Update on acquisition of Equity Shares in the IPO of Trualt Bioenergy Limited in the QIB Category.
ZSARACOM · price
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Awaiting price reaction for this filing.
Saraswati Commercial (India) Ltd, an NBFC, participated in the IPO of Trualt Bioenergy Limited as a Qualified Institutional Buyer (QIB) at Rs. 496 per share. The company had applied for 18,10,500 shares (worth about Rs. 89.80 crore), but was allotted only 10,447 shares, totaling Rs. 51.82 lakh, representing just 0.01% of the post-issue capital. Trualt Bioenergy, an ethanol and compressed biogas producer with FY25 turnover of Rs. 1,968.53 crore and net worth of Rs. 769 crore, had a total IPO issue size of Rs. 839.28 crore. The allotment was completed on September 30, 2025, and was made purely as a financial investment, not a related party transaction.
This is a minor portfolio investment for Saraswati Commercial, well below the SEBI disclosure threshold, and is unlikely to have any material impact on the stock price. The disclosure is essentially procedural good governance reporting, confirming the completion of a small QIB allocation in Trualt Bioenergy's IPO.