Khaitan & Co Advised TruAlt Bioenergy Limited On Initial Public Offering
Khaitan & Co advised TruAlt Bioenergy Limited on Initial Public Offering
The leading law firm in India, Khaitan & Co advised TruAlt Bioenergy Limited in connection with its initial public offering of equity shares aggregating approximately INR 83,928 lakhs. The IPO comprised a fresh issue of equity shares aggregating INR 75,000 lakhs and an offer for sale by the Promoter Group Selling Shareholders aggregating INR 8,928 lakhs.
The issue was listed at a premium, and the IPO was oversubscribed 74.50 times overall, with the retail investor portion oversubscribed 10.62 times, the Qualified Institutional Buyers (QIB) portion 165.15 times, and the Non-Institutional Investors (NII) portion 102.67 times.
The Khaitan & Co transaction team was led by Thomas George (Partner) and Nagashayana Srinivasaiah (Partner), with assistance from Pooja Agarwal (Associate), Jash Botadra (Associate), and Anand Sivasankaran (Associate).
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