Trualt Bioenergy IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 25 to Sep 29 2025
Price Band
₹472 - 496
Current GMP
₹545.4 (+9.96%)
Subscription
75.02 times
IPO Details
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | October 3, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹472 to ₹496 per share |
| Issue Price Final | ₹496 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,06,31,624 shares |
| Share Holding Post Issue | 8,57,52,591 shares |
IPO Date
September 25, 2025 to September 29, 2025
Listing Date
October 3, 2025
Face Value
₹10 per share
Issue Price Band
₹472 to ₹496 per share
Issue Price Final
₹496 per share
Lot Size
30 Shares
Sale Type
Fresh Capital-cum-Offer for Sale
Total 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)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
7,06,31,624 shares
Share Holding Post Issue
8,57,52,591 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 165.16 |
| Non-Institutional Buyers | 103.04 |
| bNII (bids above ₹10L) | 118.62 |
| sNII (bids below ₹10L) | 71.87 |
| Retail Investors | 11.50 |
| Total ** | 75.02 |
Anchor Investors
1
QIB (Ex Anchor)
165.16
Non-Institutional Buyers
103.04
bNII (bids above ₹10L)
118.62
sNII (bids below ₹10L)
71.87
Retail Investors
11.50
Total **
75.02
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 25, 2025 | 0.89 | 0.25 | 0.17 | 0.40 | 0.31 | 0.46 |
| Day 2 Sep 26, 2025 | 0.90 | 0.84 | 0.62 | 1.26 | 0.83 | 0.85 |
| Day 3 Sep 29, 2025 | 165.16 | 103.04 | 118.62 | 71.87 | 11.50 | 75.02 |
DayDay 1
Sep 25, 2025
QIB (Ex Anchor)0.89
NII0.25
NII (> ₹10L)0.17
NII (< ₹10L)0.40
Retail0.31
Total0.46
DayDay 2
Sep 26, 2025
QIB (Ex Anchor)0.90
NII0.84
NII (> ₹10L)0.62
NII (< ₹10L)1.26
Retail0.83
Total0.85
DayDay 3
Sep 29, 2025
QIB (Ex Anchor)165.16
NII103.04
NII (> ₹10L)118.62
NII (< ₹10L)71.87
Retail11.50
Total75.02
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-10-2025 | 496.00 | 85(17.14%) | 581 |
| 02-10-2025 | 496.00 | 90(18.15%) | 586 |
| 01-10-2025 | 496.00 | 97(19.56%) | 593 |
| 30-09-2025 | 496.00 | 74.5(15.02%) | 570.5 |
| 29-09-2025 | 496.00 | 107(21.57%) | 603 |
| 28-09-2025 | 496.00 | 109(21.98%) | 605 |
| 27-09-2025 | 496.00 | 98(19.76%) | 594 |
| 26-09-2025 | 496.00 | 95(19.15%) | 591 |
| 25-09-2025 | 496.00 | 80(16.13%) | 576 |
| 24-09-2025 | 496.00 | 80(16.13%) | 576 |
| 23-09-2025 | 496.00 | 60(12.10%) | 556 |
| 22-09-2025 | 496.00 | 54(10.89%) | 550 |
| 21-09-2025 | 0(0.00%) | (0.00%) | |
| 20-09-2025 | 0(%) | (%) |
Date03-10-2025
Price496.00
GMP85(17.14%)
Estimate List Price581
Date02-10-2025
Price496.00
GMP90(18.15%)
Estimate List Price586
Date01-10-2025
Price496.00
GMP97(19.56%)
Estimate List Price593
Date30-09-2025
Price496.00
GMP74.5(15.02%)
Estimate List Price570.5
Date29-09-2025
Price496.00
GMP107(21.57%)
Estimate List Price603
Date28-09-2025
Price496.00
GMP109(21.98%)
Estimate List Price605
Date27-09-2025
Price496.00
GMP98(19.76%)
Estimate List Price594
Date26-09-2025
Price496.00
GMP95(19.15%)
Estimate List Price591
Date25-09-2025
Price496.00
GMP80(16.13%)
Estimate List Price576
Date24-09-2025
Price496.00
GMP80(16.13%)
Estimate List Price576
Date23-09-2025
Price496.00
GMP60(12.10%)
Estimate List Price556
Date22-09-2025
Price496.00
GMP54(10.89%)
Estimate List Price550
Date21-09-2025
Price
GMP0(0.00%)
Estimate List Price(0.00%)
Date20-09-2025
Price
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Thu, Sep 25, 2025 |
| IPO Close Date | Mon, Sep 29, 2025 |
| Tentative Allotment | Tue, Sep 30, 2025 |
| Initiation of Refunds | Wed, Oct 1, 2025 |
| Credit of Shares to Demat | Wed, Oct 1, 2025 |
| Tentative Listing Date | Fri, Oct 3, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 29, 2025 |
IPO Open Date
Thu, Sep 25, 2025
IPO Close Date
Mon, Sep 29, 2025
Tentative Allotment
Tue, Sep 30, 2025
Initiation of Refunds
Wed, Oct 1, 2025
Credit of Shares to Demat
Wed, Oct 1, 2025
Tentative Listing Date
Fri, Oct 3, 2025
Cut-off time for UPI mandate confirmation
5 PM on Mon, Sep 29, 2025
IPO Lot Size
| 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 | 2,010 | ₹9,96,960 |
| B-HNI (Min) | 68 | 2,040 | ₹10,11,840 |
ApplicationRetail (Min)
Lots1
Shares30
Amount₹14,880
ApplicationRetail (Max)
Lots13
Shares390
Amount₹1,93,440
ApplicationS-HNI (Min)
Lots14
Shares420
Amount₹2,08,320
ApplicationS-HNI (Max)
Lots67
Shares2,010
Amount₹9,96,960
ApplicationB-HNI (Min)
Lots68
Shares2,040
Amount₹10,11,840
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 3,029.73 | 2,419.08 |
| Total Income | 1,968.53 | 1,280.19 |
| Profit After Tax | 146.64 | 31.81 |
| EBITDA | 309.14 | 188.09 |
| NET Worth | 769.00 | 264.61 |
| Total Borrowing | 1,549.68 | 1,684.68 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
31 Mar 20253,029.73
31 Mar 20242,419.08
Period EndedTotal Income
31 Mar 20251,968.53
31 Mar 20241,280.19
Period EndedProfit After Tax
31 Mar 2025146.64
31 Mar 202431.81
Period EndedEBITDA
31 Mar 2025309.14
31 Mar 2024188.09
Period EndedNET Worth
31 Mar 2025769.00
31 Mar 2024264.61
Period EndedTotal Borrowing
31 Mar 20251,549.68
31 Mar 20241,684.68
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) |
|---|---|---|---|---|---|
| TruAlt Bioenergy | 20.94 | 20.94 | 108.87 | 19.07 | |
| Balrampur Chini Mills | 21.65 | 21.57 | 187.99 | 23.89 | 11.51 |
| Triveni Engineering & Industries | 10.88 | 10.88 | 144.34 | 33.07 | 7.66 |
| Dalmia Bharat Sugar & Industries | 47.78 | 47.78 | 399.62 | 7.75 | 11.96 |
Company NameTruAlt Bioenergy
EPS (Basic)20.94
EPS (Diluted)20.94
NAV (per share) (Rs)108.87
P/E (x)
RoNW (%)19.07
Company NameBalrampur Chini Mills
EPS (Basic)21.65
EPS (Diluted)21.57
NAV (per share) (Rs)187.99
P/E (x)23.89
RoNW (%)11.51
Company NameTriveni Engineering & Industries
EPS (Basic)10.88
EPS (Diluted)10.88
NAV (per share) (Rs)144.34
P/E (x)33.07
RoNW (%)7.66
Company NameDalmia Bharat Sugar & Industries
EPS (Basic)47.78
EPS (Diluted)47.78
NAV (per share) (Rs)399.62
P/E (x)7.75
RoNW (%)11.96
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 84,60,482 (50.00%) | NA |
| − Anchor Investor Shares Offered | 50,76,289 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 33,84,193 (20.00%) | NA |
| NII (HNI) Shares Offered | 25,38,146 (15.00%) | NA |
| − bNII > ₹10L | 16,92,098 (10.00%) | 4,028 |
| − sNII < ₹10L | 8,46,048 (5.00%) | 2,014 |
| Retail Shares Offered | 59,22,339 (35.00%) | 1,97,411 |
| Total Shares Offered | 1,69,20,967 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered84,60,482 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered50,76,289 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered33,84,193 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered25,38,146 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered16,92,098 (10.00%)
Maximum Allottees4,028
Investor Category− sNII < ₹10L
Shares Offered8,46,048 (5.00%)
Maximum Allottees2,014
Investor CategoryRetail Shares Offered
Shares Offered59,22,339 (35.00%)
Maximum Allottees1,97,411
Investor CategoryTotal Shares Offered
Shares Offered1,69,20,967 (100.00%)
Maximum Allottees
Information about company
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 CBG production plan with a capacity of 10.20 TPD (Tonnes per day). To further expand its CBG capacity, it has entered into Memorandum of understandings (MoUs) with a Japanese Gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd.
As on the date of RHP, the company has five distillery units in Karnataka, four are operated on molasses and syrup-based feedstocks.
The company also proposed to enter into other verticals, including second-generation ethanol, sustainable aviation fuel, and Mevalonolactone (“MVL”) and Allied Biochemicals.
Competitive Strengths
Largest Installed Capacity for Production of Ethanol in India
Integrated Resource Management, Creating Scalable Operations
Strategically Located Production Infrastructure, with a Focus on Technological Innovation and Sustainability
Well-positioned to Capture Favourable Industry Tailwinds
Entrenched Customer Relationships and Strong Demand Pipeline
Skilled and Experienced Promoters and Management Team
Objectives of IPO
The Company Trualt Bioenergy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
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
2
Funding the working capital requirements.
425.00
3
General corporate purposes
81.36
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App