TruAlt Bioenergy IPO Opens Tomorrow: Key Details About The IPO

Bengaluru, September 24, 2025: The Initial Public Offering (IPO) of TruAlt Bioenergy Limited is set to open tomorrow, on September 25. Investors wanting to apply to the issue can do so by logging in to their net banking portal and using the ASBA facility. They can also apply through an UPI mandate.

TruAlt Bioenergy Limited is an Indian company operating in the renewable energy sector that focuses on the production of ethanol and other biofuels. The company was established in 2014 and has its headquarters in Bengaluru, Karnataka, India.

TruAlt Bioenergy IPO Issue Size of ₹839 Crore while Price Band at ₹472-₹496 Per Share

The issue size of the IPO is ₹839 crore, including a fresh issue of 1.51 crore shares amounting to ₹750.00 crores and offer for sale of 0.18 crore shares amounting to ₹89.28 crores. The company has set the price band at ₹472–₹496 per share. The lot size is 30 shares, equalling a minimum investment amount by a retail investor of ₹14,880 at the upper price band.

TruAlt Bioenergy IPO will open tomorrow and will remain open till September 29. The company is expected to finalise the share allocation on September 30. Credit of shares and refund initiation will happen on October 1. The shares are expected to list on NSE and BSE on October 3. DAM Capital and SBI Capital Markets are the book-running lead managers, while Bigshare Services Pvt Ltd is the registrar of the issue.

TruAlt Bioenergy IPO Revenue At ₹1,90,772 Lakh While PAT At ₹14,664 Lakh

The company’s revenue from operations increased from ₹76,238 lakh in FY23 to ₹1,22,340 lakh in FY24 and to ₹1,90,772 lakh in FY25. Total income rose from ₹76,238 lakh in FY23 to ₹1,28,018 lakh in FY24, reaching ₹1,96,852 lakh in FY25. Profit after tax grew from ₹3,546 lakh in FY23 to ₹3,181 lakh in FY24 and jumped to ₹14,664 lakh in FY25, marking a rise of more than 360% year-on-year in FY25.

Net worth increased from ₹24,049 lakh in FY23 to ₹26,461 lakh in FY24 and further to ₹76,900 lakh in FY25. Borrowings stood at ₹1,15,010 lakh in FY23, increased to ₹1,68,468 lakh in FY24, and slightly reduced to ₹1,54,968 lakh in FY25. The Earnings Per Share (EPS) also improved from ₹7.10 in FY23 to ₹4.25 in FY24 and then surged to ₹20.94 in FY25. Similarly, NAV per share rose from ₹52.48 in FY23 to ₹43.32 in FY24 and jumped to ₹110.22 in FY25.

TruAlt Bioenergy IPO Funding Ethanol Unit Main Fundraising Motive

The company will utilise ₹15,068 lakh from the IPO proceeds to fund a new multi-feed 300 KLPD ethanol unit. It will use ₹42,500 lakh for working capital requirements, and the remaining for general corporate purposes.

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