TruAlt Bioenergy Makes Strong Debut, Lists at ₹545.40, 10% Above Issue Price

Bengaluru, October 3, 2025: TruAlt Bioenergy Limited made a strong debut on the stock market today, with its shares opening at ₹545.40 on the NSE, nearly 10% above the issue price of ₹496. During the morning session, the stock touched an intraday high of ₹549 and an intraday low of ₹534.

Established in 2021 in Bengaluru, TruAlt Bioenergy Limited is among India’s largest manufacturers of biofuels. Its product range includes ethanol, extra neutral alcohol (ENA), compressed biogas (CBG), as well as allied offerings. It has five distillery facilities located in Karnataka and has also forayed into the CBG sector through its subsidiary Leafiniti Bioenergy. In its expansion strategy, TruAlt is also venturing into grain-based ethanol as well as sustainable aviation fuel (SAF), solidifying its presence in India’s renewable energy sector.

TruAlt Bioenergy IPO Share Price Update

As of 3:09 PM IST on October 3, 2025, TruAlt Bioenergy Limited shares were trading at ₹530.30, up 6.90% for the day. The stock opened at ₹545.40, higher than its previous close of ₹496.00, and during intraday trading, it touched a high of ₹549.00 and a low of ₹512.80. A total of 1.42 crore shares changed hands, amounting to a traded value of ₹758.21 crore, with a volume-weighted average price (VWAP) of ₹536.36. The company’s market capitalization stood at ₹4,547 crore. The stock’s 52-week high and low were ₹549.00 and ₹496.00 per share, respectively.

TruAlt Bioenergy IPO Anchor Allocation

Prior to the IPO, TruAlt Bioenergy IPO  raised ₹251.79 crore on September 24, 2025, through anchor investors, issuing 50,76,289 equity shares at ₹496 each. Key participants in the anchor book included Tata Mutual Fund, HDFC Trustee, Invesco India, Bandhan AMC, SBI General Insurance, Edelweiss, Société Générale, and Citigroup Global Markets Mauritius.

TruAlt Bioenergy IPO Subscription Snapshot

The ₹839 crore issue witnessed strong interest among investors, as it was subscribed 71.92 times in total. Qualified Institutional Buyers (QIBs) formed the primary demand, bidding 159.22 times the allocated share. Next were the Non-Institutional Investors (NIIs) who bid 98.56 times. Even the retail sector saw healthy participation as the issue was subscribed to 11 times. The strong participation from institutional and high-net-worth investors was seen as a key driver of today’s premium listing.

REF: https://www.nseindia.com/get-quotes/equity?symbol=TRUALT

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