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).
Click to know more about Khaitan & Co
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at [email protected] or call us on +91 8879634922.