TruAlt Bioenergy IPO Witnesses Steady Bidding by QIBs and Retail Investors

Bengaluru, September 26, 2025: TruAlt Bioenergy Limited’s ₹839 crore IPO is witnessing steady demand on its second day of bidding, on September 26. As of 4:00 PM, the issue was subscribed by a total of 0.80 times, receiving bids for 94,39,350, against 1,18,44,679 shares on offer.

TruAlt Bioenergy Limited is an Indian company that is engaged in the production of biofuels such as ethanol. The company was established in 2014 and is headquartered in Bengaluru, Karnataka.

TruAlt Bioenergy IPO Subscription Led By QIBs

As of 4:00 PM, QIBs have subscribed to the issue with the highest factor of 0.90 times, bidding for 30,37,350 shares, against 33,84,195 shares on offer. QIBs are followed by retail investors at 0.77 times, bidding for 45,48,210 shares, against 59,22,339 shares on offer. Lastly, NIIs have subscribed the issue the lowest for now at 0.73 times, bidding for 18,53,790 shares, against 25,38,145 shares on offer.

TruAlt Bioenergy IPO Raised ₹251.79 Crore From Anchor Investors

Ahead of the IPO, the company raised ₹251.79 crore from anchor investors by allocating 50,76,289 shares at ₹496 per share. Key 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 Book Build Issue of ₹839.28 Crore

TruAlt Bioenergy IPO has an issue size of ₹839.28, including a fresh issue of 1.51 crore shares amounting to ₹750.00 crores and an offer for sale of 0.18 crore shares amounting to ₹89.28 crores. The company has set a price band of ₹472-496 per share. The lot size is 30 shares, equalling to a minimum investment amount of ₹14,880 by a retail investor at the upper price band. The IPO opened on September 25 and will close on September 29, with the shares expected to list on NSE and BSE on October 3, 2025.

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