Incorporated in 2021, TruAlt Bioenergy is among India’s largest ethanol producers with 2,000 KLPD installed capacity and ~3.6% FY2025 market share, operating five distilleries in Karnataka and a CBG plant via subsidiary Leafinity. The company plans diversification into 2G ethanol, SAF and specialized biochemicals, supported by MoUs with a Japanese gas company and Sumitomo for CBG expansion.
TruAlt Bioenergy IPO
Mainboard book‑built issue (Fresh + OFS)
UPCOMING IPOTruAlt Bioenergy is raising ₹839.28 crore via a fresh issue of about ₹750 crore and an OFS of about ₹89.28 crore, totaling 1,69,20,967 equity shares. The offer opens on September 25, 2025 and closes on September 29, 2025, with allotment expected on September 30 and listing proposed on BSE and NSE on October 3, 2025. The price band is ₹472 to ₹496 per share; the minimum retail application is 1 lot of 30 shares for ₹14,880.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹472 to ₹496 per share |
| Offer Structure | Fresh + Offer for Sale |
| Total Shares | 1,69,20,967 shares (aggregating up to ₹839.28 crore) |
| Fresh Issue | 1,51,20,967 shares (aggregating up to ₹750.00 crore) |
| Offer for Sale | 18,00,000 shares (aggregating up to ₹89.28 crore) |
| Issue Type | Book‑building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 7,06,31,624 / 8,57,52,591 shares |
| Lead Manager | Dam Capital Advisors Ltd.; SBI Capital Markets Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,880 |
| Retail (Max) | 13 | 390 | ₹1,93,440 |
| S‑HNI (Min) | 14 | 420 | ₹2,08,320 |
| S‑HNI (Max) | 67 | 2,010 | ₹9,96,960 |
| B‑HNI (Min) | 68 | 2,040 | ₹10,11,840 |
Incorporated in 2021, TruAlt Bioenergy is among India’s largest ethanol producers with 2,000 KLPD installed capacity and ~3.6% FY2025 market share, operating five distilleries in Karnataka and a CBG plant via subsidiary Leafinity. The company plans diversification into 2G ethanol, SAF and specialized biochemicals, supported by MoUs with a Japanese gas company and Sumitomo for CBG expansion.
FY2025 Snapshot (₹ crore)
| Assets | Total Income | PAT | EBITDA | Net Worth | Total Borrowings |
|---|---|---|---|---|---|
| 3,029.73 | 1,968.53 | 146.64 | 309.14 | 769.00 | 1,549.68 |
Source: NDTV Profit brief and Finology/IPO trackers; dates, band, lot size, issue mix, listing timeline and capacity/market share referenced to public announcements.