IPO

TruAlt Bioenergy Limited IPO

Mainboard

Offer Date: Sep 25, 2025 - Sep 29, 2025

Exp. Premium: 45-50 (9.07%)

₹ 14880 /30 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

TruAlt Bioenergy IPO Details

25 Sep, 2025

Open Date

29 Sep, 2025

Close Date

30 Sep, 2025

Allotment Date

03 Oct, 2025

Listing Date

Issue Price

₹472-496 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt.Ltd.

Market Lot

Retail (Min): 30 Shares (₹14,880/-)
S-HNI (Min): 420 Shares (₹2,08,320/-)
B-HNI (Min): 2,040 Shares (₹10,11,840/-)

Lead Manager

Dam Capital Advisors Ltd., SBI Capital Markets Ltd.

Issue Size

1,69,20,967 shares (aggregating up to ₹839.28 Cr)
Fresh Issue: 1,51,20,967 shares (aggregating up to ₹750.00 Cr)
Offer for Sale: 18,00,000 shares of ₹10 (aggregating up to ₹89.28 Cr)

Retail Portion

35% (Number of Retail Applications: 1,97,411 Approx),
(Number of S-HNI Applications : 2,014 Approx),
(Number of B-HNI Applications : 4,029 Approx)

Subscription

N/A times

IPO Docs

DRHP RHP

TruAlt Bioenergy IPO Details


TruAlt Bioenergy IPO is a book-built issue of ₹839.28 crores, The total issue size is ₹839.28 crores. The IPO of TruAlt Bioenergy is priced at ₹472-496 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 25, 2025 and ends on Sep 29, 2025. The allotment for TruAlt Bioenergy IPO will be finalized on Sep 30, 2025. TruAlt Bioenergy IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 3, 2025. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 30 shares, extendable to 14,880. S-HNIs will be able to bid for 420 shares at ₹2,08,320, while B-HNIs can also apply for a bid of 2,040 shares at ₹10,11,840. The book-running lead manager for the IPO is/are Dam Capital Advisors Ltd. , SBI Capital Markets Ltd..

The total issue ₹839.28 crore, comprising a fresh issue of 1,51,20,967 shares ₹750 crore and having Offer for Sale (OFS) of 18,00,000 shares to mop up ₹89.28 crore.

The TruAlt Bioenergy IPO sets its price band at 472-496 for each share. A single application for TruAlt Bioenergy Limited IPO must contain at least 30 shares. Sentiment investors need to invest a minimum of 30 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,880 In order to participate in the sNII, investors must purchase at least 14 lots of 420 shares for ₹2,08,320, while the bNII requires 68 lots of 2,040 shares for an investment of ₹10,11,840.

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TruAlt Bioenergy Valuations

EPS Pre IPO

₹20.76

EPS Post IPO

₹17.10/-

P/E Pre IPO

23.89

P/E Post IPO

29.01

ROE

28.27%

ROCE

10.88%

Debt/Equity

2.02

RoNW

19.07%

PAT Margin

7.69%

EBITDA Margin

16.20%

Price to Book Value

4.56

TruAlt Bioenergy Company Financials All values are in ₹ Cr.

31-Mar-2531-Mar-24
Assets3,029.732,419.08
Revenue1,968.531,280.19
Profit After Tax146.6431.81
Net Worth769.00264.61
Total Borrowing1,549.681,684.68

About The Company

TruAlt Bioenergy Limited, incorporated in 2021, is involved in the manufacture of biofuels with a focus on the ethanol industry. It is one of India's largest ethanol manufacturers by installed capacity of 2,000 kilo litres per day (KLPD). In Fiscal 2025, it holds a market share of 3.6% in ethanol manufacturing capacity.

The business operations of the company extend to ethanol production and production of compressed biogas (CBG). As on Mar 31, 2025, it has one CBG production facility with a capacity of 10.20 TPD (Tonnes per day) through its subsidiary Leafinity. To increase its CBG capacity further, it has signed Memorandum of Understandings (MoUs) with Japanese Gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd.

As on the RHP date, the company has five distillery units in Karnataka, out of which four are run on molasses and syrup-based feedstocks.

The company further proposes entering other verticals such as second-generation ethanol, sustainable aviation fuel, and Mevalonolactone ("MVL") and Allied Biochemicals.

Competitive Strengths

Biggest Installed Capacity for Production of Ethanol in India
Integrated Resource Management, Developing Scalable Operations
Strategically Situated Production Infrastructure, Focusing on Technological Innovation and Sustainability
Well-positioned to Harness Favorable Industry Tailwinds
Committed Customer Relationships and Robust Demand Pipeline
Talented and Experienced Promoters and Management Team

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TruAlt Bioenergy - Promoter(s)

Pre Issue Share Holding: 88.20%

Company Promoter(s)
  1. Vijaykumar Murugesh Nirani
  2. Vishal Nirani
  3. Sushmitha Vijaykumar Nirani

TruAlt Bioenergy IPO - Issue Objectives

  1. Funding capital expenditure towards setting-up multi-feed stock operations to pave-way for utilizing grains as an additional raw material in ethanol plant at TBL Unit 4 of 300 KLPD capacity - ₹150.68 Cr
  2. Funding our working capital requirements - ₹425.00 Cr
  3. General corporate purposes

Other Details

Company Contact Details

TruAlt Bioenergy

Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, 587313, Karnataka, India Bagalkot, Karnataka, 587313

Phone: 080 2325 5000

Email: cs@trualtbioenergy.com

Website: https://www.trualtbioenergy.com/

Registrar Contact Details

Bigshare Services Pvt.Ltd.

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/IPO%5FStatus.html

TruAlt Bioenergy IPO - FAQs

Ans. TruAlt Bioenergy Limited IPO is a Mainboard IPO. The issue is priced at ₹472-496 per equity share. The minimum order quantity is 30 Shares. The IPO opens on Sep 25, 2025, and closes on Sep 29, 2025. Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The TruAlt Bioenergy Limited IPO opens on Sep 25, 2025 and closes on Sep 29, 2025.

Ans. The size of TruAlt Bioenergy Limited IPO is 1,69,20,967 shares (aggregating up to ₹839.28 Cr) Fresh Issue: 1,51,20,967 shares (aggregating up to ₹750.00 Cr) Offer for Sale: 18,00,000 shares of ₹10 (aggregating up to ₹89.28 Cr).

Ans. The IPO price band is set between ₹472-496 per equity share.

Ans. To apply for TruAlt Bioenergy Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find TruAlt Bioenergy Limited IPO in the List of IPOs
  • - Press Apply Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of TruAlt Bioenergy Limited IPO is Sep 30, 2025.

Ans. The TruAlt Bioenergy Limited IPO will be listed on Oct 3, 2025.

Ans. Follow the steps to check the allotment status for TruAlt Bioenergy Limited IPO here.