Kalpataru IPO vs Trualt Bioenergy IPO

Comparison between Kalpataru IPO and Trualt Bioenergy IPO.

IPO Details

Kalpataru IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Trualt Bioenergy IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Kalpataru IPO is up to ₹1,590.00 Cr whereas the issue size of the Trualt Bioenergy IPO is up to ₹839.28 Cr. The final issue price of Kalpataru IPO is ₹414.00 per share and of Trualt Bioenergy IPO is ₹496.00 per share.

 Kalpataru IPOTrualt Bioenergy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹387.00 per share₹472.00 per share
Issue Price (Upper)₹414.00 per share₹496.00 per share
Issue Price (Final)₹414.00 per share₹496.00 per share
Discount (Retail)
Discount (Employee)₹38.00 per share
Market Lot Size36 shares30 shares
Fresh Issue Size3,84,24,456 shares1,51,20,967 shares
Fresh Issue Size (Amount)up to ₹1,590.00 Crup to ₹750.00 Cr
OFS Issue Size0 shares18,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹89.28 Cr
Issue Size Total3,84,24,456 shares1,69,20,967 shares
Issue Size Total (Amount)up to ₹1,590.00 Crup to ₹839.28 Cr

IPO Timetable

Kalpataru IPO opens on Jun 24, 2025, while Trualt Bioenergy IPO opens on Sep 25, 2025. The closing date of Kalpataru IPO and Trualt Bioenergy IPO is Jun 26, 2025, and Sep 29, 2025, respectively.

 Kalpataru IPOTrualt Bioenergy IPO
Anchor Bid DateJun 23, 2025Sep 24, 2025
Issue OpenJun 24, 2025Sep 25, 2025
Issue CloseJun 26, 2025Sep 29, 2025
Basis Of Allotment (Tentative)Jun 27, 2025Sep 30, 2025
Initiation of Refunds (Tentative)Jun 30, 2025Oct 01, 2025
Credit of Share (Tentative)Jun 30, 2025Oct 01, 2025
Listing date (Tentative)Jul 01, 2025Oct 03, 2025
Anchor Lockin End date 1Jul 26, 2025Oct 29, 2025
Anchor Lockin End date 2Sep 24, 2025Dec 28, 2025

Financials & KPIs

Kalpataru IPO P/E ratio is -59.52, as compared to Trualt Bioenergy IPO P/E ratio of 23.89.

 Kalpataru IPOTrualt Bioenergy IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets15,562.3513,879.4312,540.7713,410.57
Total Income1,699.492,029.943,716.611,248.55
Profit After Tax5.51-116.51-229.43-125.36
EBITDA101.67-78.01-49.67-35.98
NET Worth1,579.541,028.231,221.891,429.01
Total Borrowing11,056.4010,688.319,679.6410,365.97
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Trualt Bioenergy Ltd.'s revenue increased by 54% and profit after tax (PAT) rose by 361% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 2024
Assets3,029.732,419.08
Total Income1,968.531,280.19
Profit After Tax146.6431.81
EBITDA309.14188.09
NET Worth769.00264.61
Total Borrowing1,549.681,684.68
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10088.2
Promoter Shareholding (Post-Issue)81.370.55
P/E Ratio-59.5223.89
Market Cap₹8524.07 Cr.₹4253.33 Cr.
ROE28.27%
ROCE10.88%
Debt/Equity2.02
EPS₹-6.96₹20.76
RoNW-10.1519.07%

Shares Offered

In the Kalpataru IPO Retail Individual Investors (RII) are offered 38,02,173 shares while in Trualt Bioenergy IPO retail investors are offered 38,02,173 shares. Qualified Institutional Buyers (QIB) are offered 1,14,06,523 shares in Kalpataru IPO and 33,84,193 shares in Trualt Bioenergy IPO.

 Kalpataru IPOTrualt Bioenergy IPO
Anchor Investor Reservation1,71,09,783 shares50,76,289 shares
Market Maker Reservation0 shares0 shares
QIB1,14,06,523 shares33,84,193 shares
NII57,03,260 shares25,38,146 shares
RII38,02,173 shares59,22,339 shares
Employee4,22,872 shares0 shares
Others
Total3,84,44,611 shares1,69,20,967 shares

Bids Received (Subscription)

Kalpataru IPO subscribed 2.31x in total, whereas Trualt Bioenergy IPO subscribed 75.02x.

 Kalpataru IPOTrualt Bioenergy IPO
QIB (times)3.12x165.16x
NII (times)1.40x103.04x
Big NII (times)1.48x118.62x
Small NII (times)0.80x71.87x
RII (times)1.43x11.50x
Employee (times)0.76x
Other (times)
Total (times)2.31x75.02x

Compare with others

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Kalpataru IPO Vs Trualt Bioenergy IPO