The initial public offering of TruAlt Bioenergy has been subscribed 65 percent on its second day of public bidding (September 26) so far. The ethanol-producer aims to raise Rs 839 crore through the IPO.

The IPO received bids for more than 80 lakh shares, as against the offer size of over 1.23 crore shares, according to data on NSE at around 1.30 pm. Retail investors have booked 59 percent of their reserved portion, while Non Institutional Investors (NII) subscribed 52 percent of the portion kept for them. The portion kept for Qualified Institutional Buyers (QIBs) portion has been subscribed 86 percent.

TruAlt Bioenergy IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with 16 percent grey market premium (GMP) over the IPO price, according to data on Investorga

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