Overview

• TruAlt Bioenergy opened at Rs 545 on the NSE and Rs 550 on the BSE versus an issue price of Rs 496, translating to a gain of about 11%.
• Jinkushal Industries began trading at Rs 125 on both exchanges against its Rs 121 offer price, marking a roughly 3% premium.
• TruAlt’s IPO was subscribed 71.92 times in total, including 159.22 times by QIBs, 98.56 times by NIIs, and 11 times by retail investors.
• Jinkushal’s offer drew 65.01 times overall bids, with 35.66 times from QIBs, 146.39 times from NIIs, and 47.10 times from retail participants.
• Pre‑listing GMPs had pointed to bigger pops—about Rs 90–95 for TruAlt and Rs 20 for Jinkushal—but these unofficial indicators outpaced actual listings; TruAlt plans to fund capex and working capital, while Jinkushal earmarked up to Rs 72.68 crore for working capital and listed in the T group with a 5% circuit filter.