TruAlt Bioenergy IPO Allotment Finalised: Here’s How to Check Status Ahead of Its Listing
- 30th September 2025
- 11:00 AM
- 3 min read
Summary
TruAlt Bioenergy’s ₹839 crore IPO, closed on September 29, 2025, received overwhelming demand with overall subscription reaching nearly 75 times. Institutional investors led the charge, with QIBs subscribing 165 times. The allotment will be finalised today, September 30, and applicants can check their status online via the registrar Bigshare Services, NSE, or BSE portals. The tentative listing date is set for October 3, 2025.Strong Demand for TruAlt Bioenergy IPO
Mumbai | September 30: TruAlt Bioenergy’s ₹839 crore IPO has been finalised for allotment today, September 30, after closing for subscription on September 29. The issue, which was open to investors between September 25 and 29, attracted strong demand with bids 75 times the shares on offer.
Subscription breakdown
- Qualified Institutional Buyers (QIBs): 165.15 times
- Non-Institutional Investors (NIIs): 103 times
- Retail Investors: 11.5 times
- Overall: 75.02 times
This robust participation highlights investor confidence in the company’s growth potential, especially from institutional investors who anchored much of the demand.
Ahead of the IPO opening, TruAlt Bioenergy raised ₹251.79 crore on September 24, 2025, through its anchor round.
The IPO comprised fresh equity worth ₹750 crore and an offer for sale (OFS) of shares valued at ₹89.28 crore by promoters Dhraksayani Sangamesh Nirani and Sangamesh Rudrappa Nirani. The price band was set at ₹472–₹496 per share.
About the Company
Founded in 2021 and based in Bengaluru, TruAlt Bioenergy is one of India’s largest biofuel producers. The company operates five distilleries in Karnataka, producing ethanol, Extra Neutral Alcohol (ENA), and compressed biogas (CBG). It also runs a subsidiary focused on CBG and is now expanding into grain-based ethanol and sustainable aviation fuel (SAF), aligning with India’s clean energy goals.
How to Check TruAlt Bioenergy IPO Allotment Status
Applicants can verify allotment through multiple platforms:
1) Registrar – Bigshare Services Pvt. Ltd.
- Visit: Bigshare Services Pvt. Ltd.
- Select any server link
- Choose “TruAlt Bioenergy Limited” from dropdown
- Enter PAN / Application No. / DP-ID & Client ID
- Click Submit to view status
2) BSE Website
- Visit: BSE IPO Status Page
- Select Issue Type: Equity
- Choose “TruAlt Bioenergy Limited”
- Enter PAN / Application No.
- Complete captcha and click Search
3) NSE Website
- Visit: NSE IPO Verification Page
- Select “Equity & SME IPO bid details”
- Choose “TruAlt Bioenergy Limited”
- Enter PAN and Application No.
- Click Submit to check status
Key Dates: Refunds, Credit and Listing
- Allotment finalisation: September 30, 2025
- Refund initiation / Unblocking of funds: October 1, 2025
- Demat credit of shares: October 1, 2025
- Listing date: October 3, 2025 (NSE & BSE)
The IPO was managed by DAM Capital Advisors Ltd and SBI Capital Markets Ltd as Book Running Lead Managers, with Bigshare Services Pvt. Ltd. as registrar.
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