Tenneco Clear Air IPO Day 3 LIVE: The preliminary public providing of Tenneco Clear Air India Ltd, a part of the US-based Tenneco Group, opened for public subscription on November 12 and can conclude on November 14. Tenneco Clear Air IPO GMP at present is ₹78.
On the second bidding day, Tenneco Clear Air IPO subscription standing was 2.93 occasions, as per BSE information. Tenneco Clear Air IPO worth band has been set at ₹378-397 per share.
Tenneco Clear Air IPO contains solely of an Provide for Sale (OFS) from the promoter, Tenneco Mauritius Holdings Ltd, with none new fairness being issued.
On condition that the providing is totally an OFS, the corporate is not going to accumulate any funds from the IPO; quite, all of the proceeds will go to the promoting shareholder.
Tenneco Clear Air India produces and delivers important, intricately designed, and technology-driven options for clear air, powertrains, and suspensions, particularly aimed toward Indian authentic gear producers and worldwide export markets.
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