Tenneco Clean Air Share Price: Stock Lists at 27% Premium — Here’s How Much Investors Earned Per Lot
Tenneco Clean Air India Limited made a strong debut on the Indian stock exchanges, listing at a 27.20% premium over its issue price of ₹397 per share.
📈 Strong Listing on NSE & BSE
- NSE Listing Price: ₹505 per share
- Premium: 27.20%
- Closing Price: ₹490 (down 2.97% from opening)
- BSE Listing Price: ₹498 per share
- Premium: 25.44%
Despite a minor dip post-listing, the overall debut remains impressive.
💰 How Much Did Investors Make Per Lot?
A single lot consisted of 37 shares.
- Profit per lot:
(₹505 – ₹397) × 37 = ₹18,685
Investors who received allotment pocketed ₹18,685 per lot on listing day.
📊 IPO Details & Subscription
The IPO was a pure Offer for Sale (OFS) of 9.07 crore shares, worth ₹3,600 crore, by promoter Tenneco Mauritius Holdings Ltd.
Since there was no fresh issue, all proceeds went to the selling shareholder.
The offering witnessed massive investor interest:
| Category | Shares Reserved | Shares Bid For | Subscription |
|---|---|---|---|
| Qualified Institutional Buyers | 1,90,47,617 | 3,16,98,44,427 | 166.42× |
| Non-Institutional Investors | 1,42,85,715 | 58,20,17,659 | 40.74× |
| Retail Investors | 3,33,33,334 | 17,02,75,665 | 5.11× |
| Total | 6,66,66,666 | 3,92,21,37,751 | 58.83× |
🔎 Anchor Investors
Before listing, Tenneco Clean Air raised ₹1,079.99 crore from marquee anchor investors such as:
- SBI Mutual Fund
- ICICI Prudential MF
- HDFC MF
- SBI Life Insurance
- Fidelity
- BlackRock
- Nomura
- Abu Dhabi Investment Authority
- Norway’s Government Pension Fund Global
- Goldman Sachs
🏭 About Tenneco Clean Air India
Tenneco Clean Air India Ltd specializes in clean air, powertrain, and suspension solutions.
Its product range includes:
- Exhaust after-treatment systems
- Catalytic converters
- Mufflers
- Shock absorbers
- Struts
The company aims to leverage its public listing to enhance brand visibility and strengthen its presence in the Indian automotive component market.
