TruAlt Bioenergy IPO: The initial public offering (IPO) of TruAlt Bioenergy Ltd concluded its second day of bidding today, September 26, with the issue subscribed 81 per cent, as per provisional exchange data. The Karnataka-based company aims to raise Rs 839.28 crores through a fresh issue of Rs 750 crore and an Offer for Sale (OFS) of Rs 89.28 crore.

TruAlt Bioenergy IPO subscription status:

Investors bid for approximately 1 crore shares out of the total 1.23 crore shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 0.87 times, Non-Institutional Investors (NIIs) who bid 0.80 times, and Retail Individual Investors (RIIs) who bid 0.79 times.

In terms of shares, QIBs bid for 30.40 lakh shares out of the 35.10 lakh shares reserved, NIIs bid for 21

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