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True Colors Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹191
Per Share
GMP
NIL
Grey Market
Est. Listing
₹191
Expected Price
Min. Application
₹229,200
2 lots × 600 shares
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
Check AllotmentCheck Status →
True Colors Ltd. — Live Price LIVE
₹191.00
INR · BSE
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Issue ₹191.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹191
GMPNIL
Est. Listing₹191
Lot Size600 shares
Min Amount₹229,200
Listing Date30 Sep 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹191
Listing Date30 Sep 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 336,000 ₹6.42 Cr
TOTAL 6,699,600 100.00% ₹127.96 Cr
* Based on ₹191.00 (upper price band)
Lot Size & Investment Details
Lot Size
600
Shares
Issue Price
₹191.00
Per Share
Min Investment
₹114,600
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 600 ₹114,600
Retail (Max) 13 7,800 ₹1,489,800
sNII (Min) 14 8,400 ₹1,604,400
bNII (Min) 68 40,800 ₹7,792,800
Company Financials — Restated Consolidated (Amount in ₹ Crores)
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 234.05 160.91 80.94
EBITDA 40.91 14.50 5.67
Profit After Tax (PAT) 24.69 8.25 3.92
Net Worth 55.45 14.61 6.37
Total Assets 154.97 105.91 45.53
Reserves & Surplus 36.50 14.14 5.90
Total Borrowings 47.51 56.56 20.04
Key Ratios & Valuation
Issue Price ₹191
Face Value ₹10 Per Share
P/BV 6.53
RoE 70.49%
RoCE 35.94%
RoNW 44.53%
PAT Margin (%) 5.15%
EBITDA Margin (%) 17.48%
Debt / Equity 0.86
Company Details
Company
True Colors Ltd.
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
P-8, GR Flr to 3rd Flr Somakanjiini Wadi Patel Line Khatodara, Surat, Gujarat, 395002
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd.
Book Running Lead Manager (BRLM)