TruAlt Bioenergy IPO Date, Review, Price, Allotment Details
The TruAlt Bioenergy IPO opens on September 25, 2025, and will close on September 29, 2025. It is a Book Built Issue, with the company aiming to raise approximately ₹[.] crores, including a fresh issue of ₹750 crores and an offer for sale of up to 18,00,000 equity shares with a face value of ₹10 each.
The IPO price band is ₹[.] to ₹[.] per share. The retail allocation is 35%, the QIB allocation is 50%, and the HNI quota is 15%. The IPO is expected to list on BSE and NSE on October 3, 2025, with the allotment date scheduled for September 30, 2025.
Financially, TruAlt Bioenergy reported revenue of ₹1,907.72 crores in 2025, up from ₹1,223.40 crores in 2024. Profit surged to ₹146.64 crores in 2025, compared to ₹31.81 crores in 2024. Based on these financials, investors may consider applying to this IPO for the long term.
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 | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹[.] 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 Market Lot
The minimum market lot for the TruAlt Bioenergy IPO is 30 shares, requiring an application amount of ₹14,880. Retail investors can apply for up to 13 lots, totaling 390 shares, with an application amount of ₹1,93,440.
| 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 | 2010 | ₹9,96,960 |
| B-HNI Minimum | 68 | 2040 | ₹10,11,840 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
TruAlt Bioenergy IPO Anchor Investors
| Anchor Bidding Date | September 24, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | – Cr. |
| Lock-in period end date 50% shares (30 Days) | 2025 |
| Lock-in period end date 50% shares (90 Days) | 2025 |
TruAlt Bioenergy IPO Dates
The TruAlt Bioenergy IPO opens on September 25 and closes on September 29. The allotment will be finalized on September 30, with the listing scheduled for 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 2, 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 | – | 88.20% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores | % |
| Funding capital expenditure towards setting up multi-feed stock operations to pave the way for utilizing grains as an additional raw material in the 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 Limited, which was established in 2021, specializes in the production of biofuels, with a focus on ethanol. The company is recognized as one of India's top ethanol manufacturers, with a current installed production capacity of 2,000 kilo litres per day (KLPD) making it one of the top ethanol producers in India. In Fiscal 2025, the company has a share of 3.6% in total in ethanol production capacity.
The company's business engagement includes ethanol and compressed biogas (CBG) production. As of Mar 31, 2025, Leafinity, a subsidiary of the company, has one CBG unit with an operational capacity of 10.20 TPD (Tonnes per day). To expand its capacity, the company has signed Memorandum of understanding (MoUs) with a Japanese Gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd.
The company also intends to move into other verticals, such as second-generation ethanol, sustainable aviation fuel, and Mevalonolactone (“MVL”) and Allied Biochemicals.
TruAlt Bioenergy IPO Company Financial Report
The company reported revenue of ₹1,907.72 crores in 2025, up from ₹1,223.40 crores in 2024. Its profit increased to ₹146.64 crores in 2025, compared to ₹31.81 crores in 2024.
Amount in Crores (₹)
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹762.38 | ₹713.40 | ₹35.46 | ₹- |
| 2024 | ₹1,223.40 | ₹1235.31 | ₹31.81 | ₹- |
| 2025 | ₹1,907.72 | ₹1,809.09 | ₹146.64 | ₹- |
TruAlt Bioenergy IPO Valuation – FY2025
Check TruAlt Bioenergy IPO valuation details like Earnings Per Share (EPS), Price/Earnings (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/Earnings (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.
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
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: cs@trualtbioenergy.com
Website: https://www.trualtbioenergy.com/