The public issue remained open for subscription between September 25 and 29, and garnered an impressive 72 times subscription, with bids received for 88.85 crore shares against 1.23 crore shares on offer. The overwhelming demand was led by institutional buyers, with the QIB portion subscribed 159.22 times, followed by NIIs at 98.56 times, while the retail segment was subscribed 11 times. The IPO price band was set at ₹472–₹496 per share.
How to check IPO allotment statusOn BSE:
1. Visit the BSE allotment page.
2. Select ‘Equity’ under issue type.
3. Choose ‘TruAlt Bioenergy’ from the dropdown menu.
4. Enter your Application Number or PAN.
5. Click ‘Search’ to view allotment details.On Bigshare Services Private Limited:
Visit Select the relevant link.
Choose ‘TruAlt Bioenergy’ from the dropdown.
Enter your PAN, Application Number, or DP/Client ID to check status.
On NSE:
Investors can also track allotment on the NSE website using their PAN and application number.
Refunds for non-allottees and credit of shares to successful applicants’ demat accounts will be processed on October 1. Shares of TruAlt Bioenergy are expected to debut on the bourses on October 6.
About the Company
TruAlt Bioenergy is among India’s leading biofuel producers, primarily engaged in ethanol production. The company held a 3.6% market share in ethanol production in FY25. With a production capacity of 2,000 KLPD, TruAlt operates the largest ethanol facility in the country.
The company plans to utilise IPO proceeds to set up multi-feed stock operations at TBL Unit 4, enabling the use of grains in addition to sugar-based feedstock. Around ₹150.68 crore will go towards this project, while ₹425 crore will be earmarked for working capital needs. The remaining funds will support general corporate purposes.
