TruAlt Bioenergy Ltd IPO
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TruAlt Bioenergy Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 169.21 L | ₹ 18 L | TBA | ₹ 622.99 L | BSE | ₹ 839.28 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Sep, 25 | 29 Sep, 25 | 30 | ₹ 14,160 | Book Building | 03 Oct, 25 |
TruAlt Bioenergy Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 16920968 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
TruAlt Bioenergy Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1,223.40 | 69.74 | -0.01 |
| EBITDA | 158.87 | 90.49 | -0.01 |
| PAT | 34.61 | 35.46 | -0.01 |
| Total Assets | 647.08 | 474.96 | 0.06 |
| Share Capital | 61.08 | 347.88 | 0.06 |
| Total Borrowings | 1,516.37 | 1,093.45 | 0.00 |
| Operating Activities (Net Cash) | 90.39 | 56.21 | -0.01 |
| Investing Activities (Net Cash) | -174.33 | -9.62 | 0.00 |
| Financing Activities (Net Cash) | 1,516.37 | 1,093.45 | 0.00 |
| Net Cashflow | 17.38 | 4.78 | 0.06 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About TruAlt Bioenergy Ltd
Our Company was originally incorporated as TruAlt Energy Limited as a public limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated on March 31, 2021, by the Registrar of Companies, Karnataka at Bangalore (RoC). The name of our Company was subsequently changed to TruAlt Bioenergy Limited, pursuant to a special resolution passed in the extra-ordinary general meeting of the Shareholders held on June 1, 2022, pursuant to which a fresh certificate of incorporation consequent upon change of name was issued by the RoC.
Ethanol demand in India is expected to grow at a CAGR of 17.7% from 828 crore litres in Fiscal 2023 to 1,350 crore litres by 2026. For CBG, only 97 plants have been commissioned in India as of June 2024, out of the planned 5,000 plants expected to be operational by the end of 2024-2025 under the Sustainable Alternative Towards Affordable Transportation scheme.
We are one of India's largest biofuels producers, having strategically positioned ourselves as a prominent and diversified player in the biofuels industry in India, primarily in the production of Ethanol. We also produce extra neutral alcohol and sell dry ice and liquid carbon-dioxide, being by-products of our production processes. Through our Subsidiary, Leafiniti Bioenergy Private Limited, we produce compressed biogas.
TruAlt Bioenergy Ltd IPO Key Points
Strengths
- Largest installed capacity for production of ethanol in India.
- Assured supply of key raw materials and utilities.
- Scalable and vertically integrated biofuels player.
- Rapid scale up with multiple CBG plants, positioning ourselves among India's leading producers of CBG/Bio-CNG.
- Ethanol to SAF: Towards one of the world's largest facilities.
Risk
- Our business is currently primarily dependent on the sale of ethanol. Any reduction in the sale of ethanol, or our ability to produce and sell ethanol, or in the price at which we are able to sell ethanol, may have an adverse effect on our business, results of operations, cash flows and financial condition.
- Our business is substantially dependent on the policies of the Government of India (GoI). Any change in GoI policies in this regard could have an impact on our revenue, results of operations and financial condition.
- Our Company has a limited operating history, as our Company commenced ethanol production pursuant to business transfer agreements in September 2022. We may be subject to liabilities and other risks arising out of the business transfer agreements, and we may not be able to derive the anticipated benefits from these acquisitions.
Strategy
- Diversify Sources of Ethanol Production.
- Focus on Increasing our CBG Capabilities.
- Commence Production of 2G Ethanol.
- Venture Into Sustainable Aviation Fuel Supply.
- Establish Biofuel Dispensing Stations to Cater to Retail Energy and Flex-fuel Requirements.
- Largest installed capacity for production of ethanol in India.
- Assured supply of key raw materials and utilities.
- Scalable and vertically integrated biofuels player.
- Rapid scale up with multiple CBG plants, positioning ourselves among India's leading producers of CBG/Bio-CNG.
- Ethanol to SAF: Towards one of the world's largest facilities.
How To Apply for TruAlt Bioenergy Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
