Tenneco Clean Air IPO Listing Live: Shares Debut at 27% Premium; Latest Share Price, GMP & Market Updates

The Market Listing of Tenneco Clean Air India Limited was successful. Shares of Company went up 27% against the IPO price of ₹397. The Euphoria of its launch continued with an opening of ₹505 and ₹498 at NSE and BSE, respectively­–the best listing performance in the month.

After its initial spike, the stock moved with volatility the whole day ending 23.43% above the issue price, with a 3% subsequent fall until disposal at ₹490 on the NSE.

The Grey Market Mutely Chuckles

The unlisted stock was hanging out amidst the gray market at ₹514, where a 30% premium was the expected price for it. The whole hype turned into a happy at the stock market launch, indicating solid confidence from the investors.

Details of Subscription and Offering

IPO Type: Book-building, Offer for Sale

Issue Size: ₹3,600 crore

Total Shares Offered: 9.07 crore

Price Band: ₹378–₹397

Subscription: 58.83 times overall

Anchor Investor: ₹1,080 crore raised ahead of opening

Retail investors were put through the lots having a minimum subscription of 37 shares at the same time high net-worth individuals and Institutions applied with enthusiasm.

Business Performance & Financial Snapshot

Tenneco Clean Air India, a part of the global Tenneco Inc., is engaged in manufacturing clean air and powertrain technologies, including catalytic converters, diesel particulate filters (DPFs), mufflers, and exhaust systems.

Financial Highlights (FY25):

Revenue: ₹4,890 crore

PAT: ₹553 crore

EBITDA Margin: 16.67%

PAT Margin: 11.31%

ROE: 42.65%

ROCE: 56.78%

Debt: Zero-debt Company

The company operates 12 manufacturing plants across India and runs two R&D centres, integrating with the global network of 39 facilities of Tenneco.

Market Position & Industry Outlook

Tenneco Clean Air leads in emission control, with:

57% market share for clean-air systems for commercial trucks

68% in off-highway vehicles

52% in shocks and struts for passenger vehicles

Industry Drivers

Analysts believe that new emission norms, stringent regulations including BS7, CAFE, TREM V, and CPCB IV+ will substantially raise demand for more advanced emission-control technology. Premiumisation, SUV demand, and high electric vehicle penetration (expected to rise to 15–20% of PV sales by FY30) are creating more growth avenues.

RSP Fund Managers

Recommended subscribing to the shares:

a reasonable valuation of 29x FY25 P/E

strong global parentage and technology backing promoting R&D leadership

the clear market leader in clean air and vehicle performance systems

Deven Choksey Research

Pointed out:

Market dominance

Customer stickiness from technology integration

Healthy financials enabling strong growth flexibility

Operational Strength

12 auto-grade plants functioning at utilization of 55–85%

Key products include DPFs, DOCs, catalysts, mufflers, and shock absorbers

A principal OEM supplier in India, developing export presence

Current Stock Performance (Intraday Updates)

Opening: ₹505 (NSE)

High: ₹510.70

The stock's open was ₹493, hitting regular highs at ₹501.

Closing at ₹490, the lessening of market volatility is expected due to the sale of this "mostly premium listing".

Some More

Tenneco Clean Air at debut has increased investor trust in automotive part-makers at the clean mobility and emissions-technology nexus. Even with intraday fluctuations, the company shows-up forcefully on public trading's threshold with mightily thick financials, great industry endorsements for growth, and leadership in key segments.