TruAlt Bioenergy Limited will open the bids for its initial public offering (IPO) of equity shares on September 25, 2025. The IPO will comprise equity shares worth up to approximately Rs 8.39 billion, including a fresh issue of up to Rs 7.5 billion and an offer for sale of 1.8 million shares by promoters.
Furthermore, the price band of the IPO has been set at Rs 472 to 496 per share. Investors can place bids for at least 30 equity shares and in multiples of 30 shares thereafter.
Earlier in May 2025, TruAlt Bioenergy Limited was officially authorised as an oil marketing company, which allows the company to market and retail ethanol, bio-compressed natural gas , petrol, and diesel nationwide.
TrueAlt Bioenergy Limited is an Indian biofuel producer. It is also a prominent and diversified player in the Indian biofuels industry, primarily in the production of Ethanol.
