TruAlt Bioenergy IPO: The initial public offering (IPO) of TruAlt Bioenergy Ltd concluded for subscription on September 29, with the issue subscribed 71.92 times, according to the provisional exchange data. The Karnataka-based company aims to raise Rs 839.28 crore through the public offering.
The basis of allotment is expected to be finalised today, September 30, followed by the credit of shares to the respective demat accounts of successful bidders.
Investors can check their allotment status on the websites of BSE, NSE, or the issue registrar, Bigshare Services.
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Here’s a step-by-step guide on how you can check your allotment status:
On the BSE website:
1) Visit the BSE allotment page
2) Select ‘Equity’ as the issue type
3) Choose ‘TruAlt Bioenergy Limited’
4) Enter your application number or PAN
5) Click search to view your allotment status
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On the NSE website:
1) Visit the NSE allotment page
2) Select ‘Equity and SME IPO bids’
3) Choose ‘TruAlt Bioenergy Limited’
4) Enter your PAN and application number
5) Click submit
On the issue registrar’s website (Bigshare Services):
1) Visit the Bigshare Services website
2) Select ‘TruAlt Bioenergy Limited’
3) Enter your application number, PAN, or Beneficiary ID
4) Click search to view your allotment status
TruAlt Bioenergy IPO highlights:
Overall, investors bid for 88.85 crore shares against the total 1.23 crore shares on offer, with Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) subscribing 159.22 times, 98.56 times and 11 times, respectively.
The IPO is a book-built issue with an issue size of Rs 839.28 crores, comprising a fresh issue of Rs 750 crores and an offer-for-sale (OFS) of Rs 89.28 crores.
The company plans to use the IPO proceeds for capital expenditure, working capital requirements and general corporate purposes.
Price band: Rs 472 to Rs 496 per equity share
Subscription date: September 25 to September 29, 2025
Face value: Rs 10 per equity share
Lot size: 30 shares, with a minimum application amount of Rs 14,880
Listing date: October 3, 2025
TruAlt Bioenergy company profile:
Founded in 2021, TruAlt Bioenergy is a Karnataka-based biofuel company specialising in ethanol and compressed biogas (CBG) production.
The company reported revenue of Rs 1,968.53 crores (FY2025), with a growth of 54 per cent from FY24. The Profit after Tax (PAT) was Rs 146.64 crores (FY2025), with a growth of 361 per cent from FY24.
