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Tenneco Clean Air India Ltd., which launched its initial public offering (IPO) to raise over Rs 3,500 crore from the primary market on November 12 will conclude its subscription process today, on November 14.

The IPO has been subscribed 58.73 times as of Friday, with investors bidding for over 3915 crore shares against 666.66 crore shares on offer. The mainboard offer was fully subscribed during the initial few hours on Thursday.

The GMP for the public issue soared to a new high on the final day of bidding, rising 26% from yesterday. The grey market premium (GMP) for the Tenneco Clean Air IPO has been fluctuating since the last few days, but still indicates a positive listing gain of nearly 24% per share

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