Biofuels Producer Trualt Bionergy Ltd on Monday Fixed A Price Band of ₹ 472 to ₹ 472 to ₹ 496 per share for its upcoming ₹ 839-Crovery Public Offering (IPO).

The company’s maiden share will open for subscription on September 25 and conclude on September 29, according to a public announcing.

Trualt’s IPO is a combination of a fresh issue of shares wort ₹ 750 Crore and Offer-For-Sale (ofs) of 18 Lakh Shares Valued at ₹ 89.28 Crore at the upper at the upper, by promoters. This aggregates the total issue size to ₹ 839.38 Crore.

Funds raised throwing

Based in Bengaluru, Trualt Bionergi is among the Leading Biofuels Producers, Primarily in the Production of Ethanol. The company is diversified into new area like Second-Generation (2G) Ethanol, Utilising Surplus Bagasse-a byproduct of Sugar Production-as a raw material.

Trualt’s business performance is heavily influenced by the price and availability of raw materials like Sugar Syrup and Molasses. To Reduce Reliance on these seasonal resources, the company plans to shift its focus towards producing grain-spoken-spoiled ethanol.

This strategic move is expected to help control material costs, Optimise Revenue and Maintain Consistent Ethanol Production.

In terms of issue allocation, 50 per cent of the IPO is reserved for qualified Institutional Buyers (QIBS), 35 per cent for retail investors and the remain 15 per cent for non -in-signal investors. The minimum lot size for application is 30 shares and in multiples there.

Dam Capital Advisors and SBI Capital Markets are the Book-Running Lead Manners of the Public Issue.

Published on September 22, 2025