TruAlt Bioenergy Ltd - IPO

TruAlt Bioenergy Ltd IPO Details

Initial public offering of up to 16,920,968 equity shares of face value of Rs. 10 each (Equity Shares) of Trualt Bioenergy Limited (The Company or the Company or the Issuer) for cash at a price of Rs. 496 per equity share ( Including a Share Premium of Rs. 486 Per Equity Share) (The Offer Price) aggregating up to Rs. 839.28 crores (The Offer) comprising a fresh issue of up to 15,120,967 equity shares of face value of Rs. 10 each by the company aggregating up to Rs. 750.00 crores (The Fresh Issue) and an offer for sale of up to 18,00,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 89.28 crores, comprising an offer for sale of up to 9,00,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 44.64 crores by Dhraksayani Sangamesh Nirani, and up to 9,00,000 equity shares of face value of Rs. 10 each aggregating up to Rs. 44.64 crores by Sangamesh Rudrappa Nirani ( Collectively, The Selling Shareholders, and each individually, as a Selling Shareholder and such offer for sale of equity shares by the selling shareholders, the Offer for Sale). The offer will constitute 19.73% of the post-offer paid-up equity share capital of the company.Price Band: Rs. 472/- to Rs. 496/- for equity share of face value of Rs. 10 each.The floor price is 47.20 times times the face value and cap price is 49.60 times of the face value of the equity shares.Bids can made for a minimum of 30 equity shares and in multiples of 30 equity shares thereafter.

Objective of issue

Funding capital expenditure towards setting up multi-feed stock operations to pave way for utilizing grains as an additional raw materrial in ethanol plant at TBL unit 4 of 300 KLPD capacity. Funding its working capital requirements. General corporate purposes.

TruAlt Bioenergy Ltd Contact Details

TruAlt Bioenergy Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@trualtbioenergy.com

Website - https:, trualtbioenergy.com