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2h ago

TruAlt Bioenergy Sets Sept. 25 Opening for Rs 839-Crore IPO at Rs 472–496

Proceeds will fund a grain-capable upgrade alongside a sizable working-capital boost.

TruAlt Bioenergy IPO
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Overview

  • The public offer totals up to Rs 839 crore, including a Rs 750 crore fresh issue and an offer-for-sale of 18 lakh promoter shares.
  • The price band is Rs 472–496 per share, and the minimum application size is 30 shares.
  • Anchor allocation is scheduled for Sept. 24, subscriptions run Sept. 25–29, allotment is expected on Sept. 30, and listing is planned for Oct. 3 on the BSE and NSE.
  • Use of proceeds includes Rs 150.68 crore to convert Unit 4 (300 KLPD) to multi-feedstock operations and Rs 425 crore for working capital, with the remainder for general corporate purposes.
  • TruAlt operates 1,800 KLPD of 2,000 KLPD installed ethanol capacity with a 3.6% FY25 market share, reported FY25 revenue of Rs 1,908 crore and profit of Rs 146.6 crore, and appointed DAM Capital and SBI Capital as lead managers with Bigshare as registrar.