The IPO is a book-built issue that comprises a fresh issue of 1.51 crore shares. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

TruAlt Bioenergy Ltd.'s initial public offering was subscribed 0.81 times on its second day of bidding on Friday. The company aims to raise nearly Rs 839.28 crore from the primary market. The IPO is a book-built issue that comprises a fresh issue of 1.51 crore shares aggregating Rs 750 crore and an offer-for-sale of 0.18 crore shares totalling Rs 89.28 crore.

The IPO has a price band set between Rs 472 and Rs 496 per share. Each lot size consists of 30 shares.

TruAlt Bioenergy IPO is scheduled to open on Sept. 25, and will close on Sept. 29.

The retail investors require a minimum investment of Rs 14,880 at the upper price

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