Archive · 13 Nov 2025
Tenneco Clean Air India IPO Sees Strong Demand, Subscribed 2.66 Times by Day 2
A company called Tenneco Clean Air India, which makes parts for cars that help keep the air clean, is selling shares to the public.
On the second day of selling, investors had already bought almost three times the number of shares available.
This sale is not for the company to get new money, but for existing owners to sell their shares.
The price for each share is between Rs 378 and Rs 397.
Investors can buy shares until November 14.
There's also something called a 'grey market premium' which suggests the shares might start trading at a higher price than what people are paying now, but this is not guaranteed.
The company is scheduled to be listed on the stock market on November 19.
To buy shares, people need to purchase them in specific groups called 'lots'.
Tenneco Clean Air India's IPO, an Offer for Sale (OFS) worth Rs 3,600 crore, was subscribed 2.66 times by the second day of bidding.
The price band for the IPO shares is set between Rs 378 and Rs 397 per equity share.
The grey market premium (GMP) is at 22%, suggesting a potential listing higher than the upper price band, though GMP is unofficial.
Subscription details show strong demand, particularly from non-institutional investors (NII) who subscribed 6.30 times their quota.
The IPO bidding closes on November 14, with allotment expected on November 18 and listing on November 19.
- Who
- Tenneco Clean Air India
- What
- An Offer for Sale (OFS) IPO for Rs 3,600 crore, which was subscribed 2.66 times by the second day of bidding.
- When
- The IPO bidding period is from November 12 to November 14, with tentative allotment on November 18 and listing on November 19.
- Where
- India
- Why
- To allow key shareholders to offload their stake through an Offer for Sale.
Subscription Status
Grey Market Premium (GMP)
Overall Subscription
Subscription Status
The IPO has been subscribed 2.66 times overall by the second day of bidding (November 13).
Grey Market Premium (GMP)
The grey market premium (GMP) indicates a potential listing at 22% higher than the upper price band of Rs 397, but GMP is an unofficial metric.
Investor Category Subscription
Subscription Status
Non-institutional investors (NII) showed the highest demand, subscribing 6.30 times their quota. Qualified institutional buyers (QIB) subscribed 2.29 times, and retail investors subscribed 1.31 times.
Grey Market Premium (GMP)
While GMP shows positive investor sentiment, it's crucial to remember that actual listing prices can differ significantly from GMP indications.
- Company
- Tenneco Clean Air India
- Industry
- Auto Component Manufacturer (Clean Air, Powertrain, Suspension Solutions)
- Total Offer Size
- Rs 3,600 crore
- Offer Type
- Offer for Sale (OFS)
- Price Band
- Rs 378 - Rs 397 per share
- IPO Dates
- November 12 - November 14
- Subscription (Day 2, 2 PM)
- 2.66 times
- Grey Market Premium (GMP)
- 22%
- Tentative Allotment Date
- November 18
- Listing Date
- November 19
Sources
Should you subscribe to Tenneco Clean Air India’s IPO?
Tenneco Clean Air India IPO Day 2: Here's GMP, subscription status, other key details - apply or not?
Tenneco Clean Air India's IPO Receives 86% Subscription On The Second Day Of Bidding, Bourses Listing On November 19
