Biofuels Maker Trualt Bionergy’s initial public offering Targeting ₹ 839.38 Crore Openes for the Public Today in the ₹ 472-496 price band. The IPO concludes on September 29 and the market lot is 30 shares. Trualt’s IPO is a combination of a fresh issue Worth ₹ 750 Crore and Offer-For-SALE (ofs) of ₹ 89.28 Crore by the Promoters.
While up to 50 per cent of the IPO is Reserved for Qualified Institute Buyers (QIBS), 35 per cent is reserved for retail investors, and the remain 15 per cent for non-signal investors.
Funds raised throwing
The Bengaluru-Based Company on Wednsday Raised ₹ 252 from Anchor Investors as Part of the IPO process; The investors inclined tata mutual fund (MF), HDFC MF, Bandhan MF, SBI General Insurance Company, Societe General, And Citigroup Global Markets Mauritius The Company has allotted 50.76 Lakh 50.76 Lakh 50.76 Lakh Equity shares to 19 funds at ₹ 496 per share, it added.
Trualt bionergy is amon the leading biofuels producers and is primarily engaged 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.
Dam Capital Advisors and SBI Capital Markets are the Book-Running Lead Manners of the Public Issue.
Brokers’ views:
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Published on September 25, 2025