The TruAlt Bioenergy IPO opens on September 25, 2025, and closes on September 29, 2025. The TruAlt Bioenergy IPO is a book-built issue. The company will raise approximately ₹[.] crore through the IPO, which includes a fresh issue of shares worth ₹750 crore and an offer for sale of up to 18,00,000 equity shares with a face value of ₹10.
The price band for the TruAlt Bioenergy IPO is ₹[.] to ₹[.] per share. The retail quota is 35%, QIBs 50%, and HNIs 15%. The TruAlt Bioenergy IPO will be listed on the BSE and NSE on October 3, 2025. The allotment date for the TruAlt Bioenergy IPO is September 30, 2025.
The company reported revenue of ₹1,907.72 crore in 2025, compared to ₹1,223.40 crore in 2024. The company reported a profit of ₹146.64 crore in 2025, compared to ₹31.81 crore in 2024. Based on the financials, IPO investors should invest in the IPO GMP 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 TruAlt Bioenergy IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of ₹[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
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 date is September 25 and the close date is September 29. The TruAlt Bioenergy IPO allotment will be finalized on September 30 and the IPO listing on 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- 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 | – | -% |
About TruAlt Bioenergy IPO
To be updated soon
TruAlt Bioenergy IPO Company Financial Report
The company reported revenue of ₹1907.72 crores in 2025 against ₹1223.40 crores in 2024. The company reported profit of ₹146.64 crores in 2025 against profit of ₹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 valuations detail like Earning Per Share (EPS), Price/Earning 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/Earning 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.
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/
IPO Registrar
Bigshare Services Pvt.Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html