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  1. Tenneco Clean Air share price: Stock lists at over 27% premium; here's how much investors made per lot

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Tenneco Clean Air share price: Stock lists at over 27% premium; here's how much investors made per lot

Kamal Joshi

2 min read | Updated on November 19, 2025, 09:49 IST

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SUMMARY

Tenneco Clean Air share price: The initial share sale was solely an offer for sale of 9.07 crore equity shares worth ₹3,600 crore by promoter Tenneco Mauritius Holdings Ltd. As there was no fresh issue component, the company will not get any proceeds from the IPO. The money raised will go to selling shareholder.

Tenneco Clean Air IPO had set a price band of ₹378 to ₹397 per share. | Image: LinkedIn/Tenneco Clean Air

Tenneco Clean Air IPO had set a price band of ₹378 to ₹397 per share. | Image: LinkedIn/Tenneco Clean Air

Tenneco Clean Air share price: Shares of Tenneco Clean Air India, part of US-based Tenneco Group, made a robust debut on the stock exchanges on Wednesday, November 19.
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The stock listed at ₹505 apiece on the National Stock Exchange (NSE), reflecting a premium of 27.20% over the IPO issue price of ₹397.

On the BSE, it started trading at ₹498, up 25.44% from the issue price.

Tenneco Clear Air IPO: Here's how much investors made

A lot consisted of 37 shares. Investors who received the Tenneco Clear Air IPO allotment made ₹18,685 per lot.

The initial share sale was solely an offer for sale of 9.07 crore equity shares worth ₹3,600 crore by promoter Tenneco Mauritius Holdings Ltd. As there was no fresh issue component, the company will not get any proceeds from the IPO. The money raised will go to selling shareholder.

"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 said in its red herring prospectus (RHP).

The IPO was subscribed 58.83 times, with bids for 3,92,21,37,751 equity shares compared to 6,66,66,666 shares on offer.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers1,90,47,6173,16,98,44,427166.42
Non-Institutional Investors1,42,85,71558,20,17,65940.74
Retail Investors3,33,33,33417,02,75,6655.11
Total6,66,66,6663,92,21,37,75158.83

The company's promoters include Tenneco (Mauritius) Ltd, Tenneco LLC, Tenneco Mauritius Holdings Ltd, Federal-Mogul Investments BV and Federal-Mogul Pty Ltd.

Before the IPO, the firm raised ₹1,079.99 crore from anchor investors, including SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, SBI Life Insurance, Fidelity, ICICI Prudential Life Insurance, Nomura Funds Ireland, BlackRock, Norway's Government Pension Fund Global, Abu Dhabi Investment Authority and Goldman Sachs.

Tenneco Clean Air India Limited is into the manufacturing of crucial, highly engineered and technology-intensive clean air, powertrain and suspension solutions. Its product portfolio includes exhaust aftertreatment systems, catalytic converters, mufflers, shock absorbers and struts.

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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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