Trualt Bioenergy IPO
Trualt Bioenergy IPO
Overview
Trualt Bioenergy IPO is a book build issue of ₹839.28 crores. The issue is a combination of fresh issue of 1.51 crore shares aggregating to ₹750.00 crores and offer for sale of 0.18 crore shares aggregating to ₹89.28 crores. Trualt Bioenergy IPO bidding opened for subscription on Sep 25, 2025 and will close on Sep 29, 2025. The allotment for the Trualt Bioenergy IPO is expected to be finalized on Sep 30, 2025. Trualt Bioenergy IPO will list on BSE, NSE with a tentative listing date fixed as Oct 3, 2025. Trualt Bioenergy IPO price band is set at ₹472.00 to ₹496.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,880 (30 shares) (based on upper price). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (2,040 shares), amounting to ₹10,11,840. Dam Capital Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
1,69,20,967
Issue Size
₹839.28 Cr
Price Band
₹472 – ₹496
Lot Size
30 shares
Min. Investment
₹14,880
Max. Investment
₹1,93,440
Open Date
25 Sep, 2025
Close Date
29 Sep, 2025
Allotment
30 Sep, 2025
Listing
03 Oct, 2025
Max. Investment
₹1,93,440
Announced
25 Sep, 2025
Opening Date
25 Sep, 2025
Closing Date
29 Sep, 2025
Basis of Allotment
30 Sep, 2025
Initiation of Refunds
01 Oct, 2025
Credit of Shares
01 Oct, 2025
Listing Date
03 Oct, 2025
Live GMP
Est. Listing: ₹606
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About Trualt Bioenergy IPO
Trualt Bioenergy Limited, incorporated in 2021, is engaged in the production of biofuels, with a primary focus on the ethanol sector. It is one of the largest Ethanol producer in India based on installed capacity of 2,000 kilo litres per day (KLPD). In Fiscal 2025, it has a 3.6% market share in ethanol production capacity.
The company's business operations spans across ethanol production and compressed biogas (CBG) production. As on Mar 31, 2025, its subsidiary, Leafinity operates one C
Trualt Bioenergy IPO Share Price
Issue Breakdown
Shareholding
Dilution: 21.4% increase in shares
Trualt Bioenergy IPO Promoters Holding
Trualt Bioenergy IPO Financial Health
TruAlt Bioenergy Ltd.'s revenue increased by 54% and profit after tax (PAT) rose by 361% between the financial year ending with March 31, 2025 and March 31, 2024.
Trualt Bioenergy IPO Lot Size
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,880 |
| Retail (Max) | 13 | 390 | ₹1,93,440 |
| S-HNI (Min) | 14 | 420 | ₹2,08,320 |
| S-HNI (Max) | 67 | 2010 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2040 | ₹10,11,840 |
(All values in CR)
Trualt Bioenergy IPO Valuations
The market capitalization of Trualt Bioenergy IPO is ₹4253.33 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Trualt Bioenergy IPO Strength & Risk
Trualt Bioenergy IPO Strength:
One of India’s largest ethanol producers with substantial operational capacity.
Benefits from government initiatives like the Ethanol Blending Program and SATAT scheme.
Strategically located production facility ensuring proximity to raw materials and lower transportation costs.
Diversified product portfolio including ethanol, Extra Neutral Alcohol (ENA), dry ice, and liquid carbon dioxide.
Authorized as an Oil Marketing Company (OMC) with plans to establish multiple retail fuel outlets.
Trualt Bioenergy IPO Risk:
Operations heavily reliant on sugarcane and molasses, vulnerable to crop and supply disruptions.
Revenue concentrated among a few major customers, primarily Oil Marketing Companies (OMCs).
Geographical concentration of units increases risk from regional disruptions.
Elevated debt levels may lead to higher interest costs and financial strain.
Susceptible to changes in government policies related to ethanol blending, fuel pricing, or environmental regulations.
Trualt Bioenergy IPO Subscriptions Status
Trualt Bioenergy IPO subscribed 75.02 times. The public issue subscribed 11.50 times in the retail category, 165.16 times in QIB (Ex Anchor), and 103.04 times in the NII category by September 29, 2025 5:05:28 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 50,76,289 | 50,76,289 | 251.784 |
| QIB (Ex Anchor) | 165.16 | 33,84,195 | 55,89,31,920 | 27 |
| Non-Institutional Buyers | 103.04 | 25,38,145 | 26,15,23,200 | 12 |
| bNII (bids above ₹10L) | 118.62 | 16,92,097 | 20,07,15,030 | 9 |
| sNII (bids below ₹10L) | 71.87 | 8,46,048 | 6,08,08,170 | 3 |
| Retail | 11.50 | 59,22,339 | 6,80,79,090 | 3 |
| Total | 75.02 | 1,18,44,679 | 88,85,34,211 | 44 |
Trualt Bioenergy IPO GMP
TruAlt Bioenergy IPO last GMP is ₹110, last updated Sep 29th 2025 05:58 PM. With the price band of 496.00, TruAlt Bioenergy IPO's estimated listing price is ₹606 (cap price + today's GMP).The expected percentage gain/loss per share is 22.18%. >> TruAlt Bioenergy IPO Retail Subject to Sauda: ₹2500 >> TruAlt Bioenergy IPO Small HNI Subject to Sauda: ₹35000 The lowest GMP is ₹0.00, while the highest GMP is ₹110.00.
Last updated 29 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 29 Sep, 2025 | 496 | ₹110▲ | 2500/35000 | ₹606 (22.18%) | 3300 | 29 Sep, 2025 |
| 28 Sep, 2025 | 496 | ₹109▲ | 2500/35000 | ₹605 (21.98%) | 3270 | 28 Sep, 2025 |
| 27 Sep, 2025 | 496 | ₹98▲ | 2200/30800 | ₹594 (19.76%) | 2940 | 27 Sep, 2025 |
| 26 Sep, 2025 | 496 | ₹95▲ | 2200/30800 | ₹591 (19.15%) | 2850 | 26 Sep, 2025 |
| 25 Sep, 2025 | 496 | ₹80 | 1800/25200 | ₹576 (16.13%) | 2400 | 25 Sep, 2025 |
| 24 Sep, 2025 | 496 | ₹80▲ | 1800/25200 | ₹576 (16.13%) | 2400 | 24 Sep, 2025 |
| 23 Sep, 2025 | 496 | ₹60▲ | 1400/19600 | ₹556 (12.10%) | 1800 | 23 Sep, 2025 |
| 22 Sep, 2025 | 496 | ₹54▲ | 1200/16800 | ₹550 (10.89%) | 1620 | 22 Sep, 2025 |
| 21 Sep, 2025 | 496 | ₹0 | - | ₹ (0.00%) | - | 21 Sep, 2025 |
| 20 Sep, 2025 | 496 | ₹0 | - | ₹ (%) | - | 20 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Trualt Bioenergy IPO
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Find Trualt Bioenergy IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
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Your funds will be blocked in your account until the IPO allotment process is completed.