TruAlt Bioenergy’s INR 839 Crore IPO to Open for Subscription on September 25
Ethanol producer TruAlt Bioenergy will open its INR 839.28 crore IPO for subscription on September 25, 2025. It includes a fresh issue of INR 750 crore and an OFS of INR 89.28 crore.
September 24, 2025. By Mrinmoy Dey
The company has set a price band of INR 472-496 per share, and the issue will be open till September 29, 2025.
The issue comprises a fresh issue of INR 750 crore and an offer for sale of 18 lakh shares by promoters Dhraksayani Sangamesh Nirani and Sangamesh Rudrappa Nirani. Anchor bidding will open on September 24.
The minimum application size is 30 shares, with 50 percent of the net offer reserved for QIBs, 35 percent for retail investors, and 15 percent for NIIs. The stocks are expected to be listed BSE and NSE on October 3, 2025.
DAM Capital Advisors and SBI Capital Markets are the book-running lead managers, while Bigshare Services is the registrar for the IPO.
Proceeds from the fresh issue will be used to establish multi-feed stock operations enabling the use of grains as additional raw material at its 300 KLPD TBL Unit 4 ethanol plant, alongside meeting working capital requirements and general corporate purposes.
TruAlt Bioenergy operates five distilleries in Karnataka and commands a 3.6 percent market share in ethanol production capacity in FY25. Beyond ethanol and compressed biogas, it is also exploring 2G ethanol, sustainable aviation fuel, and advanced biochemicals like mevalonolactone.
The company reported a profit of INR 146.63 crore on revenues of INR 1,907 crore in FY25, a sharp jump from INR 31.80 crore profit on INR 1,280 crore revenue in FY24.
please contact: contact@energetica-india.net.
Jameson Mendonca
Power Generation Business Leader
Cummins India’s Jameson Mendonca on Innovations in Gensets, Green Fuel, and Emission Compliance
Shilpy Dewan
VP – Markets, Operations & Digital
Digital Innovation and Storage will Drive India’s Green Future: Serentica’s Shilpy Dewan
Er. Neha Sakka
Electrical Engineer
She Matters: Women Remain Severely Underrepresented in EV and Green Workforces
Satish Talmale
CEO
India is Well-placed to Become a Global Leader in Energy Storage: EnerGrid CEO Satish Talmale
Anand Sri Ganesh, CEO, NSRCEL
Sapna Bhawnani
Alstom and NSRCEL on Empowering the Green Mobility Disruptors