25 Sep 2025 | 5 Mins Read
TruAlt Bioenergy IPO gains 44% Day 1 subscription
Flipitmoney
TruAlt Bioenergy's IPO, priced at Rs 472-496 per share, received bids for 54.93 crore shares against 1.23 crore on offer, with 86% subscription from Qualified Institutional Buyers (QIBs) and 44% total subscription. It plans to raise Rs 839.28 crore for debt repayment, corporate purposes, and multi-feed stock operations. The IPO concludes on September 29.