TruAlt Bioenergy IPO: The initial public offering (IPO) of TruAlt Bioenergy Ltd concluded its second day of bidding today, September 26, with the issue subscribed 81 per cent, as per provisional exchange data. The Karnataka-based company aims to raise Rs 839.28 crores through a fresh issue of Rs 750 crore and an Offer for Sale (OFS) of Rs 89.28 crore.
TruAlt Bioenergy IPO subscription status:
Investors bid for approximately 1 crore shares out of the total 1.23 crore shares on offer. The subscription includes the Qualified Institutional Buyers (QIBs), who bid 0.87 times, Non-Institutional Investors (NIIs) who bid 0.80 times, and Retail Individual Investors (RIIs) who bid 0.79 times.
In terms of shares, QIBs bid for 30.40 lakh shares out of the 35.10 lakh shares reserved, NIIs bid for 21.22 lakh shares out of the 26.53 lakh shares allotted, and RIIs bid for 48.92 lakh shares out of the allotted 61.91 lakh shares.
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TruAlt Bioenergy IPO details:
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
Allotment date: September 30, 2025
Listing date: October 3, 2025
Company profile:
Founded in 2021, TruAlt Bioenergy is an Indian 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.
