New Delhi, 19 November (Udaipur Kiran). Tenneco Clean Air, a company specialising in emission control technologies for vehicles, delivered an impressive stock market debut today, bringing significant gains to its IPO investors. The company had issued its shares at ₹397 under the IPO. On Tuesday, the stock listed at ₹498 on the BSE and ₹505 on the NSE — a premium of nearly 27 per cent. Supported by strong buying interest, the stock gained further momentum. By 10:30 am, it was trading at ₹514.45, giving IPO investors a return of 29.58 per cent so far.
The company’s ₹3,600-crore IPO was open for subscription from 12 to 14 November and received an overwhelming response from investors. The issue was subscribed 61.79 times overall. The quota for Qualified Institutional Buyers (QIBs) was subscribed 174.78 times, while the Non-Institutional Investors (NII) segment saw 42.79 times subscription. The retail category was subscribed 5.37 times. The IPO did not include any fresh issue; instead, 9,06,80,101 shares with a face value of ₹10 were sold through an offer-for-sale (OFS).
According to the company’s Draft Red Herring Prospectus (DRHP) filed with SEBI, its financial performance has strengthened consistently. Tenneco Clean Air reported a net profit of ₹381.04 crore in FY 2022-23, which increased to ₹416.79 crore in FY 2023-24 and further jumped to ₹553.14 crore in FY 2024-25. In the current financial year, the company has already recorded a net profit of ₹168.09 crore in the first quarter (April–June 2025).
However, the company’s revenue trend has seen fluctuations. Total income stood at ₹4,886.96 crore in FY 2022-23, rising to ₹5,537.39 crore in FY 2023-24 but later declining to ₹4,931.45 crore in FY 2024-25. In the ongoing financial year, the company has achieved revenue of ₹1,316.43 crore in the first quarter alone.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
