Home / Business and Economy / TruAlt Bioenergy's Rs 839 Crore IPO Oversubscribed by 34% on Final Day
TruAlt Bioenergy's Rs 839 Crore IPO Oversubscribed by 34% on Final Day
29 Sep, 2025
Summary
- TruAlt Bioenergy's IPO fully subscribed on final day
- Attracted 19.15% grey market premium ahead of listing
- Company is a leading Indian ethanol producer
On September 29, 2025, TruAlt Bioenergy's Rs 839.28 crore initial public offering (IPO) was fully subscribed on the third and final day of bidding. By 10:12 AM, investors had submitted bids for 1.66 crore shares compared to the 1.24 crore shares on offer, resulting in an oversubscription of 1.34 times.
The IPO also attracted significant interest in the unlisted market, with a grey market premium (GMP) of approximately 19.15% on the final day. Priced between Rs 472 and Rs 496 per share, the TruAlt Bioenergy IPO comprises a fresh issue worth Rs 750 crore and an offer for sale of Rs 89.28 crore.
TruAlt Bioenergy is one of India's leading ethanol producers, with an installed capacity of 2,000 kilo litres per day (KLPD), accounting for approximately 3.6% market share as of FY25. The company has diversified into compressed biogas (CBG) and is exploring new areas such as second-generation ethanol, sustainable aviation fuel, and biochemicals.
