Trualt Bioenergy Limited IPO

Trualt Bioenergy Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹472 - ₹496

Total Issue

₹839.28 Cr

Bid Dates

25 Sep - 29 Sep

Subscription

71.92x

Est. GMP

₹105 (21.17%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Trualt Bioenergy IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹839.28 Cr
Fresh Issue
₹750.00 Cr (1.51 Cr Shares)
Offer For Sale
₹89.28 Cr (0.18 Cr Shares)

Objects of Issue

  1. 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
  2. Funding our working capital requirements
  3. General corporate purposes

Grey Market Premium

GMP ₹105
Est. Price ₹601
Est. Gain 21.17%

Trualt Bioenergy IPO Peer Comparison

(Rs. in crores)

Trualt Bioenergy IPO Peer Comparison Table
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
  1. All information pertains to FY 2024-25.
  2. The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 17, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Trualt Bioenergy IPO
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

KPIs

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.

Shareholding

Promoter

88.20%

Public

11.80%

Vijaykumar Murugesh Nirani 21.71%
Vishal Nirani 21.70%
Sushmitha Vijaykumar Nirani 20.64%
Others 24.16%

Management

Yagati Badarinarayana Ramakrishna Chairman
Vijaykumar Murugesh Nirani MD
Anand Kishore CFO

Registrar & Lead Managers

Registrar

Bigshare Services

Bigshare Services

Subscription Status

Updated as on 29-Sep-2025 19:00:00

Mainboard Subscription Status for Trualt Bioenergy IPO
Category Sub (x) Offered Bids
QIB 165.16 33,84,195 55,89,31,920
NII 103.04 25,38,145 26,15,30,760
bHNI 118.62 16,92,097 20,07,15,030
sHNI 71.88 8,46,048 6,08,15,730
Retail 11.50 59,22,339 6,81,04,140
Total 75.02 1,18,44,679 88,85,66,820

Frequently Asked Questions

What is Trualt Bioenergy IPO?
Trualt Bioenergy IPO is a Mainboard IPO having an issue size of ₹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.
When will Trualt Bioenergy IPO open?
Trualt Bioenergy IPO opens on 25 Sep 25 and closes on 29 Sep 25.
What is the GMP of Trualt Bioenergy IPO?
The estimated Grey Market Premium of Trualt Bioenergy IPO is ₹105 per share (21.17%).
What is the lot size of Trualt Bioenergy IPO?
The minimum lot size of Trualt Bioenergy IPO is 30 shares & the minimum application amount is Rs. 14880.
When is the allotment of Trualt Bioenergy IPO?
The allotment date of Trualt Bioenergy IPO is 30 Sep 25.
What is the listing date of Trualt Bioenergy IPO?
The listing date of Trualt Bioenergy IPO is 03 Oct 25.
What is the subscription of Trualt Bioenergy IPO?
Trualt Bioenergy IPO is subscribed 71.92 times.
What is the price band of Trualt Bioenergy IPO?
Trualt Bioenergy IPO is priced at ₹472 - ₹496 per share.
How to check allotment status of Trualt Bioenergy IPO?
Click the allotment link on Trualt Bioenergy IPO page of IPO360.
How to apply Trualt Bioenergy IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Trualt Bioenergy IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Trualt Bioenergy IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Trualt Bioenergy IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date