TruAlt Bioenergy ipo date, Share Price Target Tomorrow, 2025, 2026, 2030
TruAlt Bioenergy is a fast-growing biofuel company. It makes ethanol in its five Karnataka plants for the government’s fuel blending program, and it also makes compressed biogas (CBG) from farm waste. The company is now moving into new areas like 2G ethanol, sustainable aviation fuel (SAF) for aeroplanes, and biochemicals. It works with GAIL to build more CBG plants and with Sumitomo Corporation to develop big bioenergy projects. Besides clean energy, it also runs programs to help farmers and local communities with health, farming support, and development activities.
- 1 What is TruAlt Bioenergy Ltd IPO?
- 2 TruAlt Bioenergy IPO Details
- 3 TruAlt Bioenergy Share Price Target Tomorrow (Listing day price)
- 4 TruAlt Bioenergy Share Price Target 2025
- 5 TruAlt Bioenergy share price Target 2026
- 6 Share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 TruAlt Bioenergy share price Target 2030
- 10 Share price Target 2040
- 11 Share Price Target 2050
- 12 Should I buy TruAlt Bioenergy stock?
- 13 TruAlt Bioenergy earnings results (Financials)
- 14 Is TruAlt Bioenergy stock good to buy? (bull case & bear case)
- 15 TruAlt Bioenergy IPO Promoter Holding
- 16 Objects of the Issue (TruAlt Bioenergy IPO Objectives)
- 17 TruAlt Bioenergy ipo gmp
- 18 Conclusion
- 19 FAQs
What is TruAlt Bioenergy Ltd IPO?
TruAlt Bioenergy was established in 2012 in Bengaluru, Karnataka, by Prashanth Prakash and Vikram Sakhuja. It is one of India’s main biofuel companies, producing ethanol, which is used for blending with petrol and compressed biogas used as a clean fuel. The company has a good share in India’s ethanol market, about 3.6%. Its branch, Leafiniti Bioenergy, supplies compressed biogas. It supports government plans for clean and renewable energy and is also working on future projects like advanced ethanol, fuel for aeroplanes, and eco-friendly chemicals, making it an important company in India’s green energy field.
TruAlt Bioenergy IPO Details
| IPO Date | September 25, 2025 to September 29, 2025 |
| Listing Date | 03 Oct 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹472 to ₹496 per share |
| Minimum Investment | ₹14160 |
| Lot Size | 30 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Post Issue | 7,06,31,624 shares |
| Share Holding Post Issue | 8,57,52,591 shares |
The company controls its costs well, which helps it earn more money. It still has some debt, but its savings and reserves are increasing, making its financial position stronger. Cash coming in from its services shows the company is managing its business smoothly. Overall, it is becoming financially stronger with growing revenue, higher profits, and better efficiency, though it needs to carefully manage its debt.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
| Tomorrow | -74 | +175 |
It is one of India’s main ethanol producers. Its factories work almost at full capacity, supplying a large part of the ethanol used in India. This allows the company to meet the growing demand for ethanol, which is supported by government programs to reduce oil use. It earns a steady income and strengthens its position in India’s biofuel industry. In 2025, its share price target would be ₹865, as per stock market analysts.
According to stock market analysts, its share price would be between ₹347 to ₹865 in 2025.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 347 | 865 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| October | 400 | 637 |
| November | 385 | 745 |
| December | 578 | 865 |
It runs several distillery plants in Karnataka, mainly using molasses, a thick syrup left after sugar is made from sugarcane, and sugar syrup as raw materials. Its location helps the company to get these materials and keep production running smoothly. Relying on these materials also helps maintain high quality, meet industry standards, and provide ethanol for different uses, such as blending with fuel and other industrial purposes. In 2026, its share price target would be ₹1352, as per stock market analysts.
Its share price would be between ₹830 to ₹1352 in 2026, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 830 | 1352 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 830 | 964 |
| February | 851 | 1030 |
| March | 867 | 1065 |
| April | 884 | 1085 |
| May | 900 | 1112 |
| June | 924 | 1137 |
| July | 937 | 1152 |
| August | 951 | 1174 |
| September | 1054 | 1200 |
| October | 1078 | 1225 |
| November | 1125 | 1275 |
| December | 1174 | 1352 |
The company gets its raw materials, sugar syrup, sugarcane juice, and molasses from sugar plants owned by its promoter group. The large use of these materials shows the company’s large production scale. It depends less on outside sources and can keep costs stable, which is important since raw material prices can affect profits by managing its own supply. This approach makes the company stronger, more reliable, and better prepared for the future. In 2027, its share price target would be ₹1882, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1337 to ₹1882 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 1337 | 1882 |
The company uses modern methods like special distillation and dehydration systems to make ethanol. It also has large fermenters and cooling towers to run production efficiently. These technologies increase ethanol output, save energy, and reduce waste. Using modern equipment allows TruAlt to keep its products high in quality while lowering costs, helping the company stay competitive and successful in the biofuel industry. In 2028, its share price target would be ₹2434, as per stock market analysts.
Its share price would be between ₹1857 to ₹2434 in 2028, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1857 | 2434 |
In its compressed biogas-making process, it uses modern compressors and purification systems. The CBG plant is built as a “no waste discharge” facility, reusing by-products from ethanol production like spent wash to make biogas, use as boiler fuel, or turn into methane. The company cuts emissions and water use, keeping its operations in line with environmental rules and standards in the biofuel industry. In 2029, its share price target would be ₹2954, as per stock market analysts.
According to stock market analysts, its share price would be between ₹2390 to ₹2954 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 2390 | 2954 |
Its production units follow a zero-discharge policy, so no water or waste is released into the environment. Water from distillation is reused, and moisture from spent wash is recycled for fermentation. This careful use of water makes production more eco-friendly and reduces the need for fresh water. It not only reduces its environmental impact but also saves money on water and waste management. In 2030, its share price target would be ₹3474, as per stock market analysts.
Its share price would be between ₹2900 to ₹3474 in 2030, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 2900 | 3474 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 2900 | 3037 |
| February | 2924 | 3075 |
| March | 2954 | 3094 |
| April | 2975 | 3124 |
| May | 2990 | 3157 |
| June | 3012 | 3190 |
| July | 3054 | 3221 |
| August | 3067 | 3257 |
| September | 3085 | 3290 |
| October | 3104 | 3354 |
| November | 3114 | 3390 |
| December | 3224 | 3474 |
It also provides Extra Neutral Alcohol to companies that make Indian-made foreign liquor. It works with well-known brands like John Distilleries, InBrew Beverages, Amrut Distilleries, and Elite Vintage Winery India Private Limited. Supplying alcohol for beverages goes along with its fuel ethanol business, which creates steady demand and helps the company earn consistent income across its different operations. In 2040, its share price target would be ₹5247, as per stock market analysts.
According to stock market analysts, its share price would be between ₹4677 to ₹5247 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 4677 | 5247 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 4677 | 4790 |
| February | 4690 | 4827 |
| March | 4700 | 4858 |
| April | 4732 | 4886 |
| May | 4752 | 4900 |
| June | 4778 | 4932 |
| July | 4823 | 4954 |
| August | 4852 | 4974 |
| September | 4867 | 5053 |
| October | 4887 | 5087 |
| November | 4935 | 5114 |
| December | 5014 | 5247 |
Its revenue has grown significantly over the past few years, due to higher production and rising market demand. The company has become stronger and more stable in India’s biofuel industry. This consistent growth shows that it plans carefully and manages its resources well, putting it in a good position to continue growing in ethanol, biogas, and other areas of bioenergy. In 2050, its share price target would be ₹5874, as per stock market analysts.
Its share price would be between ₹5324 to ₹5874 in 2050, as per stock market analysts.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 5324 | 5874 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 5324 | 5374 |
| February | 5352 | 5410 |
| March | 5374 | 5438 |
| April | 5390 | 5474 |
| May | 5421 | 5500 |
| June | 5437 | 5537 |
| July | 5456 | 5565 |
| August | 5478 | 5580 |
| September | 5500 | 5632 |
| October | 5521 | 5674 |
| November | 5547 | 5725 |
| December | 5584 | 5874 |
Should I buy TruAlt Bioenergy stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 347 | 865 |
| 2026 | 830 | 1352 |
| 2027 | 1337 | 1882 |
| 2028 | 1857 | 2434 |
| 2029 | 2390 | 2954 |
| 2030 | 2900 | 3474 |
| 2040 | 4677 | 5247 |
| 2050 | 5324 | 5874 |
It is India’s top ethanol producer and is also working on biogas, aviation fuel, and petrol pumps. The company is making good money and profits, but it has some risks like heavy loans, depending too much on government rules, and relying on only a few plants and big buyers. The company could grow well because India is pushing for clean fuel, but it is also risky, so it’s safer to invest only a small amount instead of a big one.
TruAlt Bioenergy earnings results (Financials)
| Mar 2023 | Mar 2024 | Mar 2025 | |
| Sales + | 762 | 1,223 | 1,908 |
| Expenses + | 657 | 1,035 | 1,599 |
| Operating Profit | 105 | 188 | 309 |
| OPM % | 14% | 15% | 16% |
| Other Income + | 0 | 57 | 61 |
| Interest | 35 | 143 | 144 |
| Depreciation | 21 | 57 | 67 |
| Profit before tax | 49 | 45 | 159 |
| Tax % | 28% | 29% | 8% |
| Net Profit + | 35 | 32 | 147 |
| EPS in Rs | — | — | — |
| Dividend Payout % | 0% | 0% | 0% |
Is TruAlt Bioenergy stock good to buy? (bull case & bear case)
Bull Case:
- The company earned ₹1,907 crore in revenue in FY25 and a net profit of ₹146.6 crore.
- Its operating profit margin (EBITDA) improved from 14% in FY23 to 16.2% in FY25.
- Return on Equity (ROE) is around 28%, which is higher than many other companies in this sector.
- It has a big ethanol capacity of 2,000 KLPD, with about 1,800 KLPD already running, making it the largest producer in India.
- The company is also moving into biogas, aviation fuel, and fuel retailing, which can bring more business in the future.
Bear Case:
- It’s 80% of its revenue comes from ethanol, so changes in government rules or raw material prices can hurt profits.
- The company has loans of about ₹1,557 crore compared to equity of ₹769 crore, giving it a high debt-to-equity ratio of ~2.0.
- Even though it has a capacity of 2,000 KLPD, it is not using the full amount yet, which reduces earnings.
TruAlt Bioenergy IPO Promoter Holding
Vijaykumar Murugesh Nirani, Vishal Nirani and Sushmitha Vijaykumar Nirani are the company promoters.
| Promoter Holding Pre Issue | 88.20% |
| Promoter Holding Post Issue | 70.55% |
Objects of the Issue (TruAlt Bioenergy IPO Objectives)
- ₹150.68 crore will be used to upgrade the ethanol plant (300 KLPD at TBL Unit 4) so it can also use grains as raw material.
- ₹425.00 crore will be used for the company’s day-to-day business needs.
- The rest will be used for the company’s general purposes.
TruAlt Bioenergy ipo gmp
| Date | IPO GMP | Gain |
| 26 Sep | ₹81 | 16.33% |
| 25 Sep | ₹81 | 16.33% |
| 24 Sep | ₹61 | 12.29% |
| 23 Sep | ₹55 | 11.08% |
Conclusion
It is a leading biofuel company in India that makes ethanol, compressed biogas, and is also working on aviation fuel and eco-friendly chemicals. It has several plants in Karnataka and is earning more money while running more efficiently. The company gets support from the government, works with big companies, and helps farmers and local communities. But it has some risks because it depends mostly on ethanol, has a lot of debt, and is not using all its production capacity. Overall, it can grow well in India’s green energy sector, but it is safer to invest only a small amount instead of a large one.
