December 9, 2024
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Trualt Bioenergy IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Trualt Bioenergy IPO?
The Sebi has given green signal to this IPO and now dates, price and lot are expected to be announced.
Trualt Bioenergy IPO Subscription Status
Trualt Bioenergy IPO Subscriptions
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: ? / (147.94x) Amount wise Bids recd. Rs. ? Crore |
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Trualt Bioenergy IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who are the promoter of Trualt Bioenergy IPO?
VIJAYKUMAR MURUGESH NIRANI, VISHAL NIRANI AND SUSHMITHA VIJAYKUMAR NIRANI are the promoters of the company.
What are the Objects of Trualt Bioenergy IPO?
The Offer comprises of fresh issue of capital and also of an Offer for Sale by the Selling Shareholders.
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding capital expenditure towards setting up multi-feed stock operations to pave- way for utilizing grains as an additional raw material in ethanol plants at TBL Unit 4 of 300 KLPD capacity;
2. Funding its working capital requirements; and
3. General corporate purposes
A Note on the business of Trualt Bioenergy?
Trualt Bioenergy is one of India’s largest biofuels producers, having strategically positioned itself as a prominent and diversified player in the biofuels industry, particularly in the Ethanol sector. It holds the distinction of being the largest Ethanol producer in India based on installed capacity, with an aggregate production capacity of 1,400 kilo litres per day (“KLPD”), as of March 31, 2024. Its market share is amongst the largest in terms of Ethanol production capacity in Fiscal 2024, at 3.7%.
The company currently operates three Ethanol production distilleries on molasses and syrup-based feedstocks.
Proposed Capacity Expansion
It intends to expand its Ethanol production capabilities by 600 KLPD in three locations, to an aggregate capacity of 2,000 KLPD by October 2024. Further, it is in the process of converting its current mono feed (sugarcane juice / sugar syrup / molasses) unit to a dual feed unit. By March 2026, out of the 2,000 KLPD capacity, it intends to convert 1,000 KLPD to dual-feed, capable of producing ethanol from grain-based feedstocks or grains unfit for human consumption. In addition, it intends to further expand its Ethanol production capabilities by setting up two greenfield units with an additional capacity of 700 KLPD comprising of two units of 500 KLPD and 200 KLPD each to an aggregate production capacity of 2,700 KLPD by Fiscal 2027. As part of its Ethanol production, it also produces extra neutral alcohol (“ENA”), the primary raw material in the production of alcoholic beverages. Its product portfolio also includes dry ice and liquid carbon dioxide (“CO2”), by-products in the Ethanol production process.
For more information, click: https://www.trualtbioenergy.com
Trualt Bioenergy IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Trualt Bioenergy IPO Details |
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| IPO opens on | 2024 |
| IPO closes on | 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs ? Crore |
| * Fresh Issue | ? shares/ Rs. 750 crore |
| * Offer for Sale | 3600,000 shares/ Rs.? Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Trualt Bioenergy? |
Shares | Rs. in Crore |
| QIB (75 %) net | ? | |
| ? | ||
| RII (10 %) | ? | |
| Employees | – | – |
| Total Shares | ||
| Retail portion oversubscribed by | ?Forms. | |
| How to apply in Trualt Bioenergy IPO? | Amount Rs. |
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| Min Retail Appli | ||
| Max Retail Appli | ||
| Small HNI (Min) application | ||
| Small HNI (Max) application | ||
| Big HNI Application | ||
What is the timetable of
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| IPO opens on | 2024 |
| IPO Closes on | 2024 |
| IPO Allotment on | 2024 |
| Unblocking of ASBA | 2024 |
| Credit of Shares | 2024 |
| Listing on | 2024 |
| Registered Office of the company | |
| Survey No. 166, Kulali Cross, Jamkhandi Mudhol Road, Bagalkot – 587313, Karnataka, India |
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| Who are the Lead Managers of Trualt Bioenergy IPO? DAM Capital Advisors SBI Capital Markets Limited |
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| Registrar to IPO | |
| Bigshare Services Pvt ltd |
Trualt Bioenergy IPO
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | – | – | – | – |
| 2022-23 | 762.38 | 35.46 | 7.10 | 14.74 |
| 2023-24 | 1280.18 | 31.81 | 4.25 | 12.02 |
| Book Value of the Share on 31.03.2024 |
Rs. | 43.32 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 1329 | ||
| Trualt Bioenergy IPO Ratio Analysis |
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| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Trualt Bioenergy IPO compares with the Peers?
Peer Comparison.
| As on the date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio | |
| Rs. In Crore | |||
| Trualt Bioenergy | 10 | 1223 | ? |
| Balrampur Chini Mills | 1 | 5594 | 18.44 |
| Triveni Engineering | 1 | 6151 | 20.96 |
| Dalmia Bharat Sugar | 1 | 2899 | 11.51 |
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Trualt Bioenergy IPO Review
Will update soon.
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