Trualt Bioenergy Limited – IPO
Trualt Bioenergy Limited – IPO Details
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | October 3, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 472 to ₹ 496 / Share |
| Lot Size | 30 Shares |
| Total Issue Size | 1,69,20,967 shares (Aggregating up to ₹839.28 Cr) |
| Fresh Issue | 1,51,20,967 shares (Aggregating up to ₹750.00 Cr) |
| Offer for Sale | 18,00,000 shares of ₹10 (Aggregating up to ₹89.28 Cr) |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,06,31,624 shares |
| Share holding post issue | 8,57,52,591 shares |
| Market Maker portion |
Trualt Bioenergy Limited Timeline (Tentative Schedule)
Trualt Bioenergy Limited IPO opens on September 25, 2025, and closes on September 29, 2025.
| IPO Open Date | September 25, 2025 |
| IPO Close Date | September 29, 2025 |
| Basis of Allotment | September 30, 2025 |
| Initiation of Refunds | October 1, 2025 |
| Credit of Shares to Demat | October 1, 2025 |
| Listing Date | October 3, 2025 |
| Cut-off time for UPI mandate confirmation | September 29, 2025 |
Trualt Bioenergy Limited IPO Lot Size
Investors can bid for a minimum of 30 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | Rs.14,880 |
| Retail (Max) | 13 | 390 | Rs.193,440 |
| S-HNI (Min) | 14 | 420 | Rs.208,320 |
| S-HNI (Max) | 67 | 2,010 | Rs.996,960 |
| B-HNI (Min) | 68 | 2,040 | Rs.1,011,840 |
| HNI (Min) |
Trualt Bioenergy Limited IPO Promoter Holding
| Share Holding Pre Issue | 88.20% |
| Share Holding Post Issue | 70.55% |
Trualt Bioenergy Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Trualt Bioenergy Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Trualt Bioenergy Limited
Trualt Bioenergy Limited, which is a 2021-incorporated company, deals with the manufacturing of biofuels, primarily in the ethanol industry. It is the largest Ethanol manufacturer in India with installed capacity of 2,000 kilo litres per day (KLPD). It has a 3.6% market share in ethanol production capacity in Fiscal 2025.
It's business activities of producing ethanol and manufacturing compressed biogas (CBG) range across. As of Mar 31, 2025, its associate company Leafinity has a single CBG production facility with a capacity of 10.20 TPD (Tonnes per day). In order to increase the capacity of CBG further, it has signed Memorandum of understandings (MoUs) with a Japanese Gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd.
As on the date of RHP, the Company has five distillery units in Karnataka, out of which four are molasses and syrup-based feedstock operations.
The Company also considered inducting other verticals like second-generation ethanol, sustainable aviation fuel, and Mevalonolactone ("MVL") and Allied Biochemicals.
Competitive Strengths
Largest Installed Capacity for Production of Ethanol in India
Integrated Resource Management, Creating Scalable Operations
Strategically Located Production Infrastructure, with a Focus on Technological Innovation and Sustainability
Well Positioned to Capture Beneficial Industry Tailwinds
Deeply Rooted Customer Relationships and Robust Demand Pipeline
Experienced and Competent Promoters and Management Team
Key Performance Indicator
The market capitalization of Trualt Bioenergy IPO is ₹4253.33 Cr.
| KPI | Values |
|---|---|
| ROE | 28.27% |
| ROCE | 10.88% |
| Debt/Equity | 2.02 |
| RoNW | 19.07% |
| P/BV | 4.56 |
| PAT Margin (%) | 7.69% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 20.76 | 17.10 |
| P/E (x) | 23.89 | 29.01 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2025, which is available in RHP.
Objects of the Issue (Trualt Bioenergy Limited IPO Objectives)
Trualt Bioenergy Limited Contact Details
Trualt Bioenergy Ltd. Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, 587313, Karnataka, India Bagalkot, Karnataka, 587313 Phone: 080 2325 5000 Email: [email protected] Website: https://www.trualtbioenergy.com/ |
Trualt Bioenergy Limited IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |