Firm Matters
Khaitan & Co advised TruAlt Bioenergy Ltd in relation to their initial public offering of equity shares aggregating approximately INR 83,928 lakhs, which comprised of issuance of (i) a fresh issue of equity shares aggregating to INR 75,000 lakhs; and (ii) offer for sale by the Promoter Group Selling Shareholders aggregating to INR 8,928 lakhs. The IPO was oversubscribed by 74.50 times, with the retail investors’ portion being oversubscribed by 10.62 times, the QIB portion being oversubscribed by 165.15 times and the NII portion being oversubscribed by 102.67 times.
Deal Team

The core team consisted of Thomas George (Partner), Nagashayana Srinivasaiah (Partner), Pooja Agarwal (Associate), Jash Botadra (Associate) and Anand Sivasankaran (Associate).