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  1. TruAlt Bioenergy, Jinkushal Industries IPO listing date: Key things to know before market debut

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TruAlt Bioenergy, Jinkushal Industries IPO listing date: Key things to know before market debut

Kamal Joshi

3 min read | Updated on October 01, 2025, 14:53 IST

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SUMMARY

Shares of the two companies will be listed on the BSE (formerly the Bombay Stock Exchange) and the National Stock Exchange (NSE).

Two mainboard IPOs and four SME offers will get listed on Friday. | Image: Shutterstock

Two mainboard IPOs and four SME offers will get listed on Friday. | Image: Shutterstock

IPO Listing Date: The initial public offerings of biofuels producer TruAlt Bioenergy and construction machinery exporter Jinkushal Industries are all set to hit the secondary market on Friday, October 3.

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Shares of the two companies will be listed on the BSE (formerly the Bombay Stock Exchange) and the National Stock Exchange (NSE).

IPO listing date for TruAlt Bioenergy and Jinkushal Industries

The stocks of Jinkushal Industries and TruAlt Bioenergy will start trading on the bourses on Friday, October 3, at 10 am.

TruAlt Bioenergy IPO

TruAlt Bioenergy IPO, which had a price band of ₹472 to ₹496 per share, was a mix of fresh issuance of ₹750 crore and an offer for sale (OFS) component worth ₹89.28 crore by promoters Sangamesh Rudrappa Nirani and Dhraksayani Sangamesh Nirani. The total issue size is ₹839.28 crore.

Of the fresh issue proceeds, ₹150.68 crore will be allocated for establishing multi-feed stock operations, ₹425 crore for working capital needs and the remaining funds for general corporate purposes.

The initial share sale was subscribed 71.92 times. The qualified institutional buyers, or QIBs, quota got booked 159.22 times, while the part for non-institutional investors (NIIs) attracted 98.56 times subscription. The retail investors' portion got booked 11 times.

The TruAlt Bioenergy IPO allotment was finalised on September 30.

TruAlt Bioenergy is primarily into the production of ethanol. It is diversifying into the production of 2G ethanol by utilising surplus ‘bagasse’, a by-product of sugar manufacturing, as a raw material.

Jinkushal Industries IPO

Jinkushal Industries' ₹116.15 crore IPO was a mix of a fresh issuance of shares aggregating to ₹104.54 crore and an OFS of ₹11.61 crore.

Objectives of the offer include general corporate purposes and funding working capital requirements of the company.

CategoryReservedNo of Shares Bid ForNo of Times
Qualified Institutional Buyers19,21,2736,85,11,24035.66
Non-Institutional Investors14,39,93321,07,93,920146.39
Retail Investors33,59,84215,82,64,40047.10
Total67,21,04843,75,69,56065.10
The Jinkushal Industries IPO allotment was finalised on September 30.

Jinkushal Industries is into export trading of new or customised and used construction machines in global markets.

IPO GMP: Trualt Bioenergy, Jinkushal Industries

CompanyGMPGMP (%)Price
TruAlt Bioenergy58217.34%496
Jinkushal Industries14116.53%121
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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