Tenneco Clean Air India made a solid debut on Wednesday, listing at ₹505 on NSE, a sharp 27.2% premium over its issue price of ₹397. The pre-open settlement confirmed strong buying interest, and the stock listed above the expected premium range, indicating robust investor sentiment.
The upbeat listing comes after the IPO saw massive interest during the subscription window, which closed on November 14.
Strong Subscription Backing the Listing
The Tenneco Clean Air IPO was subscribed 58.83× on the final day, reflecting strong demand across investor categories. This strong subscription momentum translated into a favourable listing today.
Below is the recap of the IPO timeline:
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IPO Opened: November 12
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IPO Closed: November 14
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Allotment Finalised: November 17
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Refunds Initiated: November 18
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Shares Credited to Demat: November 19
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Listing Date: November 19
Investors who received allotment saw their shares credited this morning, while non-allottees had their refunds initiated on Tuesday.
Allotment Status Already Finalised
The allotment for the Tenneco Clean Air IPO was completed on November 17. Applicants were able to check their status through the registrar MUFG Intime India Pvt Ltd, along with BSE and NSE platforms.
Methods to check allotment included:
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Registrar’s allotment portal (MUFG Intime India Pvt Ltd) using application number, PAN, or demat details
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BSE allotment page under the Equity section
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NSE IPO dashboard after PAN-based login
The allotment update was one of the most tracked developments this week due to the high subscription levels.
Listing Day Reaction
The stock opened at ₹505, significantly above the issue price of ₹397, delivering 27.2% listing gains. It listed as per premiums indicated in the grey market but also slightly above expectations, signalling confidence in the company’s clean air systems business.
The listing marks the final step in the IPO journey, which saw heavy participation from retail, institutional, and non-institutional investors.
