TruAlt Bioenergy IPO Sees Robust Oversubscription on Final Day

Bengaluru, September 29, 2025 – The ₹839 crore IPO of TruAlt Bioenergy Limited closed today with strong participation from investors. The IPO was oversubscribed 75.02 times, making it one of the most sought-after public offerings in recent months. The retail category saw oversubscription by 11.5 times, whereas the non-retail category witnessed triple-digit oversubscription figures, led by Qualified Institutional Buyers (QIBs).

TruAlt Bioenergy IPO Subscription Status (as of 05:30 PM, Sep 29, 2025)

Trualt Bioenergy’s IPO witnessed an overwhelming response, with overall subscription of 75.02 times by Day 3. The Qualified Institutional Buyers (QIB) category led the demand with a subscription of 165.16 times, bidding for over 55.89 crore shares against 3.38 crore offered, highlighting strong institutional interest.

Non-Institutional Investors (NII) subscribed 103.04 times, with bNII bids (₹10 lakh+) at 118.62 times and sNII bids at 71.87 times. Retail Investors subscribed 11.50 times, showing robust participation from small investors as well. Overall, 21.98 lakh applications were received, with bids for 88.85 crore shares worth ₹44,071 crore, reflecting extraordinary investor confidence in the issue.

TruAlt Bioenergy IPO Anchor Allocation

Before the IPO opening, the company had raised ₹251.79 crore from anchor investors. The company allotted 50,76,289 equity shares at ₹496 apiece. The most prominent anchor investors included Tata Mutual Fund, HDFC Trustee, Invesco India, Bandhan AMC, SBI General Insurance, Edelweiss, Société Générale, and Citigroup Global Markets Mauritius.

TruAlt Bioenergy IPO Lead Managers & Registrar

The book running and lead managers of the issue are DAM Capital Advisors Limited and SBI Capital Markets Limited. The registrar of the domain is Bigshare Services Pvt Ltd.

About TruAlt Bioenergy IPO

Founded in 2021 and based in Bengaluru, TruAlt Bioenergy Limited is among India’s largest biofuels producers. The company manufactures ethanol, extra-neutral alcohol (ENA), compressed biogas (CBG), and related products. Operating five distillery units in Karnataka and a subsidiary in the CBG segment, it is also expanding into grain-based ethanol and sustainable aviation fuel (SAF) as part of its diversification strategy.

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