The initial public offering (IPO) of TruAlt Bioenergy shall open for bidding on Thursday, September 25. The company shall be offering its shares in the range of Rs 472-496 apiece. Investors can apply for a minimum of 30 equity shares and its multiples thereafter. The issue shall close for bidding on Monday, September 29. Advertisement

TruAlt Bioenergy is looking to raise a total of Rs 839.28 crore via IPO, which includes a fresh share sale of Rs 750 crore and an offer-for-sale (OFS) of up to 18,00,000 equity shares worth Rs 89.28 crore. The net proceeds from the issue shall be utilized towards funding capex for setting up a new facility, funding working capital needs and general corporate purposes.

Karnataka-based TruAlt Bioenergy, incorporated in 2021, is engaged in the production of b

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