Trualt Bioenergy IPO opens for subscription on September 25 and closes on September 29. The company will be raising Rs 839.28 crore by going public. The issue is 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 has set the bidding price between Rs 472 and Rs 496 per equity share.
Trualt Bioenergy IPO: GMP
The share price of Trualt Bioenergy has been rising over the last three days. The stock is fetching a premium of almost 16% in the grey market. It is changing hands at Rs 574. On September 22, the stock was trading at a price of Rs 550 in the grey market, a premium of 11% to the issue price.
Trualt Bioenergy IPO: Allotment and listing
The allotment for the Trualt Bioenergy IPO shares is expected to be finalised on September 30, while the listing of the IPO on the exchanges, BSE and NSE, is likely to be on October 03, as per a tentative schedule.
Trualt Bioenergy IPO: Lot size
A retail buyer needs to apply for at least one lot of 30 shares, which amounts to Rs 14,880. The lot size investment for a small NII is 14 lots of 420 shares, totalling Rs 2 lakh, and for a big NII, it is 68 lots of 2,040 shares, aggregating to Rs 10 lakh.
Trualt Bioenergy IPO: BRLM and registrar
Dam Capital Advisors is the book-running lead manager for the IPO, and Bigshare Services is 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 Pte. Ltd.