TruAlt Bioenergy IPO
TruAlt Bioenergy Limited (TRUALT) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +35.2% (likely range +33% to +61%), day's high +44.5%, chance of a gain 92%. Actual: +10.0% at the open, +10.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 35,10,508 | 55,89,31,920 | 159x | |
| NII (HNI) total | 26,53,475 | 26,15,30,760 | 98.6x | |
| Big NII (above ₹10 lakh) | 17,68,984 | 20,07,15,030 | 113x | |
| Small NII (₹2-10 lakh) | 8,84,491 | 6,08,15,730 | 68.8x | |
| Retail | 61,91,441 | 6,81,04,140 | 11.0x | |
| Total | 1,23,55,424 | 88,85,66,820 | 71.9x |
Bids on NSE and BSE together, as published by NSE, as of 29 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to TruAlt Bioenergy's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| CRIZAC LIMITEDJul 2025 | 134x | 76.2x | 10.2x | 59.8x | ₹904 Cr | +14.7% | +26.2% |
| Rashi PeripheralsFeb 2024 | 144x | 62.8x | 10.4x | 59.7x | ₹633 Cr | +9.2% | +10.2% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| Atlanta ElectricalsSep 2025 | 195x | 54.2x | 10.4x | 70.6x | ₹697 Cr | +13.7% | +14.7% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| DAM Capital Advisors | 37 | +13.6% | 59% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the TruAlt Bioenergy IPO price band and lot size? ₹472–496 per share, with a lot of 30 shares, so the smallest retail bid is ₹14,880.
How many times has it been subscribed? 71.9x overall: QIB 159x, NII 98.6x, retail 11.0x.
How did it list? It opened at ₹545, +10.0% against the issue price of ₹496, and closed its first day +7.0%.
