TruAlt Bioenergy Ltd will declare its IPO allotment today, September 30. Results can be viewed on the websites of Bigshare Services, NSE, and BSE. The company successfully raised ₹839.28 crore through the IPO, receiving bids for 8.8 billion shares, which is 72 times the amount available. This IPO featured new shares valued at ₹750 crore, while promoters sold shares worth ₹89.28 crore. The share price was set between ₹472 and ₹496. The funds raised will be utilized for business expansion, debt repayment, and other corporate requirements. TruAlt specializes in producing ethanol fuel, now utilizing leftover sugar materials to create innovative ethanol types. To check your IPO allotment status online, use your PAN and application number.
Trading of the shares will commence on NSE and BSE on October 3 at 10 AM. Currently, unlisted shares are trading at ₹603, exceeding the initial IPO price.