31 Mar 2024
Assets2,419.08
Total Income1,280.19
EBITDA188.09
Profit After Tax31.81
NET Worth264.61
Total Borrowing1,684.68
At a glance
Updated 2026-09-10TruAlt Bioenergy was incorporated in 2021 and operates in the Other Agricultural ProductsIncorporated2021Trualt Bioenergy Limited, segment. The shares listed at ₹547.10, a 10.30% move from the issue price. TruAlt Bioenergy is a Mainboard IPO with an issue size of ₹839.28 crore, proposed for listing on BSE, NSE. The offer opens on 25th Sep 2025 and closes on 29th Sep 2025. The issue structure includes a fresh issue of ₹750.00 crore and an offer-for-sale component of ₹89.28 crore. The current listing schedule points to 3rd Oct 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹839.28 Cr
Fresh issue₹750.00 Cr
Offer for sale₹89.28 Cr
Face value₹10
Price band₹472.00–₹496.00
Allotment30th Sep 2025
Listing3rd Oct 2025
Listing performance
Full performance ↗Issue price₹496.00
Listing price₹547.10
Current price—
Listing gain10.30%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹85.00
GMP / upper price17.14%
Est. listing₹581.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens25th Sep 2025
Closes29th Sep 2025
Allotment30th Sep 2025
Refund1st Oct 2025
Demat1st Oct 2025
Listing3rd Oct 2025
Subscription demand
Full bidding ↗Total75.02×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 30 | ₹14,880 |
Company
SectorOther Agricultural ProductsIncorporated2021Trualt Bioenergy Limited,
Incorporated2021
Use of proceeds
| Object | Amount |
|---|---|
| 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 |
| Total | ₹761.45 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue1,968.53₹ Cr · +53.8% vs prior year
EBITDA309.14₹ Cr · +64.4% vs prior year
PAT146.64₹ Cr · +361.0% vs prior year
Assets3,029.73₹ Cr · +25.2% vs prior year
Net Worth769.00₹ Cr · +190.6% vs prior year
Borrowing1,549.68₹ Cr · -8.0% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2025
Assets3,029.73
Total Income1,968.53
EBITDA309.14
Profit After Tax146.64
NET Worth769.00
Total Borrowing1,549.68
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 28.27% |
| ROCE | 10.88% |
| Debt / Equity | 2.02% |
| RoNW | 19.07% |
| PAT Margin | 7.69% |
| EBITDA Margin | 16.20% |
| Price to Book Value | 4.56 |
Valuation & shareholding
Pre-IPO EPS20.76
Post-IPO EPS17.10
Pre-IPO P/E23.89
Post-IPO P/E29.01
Promoter holding pre88.2%
Promoter holding post70.55%
Market cap₹4253.33 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Trualt Bioenergy IPO | — | 29.01 x | — | — |
| Ellenbarrie Industrial IPO | — | 67.69 x | — | — |
| Aegis Vopak IPO | — | 259.32 x | — | — |
| IRM Energy IPO | — | 23.54 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| 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 |
| Total | ₹761.45 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- SBI Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-10.
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