25 Sep 2025 | 5 Mins Read
TruAlt Bioenergy IPO to boost or bust investors' long-term returns
Flipitmoney
TruAlt Bioenergy plans to raise ₹939 crore in an IPO. The company, with a 3.6% share of India's ethanol production, aims to expand its operational capacity to 2,000 KLPD. Its FY25 revenue more than doubled to ₹1,908 crore, and net profit rose to ₹146.6 crore. The IPO valuation is at a trailing P/E multiple of 29. Anchor investors collected ₹252 crore, with Tata MF and HDFC MF among key investors.