04-Dec-2024
2 mins read
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TruAlt Bioenergy IPO Price Band
TruAlt Bioenergy IPO price band will be available soon. The minimum amount of investment for the retail category is to be around round Rs 14,900 and for small NII minimum investment will be around Rs 2,08,600.
TruAlt Bioenergy IPO FAQ
1. What are the details of the TruAlt Bioenergy IPO?
TruAlt Bioenergy IPO is a book-built issue worth up to Rs 7,500 crore fresh issue equity shares and an offer for sale of up to 36 lakh equity shares.
2. When will the TruAlt Bioenergy IPO open and close?
TruAlt Bioenergy IPO open date is expected to be between December 2024 mid to January 2025 first week. However, as of now the open and close date is not yet finalised.
3. What is TruAlt Bioenergy IPO GMP?
TruAlt Bioenergy IPO GMP quotation is not yet available. You can check the latest GMP price online and reliable GMP once the subscription is starts.If the subscription got oversubscribed then TruAlt Bioenergy IPO GMP will also rise.
4. What are the details of TruAlt Bioenergy IPO reservation?
TruAlt Bioenergy IPO subscription details will be available soon. TruAlt Bioenergy IPO reservation is as follows, not more than 50% of the offer reserved for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for retail investors is reserved.
5. Write the details of the IPO Allotment Status.
TruAlt Bioenergy IPO allotment status will be available once the IPO will be available for subscription. The listing will be on the BSE and NSE platforms. The registrar of this IPO is Bigshare Services Private Limited. Investors can check their allotment status after the subscription of the IPO ends.
6. Who is the registrar and lead managers for TruAlt Bioenergy IPO?
TruAlt Bioenergy IPO registrar is Bigshare Services Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status. The lead managers are DAM Capital Advisors Limited and SBI Capital Markets Limited.
What is an IPO Price Band?
IPO price band is the price range of the upcoming IPO set by the issuing company after consulting investment banks handling the IPO. Within the price band, investors can bid for the shares during the IPO bidding time.
The IPO price band is set based on factors like market conditions, industry trends and company valuation. The IPO price bands include a floor price (minimum bid price) and a cap price (maximum bid price).
Investors submit the IPO bids within this IPO range during the IPO subscription period. The final issue price is determined through a process called book-building, where the company anticipates the investors demand. The IPO price band is important for investors and for ensuring a successful IPO launch.