The Trualt Bioenergy IPO has quickly become one of the most talked-about issues in the Indian markets this week. With strong demand across investor categories and a healthy premium in the grey market, the Trualt Bioenergy IPO GMP today signals robust investor confidence ahead of its listing.
Trualt Bioenergy IPO: Key Details
The Trualt Bioenergy IPO opened on September 25, 2025, and closed for subscription on September 29, 2025. Priced between ₹472–496 per share, the issue size was pegged at ₹839.28 crore, including a fresh issue worth ₹750 crore and an offer-for-sale (OFS) of ₹89.28 crore.
By the end of Day 3, the IPO was subscribed 2.25 times overall, receiving bids for 2.66 crore shares against 1.18 crore offered. The retail portion was subscribed 1.64 times, non-institutional investors subscribed 5.48 times, while the qualified institutional buyers (QIB) quota stood at 0.90 times.
Trualt Bioenergy IPO GMP Today
The Trualt Bioenergy IPO GMP today is quoted at ₹109, suggesting a likely listing price around ₹605 per share. That translates to an impressive 22% premium over the upper price band of ₹496.
This signals strong interest in the grey market, where investors actively track demand before shares officially debut on the exchanges. If the premium sustains, it could mean a rewarding listing for early investors.
About Trualt Bioenergy
Founded in 1988, Trualt Bioenergy is one of India’s leading ethanol producers with an installed production capacity of 2,000 kilo litres per day. The company plans to use ₹150.68 crore from the IPO proceeds to expand into multi-feed stock operations, ₹425 crore for working capital, and the rest for general corporate purposes.
Beyond ethanol, Trualt Bioenergy is also a diversified player in the energy and transformer sector. As of March 2025, it had delivered over 4,400 transformers with a combined capacity of 94,000 MVA across India. With five manufacturing units, including a newly operational plant in Vadodara, the company caters to both public and private sector clients.
Investor Sentiment and Brokerage Views
Brokerage houses have expressed optimism about the IPO. Reliance Securities highlighted that while the bioenergy sector comes with challenges, Trualt Bioenergy is positioned well due to its diversified portfolio and strong financials. They recommended subscribing to the IPO, citing India’s growing demand for sustainable energy.
SBI Securities noted the company’s rapid financial growth, pointing out a revenue CAGR of ~58%, EBITDA CAGR of ~72%, and PAT CAGR of ~103% between FY22–FY25. At the upper price band, the IPO values the company at a PE multiple of 29x post-issue, which analysts view as justified given its growth trajectory.
Trualt Bioenergy IPO Listing Date
The basis of allotment for the Trualt Bioenergy IPO will be finalized on September 30, 2025, and the shares are scheduled to be listed on both the NSE and BSE on October 3, 2025.
With the current Trualt Bioenergy IPO GMP today showing strength, market watchers are eager to see if the listing lives up to grey market expectations.
Why This IPO Matters
The strong subscription numbers and premium in the grey market reflect growing investor appetite for companies aligned with India’s green energy future. Trualt Bioenergy not only contributes to the ethanol blending program but is also expanding into sustainable aviation fuel and compressed biogas (CBG), areas critical for India’s energy transition.
For investors, the IPO offers exposure to both the renewable energy and transformer manufacturing segments, making it a unique play in the market.
Final Thoughts
The Trualt Bioenergy IPO GMP today shows robust demand and optimism, suggesting a healthy listing ahead. With its strong fundamentals, diversification, and alignment with India’s sustainable energy goals, Trualt Bioenergy is seen as a long-term growth story by many analysts.
As the company prepares for its October 3 debut, investors will closely watch if the grey market buzz translates into actual listing gains.
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