Well, the moment of truth is finally here for everyone who applied for the much-talked-about Tenneco Clean Air IPO. Today, November 17, is the day the allotment status is finalized, and investors will find out if they've successfully snagged shares in this ₹3,600 crore public issue. After a whirlwind bidding period that saw incredible demand, the anticipation is sky-high, so let's dive into exactly how you can check your status and what all the numbers mean for the upcoming listing.
Key Highlights
- ✓ The basis of allotment for the massive ₹3600 crore Tenneco Clean Air IPO is being announced today, November 17, 2025.
- ✓ The IPO was a huge hit, with an overall subscription of a whopping 58.83 times over the three-day bidding window.
- ✓ The Grey Market Premium (GMP) is currently strong at around ₹115 per share, suggesting a potential listing gain of nearly 29%.
- ✓ Shares are expected to be credited to Demat accounts on November 18, with the stock listing on the BSE and NSE on Wednesday, November 19, 2025.
- ✓ This IPO was entirely an Offer for Sale (OFS), meaning the company isn't raising new capital; proceeds go to selling shareholders.
How to Check Your Tenneco IPO Allotment Status
Alright, let's get right to it. Finding out if you've been allotted shares is pretty straightforward. You have three primary ways to check: through the stock exchanges (BSE and NSE) or directly on the website of the IPO's official registrar, which in this case is MUFG Intime India Private Limited. You'll need your PAN card and IPO application number handy, so grab those before you start.
Here’s a simple, step-by-step guide for each method so you can find your status without any fuss. I’d recommend trying the registrar’s website first, as it's often the most direct source of information.
Checking on the Registrar's Website (MUFG Intime India)
This is usually the quickest way. Just head over to MUFG Intime’s application status page. Once you're there, you'll see a dropdown menu where you need to select "Tenneco Clean Air Limited." After that, you can search using your PAN, Application Number, or even your DP/Client ID. Enter the details, hit "Submit," and you'll see your allotment status right away.
Checking on the BSE Website
If you prefer using the BSE portal, start by visiting their application status page. Under 'Issue Type', make sure "Equity" is selected. Then, in the 'Issue Name' dropdown, find and choose "Tenneco Clean Air LIMITED". You can then enter either your Application Number or your PAN. Just complete the "I am not a robot" check, click "Submit," and your details should pop up.
Checking on the NSE Website
The process is just as simple on the NSE. Go to their IPO allotment verification page and select the option for "Equity & SME IPO bid details." You'll then need to select the IPO symbol, which is "TENNIND" for Tenneco. Enter your PAN and application number, click "Submit," and you're all set!
A Look Back at the IPO Subscription Frenzy
To say this IPO was popular would be an understatement. The bidding window, which was open from November 12 to November 14, 2025, saw an absolute flood of applications. By the end of the final day, the issue was oversubscribed by a massive 58.83 times. Bids poured in for a staggering 3.92 billion shares, while only about 6.66 crore shares were actually available.
The real heavy hitters were the Qualified Institutional Buyers (QIBs). This category of investors, which includes mutual funds and foreign institutional investors, was subscribed an incredible 166.42 times! The Non-Institutional Investors (NIIs), or high-net-worth individuals, also showed strong interest, with their portion getting subscribed 40.74 times. Retail investors, like you and me, were a bit more reserved but still managed to oversubscribe their quota by 5.11 times, which explains why getting an allotment might be tough.
The Buzz in the Grey Market
Now, let's talk about the unofficial market buzz, or the Grey Market Premium (GMP). The GMP is basically what some investors are willing to pay for the shares even before they are listed on the stock exchange. It's an indicator, albeit an informal one, of what the listing price might look like. For Tenneco Clean Air, the GMP has been holding strong at around ₹115 per share.
When you add this GMP to the upper price band of ₹397, you get a projected listing price of around ₹512 per share. That translates to a potential listing gain of about 28.97%, which is definitely something to get excited about! Of course, it's crucial to remember that the GMP is not an official price; it can fluctuate based on market sentiment right up until the listing day.
Who Is Tenneco Clean Air Anyway?
So, what’s all the hype about? Tenneco Clean Air is part of the global Tenneco Group, a major U.S.-based Tier I automotive components supplier. The Indian arm is a big player in delivering high-tech emissions-control and thermal-management solutions. In simple terms, they make critical parts like catalytic converters and exhaust systems that help vehicles meet increasingly strict pollution norms.
Their client list is diverse, covering passenger vehicles, commercial trucks, off-highway vehicles, and even two-wheelers and three-wheelers. With 12 manufacturing facilities across India, they not only supply domestic Original Equipment Manufacturers (OEMs) but also serve as a key export hub for the global Tenneco network. This strong backing and market position are big reasons why investors have shown so much confidence.
What the Experts are Saying
It's not just investors who are optimistic; market analysts have also given the IPO a thumbs-up. For instance, Canara Bank Securities recommended a "SUBSCRIBE" rating for both listing gains and long-term growth. They pointed out the company's solid fundamentals, including a strong PAT of ₹553 crore and an attractive valuation with a P/E of 29x, which is much lower than the industry average of 48x.
Similarly, Mehta Equities also suggested investors "Subscribe" for the long term. Their research analyst, Rajan Shinde, highlighted the company's leadership position and its readiness to capitalize on stricter emission norms like BS6 Stage 2 and the upcoming BS7 standards. Anand Rathi Research echoed this sentiment, assigning a "Subscribe for long term only" rating, citing the company's strong market leadership and long-standing OEM partnerships as key strengths.
Conclusion
So, there you have it. The excitement around the Tenneco Clean Air IPO is backed by some seriously impressive subscription numbers, a positive grey market sentiment, and favorable reviews from analysts. Today is all about checking that allotment status, and for those who receive shares, the focus will shift to the listing on Wednesday, November 19. It's a classic case of strong fundamentals meeting favorable market conditions, and it will be fascinating to see how the stock performs on its debut.
