TruAlt Bioenergy IPO: Check QIB, NII, Retail Investor Subscription
The initial public offering (IPO) of biofuels manufacturer TruAlt Bioenergy Ltd witnessed an overwhelming response from investors. The subscription reached 71.92 times on the final day of bidding, Monday. Qualified Institutional Buyers (QIBs) were the most active, bidding for 55.89 crore shares against 35.10 lakh shares on offer, resulting in a 159.22 times subscription. While the Non-Institutional Investors (NIIs) showed interest with a subscription of 98.56 times, while Retail Individual Investors (RIIs) subscribed 11 times. According to National Stock Exchange data, the company received bids for 88.85 crore shares compared with 1.23 crore shares on offer. Based in Bengaluru, TruAlt Bioenergy is one of India’s major biofuels producers, primarily engaged in ethanol manufacturing. The IPO is being managed by DAM Capital Advisors and SBI Capital Markets as book-running lead managers.
TruAlt Bioenergy IPO Category-Wise Subscription
- Qualified Institutional Buyers (QIBs): Oversubscribed 159.22 times, with bids for 55.89 crore shares against 35.10 lakh on offer.
- Retail Individual Investors (RIIs): Subscribed 11 times.
- Non-Institutional Investors (NIIs): Oversubscribed 98.56 times.
| Investor Category | Shares Offered | Shares Bids Received | Subscription (Times) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 35,10,508 | 55,89,31,920 | 159.22x |
| Non-Institutional Investors (NIIs) | — | — | 98.56x |
| Retail Individual Investors (RIIs) | — | — | 11x |
| Total | 1,23,55,424 | 88,85,47,230 | 71.92x |
(Note: Detailed share bid data for NIIs and RIIs not disclosed in NSE snapshot.)
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The TruAlt Bioenergy IPO was priced in the band of ₹472–₹496 per share and the issue consisted of a fresh issue of shares worth ₹750 crore and an offer-for-sale (OFS) of 18 lakh shares valued at ₹89.28 crore at the upper price band by the promoters, bringing the total issue size to ₹839.28 crore.
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Frequently asked questions
A total of 1.23 crore shares of TruAlt Bioenergy Ltd were on offer, including a fresh issue of ₹750 crore and an OFS of 18 lakh shares by promoters.
The Initial Public Offering concluded on September 29, 2025.
The IPO of TruAlt Bioenergy Ltd is managed by DAM Capital Advisors and SBI Capital Markets.
