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BTCC / BTCC Square / Global Cryptocurrency /
TruAlt Bioenergy IPO Opens with Strong Anchor Investor Interest

TruAlt Bioenergy IPO Opens with Strong Anchor Investor Interest

Author:
Global Cryptocurrency
Published:
2025-09-25 06:22:02
12
3
BTCCSquare news:

TruAlt Bioenergy's ₹839.38 crore initial public offering commenced today, priced at ₹472-496 per share. The biofuels producer allocated 50% of the offering to qualified institutional buyers, with Tata Mutual Fund and HDFC MF among anchor investors committing ₹252 crore at the upper price band.

The Bengaluru-based ethanol manufacturer plans to utilize fresh issue proceeds for debt repayment and expanding into second-generation ethanol production. Market observers note the company's strategic shift toward utilizing sugar byproducts aligns with India's renewable energy push.

|Square

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