IPO Issue Details
Issue Price / Price Band₹191 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size66,99,600 shares (aggregating up to ₹127.96 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 23 Sep 2025
Subscription CloseThu, 25 Sep 2025
Anchor AllotmentMon, 22 Sep 2025
Basis of AllotmentFri, 26 Sep 2025
Initiation of RefundsMon, 29 Sep 2025
Credit of Shares to DematMon, 29 Sep 2025
Listing DateTue, 30 Sep 2025
UPI Mandate Deadline2025-09-25
Application & Investment Details
Retail — Min (2 Lots)229200 — 1200 shares
Retail — Max (13 Lots)₹1,489,800 (13 Lots)
HNI — Min (3 Lots)343800 — 1800 shares
EPS (Pre-IPO)₹13.03
EPS (Post-IPO)₹10.02
P/E Ratio (Pre-IPO)14.66x
P/E Ratio (Post-IPO)19.07x
Net Offer to Public53,63,600 shares (aggregating up to ₹102.44 Cr)
Reserved for Market Maker3,36,000 shares (aggregating up to ₹6.42 Cr)
Pre-IPO Promoter Holding1,89,55,000 shares
Post-IPO Promoter Holding2,46,54,600 shares
Fresh Issue Shares63,63,600 shares (aggregating up to ₹121.54 Cr)
Offer for Sale Shares10,00,000 shares of ₹10 (aggregating up to ₹19.10 Cr)
About True Colors Ltd.
Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry.They offer digital textile printing solutions, including machines, inks, and services, targeting businesses like exporters, manufacturers, designers, and entrepreneurs.The company emphasises trust, technology, and transformation, aiming to help these businesses modernise and grow.The company's business model encompasses manufacturing and trading, with three key pillars in digital textile printing:Machinery & Ink Supply (Import & Distribution): Imports and distributes high-quality wide format digital textile printers from brands like KONICA MINOLTA, HOPETECH, ITTEN, PENGDA, and SKYJET.Sublimation Inks: The sublimation inks are formulated for polyester fabrics and designed for transfer printing.Reactive Inks: The reactive inks offer deep colour saturation, fixation, and fastness for direct printing on natural fibres such as cotton, viscose, and silk.Disperse Inks: Engineered for direct-to-fabric printing on polyester materials.Digital Textile Printing: Offers digital textile printing for customers outsourcing needs, while expanding to printed fabric supply.The company has established a presence across India through regional offices and service hubs in key textile manufacturing centers like Surat, Amritsar, Panipat, Ludhiana, Delhi, Erode, Mumbai, Tirupur, Kolkata, and Varanasi.Competitive StrengthFull-Fledged Digital Textile Ecosystem.Nationwide Presence and Rapid Service Support.Reliable Customer Engagement and Recurring Revenue.Advanced Manufacturing Facility and Supply Chain Control.Experienced Leadership supported by Professional Management.
Objects of the Issue
True Colors Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding working capital requirements of the company
48.90
2
Repayment/prepayment of all or certain of our borrowings availed of by the Company
40.40
3
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,89,55,000 shares
Post-IPO Promoter Holding
2,46,54,600 shares