Trualt Bioenergy IPO Details
Trualt Bioenergy IPO is a book-built issue comprising a fresh issue of Rs. 750 crore along with an offer for sale of 0.18 crore shares. The IPO will open for subscription on September 25, 2025, and close on September 29, 2025, with allotment scheduled for September 30 and listing on BSE and NSE fixed for October 3, 2025.
The price band has been set at Rs. [.] to Rs. [.] per share. Dam Capital Advisors Ltd. is the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. is acting as the registrar.
🕗 Last Update: 26 September 2025, 6.00 AM
IPO Key Dates
| Anchor portion | |
| IPO opens on | 25 Sept 2025 |
| IPO Closes on | 29 Sept 2025 |
| IPO Allotment on | 30 Sept 2025 |
| Unblocking of Asba | 1 Oct 2025 |
| Credit of Shares | 1 Oct 2025 |
| Listing of Shares | 3 Oct 2025 |
The promoters
Vijaykumar Murugesh Nirani, Vishal Nirani and Sushmitha Vijaykumar Nirani are the company promoters.
The promoters hold 88.20% shares in the post IPO capital of the company.
Objects of IPO
The Offer comprises of fresh issue of capital & the objects are
+Funding capital expenditure towards setting- up multi-feed stock operations to pave- way for utilizing grains as an additional raw material in ethanol plant at TBL Unit 4 of 300 KLPD capacity. Rs. 150.78 Cr
+Funding our working capital requirements. Rs. 425 Cr.
+General Corporate Purposes
Business :
IPO Details
| IPO opens on | 25 September 2025 |
| IPO closes on | 29 September 2025 |
| Issue Type | Book Built Issue IPO |
| IPO Size | ? Shares/ Rs.? Cr. |
| * Fresh Issue | Rs 750 Crore |
| * Offer for Sale | Rs – Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | – Shares |
| Listing will at | BSE, NSE |
How are the shares offered?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
How can the shares be applied?
How to check Allotment Status
Allotment of this IPO will be announced on 29 September 2025 and the link to check allotment is given below:
| Registered Office of the company Trualt Bioenergy Ltd. Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot, 587313, Karnataka, India Bagalkot, Karnataka, 587313 Email: cs@trualtbioenergy.com |
|
| The Lead Managers DAM Capital Advisors Ltd SBI Capital Markets ltd |
|
| Registrar to IPO | |
| Bigshare Services Pvt ltd |
Financial Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 |
| Assets | 3,029.73 | 2,419.08 |
| Total Income | 1,968.53 | 1,280.19 |
| Profit After Tax | 146.64 | 31.81 |
| EBITDA | 309.14 | 188.09 |
| NET Worth | 769 | 264.61 |
| Total Borrowing | 1,549.68 | 1,684.68 |
| Amount in Rs. Crore | ||
Key Performance Indicators
| KPI | Values |
| ROE | 28.27% |
| ROCE | 10.88% |
| Debt/Equity | 2.02 |
| RoNW | 19.07% |
| PAT Margin | 7.69% |
| EBITDA Margin | 16.20% |
| EPS | 4.5 |
| PE R |
Peer Comparison
| Company Name | P/E (x) | RoNW (%) |
| BMW Ventures Limited | 16.54 | |
| Shiv Aum Steels | 43.46 | 8.36 |
IPO Concise Review by Paresh Gordhandas, CA & Research Analyst
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Trualt Bioenergy IPO dates
Trualt Bioenergy IPO price & Lot
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