Trualt Bioenergy IPO GMP & Review: Should You Apply or Avoid?

Check Expert’s Verdicts on Trualt Bioenergy IPO

Trualt Bioenergy IPO is open for bidding from 25th September 2025 to 29th September 2025. It is a book-building IPO of ₹839.28 crores, comprising an entirely fresh issue of ₹1.51 crores, and an offer for sale of 0.18 crores shares. The problem will be listed on BSE and NSE on its tentative listing date, 3rd October 2025. 

Trualt Bioenergy IPO Details 

The Trualt Bioenergy IPO date is fixed between 25th September 2025 and 29th September 2025. The face value of Trualt Bioenergy’s IPO shares is ₹10 per share, and the IPO price is set between ₹472 and ₹496 per share.

Bigshare Services Private Limited is the registrar of the Trualt Bioenergy IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Trualt Bioenergy IPO Share Reservation

Trualt Bioenergy’s IPO is a book-building IPO of ₹839.28 crores, comprising an entirely fresh issue of 1.51 crore shares, which will be listed on the BSE and NSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Trualt Bioenergy IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Trualt Bioenergy IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 22nd September 2025, Trualt Bioenergy’s IPO GMP stands at ₹0 per share, indicating that the share is likely to list at ₹496 on its tentative listing date, 3rd October 2025.

GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Trualt Bioenergy GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Trualt Bioenergy IPO GMP Review

Check out the detailed Trualt Bioenergy GMP IPO review for a thorough understanding of its potential to report listing gains on 1st October 2025. The Trualt Bioenergy IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Trualt Bioenergy IPO.

Trualt Bioenergy Limited’s revenue increased by 54% from ₹1,280.19 crores in March 2024 to ₹1,968.53 crores in March 2025. Moreover, the company’s PAT rose by 361% from ₹31.81 crores to ₹146.64 crores.

Trualt Bioenergy Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Trualt Bioenergy IPO for its tentative listing day, 3rd October 2025.  

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Trualt Bioenergy IPO.

The P/E ratio of Trualt Bioenergy Limited’s share is 23.89, and its Earnings Per Share (EPS) stands at 20.76. Thus, the Trualt Bioenergy Limited IPO can potentially deliver gains on its tentative listing date, 1st October 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Trualt Bioenergy Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

Trualt Bioenergy IPO Subscription Status

The Trualt Bioenergy IPO is scheduled to open for bidding on September 25, 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Trualt Bioenergy IPO subscription status. 

About Trualt Bioenergy Limited

Trualt Bioenergy Limited was established in 2021 and is engaged in the production of biofuels, with a primary focus on the ethanol sector. It is one of the largest Ethanol producers in India, based on its installed capacity of 2,000 kiloliters per day (KLPD). In Fiscal 2025, it has a 3.6% market share in ethanol production capacity. The company’s business operations span across ethanol production and compressed biogas (CBG) production. As of Mar 31, 2025, its subsidiary, Leafinity, operates one CBG production plant with a capacity of 10.20 TPD (Tonnes per day). To further expand its CBG capacity, it has entered into Memoranda of Understanding (MoUs) with a Japanese Gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd. As of the date of RHP, the company has five distillery units in Karnataka, four of which are operated on molasses and syrup-based feedstocks. The company also proposed to enter into other verticals, including second-generation ethanol, sustainable aviation fuel, and Mevalonolactone (“MVL”) and Allied Biochemicals.

Trualt Bioenergy Limited Financials

The company’s financial analysis is essential before applying for the Trualt Bioenergy  IPO. Refer to the table to learn about Trualt Bioenergy Limited’s financial information. 

Explanation

Trualt Bioenergy Limited’s revenue increased by 54% from ₹1,280.19 crores in March 2024 to ₹1,968.53 crores in March 2025. Moreover, the company’s PAT rose by 361% from ₹31.81 crores to ₹146.64 crores.

Trualt Bioenergy IPO Bidding Requirements

Investors can bid for a minimum of 30 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Trualt Bioenergy’s IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Trualt Bioenergy IPO Promoter Holding

Refer to the table below to review the holdings of Trualt Bioenergy Limited’s promoters: Sanjay Singhania, Ajay DD Singhania, Bajrang Bothra, Laxmi Pat Bothra and Nikhil Bothra.

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Trualt Bioenergy IPO

The primary aim of the Trualt Bioenergy IPO is to raise ₹504 crore. On the other hand, Trualt Bioenergy has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Trualt Bioenergy IPO.

• To fund capital expenditure towards setting up multi-feed stock operations to pave the way for utilising grains as an additional raw material in the ethanol plant at TBL Unit 4 of 300 KLPD capacity.
• To fund our working capital requirements.
• For general corporate purposes

Should I Invest in the Trualt Bioenergy IPO?

Explore the pros and cons of Trualt Bioenergy to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades. 

Pros of Trualt Bioenergy IPO

•  Largest installed capacity for the production of ethanol in India
• The company is well-positioned to capture favourable industry tailwinds
• The company has management teams and experienced promoters
• The company has an entrenched customer relationship and strong demand pipelines

Cons of Trualt Bioenergy IPO

• Raw material risk, seasonability and price volatility
• The company’s dependence on variable policies and subsidies
• Execution risk on capacity expansion and diversification

How to Apply for the Trualt Bioenergy IPO?

Please follow the steps outlined below to apply for a position at Trualt Bioenergy Limited.

• Step 1: Conduct thorough research on the Trualt Bioenergy IPO, including GMP, subscription status, issue size, lot size, and other relevant details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for one lot of 30 shares, valued at ₹14,880.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Trualt Bioenergy IPO from more than one demat account to increase your chances of allotment. 

How to Check Trualt Bioenergy IPO Allotment Status?

You can check whether the Trualt Bioenergy IPO allotment has been completed in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Trualt Bioenergy IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Trualt Bioenergy IPO allotment status.

Let’s Wrap

Trualt Bioenergy’s IPO is a fresh issue of shares worth ₹839.28 crores. The shares of Trualt Bioenergy Limited will be listed on BSE and NSE on its tentative listing date of 3rd October 2025. Researching the Trualt Bioenergy IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Trualt Bioenergy IPO

How is the Trualt Bioenergy IPO?

Ans. Currently, on 20th September 2025, the Trualt Bioenergy IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹496.00 per share. It is a book-building IPO of ₹839.28 crores, comprising an entirely fresh issue of 1.51 crore shares, and an offer for sale of 0.18 crore shares. The face value of each share of Trualt Bioenergy Limited is ₹10 per share.

What is the IPO price of Trualt Bioenergy?

Ans. The Trualt Bioenergy IPO price is set at ₹472.00 to ₹496.00 per share.  Retail investors can apply for a minimum of 1 lot, each consisting of 30 shares, worth ₹14,880. Moreover, HNIs are required to bid for a minimum of 14 lots (420 shares) worth ₹2,08,320.

Is the Trualt Bioenergy IPO a good investment?

Ans. Trualt Bioenergy Limited’s revenue increased by 54% from ₹1,280.19 crores in March 2024 to ₹1,968.53 crores in March 2025. Moreover, the company’s PAT rose by 361% from ₹31.81 crores to ₹146.64 crores.

Who is the registrar of the Trualt Bioenergy IPO?

Ans. Bigshares Services Private Limited is the registrar of the Trualt Bioenergy IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Trualt Bioenergy allotment and refund, you can contact Bigshares Services Limited at ipo@bigshareonline.com  or +91-22-6263 8200.

What is the issue size of the Trualt Bioenergy IPO?  

Ans. Trualt Bioenergy’s IPO is a book-building IPO of ₹504.00 crores, comprising an entirely fresh issue of 1.47 crore shares. Moreover, the IPO is set to open on 24th September 2025 and will be closed on 26th September 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Trualt Bioenergy IPO, download the Trualt Bioenergy IPO RHP and the Trualt Bioenergy IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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