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Biofuels producer TruAlt Bioenergy Ltd on Monday (September 22, 2025) fastened a worth band of ₹472 to ₹496 per share for its upcoming ₹839-crore preliminary public providing (IPO).
The firm’s maiden share sale will open for subscription on September 25 and conclude on September 29, in accordance to a public announcement.
TruAlt’s IPO is a mix of a recent difficulty of shares price ₹750 crore and offer-for-sale (OFS) of 18 lakh shares valued at ₹89.28 crore on the higher finish, by promoters. This aggregates the overall difficulty measurement to ₹839.38 crore.
Funds raised by means of the recent issuance will probably be earmarked for organising multi-feed inventory operations, fee of debt and basic company functions.
Based in Bengaluru, TruAlt Bioenergy is among the many main biofuels producers, primarily within the manufacturing of ethanol. The firm is diversifying into new areas like second-generation (2G) ethanol, utilising surplus bagasse— a byproduct of sugar manufacturing— as a uncooked materials.
TruAlt’s enterprise efficiency is closely influenced by the value and availability of uncooked supplies like sugar syrup and molasses. To cut back reliance on these seasonal assets, the corporate plans to shift its focus in the direction of producing grain-based ethanol.
This strategic transfer is predicted to assist management materials prices, optimise income, and preserve constant ethanol manufacturing.
In phrases of difficulty allocation, 50% of the IPO is reserved for certified institutional consumers (QIBs), 35% for retail buyers, and the remaining 15% for non-institutional buyers. The minimal lot measurement for software is 30 shares and in multiples thereafter.
DAM Capital Advisors and SBI Capital Markets are the book-running lead managers of the general public difficulty.
Published – September 22, 2025 10:23 pm IST