TruAlt Bioenergy IPO Description – TruAlt Bioenergy is India’s largest biofuels producer, having strategically positioned itself as a prominent and diversified player in the biofuels industry, particularly in the Ethanol sector. The company is a green energy company, steadfastly pursuing its objectives through a harmonious amalgamation of various policies laid out by the Government of India in its transition towards sustainable growth. It holds the distinction of being the largest Ethanol producer in India based on installed capacity, with an aggregate production capacity of 1,800 kilo litres per day.
The company operates three Ethanol production distilleries on molasses and syrup-based feedstocks. Through its subsidiary, Leafiniti, it is one of the first producers of CBG under the Sustainable Alternative Towards Affordable Transportation (“SATAT”) scheme introduced by the Government of India in 2018. Leafiniti, operates one CBG plant with a capacity of 10.20 tonnes per day, to strengthen its CBG capabilities further, TruAlt Bioenergy has entered into a non-binding term sheet with the Gas Authority of India (GAIL ) to set up nine additional CBG plants.
As of 31 March 2025, TruAlt Bioenergy has 714 on-roll employees.
Promoters of TruAlt Bioenergy – Vijaykumar Murugesh Nirani, Vishal Nirani and Sushmitha Vijaykumar Nirani
Table of Contents
TruAlt Bioenergy IPO Details
| TruAlt Bioenergy IPO Dates | 25 – 29 September 2025 |
| TruAlt Bioenergy Issue Price | INR 472 – 496 per share |
| Fresh issue | INR 750 crore |
| Offer For Sale | 18,00,000 shares (INR 84.96 – 89.28 crore) |
| Total IPO size | INR 834.96 – 839.28 crore |
| Minimum bid (lot size) | 30 shares (INR 14,880) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
TruAlt Bioenergy Financial Performance
| FY 2023* | FY 2024 | FY 2025 | |
| Revenue | 762.38 | 1,223.40 | 1,907.72 |
| Expenses | 713.40 | 1235.31 | 1,809.09 |
| Net income | 35.46 | 31.81 | 146.64 |
| Margin (%) | 4.65 | 2.60 | 7.69 |
* All Standalone Data
TruAlt Bioenergy Offer News
- TruAlt Bioenergy RHP
- TruAlt Bioenergy DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
TruAlt Bioenergy Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre Issue) | FY 2025 (Post-Issue)* | |
| EPS | 7.10 | 4.25 | 20.94 | 17.10 |
| PE Ratio | – | – | 22.54 – 23.69 | 27.60 – 29.01 |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 14.74 | 12.02 | 19.07 |
| NAV | 52.48 | 43.32 | 108.87 |
| ROCE (%) | 11.38 | 7.42 | 10.88 |
| EBITDA (%) | 13.78 | 15.37 | 16.20 |
| Debt/Equity | 4.78 | 6.37 | 2.02 |
TruAlt Bioenergy IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Subject to Sauda |
| 1 October 2025 | 90 | 2,000 |
| 30 September 2025 | 107 | 2,300 |
| 29 September 2025 | 88 | 2,200 |
| 27 September 2025 | 82 | 1,900 |
| 26 September 2025 | 77 | 1,800 |
| 25 September 2025 | 77 | 1,800 |
| 24 September 2025 | 60 | 1,400 |
| 23 September 2025 | 55 | 1,200 |
TruAlt Bioenergy IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- 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– INR 150.68 crore
- Funding the company’s working capital requirements – INR 425 crore
- General corporate purposes
TruAlt Bioenergy IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 35,10,508 | 26,53,475 | 61,91,441 | 1,23,55,424 |
| 29 Sep 2025 | 159.22 | 98.56 | 11.00 | 71.92 |
| 26 Sep 2025 | 0.87 | 0.80 | 0.79 | 0.81 |
| 25 Sep 2025 | 0.86 | 0.24 | 0.30 | 0.44 |
Anchor investor portion of 50,76,289 shares is not included in the above calculation.
TruAlt Bioenergy – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| TruAlt Bioenergy | – | 20.94 | 19.07 | 108.87 | 1,907.72 |
| Balrampur Chini Mill | 23.89 | 21.57 | 11.51 | 187.99 | 5,415.38 |
| Triveni Engineering | 33.07 | 10.88 | 7.66 | 144.34 | 6,807.94 |
TruAlt Bioenergy IPO Allotment Status
TruAlt Bioenergy IPO allotment status is now available on Bigshare Services’ website. Click on this link to get the allotment status.
TruAlt Bioenergy IPO Dates & Listing Performance
| IPO Opening Date | 25 September 2025 |
| IPO Closing Date | 29 September 2025 |
| Finalization of Basis of Allotment | 30 September 2025 |
| Initiation of refunds | 1 October 2025 |
| Transfer of shares to demat accounts | 1 October 2025 |
| TruAlt Bioenergy IPO Listing Date | 3 October 2025 |
| Opening Price on NSE | INR 545.40 per share (up 9.96%) |
| Closing Price on NSE | INR 530.95 per share (up 7.05%) |
TruAlt Bioenergy IPO Reviews – Subscribe or Avoid?
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TruAlt Bioenergy Offer Lead Manager
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone: +912242022500
Email: [email protected]
Website: www.damcapital.in
TruAlt Bioenergy Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
TruAlt Bioenergy Contact Details
TRUALT BIOENERGY LIMITED
No S-904/A 9th Floor, World Trade Center,
Brigade Gateway Campus, No. 26/1, Malleswaram West,
Bangalore – 560055, Karnataka, India
Phone: 080 2325 5000
Email: [email protected]
Website: www.trualtbioenergy.com
TruAlt Bioenergy IPO FAQs
How many shares in the TruAlt Bioenergy IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a TruAlt Bioenergy Public Offer?
The best way to apply for the TruAlt Bioenergy public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is the TruAlt Bioenergy IPO GMP today?
TruAlt Bioenergy IPO GMP today is INR 90 per share.
What is the TruAlt Bioenergy kostak rate today?
TruAlt Bioenergy kostak rate today is INR NA per application.
What is TruAlt Bioenergy Subject to Sauda rate today?
TruAlt Bioenergy Subject to Sauda rate today is INR 2,000 per application.