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Tenneco Clean Air IPO allotment expected on November 17: Steps to check status online – CNBC TV18

The share allotment status for Tenneco Clean Air India IPO is expected to be finalised on Monday, November 17. The IPO was overall subscribed nearly 59 timeson the third and last day of bidding on Friday.

The ₹3,600-crore mainboard issue was open for subscription from November 12 to November 14.

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The IPO received bids for more than 392.21 crore shares, compared to 6.66 crore shares on offer, leading to a subscription of 58.83 times, as per the NSE data.

The retail quota of the IPO was booked 5.11 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 40.74 times. The Qualified Institutional Buyers (QIBs) booked their reserved portion 166.42 times.

The book-building issue was entirely an offer-for-sale (OFS) of 9.07 crore shares, amounting to ₹3,600 crore. The lot size for the IPO was fixed at 37 equity shares. The IPO price band was set at ₹378 to ₹397 per share. The retail subscribers were required to apply for at least a single lot size of 37 shares, amounting to a minimum investment of ₹14,689 per application.

Investors who participated in the IPO subscription can check share allotment status on the websites of the NSE, BSE and the official portal of the issue registrar, MUFG Intime India Pvt Ltd.

Steps to check Tenneco Clean Air IPO share allotment on the BSE:

  • Visit the BSE IPO allotment page: https://bseindia.com/investors/appli_check.aspx
  • Select ‘Equity’ as the issue type
  • Choose ‘Tenneco Clean Air India Ltd’ as the issue name from the dropdown list
  • Enter your IPO application number or PAN to proceed
  • Click on ‘Search’ to view your share allotment details

Steps to check Tenneco Clean Air IPO share allotment on the NSE:

Steps to check IPO allotment on MUFG Intime India:

  • Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
  • Select ‘Tenneco Clean Air India Ltd’ from the dropdown list
  • Enter any of these details for verification: PAN, Application Number, DP/Client ID, or Account Number/IFSC
  • Click on ‘Submit’ to check the allotment status

Tenneco Clean Air India ipo listing date

Tenneco Clean Air India Ltd is scheduled to transfer shares to the Demat accounts on November 18, following the finalisation of share allocation. Refunds will also be processed for unsuccessful bidders the same day.

Shares of Tenneco Clean Air India are tentatively scheduled to be listed on the NSE and BSE on November 19.

About Tenneco Clean Air India and the use of IPO proceeds

As the IPO was entirely an OFS by promoter Tenneco Mauritius Holdings, the company will not receive any funds from the public offer.

Tenneco Clean Air India Ltd, a subsidiary of Tenneco Inc, is a leading manufacturer and supplier of clean air, powertrain and suspension solutions tailored for Indian original equipment manufacturers (OEMs) and export markets. Its customer base spans OEMs who use its products in passenger vehicles and commercial vehicles. The company also supplies components for industrial and other applications.

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