New Delhi, Nov. 14 -- The initial public offering (IPO) of Tenneco Clean Air India Ltd, a subsidiary of Tenneco Inc., received a robust response from investors on the final day of bidding.

The issue, which witnessed a muted response on the opening day, gained momentum on the second and third days, with the overall issue receiving bids for 392 crore shares against the 6.34 crore shares on offer, resulting in a subscription rate of 61.79 times.

Qualified institutional buyers showed strong interest, with their portion subscribed 174.78 times, as they placed bids for 316 crore shares compared with the allotted 1.81 crore shares. The non-institutional buyers segment reflected similar enthusiasm, with its portion booked 42 times.

The retail ...