Tenneco Clean Air IPO: When will share allotment happen?
What's the story
Tenneco Clean Air India Ltd's initial public offering (IPO) has generated a lot of interest among investors. The public issue was open for subscription from November 12 to November 14. With the bidding period now over, investors are eagerly awaiting the allotment date for Tenneco Clean Air's IPO. The company is likely to finalize this status soon after the basis of share allotment is fixed.
Important dates
Allotment and listing dates for Tenneco Clean Air's IPO
The allotment date for Tenneco Clean Air's IPO is likely November 17, as markets remain closed over the weekend. The shares will be credited to eligible allotment holders' demat accounts on November 18. Refunds to unsuccessful bidders will also be initiated on the same day. The company's shares are scheduled to be listed on BSE and NSE on November 19.
Online procedure
How to check Tenneco Clean Air's IPO allotment status online
Investors can check the allotment status of Tenneco Clean Air's IPO on BSE, NSE, and the official portal of MUFG Intime India, the IPO registrar. The process involves selecting 'Equity' in Issue Type and 'Tenneco Clean Air India Limited' in Issue Name dropdown menu on the BSE website. For the NSE website, the process involves selecting 'Equity and SME IPO bids' in Issue Type. For the NSE website, both PAN and Application Number need to be entered.
Market performance
Tenneco Clean Air's IPO GMP and subscription status
Tenneco Clean Air's shares are trading at a premium of ₹112 each in the gray market. This suggests that the estimated listing price of these shares would be ₹509 each, which is 28% higher than their issue price of ₹397 per share. The company raised ₹3,600 crore through this book-building issue, which was fully an offer for sale (OFS) of 9.07 crore equity shares at an IPO price band of ₹378-₹397 per share.