TruAlt Bioenergy IPO: Check IPO GMP & Subscription Status
TruAlt Bioenergy’s ₹839.28 crore initial public offering (IPO) opened for subscription on September 25, 2025, but received a slow response on the first day from the IPO investors. By the first few hours, the TruAlt Bioenergy IPO had been subscribed just 8%, as per NSE data. The price band is ₹472 to ₹496 per share. Investors placed bids for 9.92 lakh shares against the 1.23 crore shares available. TruAlt Bioenergy is one of India’s largest ethanol producers, with a production capacity of 2,000 kilo litres per day (KLPD) and a 3.6% market share in FY25. The IPO allotment date is September 29, 2025, and the listing on the Indian stock market platforms will take place on October 3, 2025. Raised funds will be used for plant expansion, a part will be used for working capital, and rest for general corporate purposes.
TruAlt Bioenergy IPO Subscription Status (Day 1 – Noon)
| Investor Category | Shares Reserved | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 35.10 lakh | 0% |
| Non-Institutional Investors (NIIs) | 26.52 lakh | 9% |
| Retail Investors | 61.91 lakh | 12% |
| Total | 1.23 crore | 8% |
Note: Institutional investors (QIBs) generally bid on the last day of the Initial Public Offering issue. The IPO will close on September 29, 2025.
TruAlt Bioenergy IPO Grey Market Premium
The TruAlt Bioenergy IPO is currently trading at a GMP of around ₹80 (16.2%), suggesting that there is a possibility that company’s shares could list at ₹576 per share against the upper IPO price band of ₹496 per share. Investors must not rely on GMP as it is an unofficial indicator of possible listing gains and may change quickly.
Also Read: Jain Resource Recycling IPO GMP
Frequently asked questions
The IPO size is ₹839.28 crore, which includes a fresh issue of ₹750 crore and an offer-for-sale (OFS) of ₹89.28 crore.
On the first day, the IPO was subscribed 8% overall. Retail investors subscribed 12%, NIIs 9%, while QIBs did not place any bids.
The tentative allotment date is September 29, 2025.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult certified financial experts before making any investment decisions.
