Tenneco Share News: Shares of Tenneco Clean Air India have made a strong debut in the Indian stock market on Wednesday, 19 November. On Wednesday’s trading day, the company’s shares were listed at Rs 498 on BSE at a premium of more than 25 percent.
The company’s shares were listed on NSE at Rs 498. Which shows a premium rate of 27 percent. The share price of the company was fixed at Rs 397 on both the exchanges. Investors had placed bets on Tenneco Clean Air India shares between November 12 and November 14.
Company’s condition in stock market
Shares of Tenneco Clean Air India are registering a rise on BSE on Wednesday, the third trading session of the week. At around 2:05 pm, the company’s shares are trading at Rs 499.70 on BSE. A jump of about 25 percent or Rs 102 is being seen in the shares.
The company shares had reached a high level of Rs 517 during the trading day. At the same time, a rise of about Rs 102 or 25 percent is being seen in the company’s shares on NSE and it is trading at Rs 502. During the trading day the company shares had reached a high level of Rs 517. The market cap of the company is around Rs 20,222 crore.
Investors had expressed confidence in the IPO
Investors had expressed their confidence in the IPO of Tenneco Clean Air. A total of 61.79 times investors had placed bets on company shares. The company got 5.37 times subscribers in the retail investors category. Whereas non-institutional investors had subscribed the IPO 42.79 times.
The company had made a lot of 37 shares. That means, investors had to make a lump sum investment of Rs 14,689.
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