Shares of TruAlt Bioenergy Ltd, a biofuels producer, closed with a 7% premium over its issue price of Rs 496 on Friday. The stock made its debut on the Bombay Stock Exchange (BSE) at Rs 550, reflecting a 10.88% jump from the issue price, and later settled at Rs 530.85, a 7.02% increase. On the National Stock Exchange (NSE), it opened at Rs 545.40, up 9.95% from the issue price, and finished the day at Rs 530.95, marking a 7.04% gain.
The company’s market capitalization reached Rs 4,552.18 crore. In terms of trading volume, 14.37 lakh shares changed hands on the BSE, while 151.18 lakh shares were traded on the NSE.
TruAlt’s initial public offering (IPO) was highly successful, with the issue receiving a subscription rate of 71.92 times on the final day of the offering. The IPO, which raised Rs 839.28 crore, had a price range of Rs 472-496 per share. The offering comprised a fresh issuance of shares worth Rs 750 crore and an offer-for-sale (OFS) of 18 lakh shares, valued at Rs 89.28 crore at the upper price band, by the company’s promoters.
The funds raised from the fresh issuance will be used for setting up multi-feedstock operations, debt repayment, and general corporate purposes.
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.
