India's TruAlt Bioenergy up 8% in trading debut, valued at 45.88 bln rupees

Trualt Bioenergy

03/10/2025 09:02

** Shares of TruAlt Bioenergy TRUA.NS jump 7.9% to 535 rupees in trading debut

** Stock opened at 545.40 rupees, 10% higher than the issue price of 496 rupees before easing

** Biofuels producer's 8.39 bln-rupee ($94.5 mln) IPO, which comprised issue fresh shares and sale of shares by existing shareholders, was oversubscribed 71.92x

** TRUA valued at 45.88 bln rupees, as of 13:18 IST

** Trading vols at 13.1 mln shares so far

** Funds raised from the offering to be used to set up  multi-feed stock operations in ethanol plant, working capital requirements, and corporate purposes

($1 = 88.7625 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))