TruAlt Bioenergy IPO Details
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹472 to ₹496 Per Share |
| Issue Size | Approx ₹839.28 Crores |
| Fresh Issue | Approx ₹750 Crores |
| Offer for Sale: | Approx 18,00,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
TruAlt Bioenergy IPO Review & Key Points
- Review:
TruAlt Bioenergy IPO Market Lot
The TruAlt Bioenergy IPO minimum market lot is 30 shares with ₹14,880 application amount. The retail investors can apply up-to 13 lots with 390 shares of ₹1,93,440 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 30 | ₹14,880 |
| Retail Maximum | 13 | 390 | ₹1,93,440 |
| S-HNI Minimum | 14 | 420 | ₹2,08,320 |
| S-HNI Maximum | 67 | 2,010 | ₹9,96,960 |
| B-HNI Minimum | 68 | 2,040 | ₹10,11,840 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 50,76,289 Shares | 30% |
| QIB (Ex. Anchor) | 33,84,195 Shares | 20% |
| NII Shares Offered | 25,38,145 Shares | 15% |
| Retail Shares Offered | 59,22,339 Shares | 35% |
TruAlt Bioenergy IPO Anchor Investors
| Anchor Bidding Date | September 24, 2025 |
| Anchor Investors List | |
| Shares Offered | 50,76,289 Shares |
| Anchor Size | 251.78 Cr. |
| lock-in period end date 50% shares (30 Days) | October 30, 2025 |
| lock-in period end date 50% shares (90 Days) | December 29, 2025 |
TruAlt Bioenergy IPO Dates
The TruAlt Bioenergy IPO date is September 25 and the close date is September 29. The TruAlt Bioenergy IPO allotment will be finalized on September 30 and the IPO listing on October 3.
| IPO Open Date: | September 25, 2025 |
| IPO Close Date: | September 29, 2025 |
| Basis of Allotment: | September 30, 2025 |
| Refunds: | October 1, 2025 |
| Credit to Demat Account: | October 1, 2025 |
| IPO Listing Date: | October 3, 2025 |
| IPO Bidding Cut-off Time: | September 29, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Vijaykumar Murugesh Nirani, Vishal Nirani and Sushmitha Vijaykumar Nirani
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 7,06,31,624 | 88.20% |
| Promoter Holding Post Issue | 8,57,52,591 | 70.55% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| 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 |
| Funding our working capital requirements. | 425.00 |
| General Corporate Purpose | – |
About TruAlt Bioenergy IPO
TruAlt Bioenergy is one of the leading companies in terms of providing biofuel, and they have a strong focus on Ethanol. Moreover, they have built a strong and diverse presence in the biofuels industry. Furthermore, they also have an aim to expand Ethanol production by 600 KLPD at three locations.
Apart from Ethanol, they also produce Extra Neutral Alcohol (ENA), which is mainly used to make alcohol drinks. Moreover, they also have dry ice and liquid carbon dioxide (CO2) as by-products of the Ethanol production process. Furthermore, In order to increase their production capacity, the company has spent ₹14,278.41 lakhs. In fact, they also have a loan approval of up to ₹1,93,197.00 lakhs from the Central Government under the Ethanol Interest Subvention Schemes to support this expansion.
The company also has unique strengths, like interested promoters, along with experienced.
TruAlt Bioenergy IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹1,223.40 | ₹1,235.31 | ₹31.81 | ₹2,419.08 |
| 2025 | ₹1,968.53 | ₹1,809.09 | ₹146.64 | ₹3,029.73 |
TruAlt Bioenergy IPO Valuation – FY2025
Check TruAlt Bioenergy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 28.27% |
| ROCE: | 10.88% |
| EBITDA Margin: | 16.20% |
| PAT Margin: | 7.69% |
| Debt to equity ratio: | 2.02 |
| Earning Per Share (EPS): | ₹16.44 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.07% |
| Net Asset Value (NAV): | ₹108.87 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Balrampur Chini Mills Ltd | 21.65 | 23.89 | 11.51% | 187.99 | 5415.38 Cr. |
| Triveni Engineering & Industries Ltd | 10.88 | 33.07 | 7.66% | 144.34 | 6807.94 Cr. |
| Dalmia Bharat Sugar & Industries Ltd | 47.78 | 7.75 | 11.96% | 399.62 | 3745.78 Cr. |
IPO Lead Managers aka Merchant Bankers
- Dam Capital Advisors Ltd.
- SBI Capital Markets Ltd.
Company Address
Trualt Bioenergy Ltd
Survey No. 166, Kulali Cross,
Jamkhandi Mudhol Road, Bagalkot,
587313, Karnataka, India
Bagalkot, Karnataka, 587313
Phone: 080 2325 5000
Email: [email protected]
Website: https://www.trualtbioenergy.com/
IPO Registrar
Bigshare Services Pvt.Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Note: The TruAlt Bioenergy IPO price band and date are officially announced. The (TruAlt Bioenergy IPO grey market premium) will be added to the IPO GMP page as it will start).
