Trualt Bioenergy IPO Day 1: Check Subscription Status, GMP & Key Highlights
Trualt Bioenergy has opened its Initial Public Offering (IPO) today, on September 25, 2025. The bidding window for Trualt Bioenergy IPO will be open till September 29, 2025. The allotment process for the IPO is expected to be finalised on September 30, 2025, and the company’s shares will be listed on both NSE and BSE. The tentative listing date for Trualt Bioenergy's IPO is set for October 3, 2025.
Trualt Bioenergy IPO Day 1 Subscription Status
[September 25, 2025, 10:36 AM]
On Day 1, the Trualt Bioenergy IPO saw a subscription of 0.04 times, according to NSE data. The IPO was subscribed 0.05 times in the Retail Individual Investors (RII) category, 0.05 times in the Non-Institutional Investors (NII) category and 0 times in the Qualified Institutional Buyers (QIBs) category.
Trualt Bioenergy - IPO Details
Trualt Bioenergy IPO will be a bookbuilding of ₹839.28 crores. The issue comprises a fresh issue of 1.51 crore shares, aggregating to ₹750.00 crores, and an offer for sale (OFS) of 0.18 crore shares, aggregating to ₹89.28 crores. The issue price band is set at ₹472 to ₹496 per share. The minimum lot size for an application is 30 and the minimum amount required for a retail investor is ₹14,160 (30 shares).
DAM Capital Advisors Limited and SBI Capital Markets Limited are the book-running lead managers, and Bigshare Services Private Limited is the registrar for the IPO.
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Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Funding capital expenditure towards setting up multi-feed stock operations to pave the way for utilising grains as an additional raw material in ethanol plants at TBL Unit 4 of 300 KLPD capacity.
- Funding the working capital requirements.
- General corporate purposes.
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Trualt Bioenergy - GMP Details
According to Business Standard, the Grey Market Potential (GMP) of Trualt Bioenergy stood at ₹80 as of September 25, 2025, 08:54 am. The estimated listing price is expected to be ₹576 based on the upper price band of ₹496. The expected percentage gain per share is 16.13%.
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Source: Business Standard Media Report dated September 25, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About Trualt Bioenergy
TruAlt Bioenergy Ltd is one of India’s prominent biofuels/ethanol producers, headquartered in Bengaluru. It operates five distilleries in Karnataka with an installed ethanol production capacity of 2,000 kilolitres per day. The company is also active in compressed biogas (CBG) production through its subsidiary.
In FY25, TruAlt generated revenue of about ₹1,907.7 crore, up by 56% from FY24, with profit after tax (PAT) jumping to ₹146.6 crore from ₹31.8 crore in the same period.
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