Shares of Trualt Bioenergy ended their first buying and selling day on Dalal Road with a 6.65% acquire at ₹529 apiece, though this was under the itemizing worth of ₹545, which itself represented a ₹496″>10% premium over the difficulty worth of ₹496.
Following the respectable itemizing on the Indian inventory market, analysts steered that traders who obtained allotments might think about reserving partial income whereas retaining some shares with a cease lack of ₹520.
Mr. Harshal Dasani, Enterprise Head at INVasset PMS, mentioned, “Trualt Bioenergy Ltd made a formidable debut on the inventory market, itemizing at roughly ₹545 per share, round 10% above its subject worth of ₹496. Buyers could e book partial income and maintain the rest with a cease loss at ₹520.”
TruAlt Bioenergy IPO particulars
The IPO, open between September 25 and 29, obtained bids for 88.85 crore shares towards a proposal of 1.18 crore shares, leading to a subscription of almost 75 occasions.
The retail portion was subscribed 11.50 occasions, whereas non-institutional traders (NIIs) confirmed strong demand at 103 occasions. The certified institutional patrons (QIBs) class noticed the very best curiosity, subscribed 165 occasions, and the difficulty has not allotted any portion to workers.
The ₹839.28 crore subject features a new share issuance amounting to ₹750 crore and an offer-for-sale (OFS) of 18 lakh shares priced at ₹89.28 crore on the higher restrict, supplied by the promoters.
The corporate proposes to make use of the funds from the difficulty in the direction of financing capital expenditure for establishing multi-feedstock operations at its TBL Unit 4 ethanol plant (300 KLPD), assembly working capital necessities, and supporting basic company functions.
About Trualt Bioenergy
The corporate claims that it’s one in every of India’s largest biofuels producers, notably within the ethanol sector, primarily based on put in capability, with an mixture put in capability of two,000 kiloliters per day.
It at the moment operates 5 distillery models in Karnataka. As of March 31, 2025, it operates 4 ethanol manufacturing distilleries on molasses- and syrup-based feedstocks, with a manufacturing capability of 1,800 KLPD.
The corporate faces competitors from home gamers, together with sugar mills, distilleries, and ethanol producers. A few of its home friends embrace Bajaj Hindustan Sugar Restricted, Dhampur Sugar Mills Restricted, Triveni Engineering & Industries Restricted, Balrampur Chini Mills Restricted, Shree Renuka Sugars Restricted, Dalmia Bharat Sugar and Industries, Dwarikesh Sugar Indus Restricted, and EID Parry India Restricted.
Disclaimer: This story is for instructional functions solely. The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise traders to verify with licensed specialists earlier than making any funding choices.
