The TruAlt Bioenergy IPO is scheduled to open for subscription on September 25, 2025, and will close on September 29, 2025. The allotment will be finalized on September 30, 2025, and the shares are expected to list on the BSE and NSE on October 3, 2025. This Mainboard IPO is attracting investors due to the company’s strong financial growth and an attractive price band of ₹472 to ₹496 Per Share.
Here’s a complete guide covering IPO details, dates, promoters, financials, strengths, risks, and how to apply.
TruAlt Bioenergy IPO Details
| Particulars | Details |
| IPO Open Date | 25/09/2025 |
| IPO Close Date | 29/09/2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹472 to ₹496 Per Share |
| Issue Size | Approx ₹839.28 Crores |
| Fresh Issue | Approx ₹750Crores |
| Offer for Sale | Approx 18,00,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
| RHP Draft Prospectus | Download |
| DRHP Draft Prospectus | Download |
TruAlt Bioenergy IPO Market Lot
The minimum market lot for TruAlt Bioenergy IPO is 30 shares, with a total application amount of ₹14,880.
| 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 |
TruAlt Bioenergy 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 Timeline
The TruAlt Bioenergy IPO opens on September 25, 2025, and closes on September 29, 2025. The allotment will be finalized on September 30, 2025, with the shares list on October 3, 2025.
| Event | Date |
|---|---|
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Basis of Allotment | September 30, 2025 |
| Refunds Initiation | October 1, 2025 |
| Credit to Demat Account | October 1, 2025 |
| IPO Listing Date | October 3, 2025 |
| IPO Bidding Cut-off Time | September 29, 2025 – 5:00 PM |
Promaters and Holding Pattern
The promoters of TruAlt Bioenergy are Vijaykumar Murugesh Nirani, Vishal Nirani and Sushmitha Vijaykumar Nirani. who is responsible for guiding the company’s strategic growth and operational decisions.
| 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 | – |
Company Financial
Amount ₹ in Crores
| Period Ended | March-2025 | March-2024 |
| Assets | 3,029.73 | 2,419.08 |
| Revenue | 1,968.53 | 1,280.19 |
| Net Worth | 769.00 | 264.61 |
| profit After Tax | 146.64 | 31.81 |
| Reserves And Surpluse | 0 | 0 |
| Total Borrowing | 1,549.68 | 1,684.68 |
TruAlt Bioenergy IPO Valuation
Check TruAlt Bioenergy IPO valuation details, including Price/Earnings P/E Ratio, Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | March-2025 | March-24 | March-23 |
| EPS | 20.94 | 4.25 | 7.1 |
| ROE | 28.27 | 10.27 | 27.04 |
| ROCE | 10.88 | 7.42 | 11.38 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 23.89 | 0 | 0 |
| POST IPO(PE) | 29.01 | 0 | 0 |
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About company
Incorporated in 2021, TruAlt Bioenergy Limited is engaged in the production and distribution of biofuels, primarily ethanol, catering to the growing demand for sustainable energy solutions in India. The company has recently been authorized by the Ministry of Petroleum and Natural Gas as an Oil Marketing Company (OMC), enabling it to retail petrol and high-speed diesel. TruAlt plans to establish 100 retail fuel outlets, with operations commencing at eight locations.
TruAlt Bioenergy IPO Strenght Factors
- Strong Financial Growth: Significant increase in revenue and profit margins.
- Government Authorization: OMC status allows retail fuel distribution.
- Expansion Plans: Establishment of 100 retail outlets.
TruAlt Bioenergy IPO Risk Factors
- High Debt Levels: Net debt of ₹1,400 crore.
- Market Competition: Intense competition in the biofuels sector.
- Regulatory Risks: Dependence on government policies and approvals.
Lead Manager
- Dam Capital Advisors Ltd.
- SBI Capital Markets Ltd.
Company Details
- Name:- TruAlt Bioenergy
- Email:- cs@trualtbioenergy.com
- Phone:- 080 2325 5000
- Website:- https://www.trualtbioenergy.com/
- Address:- Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, 587313, Karnataka, India Bagalkot, Karnataka, 587313
IPO Registrar
- Name:- Bigshare Services Pvt.Ltd.
- Email:- ipo@bigshareonline.com
- Phone:- +91-22-6263 8200
- Website:- https://ipo.bigshareonline.com/ipo_status.html
Disclemer
IPO Sevak (iposevak.com) is not a SEBI-registered advisor. This content is for informational purposes only and should not be considered as investment advice. Please consult a licensed financial advisor before investing.
FAQs
1.When does the TruAlt Bioenergy IPO open and close?
Ans:- The IPO opens on September 25, 2025, and closes on September 29, 2025.
2. What is the price band for the TruAlt Bioenergy IPO?
Ans:- The price band is ₹472 to ₹496 Per Share.
3. What is the minimum lot size and investment amount?
Ans:- The minimum market lot is 30 shares, requiring an investment of ₹₹14,880.
4. Who are the promoters of the TruAlt Bioenergy?
Ans:- The promoters are Vijaykumar Murugesh Nirani, Vishal Nirani and Sushmitha Vijaykumar Nirani.
5. When will the allotment be finalized?
Ans:- The allotment will be finalized on September 30, 2025.
6. When will the TruAlt Bioenergy IPO list on the stock exchange?
Ans:- The shares are expected to list on the BSE NSE on October 3, 2025.