Trualt Bioenergy Ltd. IPO

Trualt Bioenergy IPO is a book-build issue of ₹ 839.28 crores. This issue is a fresh issue of 1.51 crore shares in which the company offers to sell 0.18 crore shares. The IPO opens for subscription on Sep 25, 2025 and closes on Sep 29, 2025. The allotment is expected to be finalized on Sep 30, 2025. The IPO price band is set from ₹472.00 to ₹496.00 per share. The lot size for an application is 30. The minimum amount of investment required by retail is ₹14,880 (30 shares). Trualt Bioenergy IPO will list on BSE and NSE with a tentative listing date fixed as Oct. 3, 2025.

Company Background

Trualt Bioenergy Ltd. was founded in 2021 to create sustainable energy solutions and support India’s biofuels initiatives. The headquarters of Trualt Bioenergy Ltd. is in Bengaluru and Trualt has become one of India’s largest ethanol producers by installed capacity of 2,000 kiloliters per day. Their core operations and products are ethanol, compressed biogas (CBG) and other products.

Operations And Product Range

Trualt Bioenergy is one of India’s largest biofuels producers, with its primary production being ethanol. Trualt Bioenergy is also the first producer of CBG under the Sustainable Alternative Towards Affordable Transportation (SATAT) scheme introduced by the Indian Government in 2018. As the Government of India is pushed towards non-fossil vehicles, Trualt Bioenergy is planning to set up biofuel dispensing stations. The company also proposed to enter into other verticals, including second-generation ethanol, sustainable aviation fuel, mevalonolactone (MVL) and allied biochemicals.

Facility And Production

The primary state of production of Turalt is still Karnataka, with some additional facilities in Maharashtra. And the company has no international installations at this time. Trualt Bioenergy is installing or planning new plants in Pune, Maharashtra, in addition to its existing operations and expansion in Karnataka. In the future, the company also intends to venture into the production of second-generation (2G) ethanol, sustainable aviation fuel (SAF), biofuel dispensing stations and green hydrogen.

Brand And Market Presence

Trualt Bioenergy has been serving since 2021 with the aim to foster a circular economy, empower agriculture, strengthen local communities, address environmental issues and make sustainability and green mobility a tangible reality. The company's brand presence is built on its leadership position in the industry, its commitment to sustainability and its diversified product offerings. Trualt’s expansion in the biofuel market, which is driven by increasing energy demand, makes brand value stronger and the Trualt Bioenergy IPO increases.

Revenue Channels

• ⦁ The primary source of revenue for Trualt Bioenergy Ltd. is the production and sale of biofuels and their by-products.
• ⦁ In addition, the company produces ENA (Extra Neutral Alcohol), liquid CO₂ and dry ice, which are some revenue-generating activities.
• ⦁ Another big source of revenue generation is from the company’s core ethanol business.

Management And Shareholding

Promoters And Shareholding

The promoters of Trualt Bioenergy have a vision that combines commercial growth with environmental and social responsibilities. Their mission for the upcoming years is to spearhead the global transition to a sustainable, cyclical and self-relevant economy, significantly contributing to achieving net-zero emissions. The company's primary focus lies in producing biofuels such as 1G ethanol, Compressed Biogas (CBG) and Fermented Organic Manure (FOM). In the near future, we intend to venture into the production of second-generation (2G) ethanol, sustainable aviation fuel (SAF), biofuel dispensing stations and green hydrogen.

Board Members

The board of Trault Bioenergy Ltd. IPO comprises a mix of promoter family members and independent directors like Y.B.R. RamaKrishna, a biofuel expert who advises the Ministry of Petroleum. They strategically focused on aligning the company’s growth with India’s national energy transition goals while managing risks and pursuing diversification.