Tenneco Clean Air IPO: Strong GMP on allotment day. Here’s how to check status on MUFG Intime and BSE

The allotment for the Rs 3,600 crore Tenneco Clean Air India IPO will be finalised on November 17 and investors can check their status either on the registrar MUFG Intime’s website or through the BSE. The issue saw massive demand, with overall subscription at 61.79 times, making allotment extremely tight. The retail category subscribed 5.37 times, while QIBs bid a staggering 174.78 times.

The NII portion closed at 42.79 times. In the grey market, the IPO is quoting around Rs 123, implying a listing premium of nearly 31% over the issue’s upper price of Rs 397.

The IPO is a pure offer for sale of 9.07 crore shares and will list on the NSE and BSE on November 19. The company raised Rs 1,080 crore from anchor investors on November 11.

Here’s how to check the allotment:

Registrar’s website (MUFG Intime India)

Visit https://www.mufgintime.com/ipo/

Select Groww (Billionbrains Garage Ventures ) from the dropdown.

Enter your PAN or application number and click on Submit to view allotment status.

On the BSE website (https://www.bseindia.com/investors/appli_check.aspx)

Choose Equity, select Groww and enter your application details or PAN.

You will be able to see if shares have been allotted to you.

Listing outlook

The strong subscription, robust financials and a healthy grey-market premium point to a firm listing for Tenneco Clean Air on November 19. Brokers expect interest to sustain given the company’s leadership in emission-control and ride-technology systems, its high-margin profile and the near debt-free balance sheet.

The GMP for the stock is healthy at 31% over the issue price, indicating healthy listing prospects.

About the company

Tenneco Clean Air manufactures emission-control, powertrain and suspension systems for auto OEMs, supported by 12 plants across India. Its revenue for FY25 stood at Rs 4,931.45 crore, while net profit rose to Rs 553.14 crore, reflecting strong double-digit margins and a high ROCE of 56.78%.

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