Trualt Bioenergy IPO
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Schedule of Trualt Bioenergy
| Issue open date | 25 Sep 2025 |
| Issue close date | 29 Sep 2025 |
| UPI mandate deadline | 29 Sep 2025 (5 PM) |
| Allotment finalization | 30 Sep 2025 |
| Refund initiation | 01 Oct 2025 |
| Share credit | 01 Oct 2025 |
| Listing date | 03 Oct 2025 |
| Mandate end date | 14 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 30 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 29 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹839.28 crores |
| Fresh Issue | ₹750 crores |
| Offer for sale | ₹89.28 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 424.95 (56.66%) |
| 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 (20.09%) |
| General corporate purposes | 174.37 (23.24%) |
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.
Allotment Status for Trualt Bioenergy
To check your allotment status – click here.
Subscription Figures for Trualt Bioenergy
As per media reports (Link), the Grey Market Premium (GMP) of Trualt Bioenergy is reported at ₹81 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 33.84 | 30.40 | 0.90x |
| NII | 25.38 | 21.22 | 0.84x |
| Retail | 59.22 | 49.03 | 0.83x |
| Total | 118.44 | 100.66 | 0.85x |