TruAlt Bioenergy IPO 2025: Anchor Book Closes at Rs 252 Crore Ahead of Public Subscription

Market Performance

The stock market today is abuzz as TruAlt Bioenergy prepares for its much-anticipated IPO. The company, a prominent biofuels producer, has successfully raised Rs 252 crore from anchor investors, a day ahead of the IPO opening. This early momentum highlights strong institutional interest in the company’s growth story.

TruAlt Bioenergy’s IPO opens for public subscription on September 25 and will continue until September 29, offering investors a window to participate in this Rs 839.38-crore issue.

Main News: Anchor Book Collection

TruAlt Bioenergy allocated 50.76 lakh equity shares to 19 anchor investors at Rs 496 per share. Key participants include top mutual funds and financial institutions. The anchor book collection serves as an early indicator of investor confidence and sets the tone for the IPO subscription.

IPO Structure & Price Band

• Price Band: Rs 472–496 per share
  
  
• Total Issue Size: Rs 839.38 crore
  
  
  • Fresh Issue: Rs 750 crore
    
    
  • Offer-for-Sale (OFS): Rs 89.38 crore (18 lakh shares by promoters)
    
    

The fresh issue proceeds will be allocated for:

• Setting up multi-feed stock operations
  
  
• Payment of existing debt
  
  
• General corporate purposes
  
  

Company Details

Based in Bengaluru, TruAlt Bioenergy is a leading ethanol producer in India. The company is actively diversifying into second-generation (2G) ethanol, using surplus bagasse from sugar production as raw material.

The company’s performance is influenced by the availability and price of raw materials such as sugar syrup and molasses. To mitigate seasonal dependency, TruAlt is strategically moving towards grain-based ethanol production, aiming for consistent output and better cost management.

IPO Allocation Pattern

• Qualified Institutional Buyers (QIBs): 50%
  
  
• Retail Investors: 35%
  
  
• Non-Institutional Investors: 15%
  
  
• Minimum Lot Size: 30 shares, multiples thereafter
  
  

The public issue is managed by DAM Capital Advisors and SBI Capital Markets, serving as book-running lead managers.

Summary

TruAlt Bioenergy’s IPO is shaping up as one of the key offerings in the biofuels and renewable energy sector this year. Key highlights:

• Anchor Investment: Rs 252 crore raised ahead of IPO opening
  
  
• IPO Price Band: Rs 472–496 per share
  
  
• Total Issue Size: Rs 839.38 crore
  
  
• Opening Dates: September 25–29
  
  
• Allocation: 50% QIBs, 35% retail, 15% non-institutional
  
  

With its strong focus on ethanol production and diversification into 2G ethanol, TruAlt Bioenergy continues to strengthen its market position while offering investors a structured opportunity to participate through this IPO.