Tenneco Clean Air India’s Rs 3,600-crore IPO entered its second day of subscription after being 42% subscribed on day 1. The issue received bids of Rs 2.77 crore against 6.66 crore shares on offer.The IPO has generated strong interest in the gray market, with the gray market premium (GMP) rising to around 21.5%, up from […]
The Tenneco Clean Air India IPO has arrived with something the market has been asking for all year: reasonable pricing for a profitable, large-scale auto components business. The size of the offer is Rs 3,600 crore, entirely an offer for sale, in a price range of Rs 378-397 per share, with a proposed listing on […]
The primary market remains a red-hot one, with five IPOs, three in the mainboard and two in the SME segment, opening for subscription between November 11 and 14. Together, these offerings aim to raise more than Rs 10,000 crore, spanning sectors from education and clean energy to automotive technology and pharmaceuticals. Motherboard IPOs 1) PhysicsWallah […]