03 Oct 2025 | 5 Mins Read
TruAlt Bioenergy debuts 11% above initial public price
Flipitmoney
TruAlt Bioenergy's Rs 839.28 crore IPO was subscribed 75 times, with a premium of 10.89% on listing day. Institutional investors led the subscription, with the QIB portion subscribed over 165 times and the retail segment 11.5 times. Proceeds will fund capacity expansion, working capital, and general corporate purposes. Valuations stand at 29 times FY25 earnings.