Tenneco clean air ipo gmp: Can Tenneco India’s 3% Revenue Share Justify Apollo’s Global Valuation?

We are watching the launch of the Tenneco Clean Air India Ltd (Tenneco India) IPO with interest. The company is set to raise around ₹3,600 crore via an offer for sale, at a price band of ₹378‑397 per share. What catches our eye is this: India contributes only about 3% of the global revenue of its parent, Tenneco Inc. (now held by Apollo Global Management). At the same time, the grey market premium (GMP) for the IPO is showing strong signals, indicative of high investor excitement. We’ll explore how Tenneco India’s business stacks up. We’ll look at the GMP trend, compare revenue shares, dig into the market outlook, and ask: Does the small Indian slice truly justify the global valuation?