility, global auto demand cycles, and raw material costs.
❓ FAQs
Q1: What was the Tenneco Clean Air IPO price band? ₹378–₹397 per share.
Q2: How did the stock perform on listing day? It listed at a 25–27% premium, debuting at ₹505 on NSE.
Q3: Is Tenneco Clean Air India a good long-term bet? With strong financials and clean air technology demand, it shows promise, but investors should monitor sector risks.
