TruAlt Bioenergy Ltd. makes a strong debut on the bourses with scrip got listed at Rs 550.00 on the Bombay Stock Exchange, a 10.88 per cent premium to its issue price of Rs 496.00. On the National Stock Exchange, the stock was listed at Rs 545.40.
The company, which raised 1.69 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 169.21 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Sep 25 to Sep 29.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
SBI Capital Markets Ltd.,DAM Capital Advisors Ltd. as lead managers & Bigshare Services Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 80,983.31, up 715.69 points, or 0.89 per cent.