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TruAlt Bioenergy Limited

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 Price545.40
Listing Gain+9.96%
Peer Comparison-Financial performance and valuation from the IPO detail feed
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
TruAlt Bioenergy Limited IPO Peers | GMP, Allotment & Financials | IPO Trending