TruAlt Bioenergy IPO Oversubscribed 713% on Day 3 | Stock Market Today UpdateApollo Micro Systems Stock Market Today: Defence Player Extends Winning Streak

Market Performance

The Indian stock market today saw strong activity around the TruAlt Bioenergy IPO, which closed its third day with massive demand. Investor participation remained robust, reflecting the rising interest in clean energy and ethanol-focused companies.

Main News: TruAlt Bioenergy IPO Subscription Status

The TruAlt Bioenergy IPO ended Day 3 on September 29 with subscriptions hitting 713%. This overwhelming response highlights the confidence investors are showing in the company’s business model and growth prospects.

The public issue consists of two parts:

• Fresh Issue: Equity shares worth ₹750 crore
• Offer for Sale (OFS): 18 lakh shares valued at ₹89.28 crore at the upper price band

This takes the total IPO size to ₹839.28 crore.

Company Details

Headquartered in Bengaluru, TruAlt Bioenergy is a prominent name in the biofuels sector. The company has made its mark in ethanol production and is now focusing on new avenues to expand capacity and reduce input costs.

Here are some key details about its business model:

• Core Operations: Ethanol production remains the company’s mainstay.
• Diversification: Expansion into second-generation (2G) ethanol, which uses surplus bagasse (a sugar production byproduct) as raw material.
• Raw Material Shift: Moving from seasonal sugar syrup and molasses to grain-based ethanol to ensure stable supply and reduce reliance on cyclical inputs.
• Fund Utilization: Capital raised will be directed toward multi-feedstock operations, debt repayment, and other corporate purposes.

Why the IPO Matters

TruAlt’s growth strategy is deeply tied to India’s push for clean energy and ethanol blending programs. By diversifying raw material sourcing and investing in technology like 2G ethanol, the company aims to keep production steady while improving margins.

This move is also expected to help TruAlt manage material costs better and maintain consistent ethanol output, even during seasonal fluctuations in sugar-based inputs.

Summary

The TruAlt Bioenergy IPO has drawn massive investor interest, with subscription levels crossing 713% by Day 3. With a total issue size of ₹839.28 crore, the funds raised will support expansion, reduce debt, and drive future growth.

As one of India’s notable biofuel producers, TruAlt is positioning itself strongly in the ethanol market while diversifying into grain-based and 2G ethanol. The oversubscription shows the kind of momentum the sector is seeing in the stock market today.