Newsletter
TruAlt Bioenergy is gearing up for its much-awaited public debut, and aims to raise ₹1,000 crore via an IPO.
TruAlt is among India’s largest biofuel producers, with a primary focus on ethanol, and is regarded as the country’s biggest ethanol producer by installed capacity.
What’s brewing: the startup noted that the IPO size could still be tweaked in its updated DRHP. TruAlt had already bagged SEBI’s nod back in November 2024, but choppy market conditions and tariff uncertainties forced it to hit pause, leaving the much-anticipated listing on hold for months.
At ₹1,000 crore, TruAlt’s issue will be among the largest biofuel listings in India, signaling the sector’s arrival as a mainstream investment theme.
The big picture: India’s biofuel sector is gaining momentum with IPOs hitting the market. TruAlt Bioenergy plans a ₹1,000 crore issue, while Shubhshree Biofuels’ SME IPO saw strong demand. These listings reflect growing investor appetite as India pushes renewable energy, creating opportunities for biofuel startups in the public markets.
