Trualt Bioenergy IPO Details
The Trualt Bioenergy IPO is a book build issue with a total issue size of ₹839.28 cr, comprising of fresh issue of 15120967 equity shares., and a offer for sale of 1800000 equity shares. Trualt Bioenergy IPO opened for subscription on Sep 25, 2025 and closed on Sep 29, 2025. Trualt Bioenergy IPO is set price band at ₹472 to ₹496 per share, with a lot size of 30 shares. Minimum investment for Retail investors was ₹14,880.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 30, 2025, and listed on both the NSE and BSE on Oct 03, 2025.
Bigshare Services Pvt Ltd has been appointed as the registrar. Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Trualt Bioenergy IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 472 – 496
- Lot Size
- 30
- Issue Size
- ₹839.28 Cr
- Minimum Investment
- ₹14880 (30 Shares)
- Listing Date
- 03 October 2025
Current GMP
₹85 (+17.14%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Trualt Bioenergy Ltd
Incorporated in 2021, Trualt Bioenergy Limited is a leading player in India’s renewable energy sector, primarily engaged in the production of biofuels, with a key focus on ethanol. As of Fiscal 2025, the company ranks among the largest ethanol producers in India, with an installed production capacity of 2,000 kilolitres per day (KLPD), representing a 3.6% share of the national ethanol production capacity.
Trualt’s business operations encompass ethanol and compressed biogas (CBG) production. As of March 31, 2025, its wholly-owned subsidiary, Leafinity, operates a CBG plant with a capacity of 10.20 tonnes per day (TPD). To expand its CBG footprint, the company has signed Memorandums of Understanding (MoUs) with a prominent Japanese gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd.
The company currently operates five distillery units in Karnataka, of which four utilize molasses and syrup-based feedstocks.
Looking ahead, Trualt Bioenergy is actively exploring expansion into new verticals, including:
- Second-generation ethanol
- Sustainable aviation fuel (SAF)
- Mevalonolactone (MVL) and allied biochemicals
Competitive Strengths
- Market Leader in Ethanol Capacity: Holds the largest installed ethanol production capacity in India.
- Integrated and Scalable Operations: Efficient resource management supports sustainable growth.
- Strategic Infrastructure: Production units are well-located, leveraging technology and sustainability.
- Favorable Industry Positioning: Positioned to benefit from supportive regulatory and market trends.
- Established Customer Base: Strong, long-term relationships with key clients ensure consistent demand.
- Experienced Leadership: Guided by skilled promoters and a seasoned management team.
Trualt Bioenergy IPO Promoters
- Vijaykumar Murugesh Nirani
- Vishal Nirani
- Sushmitha Vijaykumar Nirani
Promoters Holding
Holding Pre Issue
88.20%
Holding Post Issue
70.55%
Trualt Bioenergy IPO Objective
The Company TruAlt Bioenergy IPO proposes to utilise the Net Proceeds from the Issue towards 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.
- Funding our working capital requirements.
- General corporate purposes
Address / Contact Info
Trualt Bioenergy Ltd.
Survey No. 166, Kulali Cross,
Jamkhandi Mudhol Road, Bagalkot,
587313, Karnataka, India
Bagalkot, Karnataka, 587313
Phone: 080 2325 5000
Email: cs@trualtbioenergy.com
Website: https://www.trualtbioenergy.com/
IPO Snapshot
Book Running Lead Managers
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Trualt Bioenergy IPO is a Book-building IPO with a total issue size of ₹839.28 crore. The Trualt Bioenergy IPO price band is ₹472 to 496 per share. The Trualt Bioenergy IPO subscription opens on Thu, Sep 25, 2025, and closes on Mon, Sep 29, 2025. The Trualt Bioenergy IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Trualt Bioenergy IPO.
The Trualt Bioenergy IPO opens on Thu, Sep 25, 2025 and closes on Mon, Sep 29, 2025
Trualt Bioenergy IPO Price Band is ₹472 to 496 per share.
Trualt Bioenergy IPO lot size is 30 shares, Retail investors need a minimum investment of ₹14880 based on the upper price band
The minimum investment for Trualt Bioenergy IPO is ₹14880, based on one lot of 30 shares at the upper price band of ₹496 per share.
Investors can apply for the Trualt Bioenergy IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 29, 2025. The application amount remains blocked until the Trualt Bioenergy IPO allotment is finalized.
Trualt Bioenergy IPO issue size is ₹839.28 crores.
Trualt Bioenergy IPO allotment date is Wed, Jul 1, 2026.
The registrar for Trualt Bioenergy IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Trualt Bioenergy IPO allotment status, refund processing, and other IPO-related information.
The Trualt Bioenergy IPO GMP (Grey Market Premium) is ₹85 as of Fri, Oct 3, 2025. Based on the upper price band of ₹496 per share, the estimated Trualt Bioenergy IPO listing price is ₹581, indicating a potential listing gain of approximately 0% over the issue price.