
Open Your Free Demat Account
Enjoy low brokerage on delivery trades
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.
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
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
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?
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
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.
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes. The securities are quoted as an example and not as a recommendation. Past performance is not necessarily a guide to future performance.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading