In India, DevDiscourse reports TruAlt Bioenergy’s IPO broke records, being oversubscribed 71.92 times over the 12.3 million shares available. Qualified Institutional Buyers were oversubscribed 159.22 times while non-institutional investors were oversubscribed 98.56 times. The company raised $28.4 from anchor investors and another $94.6 million from the IPO itself which will allow the company to set up multifeedstock operations, shifting from sugar syrup and molasses to grain-based ethanol as well as pay off debt and other operations.
