TruAlt Bioenergy’s initial public offering (IPO) has received a strong response from investors, particularly anchor and retail investors. As of now, the IPO has been subscribed to around 72%, according to data from Chittorgarh.com.
The grey market premium (GMP) for TruAlt Bioenergy’s IPO remained stable on Friday, two days after a significant rise. Currently, the GMP stands at Rs 80, suggesting that the stock could be listed at Rs 576 per share (the upper price band plus the GMP). This points to a potential listing-day price increase of 16.13% per share.
As of now, the TruAlt Bioenergy IPO has been subscribed to about 72%, with 100% subscription from anchor investors. In other categories, retail investors have subscribed to 67%, qualified institutional buyers (QIBs excluding anchors) to 90%, non-institutional buyers to 61%, bNII investors to 43%, and sNII investors to 97%.
The IPO is a book-built offering, valued at Rs 839.28 crore. It opened for subscription on September 25 and will close on September 29. The offering includes a fresh issue of 1.51 crore shares, amounting to Rs 750 crore, alongside an offer for sale of 0.18 crore shares worth 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 offering has been set between Rs 472 and Rs 496 per share, with a lot size of 30 shares. Retail investors must invest a minimum of Rs 14,880, while sNII investors are required to invest in 14 lots, totaling Rs 2,08,320.
TruAlt Bioenergy is one of India’s largest biofuel producers and plays a key role in the country’s transition to clean, sustainable energy. With five distilleries based on sugarcane juice and molasses, the company boasts a combined ethanol production capacity of 2,000 KLPD, making it the largest ethanol producer in India.
The company is also an early adopter of Compressed Biogas (CBG) under the Government of India’s SATAT (Sustainable Alternative Towards Affordable Transportation) initiative. Through its subsidiary, Leafiniti Bioenergy, TruAlt operates CBG plants and generates solid and liquid fermented organic manure (FOM) as by-products, supporting circular agriculture and waste-to-energy innovations.
With its integrated biofuels platform and commitment to rural value creation, TruAlt Bioenergy is shaping the future of India’s green energy sector by delivering scale, sustainability, and inclusive growth.
