Trualt Bioenergy share price has listed at Rs 545.40 on the National Stock Exchange, a premium of 10% to the issue price. The stock makes a debut at Rs 550 on the BSE, 10.88% higher than the issue price.
The IPO opened for subscription on September 25 and closed on September 29. It has mopped up Rs 839.28 crore by going public. The issue was a combination of 1.51 crore fresh shares aggregating to Rs 750 crore and an offer for sale of 0.18 crore shares, summing to Rs 89.28 crore. The company had set the bidding price between Rs 472 – 496 per equity share. The allotment for the Trualt Bioenergy IPO shares was finalised on September 30.
Trualt Bioenergy IPO: Lot size
A retail buyer had to apply for at least one lot of 30 shares, which amounted to Rs 14,880. The lot size investment for a small NII was 14 lots of 420 shares, totalling Rs 2 lakh, and for a big NII, it was 68 lots of 2,040 shares, aggregating to Rs 10 lakh.
Trualt Bioenergy IPO: BRLM and registrar
Dam Capital Advisors was the book-running lead manager for the IPO, and Bigshare Services was the registrar of the issue.
About Trualt Bioenergy
Trualt Bioenergy is engaged in the production of biofuels, with a primary focus on the ethanol sector. It is one of the largest Ethanol producers in India, based on the installed capacity of 2,000 kilo litres per day (KLPD). In FY25, it has a 3.6% market share in ethanol production capacity.
The company’s business operations span across ethanol production and compressed biogas (CBG) production. As of March 2025, its subsidiary, Leafinity, operates one CBG production plant with a capacity of 10.20 TPD (Tonnes per day). To further expand its CBG capacity, it has entered into Memoranda of Understanding (MoUs) with a Japanese Gas company and Sumitomo Corporation Asia & Oceania.