New Delhi, Sept. 26 -- The initial public offering (IPO) of TruAlt Bioenergy, which opened for bidding on Thursday, September 26, entered its second day of subscription today. The issue is available for bidding till Monday, September 29.

TruAlt Bioenergy's Rs.839.28 crore IPO comprises a fresh issue of shares worth Rs.750 crore and an offer-for-sale of Rs.89.28 crore by the promoters.

TruAlt Bioenergy IPO price band is fixed at Rs.472-496 per share. Investors can apply for the TruAlt Bioenergy IPO in lots of 30 shares, needing a minimum investment of Rs.14,880 by a retail investor.

Funds raised from the fresh share sale will be used for setting up multi-feed stock operations, payment of debt and general corporate purposes.

TruAlt Bioe...