Tenneco Clean Air India Ltd made a strong market debut on Wednesday, listing at a significant premium to its issue price following robust investor demand during the initial public offering (IPO).

The stock opened at Rs 505 on NSE, reflecting a 27.20 per cent premium over the IPO price of Rs 397. On BSE, shares began trading at Rs 498, marking a 25.44 per cent premium. Advertisement

The IPO saw substantial interest across all investor categories. The Rs 3,600-crore public issue was subscribed 58.83 times, receiving bids for about 392 crore shares against 6.66 crore shares on offer.

The offer was entirely an offer-for-sale (OFS), with no fresh equity being issued. Consequently, all proceeds will go to the selling shareholder, Tenneco Mauritius Holdings.

Other promoter group entities par

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