The ₹3,600-crore initial share sale of US-based Tenneco Group backed automotive component manufacturer Tenneco Clean Air India has opened for public subscription on Wednesday, November 12.

Ahead of the issue launch, the company has mopped up ₹1,080 crore from 58 anchor investors.

Global investors including Nomura Funds, Fidelity, BlackRock, Government Pension Fund Global, Abu Dhabi Investment Authority, and Goldman Sachs participated in the anchor book.

The issue, which will close for subscription on November 14, has fixed a price band of ₹378-397 per share.

The lot size for retail investors is 37 shares, requiring a minimum investment of ₹14,689 at the upper price band.

In the unlisted market, shares of the company are trading at a premium of 15% today. However, these GMP reports are

See Full Page