LIVE: Tenneco Clean Air IPO lists at 27% premium to issue price – Check latest price updates here

The stock price of Tenneco Clean Air opened at Rs 505 on the National Stock Exchange, representing a premium of 27.2% to the issue price of Rs 397. On the BSE, the stock debuted at Rs 398, a 25.44% premium. Within minutes, the stock surged over 1% to reach Rs 510.70. Geojit has endorsed Tenneco IPO with a ‘Subscribe’ rating. They state that at Rs 397, the stock is valued at 29x FY25 P/E, which is quite reasonable compared to peers. With strong parentage, market dominance in clean-air technology, and solid financials, Tenneco is well-positioned to benefit from opportunities in India’s auto sector. Deven Choksey Research believes Tenneco India is well-equipped to leverage industry tailwinds due to its leadership position, technological advancement, and financial stability.