Trualt Bioenergy IPO Upcoming
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About Trualt Bioenergy
TruAlt Bioenergy is a renewable energy enterprise based in Bengaluru, India. Founded in March 2021, the company operates in the biofuels sector, focusing on producing ethanol, compressed biogas (CBG), and other alternative energy products. It engages in both first-generation and second-generation ethanol production and is involved in sustainable aviation fuel and biogas initiatives. TruAlt Bioenergy is also pursuing expansion projects to increase its manufacturing capacity and broaden its presence in the Indian renewable energy market.
Financials of Trualt Bioenergy
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | Up to [●]Equity Shares of face value of ₹10 each aggregating up to ₹[●] lakhs |
| Fresh Issue | ₹750 crores |
| Offer for slae | Up to 36,00,000 Equity Shares of face value of ₹10 each aggregating up to ₹[●]lakhs |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 424.95 (56.66%) |
| Setting-up multi-feed stock operations | 172.5 (23%) |
| General corporate purposes | (Not above 25% of gross proceeds) |
Strengths
- Largest installed capacity for the production of ethanol in India
- Diversified Renewable Energy Portfolio
- Strategic Collaborations with Industry Leaders
- Alignment with Government Biofuel Policies
- Early Mover Advantage in Emerging Biofuel Segments (e.g., SAF, MVL)
- Technological Partnerships Supporting Innovation
Risks
- Dependence on ethanol sales.
- Logistics and transportation challenges.
- Regulatory and environmental compliance risks.
- Regional issues may disrupt operations due to unit concentration.
- Equipment or labour issues can halt production.