New Delhi, September 22, 2025 — TruAlt Bioenergy Ltd, one of India’s fastest-growing ethanol and biofuels producers, is set to open its initial public offering (IPO) on September 25, 2025, with subscription closing on September 29, 2025. The shares are expected to be listed on both the BSE and NSE on October 3, 2025.
📊 Price Band & Issue Size
- Price band: ₹472 to ₹496 per share.
- Total issue size: Approx ₹839 crore. This comprises:
• A fresh issue of ~₹750 crore.
• An Offer for Sale (OFS) of ~₹89.3 crore by promoters.
🔍 Lot Size & Investor Reservation
- Minimum application: 30 shares; thereafter in multiples.
- Allocation of shares:
• ~50% for Qualified Institutional Buyers (QIBs)
• ~15% for non‐institutional investors (NIIs)
🏭 Use of Proceeds
- Approximately ₹150.7 crore will be used to set up multi‐feedstock operations at the 300 KLPD ethanol plant in Karnataka — this will allow the use of grains in addition to molasses/syrup as feedstock.
- A major chunk, about ₹425 crore, is earmarked for working capital.
- Remainder of funds will be used for general corporate purposes.
📈 Financials & Business Snapshot
- TruAlt Bioenergy has an installed ethanol production capacity of 2,000 KLPD.
- It operates five distillery units in Karnataka; four of them use molasses/syrup feedstock. The company is working on diversifying into dual‐feed operations, grain‐based ethanol, compressed biogas (CBG), and other biofuel/Biochemical verticals.
- In FY25:
• Revenue rose ~50‑–60% year‐on‐year to about ₹1,900‐1,970 crore.
• Profit after tax jumped to ~₹146.6 crore, up from ~₹31–32 crore in the previous year.
