Trualt Bioenergy IPO, Sept. 29 -- The initial public offer (IPO) of leading ethanol producer Trualt Bioenergy opened on September 25 and will close for subscription today, September 29.

The Rs.839.28 crore IPO, had fixed a price band in the range of Rs.472-496 apiece.

By the end of Day 2, the issue was subscribed 0.85 times. It received bids for 1 crore shares as against 1.18 crore on offer. The retail portion was booked 0.83 times while the non-institutional investors (NII) category was bid 0.84 times and the qualified institutional buyers (QIBs) quota was bid 0.90 times.

Trualt Bioenergy IPO is witnessing strong interest in the grey market, with a grey market premium (GMP) of Rs.109. This suggests that the shares are trading above th...