Trualt Bioenergy IPO
Trualt Bioenergy Limited
Minimum investment
Trualt Bioenergy IPO Details
Bidding date
25 Sep - 29 Sep 2025
Price range
₹472 - ₹496
Minimum quantity
30
Minimum investment
₹14,160
Issue size
₹839.28 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Trualt Bioenergy IPO Dates & Timeline
Trualt Bioenergy IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 128.44x |
Retail Individual Investor | 7.79x |
Non-Institutional Investor | 70.86x |
Others | - |
Total | 7.79x |
About Trualt Bioenergy IPO: Company Overview
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.
Strengths & Risks of Trualt Bioenergy IPO
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.
Trualt Bioenergy Financials: Revenue, Profit & EBITDA
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How to Apply for Trualt Bioenergy IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Trualt Bioenergy IPO
