Investor anticipation is running high for the upcoming stock market debut of Tenneco Clean Air, with strong signals emerging from the grey market. The company's shares are currently commanding a significant Grey Market Premium (GMP), suggesting the possibility of a robust listing for its initial public offering (IPO).The IPO for Tenneco Clean Air was priced in the band of ₹377 to ₹397 per share. Ahead of its official listing, the shares are trading at a premium of ₹112 in the grey market, an unofficial market where shares are traded before they are listed on the stock exchange. This indicates a high level of demand and positive sentiment among investors.Based on the current GMP, the shares of Tenneco Clean Air are expected to list at around ₹509 (₹397 IPO price + ₹112 GMP). This would translate to a handsome listing day gain of approximately 28% for investors who were allotted shares in the IPO.While the GMP is not an official indicator, it is often closely watched by market participants as it can reflect the potential demand and expected listing price of a new stock. The strong premium for Tenneco Clean Air suggests that investors are optimistic about the company's future performance and are anticipating a successful market entry. The IPO, valued at ₹1,191 crore, saw strong subscription numbers, further fueling expectations for a bumper listing.
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