Trualt Bioenergy Ltd IPO Details

Introduction

Trualt Bioenergy Ltd, a leader in India’s biofuel and ethanol sector, is launching its ₹839 crore IPO from September 25–29, 2025. Based in Bagalkot, Karnataka, Trualt operates some of the nation’s largest ethanol and compressed biogas facilities, powering core segments in transport, aviation, and allied industries. For investors seeking exposure to clean energy, scale, and national policy tailwinds, Trualt’s upcoming listing is a window into India’s future fuel ecosystem.

IPO Highlights

• Issue Size: ₹839.28 crore (₹750 crore fresh issue + ₹89.28 crore OFS)
• Price Band: ₹472–₹496 per share
• Lot Size: 30 shares (₹14,880 minimum investment)
• Subscription Dates: September 25–29, 2025
• Listing Date: October 03, 2025 (BSE, NSE)
• Promoters: Vijaykumar M. Nirani, Vishal Nirani, Sushmitha V. Nirani
• Registrar: Bigshare Services Pvt Ltd

Company Financials

TruAlt Bioenergy Ltd.'s revenue increased by 54% and profit after tax (PAT) rose by 361% between the financial year ending with March 31, 2025 and March 31, 2024.

Objects of the Issue 

The Company TruAlt Bioenergy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

 

Business Scope & Growth

• Ethanol Production: Largest installed capacity in India (2,000 KLPD, 3.6% market share), operating five distilleries in Karnataka and expanding rapidly with proposed dual-feed ethanol and 2G ethanol technologies.
•  Compressed Biogas (CBG): Through subsidiary Leafiniti, the company runs one of India’s first CBG units under the SATAT initiative, with aggressive plans for expansion via strategic partnerships.
• Sustainable Aviation Fuel (SAF): In collaboration with Sumitomo, Praj Industries, and others, Trualt is preparing to move into SAF and allied biochemicals—next-gen growth verticals for green transport.
• Financials (FY25):
  • Revenue: ₹1,968 crore
  • Profit After Tax: ₹146.64 crore
  • Net Worth: ₹769 crore
  • EBITDA: ₹309 crore
  • Borrowings: ₹1,549 crore
  • Robust expansion in asset base, revenues, profits, and operational scale.

Strengths

• Industry leader in ethanol and CBG capacity.
• Deep government linkage via the Ethanol Blending Program, SATAT, and national renewable fuel mandates.
• Technology partnerships for second-generation fuels, biochemicals, and green retail ventures.
• Strong growth in operational scale, asset base, and profitability.

Risks

• Heavy capital utilization and leverage for rapid expansion.
• Dependent on government blending mandates, global commodity prices, and evolving biogas technology.
• Regulatory changes and delays in new project execution may affect margins.
• New verticals (SAF, MVL, biofuel retail) pose market and technological risks.

How To Apply for the Online?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

Final Thought :-

As India accelerates its clean energy transition, Trualt Bioenergy’s IPO offers investors exposure to technology-driven, scalable, and policy-aligned solutions for the future of fuel.

FAQs

Q.1: What are the Trualt Bioenergy IPO dates?
September 25 to September 29, 2025 for subscription; October 03, 2025 for listing.

 Q2: What’s the minimum investment?
1 lot of 30 shares, ₹14,880 at the upper price band.

Q3: What does Trualt Bioenergy do?
Produces ethanol, compressed biogas, and proposes expansion into sustainable aviation fuels, biochemicals, and clean energy retail.

Q4: How are IPO proceeds used?
Capital expenditure for expanding manufacturing, working capital, and general corporate expenses.

Q5: What fuels Trualt’s growth?
Government push for blending ethanol with petrol, scaling biogas, and new product launches drive growth.

Q6: Where can I track IPO allotment?
Status will be available on Bigshare Services Pvt Ltd’s portal and major broker platforms soon after allot