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TruAlt Bioenergy's IPO Struggles to Gain Traction as Subscription Lags
29 Sep, 2025
Summary
- TruAlt Bioenergy's IPO subscribed 0.81 times on second day
- IPO price band set between Rs 472 and Rs 496 per share
- Minimum investment for retail investors is Rs 14,880
On September 29, 2025, TruAlt Bioenergy Ltd.'s initial public offering (IPO) faced a lukewarm response, with the issue subscribed only 0.81 times on its second day of bidding. The company had aimed to raise nearly Rs 839.28 crore from the primary market through this IPO.
The IPO 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 price band for the IPO has been set between Rs 472 and Rs 496 per share, with each lot size consisting of 30 shares.
For retail investors, the minimum investment required is Rs 14,880 at the upper price band. Small Non-Institutional Investors (sNII) need to invest a minimum of 14 lots or 420 shares, totaling Rs 2,08,320, while Big Non-Institutional Investors (bNII) require 68 lots or 2,040 shares, amounting to Rs 10,11,840.
Despite the lack of buzz, the unlisted shares of TruAlt Bioenergy Ltd. have been trading at a premium in the grey market, suggesting positive listing gains for investors. However, as the Day 3 subscription gets underway, the focus remains on the final day's performance and the company's ability to attract more investors.
