Biofuels maker TruAlt Bioenergy’s initial public offering targeting ₹839.38 crore opens for the public today in the ₹472-496 price band. The IPO concludes on September 29 and the market lot is 30 shares. TruAlt’s IPO is a combination of a fresh issue worth ₹750 crore and offer-for-sale (OFS) of ₹89.28 crore by the promoters.

While up to 50 per cent of the IPO is reserved for qualified institutional buyers (QIBs), 35 per cent is reserved for retail investors, and the remaining 15 per cent for non-institutional investors.

Funds raised through the fresh issuance will be earmarked for setting up multi-feed stock operations, payment of debt and general corporate purposes.

The Bengaluru-based company on Wednesday raised ₹252 crore from anchor investors as part of the IPO process; the invest

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