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NYSE:TEN 16 November 2025

Tenneco Clean Air India IPO: GMP Nears ₹123 on 16 November, 60x Subscription Sets Up Big Listing on 19 November

Tenneco Clean Air India IPO: GMP Nears ₹123 on 16 November, 60x Subscription Sets Up Big Listing on 19 November

Tenneco Clean Air India’s ₹3,600 crore IPO closed with subscriptions at nearly 59–62 times, making it one of the quarter’s largest. The basis of allotment is due Monday, with listing set for Wednesday, 19 November 2025, on BSE and NSE. Grey market premium stands at ₹123 per share, implying a 31% premium over the issue price. The IPO is a 100% offer-for-sale by Tenneco Mauritius Holdings and other promoters.
16 November 2025

Stock Market Today

  • 3 Reasons to Avoid Adobe Stock and a Better Pick Instead
    March 20, 2026, 7:21 PM EDT. Adobe's stock has fallen 32.4% since September 2025, dropping to $246.27 amid concerns over slowing growth. The company's annual recurring revenue (ARR) grew 13% last year, lagging the software sector. Analysts project revenue growth to slow to 8.5% over the next 12 months, signaling potential demand challenges. Adobe's operating margin, a key profitability metric including stock-based compensation (SBC) costs, has remained flat around 36.6%, raising concerns about expense management. Trading at 3.8 times forward price-to-sales, Adobe's valuation is fair but offers limited upside. Instead, investors may prefer more resilient names like companies owning brands such as Taco Bell, seen as stronger long-term plays in uncertain markets.
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