Tenneco Clean Air IPO fully subscribed on day 2 of public bidding: Latest details on GMP, price range and important dates here

Showcasing a strong public demand, Tenneco Clean Air IPO has been fully subscribed on day 2 of public bidding. Important dates: The initial public offering (IPO) of Tenneco Clean Air, which commenced on November 12, will continue to receive applications till November 14. The shares are expected to be allotted to subscribers on November 17 and the listing of shares is expected to be held on November 19. Investment details: Subscribers can apply to Tenneco Clean Air IPO for a minimum investment of Rs 13,986 per lot. Each lot would have 37 shares. With an issue size of Rs 3600 crore, the price range has been set at Rs 378-397. Latest GMP details: Various media houses have reported the grey market premium (GMP) of Tenneco Clean Air IPO to be Rs 85 per share above the upper band of Rs 397. This indicates a 21 per cent premium for subscribers after listing. However, subscribers need to understand that GMP is an unofficial indicator and can fluctuate. Subscription details: As per the official NSE website, Tenneco Clean Air IPO has received an overall subscription of 1.44 times. Qualified Institutional Buyers subscribed 0.10 times, Non Institutional Investors subscribed 4.21 times and Retail Individual Investors subscribed 1.02 times, respectively. About Tenneco Clean Air: The firm is a part of the US-headquartered Tenneco Group, a global Tier I supplier of automotive components. They design, manufacture and supply clean air, powertrain and suspension solutions for Indian and international original equipment manufacturers (OEMs). The IPO is an Offer for sale (OFS) and the net proceeds from the offer will go to the promoter selling shareholder.