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TRUALT IPO

TruAlt Bioenergy Limited

IPO Doc

Start Date25-09-2025

Application Timing10am-5pm

Price Range₹472 - ₹496

Min Qty30

Min. Investment₹14160

Listing Date03-10-2025

Close Date29-09-2025

About TruAlt Bioenergy Limited

Trualt Bioenergy Limited, incorporated in 2021, is one of the leading producers of biofuels in India, with a strong focus on ethanol production. The company holds the largest installed ethanol production capacity in India at 2,000 KLPD and commands a 3.6% market share in FY25.

Its operations extend to ethanol production and compressed biogas (CBG) generation, supported by its subsidiary Leafinity, which operates a 10.20 TPD CBG plant. The company has also signed MoUs with Sumitomo Corporation Asia & Oceania Pte. Ltd. and a Japanese Gas company to expand its CBG operations.

Currently, Trualt Bioenergy operates five distillery units in Karnataka, with four based on molasses and syrup feedstocks. It also plans to diversify into second-generation ethanol, sustainable aviation fuel, mevalonolactone (MVL), and allied biochemicals.

Why To Invest in TruAlt Bioenergy Limited

Largest ethanol producer in India with significant capacity and market share.

Strong financial growth with a 54% rise in revenue and 361% jump in PAT in FY25.

Strategic partnerships with global players to expand compressed biogas capacity.

Integrated and scalable operations across biofuels and allied verticals.

Favorable government policies supporting ethanol blending and green energy transition.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024
Assets	3,029.73	2,419.08
Total Income	1,968.53	1,280.19
Profit After Tax	146.64	31.81
EBITDA	309.14	188.09
NET Worth	769.00	264.61
Total Borrowing	1,549.68	1,684.68

Strengths And Risks

Largest Ethanol Producer in India: The company holds the largest installed ethanol production capacity in the country, with 2,000 KLPD, giving it a strong leadership position in the biofuel industry.

Integrated Business Model: Trualt Bioenergy operates across ethanol and compressed biogas (CBG) production, ensuring scalability and diversification in its revenue streams.

Strategically Located Units: Its production facilities are strategically located in Karnataka, providing operational efficiency, raw material availability, and cost advantages.

Strong Customer Base and Industry Demand: The company benefits from entrenched customer relationships and is well-positioned to leverage rising demand created by government mandates on ethanol blending.

Experienced Promoters and Management Team: Led by skilled promoters and professionals, the management team brings industry expertise and vision for growth across biofuels and allied sectors.

High Debt Levels: The company has a debt-to-equity ratio of 2.02 as of FY25, which may impact financial flexibility and future expansion plans.

Regulatory Dependency: Its business relies heavily on government policies related to ethanol blending and renewable energy, making it vulnerable to regulatory changes.

Commodity Price Volatility: The cost of raw materials like molasses and grains is volatile, which can affect production margins and profitability.

Concentration Risk: Most of the production units are located in Karnataka, creating geographical concentration risk in case of operational or regional challenges.

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Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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TRUALT IPO

About TruAlt Bioenergy Limited

Why To Invest in TruAlt Bioenergy Limited