By PTI | New Delhi
Biofuels producer TruAlt Bioenergy Ltd said it has collected Rs 252 crore from anchor investors, just a day before its initial share-sale opening for public subscription.
Tata Mutual Fund (MF), HDFC MF, Bandhan MF, SBI General Insurance Company, Societe Generale, and Citigroup Global Markets Mauritius featured among the anchor investors, according to a circular uploaded on the BSE website.
The company has allotted 50.76 lakh equity shares to 19 funds at Rs 496 per share, it added.
Earlier this week, TruAlt fixed a price band of Rs 472 to Rs 496 per share for its upcoming Rs 839-crore initial public offering (IPO).
The company’s maiden share sale will open for subscription on September 25 and conclude on September 29, according to a public announcement.
TruAlt’s IPO is a combination of a fresh issue of shares worth Rs 750 crore and offer-for-sale (OFS) of 18 lakh shares valued at Rs 89.28 crore at the upper end, by promoters. This aggregates the total issue size to Rs 839.38 crore.
