IPO Details
Bidding Dates
25 Sept 25 - 29 Sept 25
Price Range ₹
472 - 496
Total Equity
₹ 0.00Cr
Lot Size
30
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
11.00×
Qualified Institutional Buyers
159.22×
Employees
0.00×
Retail Investors
11.00×
Total subscription Rate
71.92×
IPO Timeline
Offer start
25 Sept 2025
Offer end
29 Sept 2025
Allotment
30 Sept 2025
Refund initiation
01 Oct 2025
Demat transfer
01 Oct 2025
Listing
03 Oct 2025
Offer start
25 Sept 2025
Offer end
29 Sept 2025
Allotment
30 Sept 2025
Refund initiation
01 Oct 2025
Demat transfer
01 Oct 2025
Listing
03 Oct 2025
About Company
TruAlt Bioenergy Limited, incorporated in 2021, is one of India’s largest ethanol producers with an installed capacity of 2,000 kilo litres per day (KLPD), holding a 3.6% market share in ethanol production capacity as of Fiscal 2025. The company operates five distillery units in Karnataka, primarily utilizing molasses and syrup-based feedstocks. Its business spans ethanol production and compressed biogas (CBG) through its subsidiary Leafinity, which operates a 10.20 tonnes per day CBG plant. TruAlt has strategic partnerships to expand CBG capacity and plans to explore new verticals like second-generation ethanol, sustainable aviation fuel, and allied biochemicals. The company has posted strong financial growth with a 54% increase in revenue to ₹1,968.53 crore and a 361% jump in profit after tax to ₹146.64 crore as of March 31, 2025. Key performance ratios include an ROE of 28.27%, ROCE of 10.88%, and EBITDA margin of 16.20%, with a debt-equity ratio of 2.02. The company aims to use its IPO proceeds primarily to fund capital expenditure for multi-feedstock ethanol production and working capital requirements.
Year Founded
31-03-2021
Promotor Details
Yagati Badarinarayana Ramakrishna
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 88.2 | 0 |
| Share Capital | 62298650 | 0 |
Project Details
- Funding capital expenditure towards setting- up multi-feed stock operations to pave- way for utilizi - 1726.8cr
- Funding our working capital requirements - 4250cr
Objectives
- Funding capital expenditure towards setting up multi-feed stock operations to pave- way for utilizing grains as an additional raw material in ethanol plants at TBL Unit 4 of 300 KLPD capacity
- Funding our working capital requirements
- andGeneral corporate purposes.
Highlights
- Largest installed ethanol production capacity in India with significant market share
- Diversified biofuel portfolio including ethanol and compressed biogas.
- Strong financial growth with robust profitability improvement.
- Strategic expansion plans into emerging biofuel verticals and partnerships.
- Experienced management team and aligned with government sustainability initiatives.
Challenges
- Moderate debt-equity ratio indicating leveraged capital structure.
- Operations largely concentrated in Karnataka, limiting geographic diversification.
- Exposure to regulatory changes in biofuel policies and subsidies.
- Emerging ventures like 2G ethanol and sustainable aviation fuel carry execution risks
- Fluctuations in feedstock availability and prices can impact margins.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2025 | 3,02,973.10 | 7,063.16 | 3,180.84 | 3,180.84 | 4.2478 |
| 2024 | 2,41,832.48 | 20,797.96 | 3,180.84 | 3,180.84 | 4.2478 |
