Overview
- Tenneco Clean Air India allotted about 2.72 crore shares at Rs 397 each to anchor investors, raising Rs 1,079.99 crore, with participation from 58 entities per a BSE circular.
- Domestic mutual funds took 54.15% of the anchor book through 41 schemes, alongside global investors including major asset managers and sovereign funds.
- Public subscription runs Nov 12–14, the minimum retail bid is 37 shares, and the allocation split is up to 50% for QIBs, at least 35% for retail, and 15% for non-institutional investors.
- Reports differ on the aggregate offer size, with figures of Rs 3,600 crore and Rs 3,900 crore cited across outlets.
- The offer is entirely an OFS with proceeds to selling shareholders; tentative timelines show allotment on Nov 17, refunds and share credits on Nov 18, and listing on Nov 19, while grey market indications point to an unofficial premium of about 16%.