Tenneco Clean Air India Ltd is scheduled to finalise its initial public offering (IPO) allotment on Monday. Once finalised, the company will start crediting shares to successful bidders' demat accounts and issuing refunds to those who didn’t get. The IPO's listing date is proposed for Wednesday (November 19). Advertisement

In the unofficial market, Tenneco's unlisted shares were trading at Rs 522, implying a grey market premium (GMP) of 31.49 per cent over the upper price band of Rs 397. It must be noted that GMP is not the official listing price and the actual listing price may fluctuate based on market sentiment.

The IPO recorded heavy interest across all categories. The issue was subscribed 58.83 times, receiving bids for 392 crore, against just 6.66 crore shares on offer.

The Rs 3,

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