Trualt Bio IPO, Jinkushal Inds IPO: Bids open; GMP positive | Right for you?
Construction machinery supplier Jinkushal Industries will raise Rs Rs 116.15 crore while biofuel producer Trualt Bioenergy will raise Rs 839.28 crore through their IPOs. The bidding process of both is opening today and the application process will remain open till September 27. The GMP of both IPOs is in the positive territory.
Kolkata: Trualt Bioenergy IPO and Jinkushal Industries IPO are throwing open their application windows to the public today, September 25. Both have been able to place a part of their shares with anchor investors. Trualt Bioenergy, which is engaged in production of biofuels, with a primary focus on the ethanol sector, has been able to raise Rs 252 crore from anchor investors, which includes names such as Tata Mutual Fund (MF), HDFC MF, Bandhan MF, SBI General Insurance Company, Societe Generale and Citigroup Global Markets Mauritius.
Jinkushal Industries supplies construction machinery to more than 30 countries such as the UAE, Mexico, Netherlands, Belgium, South Africa, Australia and the UK. It has been able to place shares with anchor investors such as Nomura Singapore, HDFC Bank, Viney Growth Fund, Steptrade Revolution Fund, Santosh Industries and Swyom India Alpha Fund and raised Rs 35 crore in the process.
Trualt Bioenergy IPO GMP
Trualt Bioenergy IPO GMP stood at Rs 80 on September 25 morning, according to investorgain. At this level it indicates a listing gain of 16.13%. However, one must remember that GMP is an unofficial gauge that is volatile and cannot guarantee listing gain or loss.
Trualt Bioenergy IPO price band, lot size, allotment date
Trualt Bioenergy IPO intends to raise Rs 839.28 crore through a combination of fresh issue of 1.51 crore shares (to raise Rs 750.00 crore) and offer for sale of 0.18 crore shares (to raise Rs 89.28 crores). The Trualt Bioenergy IPO price band has been fixed at Rs 472-496.00. For the retail investor, the smallest investible lot consists of 30 shares. This will need an amount of Rs 14,880 based on the upper end of the price band. The smallest lot size investment for sNII category of investors is 420 shares and for the bNII category of investors it is 2,040 shares.
The bidding process for Trualt Bioenergy IPO will close on September 29, 2025. The allotment date for the Trualt Bioenergy IPO is September 30, while its shares will list both on BSE and NSE on October 3, 2025. Dam Capital Advisors is the lead manager to the issue and Bigshare Services is the registrar.
Jinkushal Industries IPO GMP
Jinkushal Industries IPO GMP stood at Rs 21 on the morning of September 25, the first day of bidding, according to investorgain. At this level, it is indicating a listing gain of 17.36%. It is a big decline from Rs 51, where it was steady between September 16 and 23. However, GMP is an unofficial gauge that is volatile and cannot guarantee listing gain or loss.
Jinkushal Industries IPO price band, lot size, allotment date
The Jinkushal Industries IPO has been designed to mobilise Rs 116.15 crores. It will be raised through a fresh issue of 0.86 crore shares aggregating to Rs 104.54 crore and an OFS part of 0.10 crore shares to raise Rs 11.61 crores. The Jinkushal Industries IPO price band has been set at Rs 115-121. The smallest lot size for a retail investor is 120 that calls for an application amount of Rs 14,520, calculated on the upper end of the price band. For the sNII investor the minimum lot carries 1,680 shares and for the bNII investor it carries 8,280 shares.
The Jinkushal Industries IPO bidding window closes on September 29, 2025. The date for allotment for the Jinkushal Industries shares is September 30 and the date of listing is October 3, 2025. GYR Capital Advisors is the lead manager and Bigshare Services is the registrar to the issue.
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