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TruAlt Bioenergy

Trualt Bioenergy Limited, established in 2021, is a growing player in the renewable energy sector, primarily focusing on ethanol and compressed biogas (CBG). The company operates three distillery units in Karnataka with a combined ethanol production capacity of 1,400 KLPD, supported by both molasses and sugar syrup as raw materials. In FY 2023 and 2024, it produced 164,904 KL and 141,659 KL of ethanol, showing steady contribution to India’s green energy transition. Alongside ethanol, Trualt runs a CBG unit with an installed capacity of 10.20 TPD at its Jamakhandi facility and has partnered with GAIL through its subsidiary Leafiniti to set up nine more CBG plants, indicating strong expansion plans. The company aims to strengthen its position in the biofuel industry by focusing on capacity growth, strategic partnerships, and sustainable energy solutions. As of March 31, 2024, it employed 541 people across its operations.

₹472 - ₹49675.02x sub
Listed Price₹545.40
Listing Gain+9.96%

IPO Schedule & Timeline

Bookbuilding IPO
Open25 Sep 2025
Close29 Sep 2025
Allotment30 Sep 2025
Listing03 Oct 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor50,76,289 shares
30%
QIB33,84,195 shares
20%
HNI25,38,145 shares
15%
Retail59,22,339 shares
35%

Minimum Application Lots

Retail1 Lot (30 shares)
₹14,880
sHNI14 Lots (420 shares)
₹2,08,320
bHNI68 Lots (2,040 shares)
₹10,11,840

Company Promoters

Vijaykumar Murugesh NiraniVishal NiraniSushmitha Vijaykumar Nirani

Company Background

Trualt Bioenergy Limited, established in 2021, is a growing player in the renewable energy sector, primarily focusing on ethanol and compressed biogas (CBG). The company operates three distillery units in Karnataka with a combined ethanol production capacity of 1,400 KLPD, supported by both molasses and sugar syrup as raw materials. In FY 2023 and 2024, it p...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹1968.53 Cr
Growth+53.8%
Revenue Trend (₹ in Crores)
0.0754.61.5k2.3kMar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-251,968.53146.643,029.731,549.68
Mar-241,280.1931.812,419.081,684.68

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-2520.9428.27%10.88%23.8929.01
Mar-244.2510.27%7.42%00
Mar-237.127.04%11.38%00

Peer Comparison & Valuation

Financial Performance

Balrampur Chini Mills Ltd

NAV/Share (₹)187.99
RONW(%)11.51
EPS (Basic) (₹)21.65

TruAlt Bioenergy Limited

NAV/Share (₹)108.87
RONW(%)19.07
EPS (Basic) (₹)20.94

Triveni Engineering & Industries Limited

NAV/Share (₹)144.34
RONW(%)7.66
EPS (Basic) (₹)10.88

Dalmia Bharat Sugar & Industries Limited

NAV/Share (₹)399.62
RONW(%)11.96
EPS (Basic) (₹)47.78

Valuation

Balrampur Chini Mills Ltd

P/E(X)23.89
CMP* (₹)515.35
Face value (₹)1.00

TruAlt Bioenergy Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10.00

Triveni Engineering & Industries Limited

P/E(X)33.07
CMP* (₹)359.75
Face value (₹)1.00

Dalmia Bharat Sugar & Industries Limited

P/E(X)7.75
CMP* (₹)370.45
Face value (₹)2.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
30 Sep 2025
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
03 Oct 2025

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for TruAlt Bioenergy. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization30 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date03 Oct 2025Trading commences on exchange

How to Check TruAlt Bioenergy Allotment Online

1Open Portal

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2Select Company

Select TruAlt Bioenergy from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About TruAlt Bioenergy IPO

Complete issue overview for TruAlt Bioenergy (TRUALT) IPO. The issue features an equity share price band of ₹472 – ₹496 per share with a minimum retail lot size of 30 Shares (minimum application amount of ₹14,880). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions