TruAlt Bioenergy Shares List at 10% Premium: Stock Market Today Highlights

Market Performance

The stock market today saw a notable debut from TruAlt Bioenergy shares, as the company listed at a healthy premium over its IPO price. On the NSE, shares opened at ₹545.40 per share, a 9.96% premium over the issue price. Meanwhile, on the BSE, the listing was even stronger at ₹550 per share, reflecting a 10.88% premium.

This debut placed the company’s market capitalization at ₹4,716.39 crore, underlining the size and significance of its entry into the listed space.

Main News: A Strong Yet Moderate Debut

The IPO had received overwhelming investor interest, with a subscription of 71.92 times during the offer period between September 25–29. With such high demand, expectations of a bigger listing gain had built up in the market. However, the actual debut turned out to be more moderate, settling close to a 10% premium.

Key details of the listing include:

• IPO Price Band: ₹472 – ₹496 per share
  
  
• NSE Listing Price: ₹545.40 (9.96% premium)
  
  
• BSE Listing Price: ₹550 (10.88% premium)
  
  
• Post-listing Market Cap: ₹4,716.39 crore
  
  

While the stock opened with gains, the listing premium was below the levels anticipated in pre-listing discussions, where expectations hovered around a higher percentage.

Company Details

TruAlt Bioenergy is a Bengaluru-based biofuels producer, well-known for its ethanol production. The company is also expanding into second-generation (2G) ethanol, which uses bagasse, a byproduct of sugar production, as a key raw material.

The funds raised from the IPO are allocated towards:

• Setting up multi-feed stock operations
  
  
• Debt repayment
  
  
• General corporate purposes
  
  

The company’s business performance is closely tied to the price and availability of raw materials like sugar syrup and molasses. To address this reliance, it has outlined plans to gradually shift toward grain-based ethanol production, aiming for more stable raw material supply and consistent output.

Summary 

The listing of TruAlt Bioenergy shares marked an important milestone in the stock market today. With a 10% premium on debut, the stock opened at ₹545.40 on NSE and ₹550 on BSE, valuing the company at ₹4,716.39 crore.

Though the gains were slightly below earlier expectations, the IPO still delivered a profitable start for investors. Backed by strong subscription demand of 71.92 times, and with expansion plans into grain-based and 2G ethanol, TruAlt Bioenergy enters the market with clear growth intentions.