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1h ago

TruAlt Bioenergy IPO Draws 1.52x Subscription on Final Day as NII Demand Leads

Allotment is slated for Sept. 30 with a tentative Oct. 3 listing.

TruAlt Bioenergy IPO GMP
IPO today | Image: Pixabay

Overview

  • As of 10:15 a.m. on Sept. 29, the issue was subscribed 1.52x overall, including QIB 0.87x, NII 3.27x, and retail 1.15x.
  • The grey‑market premium stood at Rs 109, implying an estimated listing price near Rs 605 and about a 22% theoretical gain, though such quotes are unofficial.
  • The Rs ~839.28 crore offering comprises a Rs 750 crore fresh issue and a Rs 89.28 crore OFS in a Rs 472–496 price band with a lot size of 30 shares.
  • Share allotment finalisation is expected on Sept. 30, demat credits and refunds on Oct. 1, and a tentative BSE/NSE debut on Oct. 3.
  • Proceeds are earmarked for about Rs 150 crore in capex, nearly Rs 425 crore for working capital, and general corporate purposes as the company reports FY income of Rs 1,968.53 crore and PAT of Rs 146.64 crore.