New Delhi, Sept. 25 -- TruAlt Bioenergy Ltd, a producer of biofuels, launched its initial public offering, available for subscription from September 25 to September 29. TruAlt Bioenergy IPO price band has been set between Rs.472 and Rs.496 per share.

TruAlt Bioenergy IPO GMP today is Rs.80. This indicates TruAlt Bioenergy share price is trading at a premium of Rs.80 in the grey market on Thursday, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of TruAlt Bioenergy is indicated at Rs.576 apiece, which is 16.13% higher than the IPO price of Rs.496.

According to the activities in the grey market over the past six sessions, today's IPO GM...