TruAlt Bioenergy is a renewable energy enterprise based in Bengaluru, India. Founded in March 2021, the company operates in the biofuels sector, focusing on producing ethanol, compressed biogas (CBG), and other alternative energy products. It engages in both first-generation and second-generation ethanol production and is involved in sustainable aviation fuel and biogas initiatives. TruAlt Bioenergy is also pursuing expansion projects to increase its manufacturing capacity and broaden its presence in the Indian renewable energy market.
IPO schedule
Issue open date
2025-09-25
Issue close date
2025-09-29
UPI mandate deadline
2025-09-29 (5 PM)
Allotment finalization
2025-09-30
Refund initiation
2025-10-01
Share credit
2025-10-01
Listing date
2025-10-03
Mandate end date
2025-10-14
Lock-in end date for anchor investors (50%)
2025-10-30
Lock-in end date for anchor investors (remaining)
2025-12-29
Financials
Financial Year Ended
March 2024
March 2025
Total Assets
2419.08
3029.73
Revenue
1280.19
1968.53
Profit After Tax
31.81
146.64
Issue size
Funds Raised in the IPO
Amount
Overall
₹839.28 crores
Fresh Issue
₹750 crores
Offer for sale
₹89.28 crores
Utilisation of proceeds
Purpose
INR crores (%)
Working capital requirements
424.95 (56.66%)
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 (20.09%)
General corporate purposes
174.37 (23.24%)
Strengths
Largest installed capacity for the production of ethanol in India
Diversified Renewable Energy Portfolio
Strategic Collaborations with Industry Leaders
Alignment with Government Biofuel Policies
Early Mover Advantage in Emerging Biofuel Segments (e.g., SAF, MVL)
Technological Partnerships Supporting Innovation
Risks
Dependence on ethanol sales.
Logistics and transportation challenges.
Regulatory and environmental compliance risks.
Regional issues may disrupt operations due to unit concentration.