TruALT Bioenergy is one of India’s largest biofuels producers and has established itself as a prominent and diversified player in the country’s biofuels industry, with a primary focus on ethanol production (Source: CRISIL Report). In addition to ethanol, it manufactures extra neutral alcohol and markets dry ice and liquid carbon dioxide, which are generated as by-products of its production processes. Further expanding its portfolio, the company, through its subsidiary Leafiniti Bioenergy Private Limited, is engaged in the production of compressed biogas, strengthening its presence across the clean energy value chain.
Price Band₹472 - ₹496 |
Dates25 Sep - 29 Sep |
GMP₹105 (21.17%) |
Subscriptions71.92 times |
Issue Size₹839.28 Crs |
Trualt Bioenergy IPO Objects
- Funding capital expenditure towards setting up multi-feed stock operations to pave- way for utilizing grains
as an additional raw material in ethanol plants at TBL Unit 4 of 300 KLPD capacity - Funding our working capital requirements
- General corporate purposes
Trualt Bioenergy IPO Details
Price Band₹472 - ₹496 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹750.00 Cr (1.51 Cr Shares) |
Offer For Sale₹89.28 Cr (0.18 Cr Shares) |
Total Issue₹839.28 Cr (1.69 Cr Shares) |
Face Value₹10 per equity share |
Trualt Bioenergy IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
30
14,880
Maximum
13
390
1,93,440
|
|||
| Small HNI |
Minimum
14
420
2,08,320
Maximum
67
2,010
9,96,960
|
|||
| Big HNI |
Minimum
68
2,040
10,11,840
|
|||
Trualt Bioenergy IPO Subscription
Updated as on 29-Sep-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 159.22 | 35,10,508 | 55,89,31,920 |
| NII | 98.56 | 26,53,475 | 26,15,30,760 |
| bNII (bids above ₹10L) | 113.46 | 17,68,984 | 20,07,15,030 |
| sNII (bids between ₹2L to ₹10L) | 68.76 | 8,84,491 | 6,08,15,730 |
| Retail | 11.00 | 61,91,441 | 6,81,04,140 |
| Total | 71.92 | 1,23,55,424 | 88,85,66,820 |
Trualt Bioenergy IPO GMP
The estimated Grey Market Premium of Trualt Bioenergy IPO is ₹105 per share (21.17%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Trualt Bioenergy IPO Financials
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 1,907.72 | 1,223.40 | 762.38 |
| Profit after Tax | 146.64 | 31.81 | 35.46 |
| Net Worth | 769.00 | 264.61 | 240.49 |
| Total Borrowing | 1,549.68 | 1,684.68 | 1,150.10 |
| Total Assets | 3,029.73 | 2,419.08 | 1,855.98 |
| NAV per share (in ₹) | 110.22 | 43.32 | 52.48 |
| EPS - Basic (in ₹) | 20.94 | 4.25 | 7.10 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | KPI |
|---|---|
| EBITDA | 16.20% |
| Net Profit Ratio | 7.69% |
| ROE | 28.27% |
| ROCE | 10.88% |
| PE Ratio | 23.69 |
| PB Ratio | 4.50 |
| Mkt Cap (in Crs.) | 4,253.33 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Trualt Bioenergy IPO Peer Comparision
| Particulars | TruAlt Bioenergy | Balrampur Chini Mills | Triveni Engineering | Dalmia Bharat |
|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,907.72 | 5,415.38 | 6,807.94 | 3,745.78 |
| PAT (In Crs.) | 146.64 | 436.92 | 238.26 | 386.75 |
| EPS - Basic | 20.94 | 21.65 | 10.88 | 47.78 |
| NAV per share | 108.87 | 187.99 | 144.34 | 399.62 |
| RONW | 19.07% | 11.51% | 7.66% | 11.96% |
| EBITDA | 16.20% | 13.65% | 6.99% | 12.52% |
| PAT Margin | 7.69% | 8.07% | 3.50% | 10.32% |
| Price to earning (PE) | 23.69 | 23.89 | 33.07 | 7.75 |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 17, 2025 for Peers
Trualt Bioenergy IPO Peer Comparision
| Particulars | TruAlt Bioenergy |
|---|---|
| Revenue from Ops (in Crs.) | 1,907.72 |
| PAT (In Crs.) | 146.64 |
| EPS - Basic | 20.94 |
| NAV per share | 108.87 |
| RONW | 19.07% |
| EBITDA | 16.20% |
| PAT Margin | 7.69% |
| Price to earning (PE) | 23.69 |
| Balrampur Chini Mills | Triveni Engineering | Dalmia Bharat |
|---|---|---|
| 5,415.38 | 6,807.94 | 3,745.78 |
| 436.92 | 238.26 | 386.75 |
| 21.65 | 10.88 | 47.78 |
| 187.99 | 144.34 | 399.62 |
| 11.51% | 7.66% | 11.96% |
| 13.65% | 6.99% | 12.52% |
| 8.07% | 3.50% | 10.32% |
| 23.89 | 33.07 | 7.75 |
- All information pertains to FY 2024-25.
- The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 17, 2025 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Vijaykumar Murugesh Nirani | 21.71% |
| Vishal Nirani | 21.70% |
| Sushmitha Vijaykumar Nirani | 20.64% |
| Others | 24.16% |
| Total | 88.20% |
Management Details
| Name | Designation |
|---|---|
| Yagati Badarinarayana Ramakrishna | Chairman |
| Vijaykumar Murugesh Nirani | MD |
| Anand Kishore | CFO |
Company Details
Name: Trualt Bioenergy Limited IPO
Address: Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot – 587313, Karnataka, India
Number: 080 2325 5000
Email: cs@trualtbioenergy.com
Website: https://www.trualtbioenergy.com/
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Find answers to common questions that come in your mind related to IPO.
Trualt Bioenergy IPO is a Mainboard IPO having an issue size of Rs. ₹839.28 Crs. Trualt Bioenergy IPO is priced at ₹472 - ₹496 per share. The issue opens on 25 Sep 25 and closes on 29 Sep 25.
Trualt Bioenergy IPO opens on 25 Sep 25 and closes on 29 Sep 25.
The estimated Grey Market Premium of Trualt Bioenergy IPO is ₹105 per share (21.17%).
The minimum lot size of Trualt Bioenergy IPO is 30 shares & the minimum application amount is Rs. 14880.
The allotment date of Trualt Bioenergy IPO is 30 Sep 25.
The listing date of Trualt Bioenergy IPO is 03 Oct 25.
Trualt Bioenergy IPO is subscribed 71.92 times.
Trualt Bioenergy IPO is priced at ₹472 - ₹496 per share.
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