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Trualt Bioenergy IPO

Trualt Bioenergy IPO — date, price band, GMP & allotment 2025

Trualt Bioenergy is set to launch its IPO, offering investors a chance to invest in India’s growing renewable energy sector. The company focuses on producing clean and sustainable energy solutions, including biofuels and biomass-based power. With increasing demand for green energy, this IPO could attract attention from retail and institutional investors alike. Key details like the price band, lot size, and issue dates will determine investor participation.

Stock price

Trualt Bioenergy is listed — here is the live share price.

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The verdict
Strong Apply
95 / 100 · 9 reviews
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Grey market premium
₹0
Unofficial market indicator
GMP history →
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Overall, across all categories
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Minimum to apply
₹14,880
1 lot · 30 shares at ₹496
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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 13 September.

Key dates Listed
  1. Open 25 Sep 2025
  2. Close 29 Sep 2025
  3. Allotment 30 Sep 2025
  4. Refund/credit 01 Oct 2025
  5. Listing 03 Oct 2025

Issue summary

The terms of the offer, as filed.

IPO Dates 25 to 29 Sep, 2025
Price Band ₹472 – ₹496
Face Value ₹10
Lot Size 30 Shares
Issue Size ₹839 Cr
Sale Type Fresh capital cum OFS
Listing On BSE & NSE
Registrar Bigshare Services Private Limited
Min Investment ₹ 14,880
Reservation
QIB 50%
NII 15%
Retail 35%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 30 shares at the ₹496 cut-off. Drag to size your application.

shares
1 lot lots
Application Lots Shares Amount
Retail (min) 1 30 ₹14,880
Retail (max) 13 390 ₹1,93,440
S-HNI (min) 14 420 ₹2,08,320
S-HNI (max) 67 2,010 ₹9,96,960
B-HNI (min) 68 2,040 ₹10,11,840

The numbers

All figures in ₹ crore, as reported in the Trualt Bioenergy offer document.

Total income
1,968.53
1,280
1,969
31 Mar 202431 Mar 2025
Profit after tax
146.64
32
147
31 Mar 202431 Mar 2025
EBITDA
309.14
188
309
31 Mar 202431 Mar 2025
Metric 31 Mar 2025 31 Mar 2024
Revenue 1,968.53 1,280.19
EBITDA 309.14 188.09
Net Profit 146.64 31.81
Debt 1,549.68 1,684.68
Assets 3,029.73 2,419.08

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Trualt Bioenergy RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
23.89
EPS (₹)
20.76
RoCE
10.80
RoNW
19.07
PAT Margin
7.69

Trualt Bioenergy IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹20.76
P/E Ratio (x) 23.89
Market Cap at Offer Price (₹ Cr) ₹3,503.54

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹496 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹761.46 Cr of the issue is earmarked to named objects.

Funding capital expenditure towards setting up multi-feed stock operations to pave-way for utilizing grains as an additional raw material in ethanol plant at TBL Unit 4 of 300 KLPD capacity. ₹150.68 Cr
Funding the working capital requirements. ₹425.00 Cr
General Corporate Purposes ₹81.36 Cr
Issue Expenses ₹104.42 Cr

About the company

Trualt Bioenergy is an emerging player in India’s renewable energy sector, focused on producing sustainable biofuels and clean energy solutions. The company was established with the aim of contributing to India’s transition towards greener energy sources by utilising agricultural residues and organic waste. Over time, it has built capabilities in setting up and operating bioenergy plants, particularly in compressed biogas (CBG) and related segments. Backed by promoters with experience in energy, infrastructure, and project execution, the company has gradually strengthened its presence in select regions.

The company’s core business model revolves around converting waste materials into valuable energy products such as biogas, bio-CNG, and organic fertilisers. It generates revenue through the sale of these products to oil marketing companies, industrial users, and agricultural markets. Trualt Bioenergy also benefits from government support and policies promoting clean energy and waste-to-energy initiatives. By integrating supply chains for raw material sourcing and focusing on efficient plant operations, the company aims to build a scalable and environmentally sustainable business.

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Sushmitha Vijaykumar Nirani, Vijaykumar Murugesh Nirani, Vishal Nirani
Promoter holding
7,06,31,624 8,57,52,591
Pre-issue → post-issue
Registered office
Trualt Bioenergy Ltd. Address Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, 587313, Karnataka, India Bagalkot, Karnataka, 587313
080 2325 5000

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
SBI Capital Markets Ltd. View track record →
Book-running lead manager
Dam Capital Advisors Ltd View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Draft RHP
SEBI filing
The draft filed ahead of approval, useful for comparing what changed.
Open the DRHP

Trualt Bioenergy IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

SBI Capital Markets Ltd.

13 issues handled
Listed in Profit 76.9% 10 of 13 listed
Avg Listing Gain +11.7% across 13 issues
Listed Below Issue 3 of 13 listed

Best listing: Indo-MIM (+44.3%). Weakest: Central Mine Planning & Design Institute (-7.0%).

Dam Capital Advisors Ltd

8 issues handled
Listed in Profit 75% 3 of 4 listed
Avg Listing Gain +26.7% across 4 issues
Listed Below Issue 1 of 4 listed

Best listing: ESDS Software Solution (+76.5%). Weakest: Park Medi World (-2.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Trualt Bioenergy
Email

Frequently asked

What is the GMP of Trualt Bioenergy?

The current Grey Market Premium is ₹0.

What is the Trualt Bioenergy IPO price band?

₹472 to ₹496, on a face value of ₹10.

When is the allotment?

The basis of allotment is 30 September 2025, with listing on 3 October 2025.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.

Trualt Bioenergy IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

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Min bid
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