TruAlt Bioenergy’s initial public offering (IPO) is garnering strong interest among investors, particularly from anchor and retail investors. As of now, the IPO has been subscribed to approximately 72%, according to Chittorgarh.com.
The grey market premium (GMP) for TruAlt Bioenergy’s IPO remained steady on Friday, two days after a sharp rise. The GMP is currently at Rs 80, which suggests the stock may be listed at Rs 576 per share (the upper price band plus the GMP). This indicates a potential price change of 16.13% per share on listing day.
TruAlt Bioenergy IPO has been subscribed around 72% so far, which includes 100% subscription in the anchor investor category. The IPO has been booked around 67% in the retail investor category, 90% in the qualified institutional buyers (QIB ex-anchor), 61% in the non-institutional buyers, 43% in the bNII category, and 97% in the sNII category.
TruAlt Bioenergy’s IPO is a book-built offering with a total size of Rs 839.28 crore. The IPO opened for subscription on Thursday, September 25, and will close on Monday, September 29. It consists of a fresh issue of 1.51 crore shares worth Rs 750 crore, alongside an offer for sale of 0.18 crore shares, amounting to Rs 89.28 crore.
The IPO is expected to be listed on both the BSE and NSE on October 3. The price band for the issue is set between Rs 472 and Rs 496 per share. The lot size is 30 shares, meaning the minimum investment for retail investors is Rs 14,880. For sNII investors, the minimum investment is 14 lots, totaling Rs 2,08,320.
TruAlt Bioenergy Limited is one of India’s largest and most forward-looking biofuel producers, playing a pivotal role in the country’s transition toward clean and sustainable energy. Positioned as a diversified leader in the bioenergy sector, the company operates five distilleries based on sugarcane juice and molasses, with a combined ethanol production capacity of 2,000 KLPD, making it the largest ethanol producer in India.
TruAlt is also among the early adopters of Compressed Biogas (CBG) under the Government of India’s SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Through its subsidiary, Leafiniti Bioenergy Private Limited, the company operates CBG plants, which also generates solid and liquid fermented organic manure (FOM) as by-products supporting circular agriculture and waste-to-energy innovation.
With its integrated biofuels platform, strategic infrastructure and a commitment to rural value creation, TruAlt Bioenergy is shaping the next phase of India’s green energy landscape delivering scale, sustainability, and inclusive growth.
