TruAlt Bioenergy IPO Opened Today: Anchor Investors Infuse ₹251.79 Crore

Bengaluru, September 25, 2025: TruAlt Bioenergy Limited’s ₹839-crore public issue opened for retail investors today. A day earlier, on September 24, the company had raised ₹251.79 crore from anchor investors through the allotment of 50,76,289 equity shares at ₹496 per share.

TruAlt Bioenergy Ltd IPO was established in the year 2021 and is headquartered in Bengaluru. It is one of India’s largest biofuel manufacturers. The company makes ethanol, other neutral alcohol (ENA), compressed biogas (CBG), and other related products. Also, it is active in the area of CBG through its subsidiary Leafiniti Bioenergy. The company has five distilleries in Karnataka and is diversifying into grain-based ethanol and sustainable aviation fuel (SAF) to diversify its footprint in the clean energy sector.

TruAlt Bioenergy IPO Anchor Allocation Details

In the anchor allotment, domestic mutual funds took the largest share at 51.63% across seven schemes. Tata Mutual Fund – Aggressive Hybrid emerged as a frontrunner, securing 5,64,510 shares worth ₹27.99 crore, which accounted for 11.12% of the anchor portion. HDFC Trustee Co. – Balanced Advantage Plan, Invesco India Smallcap Fund, Bandhan Small Cap Fund, and SBI General Insurance each received 5,04,030 shares, amounting to ₹24.99 crore or 9.93% of the anchor allotment. Edelweiss Mutual Fund schemes were allotted 2,01,630 shares worth ₹10 crore (3.97%), while Rajasthan Global Securities secured 4,03,200 shares worth ₹19.98 crore (7.94%).

Among foreign institutional investors, Société Générale  ODI was allotted 2,01,630 shares worth ₹10 crore (3.97%), and Citigroup Global Markets Mauritius received 1,18,740 shares worth ₹5.89 crore (2.34%). Other participants in the anchor book included Founders Collective, Tata Investment Corp, Saint Capital, and Ashika Global, who acquired the remaining shares, completing the anchor allocation.

TruAlt Bioenergy IPO Key Details

TruAlt Bioenergy IPO has an issue size of ₹839 crore, with a price band of ₹472–₹496 per share. The subscription period is scheduled from 25 to 29 September 2025, and the shares are expected to list on 3 October 2025. Investors can apply in lots of 30 shares, which would cost ₹14,880 at the upper price band

TruAlt Bioenergy IPO Lead Managers and Registrar

• Lead Book Running Managers: DAM Capital Advisors Limited, SBI Capital Markets Limited
• Registrar for the Issue: Bigshare Services Pvt Ltd

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