TRUALT • ISIN: INE0MWH01014
Trualt Bioenergy Limited, incorporated in 2021, is engaged in the production of biofuels, with a primary focus on the ethanol sector. It is one of the largest Ethanol producer in India based on installed capacity of 2,000 kilo litres per day (KLPD). In Fiscal 2025, it has a 3.6% market share in ethanol production capacity.
The company's business operations spans across ethanol production and compressed biogas (CBG) production. As on Mar 31, 2025, its subsidiary, Leafinity operates one CBG production plan with a capacity of 10.20 TPD (Tonnes per day). To further expand its CBG capacity, it has entered into Memorandum of understandings (MoUs) with a Japanese Gas company and Sumitomo Corporation Asia & Oceania Pte. Ltd.
As on the date of RHP, the company has five distillery units in Karnataka, four are operated on molasses and syrup-based feedstocks.
The company also proposed to enter into other verticals, including second-generation ethanol, sustainable aviation fuel, and Mevalonolactone (“MVL”) and Allied Biochemicals.
Competitive Strengths
Largest Installed Capacity for Production of Ethanol in India
Integrated Resource Management, Creating Scalable Operations
Strategically Located Production Infrastructure, with a Focus on Technological Innovation and Sustainability
Well-positioned to Capture Favourable Industry Tailwinds
Entrenched Customer Relationships and Strong Demand Pipeline
Skilled and Experienced Promoters and Management Team
Funding capital expenditure towards setting- up multi-feed stock operations to pave- way for utilizing grains as an additional raw material in ethanol plant at TBL Unit 4 of 300 KLPD capacity.
Funding our working capital requirements.
General corporate purposes
Price Band
Issue Size
Min Investment
Lot Size
P/E Ratio
Issue Opens
25 Sept 2025
Issue Closes
29 Sept 2025
Allotment
29 Sept 2025
Listing
2 Oct 2025
Issue Type | BB |
Face Value | ₹10 |
Lead Managers | Dam Capital Advisors Ltd. SBI Capital Markets Ltd. |
Min Quantity | 30 |
Max Quantity | 1,008 |
Company Promoters | Vijaykumar Murugesh Nirani Vishal Nirani Sushmitha Vijaykumar Nirani |
Website | |
Phone | 080 2325 5000 |
Address | Trualt Bioenergy Ltd. |