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TruAlt Bioenergy IPO Day 3: Check Subscription Status & Key Highlights

The TruAlt Bioenergy IPO closed on September 29, 2025, with exceptional demand across investor categories. Day 3 saw strong interest from Qualified Institutional Buyers (QIBs), followed by Non-Institutional Investors (NIIs) and retail participants.

Oversubscription levels show investors’ faith in the company’s ethanol capacity, diversification into clean fuels, and growth plans. However, the aggressive pricing has also raised discussions among market watchers. For investors following the biofuel sector, TruAlt Bioenergy IPO has become one of the most talked-about issues of this season.

TruAlt Bioenergy IPO Day 3 Subscription Status

The IPO closed with subscriptions of nearly 75x overall, led by massive institutional demand. Retail participation remained positive, though relatively moderate compared to HNIs and QIBs.

Subscription Summary (as of Sept 29, 2025 – Day 3, 4:43 PM):

Category

Shares Offered

Shares Bid For

Subscription (x)

QIB (Ex-Anchor)

33,84,195

55,89,31,920

165.16

NII

25,38,145

26,13,73,110

102.98

– bNII (₹10L+)

16,92,097

20,07,15,030

118.62

– sNII (<₹10L)

8,46,048

6,06,58,080

71.70

Retail

59,22,339

6,70,65,660

11.32

Total

1,18,44,679

88,73,70,690

74.92

Applications received: 21,74,979

TruAlt Bioenergy – IPO Details

  • IPO Size: ₹839.28 crore

  • Issue Type: Book Built

  • Price Band: ₹472 – ₹496 per share

  • Lot Size: 30 shares (₹14,880 min investment)

  • Fresh Issue: 1.51 crore shares (₹750 crore)

  • Offer for Sale: 18 lakh shares (₹89.28 crore)

  • Listing: BSE, NSE

  • IPO Timeline:

    • Opened: Sept 25, 2025

    • Closed: Sept 29, 2025

    • Allotment: Sept 30, 2025

    • Listing: Oct 3, 2025

Utilisation of Proceeds

The net proceeds will be used for:

  • Funding capital expenditure for multi-feedstock ethanol operations (~₹150.68 crore).

  • Meeting working capital requirements (~₹425 crore).

  • Covering general corporate purposes.

Additional Read-  How to Apply for the TruAlt Bioenergy IPO?

TruAlt Bioenergy IPO Anchor Investor Allocation

Anchor Investor Details

Figures

Anchor Bid Date

Sept 24, 2025

Shares Allotted

50,76,289

Amount Raised

₹251.78 crore

Lock-in (50% shares)

Oct 30, 2025

Lock-in (Remaining)

Dec 29, 2025

Click here to check out recently closed IPO

Conclusion

The TruAlt Bioenergy IPO closed with stellar demand, especially from QIBs, who subscribed over 165 times. HNIs also showed significant interest, making it one of the most subscribed IPOs of the year.

Retail participation, though smaller in comparison, still ensured healthy overall subscription. With allotment scheduled for Sept 30 and listing on Oct 3, investor focus now shifts to potential listing gains and long-term prospects in India’s biofuel industry.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your IPO allotment status for TruAlt Bioenergy IPO.

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