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Institutional flows often provide the clearest insight into market sentiment. On 17 December 2025, Indian equity markets saw a meaningful shift as Foreign Institutional Investors recorded net buying of ₹1,171.71 crore, while Domestic Institutional Investors added ₹768.94 crore.
This simultaneous buying by FIIs and DIIs is closely watched because it reflects confidence from both global investors and domestic institutions at the same time. Even when benchmark indices show limited movement, such data helps investors understand what smart money is doing beneath the surface.
Foreign Institutional Investors include overseas mutual funds, sovereign wealth funds, and global asset managers investing in Indian equities. Domestic Institutional Investors consist of Indian mutual funds, insurance companies, pension funds, and banks, all regulated by SEBI.
Historically, when both FIIs and DIIs are net buyers on the same day, markets tend to find support, especially during volatile or sideways phases.
On 17 Dec 2025, total institutional inflows of over ₹1,940 crore provided a stabilising influence on the market.
FII behaviour in December 2025 has been cautious due to global factors like fluctuating US bond yields, mixed cues from global indices, and evolving expectations around interest rate cuts.
Today’s FII buying suggests selective confidence rather than broad-based risk-taking. Large-cap stocks, particularly in banking, IT services, and capital goods, attracted steady overseas interest.
For FIIs, India continues to stand out among emerging markets due to stable macroeconomic indicators, controlled inflation, and consistent GDP growth projections. The inflows seen today indicate that global investors are willing to accumulate quality Indian stocks at reasonable valuations.
Domestic Institutional Investors stepped in with ₹768.94 crore of net buying on 17 December 2025, continuing their role as market stabilisers.
Indian mutual funds, backed by consistent SIP inflows, used today’s market conditions to accumulate fundamentally strong stocks. Insurance companies and long-term domestic funds focused on sectors linked to India’s growth story such as infrastructure, financial services, and manufacturing.
In recent years, DIIs have become increasingly important in absorbing FII selling pressure, making Indian markets more resilient than before.
Despite mixed global cues, institutional buying helped Indian markets avoid sharp downside today. While benchmark indices showed limited gains, the underlying breadth improved in select sectors.
Stocks with strong earnings visibility and balance sheets saw accumulation, indicating that institutional investors are positioning themselves for the medium to long term rather than chasing short-term momentum.
For retail investors, such data highlights the importance of tracking institutional trends instead of reacting to daily index movements.
When FIIs and DIIs are both net positive, it usually signals confidence in the market’s underlying strength. However, it does not mean every stock will move higher.
Retail investors should focus on quality companies, diversification, and disciplined investing. Following institutional trends can help in understanding broader market direction, but investment decisions should always align with individual financial goals and risk tolerance.
Platforms like Swastika Investmart, a SEBI-registered brokerage, provide access to detailed market insights, research-backed recommendations, and tech-enabled tools that help investors interpret such data effectively.
Is FII net buying always bullish
Not always. It indicates confidence, but markets also depend on earnings, valuations, and global factors.
How do DIIs impact market stability
DIIs often counterbalance FII selling, providing support during volatile periods through long-term investments.
Should retail investors follow FII and DII trends
Yes, as a reference point. However, decisions should be based on fundamentals and personal financial planning.
The net buying by FIIs worth ₹1,171.71 crore and DIIs worth ₹768.94 crore on 17 December 2025 reflects cautious optimism in Indian equities. While global uncertainty persists, institutional investors appear comfortable accumulating quality stocks in the Indian market.
For investors seeking clarity amid daily market noise, understanding institutional behaviour can provide valuable perspective. With strong research tools, investor education, and responsive customer support, Swastika Investmart helps investors navigate such market phases with confidence.
The Indian stock market witnessed a new-age milestone as Groww, one of India’s leading online investment platforms, made a blockbuster debut on the bourses.
Listed at over ₹150 per share against the issue price of ₹100, the stock delivered an impressive 50% premium on listing day — instantly creating a buzz across Dalal Street and retail investor communities.
Groww’s success symbolizes not just a strong IPO performance, but a broader shift in how Indian investors are embracing technology-driven finance.
Several factors aligned to make this one of the most talked-about listings of 2025.
Retail investors showed tremendous enthusiasm, with the retail portion oversubscribed more than 20 times. The low entry price and Groww’s high brand visibility made it a crowd favorite.
India’s fintech sector is riding a digital wave. With nearly 12 crore demat accounts and increasing mobile-based participation, investors see Groww as a beneficiary of the long-term digital investing trend.
Groww’s easy-to-use app, strong marketing, and focus on millennials have helped it attract over 8 crore registered users. Its simple UI and educational approach made first-time investing accessible to millions.
While earlier loss-making, Groww has shown signs of operational profitability due to rising transaction volumes, higher SIP registrations, and expansion into mutual funds, futures & options, and insurance.
The timing of the IPO — amid a bullish equity market and falling inflation — also helped attract strong institutional demand.
Groww’s performance signals that India’s fintech opportunity is far from saturated. It highlights how investors value not just profitability today, but scalability and user acquisition potential tomorrow.
However, analysts also caution that valuation discipline is key. With high expectations baked in, any slowdown in growth could lead to sharp corrections.
Swastika Investmart’s View:
“Groww’s listing success is a reflection of strong retail participation and optimism around fintech scalability. But at these valuations, investors must focus on execution, product diversification, and revenue consistency before making long-term bets.”
Post listing, Groww’s stock witnessed heavy trading volumes, especially from retail and HNI investors. Analysts believe the stock’s performance also reignited interest in upcoming digital IPOs such as Zerodha, Navi Technologies, and PhonePe (rumoured).
The broader Nifty Fintech Index rose nearly 2.8% on listing day, indicating a sector-wide confidence boost.
However, experts urge caution: short-term listing gains may not always translate into long-term returns. Investors should evaluate valuation metrics, competitive positioning, and regulatory stability before entering at elevated levels.
The success of Groww’s listing also reinforces India’s SEBI-driven vision of democratizing investment access. The regulator’s push for transparency, investor protection, and digital KYC systems has helped fintech platforms scale rapidly.
With RBI’s focus on digital finance supervision and SEBI’s tighter compliance frameworks, the ecosystem is maturing — benefitting both investors and platforms.
If you received allotment, congratulations — booking partial profit while retaining a core holding could be a balanced approach.
If you missed out, don’t chase momentum blindly. Wait for price stabilization and quarterly earnings clarity before taking new positions.
For future IPO opportunities like this, using a platform with strong research insights, seamless tech, and transparent processes — like Swastika Investmart — can make all the difference.
Swastika offers:
Q1. Why did Groww’s share price jump 50% on listing day?
Because of strong demand, high retail participation, positive market sentiment, and optimism around India’s fintech growth potential.
Q2. Is Groww profitable now?
The company is approaching operational profitability, aided by its growing user base and diversification into multiple investment products.
Q3. Should investors buy Groww shares post-listing?
Investors should exercise caution. While the company’s fundamentals are strong, valuations are high. A long-term SIP-style approach may be more prudent.
Q4. What does Groww’s success mean for Indian fintech?
It signals investor confidence in India’s digital transformation and strengthens the case for more fintech IPOs in the coming years.
Q5. How can I stay updated on upcoming IPOs and listings?
You can follow market insights and IPO reviews through Swastika Investmart’s research portal and open an account to access expert analysis.
Groww’s stellar listing is not just a financial event — it’s a symbol of India’s evolving investment culture. It reflects how technology, simplicity, and trust can redefine finance for a new generation of investors.
But as with every growth story, discipline and valuation awareness matter. For those who want to capitalize on such opportunities with data-driven insights, Swastika Investmart offers a comprehensive suite of tools, research, and investor education to help you make smarter financial decisions.
India’s consumer price index (CPI) inflation tumbled to 0.25% year-on-year in October 2025, marking a historic low since the current series began in 2012. This dramatic decline has surprised both economists and policymakers.
The primary driver? A steep fall in food prices — vegetable and pulses prices dropped by more than 25% year-on-year, while edible oils and cereals saw broad moderation. The government’s supply-side interventions, better monsoon output, and easing global commodity prices all contributed to this cooling trend.
At the same time, core inflation (excluding food and fuel) held around 4.2–4.4%, indicating that services and housing costs remain sticky. This divergence makes the RBI’s next move more complex than the headline number might suggest.
The Reserve Bank of India (RBI) has maintained its repo rate at 5.50% since June 2024, adopting a “wait and watch” stance as inflation steadily declined from its 4–6% corridor.
Now, with CPI far below the RBI’s lower tolerance limit (2%), the pressure is mounting for a rate cut in the upcoming December 2025 Monetary Policy Committee (MPC) meeting.
So, while the probability of a rate cut is high, it’s not guaranteed.
The markets have already started reacting to the inflation surprise. Let’s break down how different asset classes might behave if the RBI does move to ease policy.
Low inflation and potential rate cuts generally support stock valuations, as lower interest rates reduce the cost of capital.
Bond yields have already started falling in anticipation of a rate cut. A 25–50 bps repo rate reduction could boost long-duration bond prices significantly.
Investors with exposure to gilt funds or long-term debt funds may gain in the near term.
A softer interest-rate environment could lead to a mild rupee depreciation, especially if global investors chase higher yields elsewhere. However, strong foreign inflows into Indian equities might offset this effect.
If the repo rate is cut, EMIs on home, auto, and personal loans could decline marginally, boosting disposable income. Lower borrowing costs could also reignite demand in consumer goods and real estate.
This isn’t the first time India has faced ultra-low inflation. In 2018, CPI briefly dipped below 3%, prompting an accommodative shift by the RBI in early 2019. However, that easing cycle was short-lived when food and fuel inflation resurfaced.
The takeaway? One low print doesn’t make a trend. Investors should track inflation momentum over the next 2–3 months before making aggressive portfolio changes.
Moreover, this CPI crash also reflects a base effect and food deflation, not necessarily a structural moderation in core prices. Hence, the central bank will aim to ensure that inflation remains sustainably within its 4% midpoint target before loosening too much.
India’s GDP growth remains robust at around 6.8% (FY25 projection), supported by strong infrastructure spending and recovering private consumption. Yet, rural demand and export performance are uneven.
Thus, if the RBI does choose to cut rates, it would likely be a calibrated move—aimed at supporting growth while ensuring inflation expectations stay anchored.
Globally, too, the monetary landscape is shifting. The US Federal Reserve and European Central Bank have both paused rate hikes, with markets betting on cuts in early 2026. India’s moderation aligns with this global trend, potentially enhancing capital inflows.
Q1. Why did India’s CPI inflation fall to 0.25%?
Mainly due to a steep fall in food prices and favourable base effects from last year’s high inflation readings.
Q2. Will the RBI definitely cut rates in December?
Not necessarily. While odds of a rate cut are high, the RBI will evaluate growth data, core inflation, and global developments before deciding.
Q3. How does low inflation impact investors?
It generally boosts equity and bond markets by reducing borrowing costs, but may also signal weak demand if sustained too long.
Q4. Which sectors benefit most from a rate cut?
Banks, autos, real estate, and capital-intensive sectors tend to gain from lower rates.
Q5. How can I prepare my portfolio for this changing environment?
Diversify investments, focus on quality stocks, and consider fixed-income exposure. Consulting with Swastika Investmart’s research team can help tailor your strategy.
India’s CPI falling to 0.25% is a landmark moment — one that could reshape the country’s monetary outlook. The dramatic disinflation gives the RBI breathing room to support growth, but the December MPC decision is not a foregone conclusion.
For investors, this environment presents both opportunity and caution. Lower rates could buoy markets, yet sustained disinflation might also signal slower demand.
Whether you’re a seasoned investor or just starting out, staying informed and strategic is key.
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Capillary Technologies India Ltd, a Bengaluru-based SaaS company, is tapping the primary market with its IPO worth ₹877.5 crore. The issue comprises a fresh issue of ₹345 crore and an offer for sale (OFS) of ₹532.5 crore by existing shareholders.
The IPO will open for subscription on November 14, 2025, and close on November 18, 2025. Shares are proposed to be listed on both BSE and NSE.
Price Band: ₹549 – ₹577
Issue Size: ₹877.5 Cr
Fresh Issue: ₹345 Cr
Offer for Sale (OFS): ₹532.5 Cr
Lot Size: 25 shares
Face Value: ₹2
Listing Date: November 21, 2025
Market Cap (Post-Issue): ₹4,576.09 Cr
Swastika Rating: Avoid
Founded in India, Capillary Technologies is a global SaaS player specializing in AI-based loyalty and customer engagement solutions. Its product suite includes:
The company serves over 410 brands across 47 countries, particularly in retail, BFSI, and hospitality sectors.
After two years of losses, Capillary turned profitable in FY25, posting a net profit of ₹14.15 crore. However, profitability remains modest, and the company’s valuation at nearly 299× P/E raises red flags for conservative investors.
✅ Market Leadership in Loyalty SaaS: Among Asia’s top loyalty and engagement solution providers.
✅ AI-Driven Personalization: Strong analytics capabilities improve brand–customer relationships.
✅ Global Reach: Presence in over 47 countries, with focus on retail and BFSI.
✅ Experienced Management: Deep domain expertise in enterprise technology and SaaS scalability.
⚠️ Aggressive Valuation: At nearly 299× earnings, the IPO appears significantly overvalued versus global peers like Salesforce (P/E ~40) and Adobe (P/E ~29).
⚠️ High OFS Component: Over 60% of the issue is Offer for Sale, meaning limited fresh capital infusion for business growth.
⚠️ Client Concentration: Heavy dependence on a few large enterprise clients could impact revenue stability.
⚠️ Tech Disruption Risk: Operating in a fast-evolving SaaS space demands continuous innovation and R&D spending.
⚠️ Global Competition: Faces stiff competition from Salesforce, Adobe, HubSpot, and others in international markets.
While Capillary Technologies has achieved a turnaround by reporting profits in FY25, the valuation premium is difficult to justify. With a modest 2.76% ROCE and limited domestic comparables, the IPO is priced much higher than global peers with stronger margins and balance sheets.
Swastika Investmart’s Outlook:
Given the aggressive pricing, high OFS component, and limited profitability track record, Swastika recommends Avoid for long-term investors. Short-term listing gains, if any, could be limited due to stretched valuations.
The IPO arrives at a time when India’s SaaS sector is gaining momentum globally, driven by demand for digital transformation and loyalty solutions. While this offers a long-term structural tailwind, investor appetite remains selective—focusing on companies with consistent profitability and scalable margins.
For instance, past SaaS listings like Freshworks witnessed post-listing volatility despite global brand presence—highlighting how profitability remains the key valuation driver.
If you are a risk-averse or conservative investor, this IPO might not fit your profile. The company’s profitability turnaround is still nascent, and with a major OFS, the proceeds largely benefit existing shareholders.
However, if you have a high-risk appetite and long-term faith in India’s SaaS growth, you may consider tracking the stock post-listing for potential entry opportunities at lower valuations.
Q1. What are the Capillary Technologies IPO dates?
The IPO opens on November 14, 2025, and closes on November 18, 2025.
Q2. What is the IPO price band and lot size?
The price band is ₹549–₹577 per share, and the lot size is 25 shares.
Q3. What is Swastika Investmart’s recommendation on the Capillary Technologies IPO?
Swastika has rated the IPO as Avoid due to its high valuation and limited profit history.
Q4. How does Capillary compare with global peers like Salesforce or Adobe?
Capillary’s P/E ratio (~299×) is far higher than global SaaS leaders like Salesforce (40×) or Adobe (29×), making it relatively overvalued.
Q5. What will Capillary use its IPO proceeds for?
Funds will go toward product R&D, cloud infrastructure, and system upgrades.
Capillary Technologies has demonstrated operational turnaround and solid market positioning in the loyalty SaaS segment. However, valuation comfort remains a concern, making the IPO suitable only for investors with high-risk tolerance.
For investors seeking balanced and research-driven decisions, Swastika Investmart offers SEBI-registered advisory, advanced research tools, and 24×7 support to help you navigate India’s IPO and equity landscape confidently.

The IPO market is heating up again with two buzzing issues — Tenneco Clean Air India and Fujiyama Power Systems Limited. Both cater to India’s clean-tech evolution but in distinct ways: one ensures cleaner automobile emissions, while the other powers homes and EVs through renewable energy.
For investors deciding where to park funds this week, here’s an expert comparison backed by Swastika Investmart’s research insights.
Fujiyama Power Systems Ltd., part of the UTL Group, manufactures solar panels, inverters, lithium-ion batteries, and hybrid rooftop systems. With operations spanning Greater Noida, Parwanoo, Bawal, and Dadri, the company has built a strong domestic and export presence.
IPO Details
Objects of the Issue
Business Strengths
Key Risks
Analyst View:
Fujiyama’s growth trajectory is impressive, supported by a strong brand network and rising solar adoption. However, at a P/E of ~40×, the issue appears fully priced. While long-term investors may find value in its clean-energy positioning, listing-gain seekers should temper expectations.
Tenneco Clean Air India, a subsidiary of the US-based Tenneco Inc., is a leading manufacturer of automotive emission control and after-treatment systems. It supplies to OEMs like Tata Motors, Ashok Leyland, and Hyundai.
Highlights (as per industry sources)
Analyst Outlook:
Tenneco Clean Air offers steady growth and technological credibility in the auto component space. While its OFS-based IPO won’t fund new projects, investors seeking stability and diversified auto exposure may find it appealing.
Both IPOs reflect India’s transition toward clean and sustainable technologies.
Swastika Investmart’s Verdict: Neutral on Fujiyama; Positive on Tenneco for long-term holders.
As markets continue to reward quality IPOs, investors should evaluate sectoral trends, fundamentals, and valuation comfort before subscribing. Platforms like Swastika Investmart offer registered research, AI-enabled screeners, and dedicated support to help you make informed decisions.
1. What is the Fujiyama Power Systems IPO price band and size?
It is priced at ₹216 – ₹228 per share with a total issue size of ₹828 crore (₹600 crore fresh + ₹228 crore OFS).
2. What is Swastika Investmart’s rating for the Fujiyama IPO?
Swastika Investmart has assigned a Neutral rating, citing robust growth but fully priced valuations.
3. What is the listing date for Fujiyama Power Systems?
The shares are scheduled to list on 20 November 2025 on BSE and NSE.
4. Which IPO is better — Fujiyama or Tenneco?
Tenneco offers steady auto sector exposure; Fujiyama offers high growth in clean energy with higher risk. Choice depends on your investment horizon and risk profile.
5. How can investors apply for these IPOs?
You can apply through your Swastika Investmart trading account online using UPI or net-banking.
The Indian IT sector woke up to yet another bullish day on Dalal Street, thanks to a surprising — yet market-moving — comment from former US President Donald Trump. His latest statement on H-1B visas, often a politically charged topic in US elections, struck an unexpectedly positive tone, driving optimism across Indian technology stocks.
For investors tracking global cues, this development is more than just a one-day headline. It reflects the deep-rooted link between India’s IT talent pool and US immigration policy — a connection that can move billions in market capitalization within hours.
The H-1B visa program allows US employers to hire skilled foreign workers, especially in fields like technology, engineering, and data science. Over 70% of all H-1B visas are issued to Indians, primarily employed by giants such as Infosys, TCS, Wipro, and HCL Technologies.
Historically, every shift in US visa policy has had a direct impact on the valuation of Indian IT companies. A pro-immigration comment from a potential US leader signals easier access to skilled labor and project continuity — both crucial for maintaining margins and overseas client trust.
Trump’s recent comments, perceived as more "pro-skilled-worker", have therefore come as a relief to an industry that thrives on cross-border collaboration.
Following Trump’s remarks, the Nifty IT Index surged over 2%, with Infosys leading the pack, rising nearly 3.5% intraday. TCS, Wipro, and Tech Mahindra also traded with strong momentum.
This rally comes after a few subdued weeks marked by global macro uncertainties and weak discretionary IT spending. Traders and long-term investors alike cheered the prospect of smoother visa policies — a potential catalyst for stronger earnings visibility in FY26.
“A positive H-1B narrative ahead of the US elections can significantly reduce operational bottlenecks for Indian IT majors,” noted a Swastika Investmart research analyst. “This sentiment-driven upmove could sustain if backed by solid quarterly performance and hiring recovery.”
Every US election season brings volatility to Indian IT counters — but this time, markets appear more optimistic. With AI-led transformation, cloud migration, and cybersecurity spending rising, Indian firms are better positioned than ever to leverage global digital demand.
If Trump’s tone on H-1B visas remains consistent, analysts expect a multi-quarter re-rating in the IT space. Sectors like staffing, consulting, and tech services catering to US clients could see improved billing rates and contract stability.
However, investors should remain cautious. Political rhetoric often shifts post-election, and visa reforms can take years to materialize. Regulatory frameworks from both the US Department of Labor and USCIS continue to evolve, impacting project mobility.
Here’s how Indian investors can interpret this trend:
For investors looking to build or rebalance their portfolios, this could be an opportune time to evaluate IT sector exposure. Swastika Investmart’s in-house sectoral research tools and AI-driven analysis dashboards can help identify undervalued opportunities and manage entry-exit timing effectively.
This rally underlines how policy-sensitive the Indian IT landscape remains — and how quickly sentiment can shift when global cues turn favorable.
1. Why did Indian IT stocks rise after Donald Trump’s H-1B visa comments?
Because Trump’s statement hinted at a more positive stance on skilled immigration, which directly benefits Indian IT companies reliant on US-based projects.
2. What is the H-1B visa, and why is it important for India?
It’s a US visa category allowing companies to employ foreign professionals in specialty occupations — with Indians making up the largest share of recipients.
3. Will this rally in IT stocks sustain?
Sustainability depends on upcoming quarterly results, US election outcomes, and clarity on visa reforms. Investors should track both macro and company-specific developments.
4. How can Indian investors benefit from this trend?
By analyzing IT sector fundamentals and diversifying holdings with expert guidance, such as that available on Swastika Investmart’s platform.
5. What risks remain despite Trump’s positive remarks?
US political uncertainty, fluctuating visa quotas, and macroeconomic slowdown could still weigh on sentiment in the medium term.
Trump’s unexpected pivot on the H-1B visa issue has once again highlighted how global politics can move Indian markets — especially IT stocks. While optimism is warranted, prudent investing remains key.
With Swastika Investmart, investors can access comprehensive research reports, AI-powered screening tools, and expert guidance to make informed portfolio decisions in fast-changing markets.

Tenneco Clean Air India Ltd. is the Indian subsidiary of Tenneco Inc., a US-based global leader in automotive clean air and powertrain solutions.
The company designs and manufactures emission-control systems used in passenger vehicles (PVs), commercial trucks (CVs), off-highway vehicles (OHVs), and industrial applications.
It forms part of Tenneco’s Clean Air division, which focuses on helping global OEMs meet evolving BS-VI and emission-compliance norms—a growing regulatory priority in India’s auto ecosystem.
With manufacturing facilities spread strategically across India, Tenneco Clean Air India supplies to top OEMs and is becoming an export hub for the parent’s global operations.
| ISSUE OFFER | |
|---|---|
| Issue Opens on | NOV 12, 2025 |
| Issue Closes on | NOV 14, 2025 |
| Total IPO size (₹ Cr) | ₹ 3,600 crore |
| Fresh Issue (₹ Cr) | - |
| Offer For Sale (₹ Cr) | ₹ 3,600 crore |
| Price Band (₹) | ₹ 378 – 397 |
| Market Lot | 37 |
| Face Value (₹) | 10 |
| Listing At | BSE, NSE |
| Market Capitalization (₹ Cr) | ₹ 16,023.09 crore |
The IPO is entirely an Offer for Sale, so the company won’t receive fresh capital; proceeds go to selling shareholders.
Despite a slight revenue dip in FY25, profitability strengthened sharply—EBITDA margin rose by over 550 bps YoY, signaling improved cost management and product-mix optimization.
The company’s return on capital employed (ROCE) of 56.78% underscores efficient asset utilization—a clear positive compared with several peers in the auto-component space.
At a P/E of ~29× (pre-IPO), the valuation appears moderate—lower than premium peers like Bosch or Timken, but higher than Sharda Motor Industries. Considering consistent profit growth and strong balance sheet, the pricing seems fair but not deeply undervalued.
✅ Strong R&D and Technology Edge – backed by the global Tenneco Group’s expertise in emission-control systems.
✅ Established Client Base – top OEMs in PV, CV, and OHV categories; longstanding relationships ensure revenue visibility.
✅ Operational Efficiency – strategically located plants enable cost-effective manufacturing and logistics.
✅ Consistent Profitability – steady growth in net profit and cash flows over FY23–FY25.
✅ “Make in India” Advantage – positioning as an export hub enhances competitiveness and localization benefits.
⚠️ High Customer Concentration: Top 10 clients contribute ~80% of total sales.
⚠️ Dependence on Auto Sector Cyclicality: Heavy reliance on PV & CV segments (~80% of revenue).
⚠️ Transition to EVs: Could reduce long-term demand for traditional exhaust systems.
⚠️ No Fresh Issue: Being a pure OFS, company won’t gain new funds for expansion or debt reduction.
Swastika Investmart assigns a “Neutral” rating to the IPO.
Overall, the IPO looks moderately priced with a balanced risk-reward profile.
India’s push toward cleaner mobility and stricter BS-VI emission norms is reshaping the auto-component landscape.
Global Tier-I suppliers like Tenneco are expected to benefit as OEMs transition toward hybrid and low-emission vehicles, creating sustained demand for advanced exhaust after-treatment systems.
However, the accelerating EV adoption curve means that over the long term, companies like Tenneco will need to diversify into EV-compatible thermal and filtration systems to maintain growth momentum.
1️⃣ What is the Tenneco Clean Air India IPO price band?
₹378–₹397 per share.
2️⃣ Is there a fresh issue component?
No, the IPO is entirely an Offer for Sale by existing shareholders.
3️⃣ When will the shares list?
Listing is expected on Nov 19, 2025 on both BSE and NSE.
4️⃣ What is Swastika’s recommendation?
Swastika Investmart gives a Neutral rating—strong fundamentals but limited near-term upside.
5️⃣ How can I apply for this IPO easily?
You can apply online via your broker or Demat account; alternatively, open an account with Swastika Investmart for seamless IPO investing.
Tenneco Clean Air India Ltd. brings to the market a solid automotive legacy, backed by global technology and Indian operational strength. While profitability has improved, investors should weigh the lack of fresh capital and auto-sector cyclicality before subscribing.
If you’re an investor seeking diversified exposure to India’s manufacturing and clean-tech auto themes, it’s worth tracking—but allocate selectively.
💼 Invest smart with Swastika Investmart – a SEBI-registered broker known for robust research, reliable support, and tech-driven platforms for IPOs, mutual funds, and stock trading.


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