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TruAlt Bioenergy IPO

  • Status: Closed
  • RHP:
  • ₹ 14,160 / 30 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    03 Oct 2025

  • Listing Price

    ₹550.00

  • Listing Change

    10.89%

  • Last Traded Price

    ₹425.50

TruAlt Bioenergy IPO Details

  • Open Date

    25 Sep 2025

  • Close Date

    29 Sep 2025

  • Listing Date

    03 Oct 2025

  • IPO Price Range

    ₹ 472 to ₹496

  • IPO Size

    ₹ 839.28 Cr

  • Listing Exchange

    BSE NSE

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TruAlt Bioenergy IPO Timeline

TruAlt Bioenergy IPO Subscription Status

Last Updated: 29 September 2025 6:48 PM by 5paisa

Trualt Bioenergy Limited, launching a ₹839.28 crores IPO, is a leading Indian biofuel producer with a focus on ethanol, holding a 3.6% market share and an installed capacity of 2,000 KLPD. The company operates five distilleries in Karnataka and, through its subsidiary Leafinity, runs a 10.2 TPD compressed biogas plant, with expansion plans via MoUs with Japanese firms. It also aims to diversify into second-generation ethanol, sustainable aviation fuel, Mevalonolactone, and allied biochemicals.
 
Established in: 2021
 
Managing Director:  Mr. Vijaykumar Murugesh Nirani
 

Peers:

Name of the company Trualt Bioenergy Limited Balrampur
Chini Mills
Ltd		 Triveni
Engineering
& Industries
Ltd		 Dalmia
Bharat
Sugar &
Industries
Ltd
Face Value
(₹ per
share)		 10 1.0 1.0 2.0
Revenue for
Fiscal 2025
(₹ in Cr)		 1907.72 5415.38 6807.94 3745.78
EPS Basic (₹) 20.94 21.65 10.88 47.78
EPS Diluted (₹) 20.94 21.57 10.88 47.78
NAV (₹ per
share)		 108.87 187.99 144.34 399.62
P/E [●] 23.89 33.07 7.75
RoNW(%) 19.07 11.51 7.66 11.96
Market
price@ (₹)		 [●] 515.35 359.75 370.45


 

TruAlt Bioenergy Objectives

The company will fund ₹150.68 crore for Unit 4.
The company will finance ₹425.00 crore for working capital.
The remaining funds will be used for general corporate purposes.
 

Trualt Bioenergy IPO Size

Types Size
Total IPO Size ₹839.28 Cr
Offer For Sale ₹89.28 Cr
Fresh Issue ₹750.00 Cr

Trualt Bioenergy IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 30 14,160
Retail (Max) 13 390 1,93,440
S-HNI (Min) 14 420 1,98,240
S-HNI (MAX) 67 2010 9,48,720
B-HNI (Min) 68 2040 9,62,880

Trualt Bioenergy IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 165.16 33,84,195 55,89,31,920 27,723.023
NII (HNI) 103.04 25,38,145 26,15,23,200 12,971.551
bNII (bids above ₹10L) 118.62 16,92,097 20,07,15,030 9,955.465
 sNII (bids below ₹10L) 71.87 8,46,048 6,08,08,170 3,016.085
Retail Investors 11.50 59,22,339 6,80,79,090 3,376.723
Total** 75.02 1,18,44,679 88,85,34,210 44,071.297

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 762.38 1223.40 1907.72
EBITDA 105.05 188.09 309.14
PAT 35.46 31.81 146.64
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 1855.98 2419.08 3029.73
Share Capital 61.08 61.08 70.63
Total Borrowings 1150.10 1684.68 1549.68
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities 233.49 35.48 329.23
Net Cash Generated From / (used in) investing activities -1148.58 -383.67 -242.52
Net Cash Generated From / (used in) financing activities 919.81 366.76 39.72
Net Increase (Decrease) In Cash And Cash Equivalents 4.72 18.57 126.43


Strengths

1. One of India’s largest ethanol producers.
2. Installed capacity of 2,000 KLPD ethanol.
3. Diversified into ethanol and compressed biogas.
4. MoUs with Japanese companies for CBG expansion.
 

Weaknesses

1. Limited presence outside Karnataka currently.
2. Dependent on molasses and syrup feedstocks.
3. New ventures into aviation fuel remain untested.
4. Relatively small market share of 3.6%.
 

Opportunities

1. Expansion into second-generation ethanol production.
2. Entry into sustainable aviation fuel market.
3. Increasing CBG capacity via international partnerships.
4. Potential to utilize grains as feedstock.
 

Threats

1. Fluctuating raw material prices impacting margins.
2. Regulatory changes in biofuel policies possible.
3. Competition from larger domestic ethanol producers.
4. Technology risks in new biochemical ventures.
 

1. One of India’s largest ethanol producers by capacity.
2. Diversified portfolio across ethanol and compressed biogas.
3. Strategic partnerships with Japanese corporations for expansion.
4. Strong growth potential in sustainable energy solutions.
 

Trualt Bioenergy operates in India’s rapidly growing biofuels sector, driven by government initiatives promoting ethanol blending and cleaner energy. With an installed capacity of 2,000 KLPD and expansion into compressed biogas, the company is well-positioned to benefit from rising demand. Its future plans include second-generation ethanol, sustainable aviation fuel, and advanced biochemicals, offering significant growth potential and diversification opportunities in India’s evolving renewable energy landscape.
 

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FAQs

Trualt Bioenergy IPO opens from September 25, 2025 to September 29, 2025.
 

The size of  Trualt Bioenergy IPO is ₹839.28 Cr.
 

The price band of  Trualt Bioenergy IPO is fixed at ₹472 to ₹496 per share.
 

To apply for Trualt Bioenergy IPO, follow the steps given below:
 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Trualt Bioenergy IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
 
You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of  Trualt Bioenergy IPO is of 30 shares and the investment required is ₹14,880.
 

The share allotment date of Trualt Bioenergy IPO is September 30, 2025
 

The Trualt Bioenergy IPO will likely be listed on October 3, 2025.
 

Dam Capital Advisors Ltd is the book running lead manager for  Trualt Bioenergy IPO.
 

Trualt Bioenergy IPO plans to utilise the raised capital from the IPO for:
● The company will fund ₹150.68 crore for Unit 4.
● The company will finance ₹425.00 crore for working capital.
● The remaining funds will be used for general corporate purposes.