Shares of Bengaluru-based TruAlt Bioenergy Ltd, a biofuels producer, experienced a decline after a strong market debut, opening at an 11% premium. The stock commenced trading at ₹550 on the Bombay Stock Exchange (BSE), representing a gain of 10.88% compared to the issue price of ₹496. On the National Stock Exchange (NSE), it started at ₹545.40, up 9.95%.
During the trading session, the stock fluctuated between ₹512.55 and ₹550. At 11:30 AM, it was priced at ₹530.70 on the NSE and ₹530.30 on the BSE. Following the initial performance, Shivani Nyati, Head of Wealth at Swastika Investmart, advised investors to consider booking partial profits and to hold half of their shares, suggesting a stop loss at ₹520.
TruAlt Bioenergy is focused on the production of biofuels, renewable energy solutions, and sustainable energy infrastructure. This aligns with India’s increasing emphasis on green energy initiatives and net-zero targets. The company operates within a fast-growing, government-supported sector that is experiencing heightened demand for clean energy alternatives.
The company’s initial public offering (IPO) raised ₹839.28 crores and saw significant interest, with a subscription rate of 71.92 times on its closing day. The price band was set between ₹472 and ₹496 per share. The IPO consisted of a fresh issue of shares valued at ₹750 crores and an offer-for-sale (OFS) of 1.8 million shares by the promoters, amounting to ₹89.28 crores at the upper range. Proceeds from the IPO are intended for establishing multi-feed stock operations, repaying debt, and covering general corporate expenses.
Published on October 3, 2025.
