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True Colors Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.191.00
Issue Size:
Rs.127.96 Cr
Lot Size:
600 shares
Open Date:
September 23
True Colors Ltd. IPO Overview
Bidding Dates
September 23 - September 25
Min Investment
₹114,600
Price Range
₹191.00
Issue Size
₹127.96 Cr
IPO DRHP Doc
Company Overview
True Colors Limited, incorporated in October 2021, imports and distributes digital textile printers and supplies for the digital textile printing industry. They provide solutions targeting exporters, manufacturers, designers, and entrepreneurs, focusing on trust, technology, and transformation. The company operates through manufacturing and trading, with a presence across India in key textile manufacturing centers.
IPO Timeline
Opens
Sep 23
Closes
Sep 25
Allotment
Sep 26
Refunds
Sep 29
Shares Credit
Sep 29
Listing
Sep 30
Opens
Sep 23
Closes
Sep 25
Allotment
Sep 26
Refunds
Sep 29
Shares Credit
Sep 29
Listing
Sep 30
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 43.41x | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 50.58x | Oversubscribed |
| RII (Retail Individual Investors) | 44.42x | Oversubscribed |
| Total Subscription | 45.46x | Oversubscribed |
Last updated: Sep 25, 2025, 05:06 PM
Current GMP:
Rs.5
Est. Listing:
Rs.196
Est. Gain:
+2.6%
Star Rating:
★★★★★(0/5)
Financial Information
Financial Data Table
Detailed breakdown of financial metrics across years
| Financial Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Assets | ₹154.97 Cr | ₹105.91 Cr | ₹45.53 Cr |
| EBITDA | ₹40.91 Cr | ₹14.5 Cr | ₹5.67 Cr |
| Net Worth | ₹55.45 Cr | ₹14.61 Cr | ₹6.37 Cr |
| Profit After Tax | ₹24.69 Cr | ₹8.25 Cr | ₹3.92 Cr |
| Reserves and Surplus | ₹36.5 Cr | ₹14.14 Cr | ₹5.9 Cr |
| Total Borrowing | ₹47.51 Cr | ₹56.56 Cr | ₹20.04 Cr |
| Total Income | ₹234.05 Cr | ₹160.91 Cr | ₹80.94 Cr |
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Strengths
Competitive advantages and positive aspects
- Fully integrated business model covering machinery, consumables, manufacturing, and services in digital textile printing
- Established partnerships with globally recognised brands like KONICA MINOLTA, HOPETECH, ITTEN, PENGDA and SKYJET
- In-house sublimation paper manufacturing provides better margins and supply chain control
- Pan-India presence with offices in key textile hubs, including Surat, Amritsar, Panipat, Ludhiana, Delhi, Erode, Mumbai, Tirupur, Kolkata, and Varanasi
IPO Details
True Colors IPO Details
| Face Value | ₹10 per share |
| Fresh Issue (Ex Market Maker) | 53,63,600 shares (aggregating up to ₹102.44 Cr) |
| IPO Date | September 23, 2025 to September 25, 2025 |
| Issue Price Band | ₹181 to ₹191 per share |
| Issue Price Final | ₹191 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | September 30, 2025 |
| Lot Size | 600 Shares |
| Net Offered to Public | 63,63,600 shares (aggregating up to ₹121.54 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹19.10 Cr) |
| Reserved for Market Maker | 3,36,000 shares (aggregating up to ₹6.42 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Share Holding Post Issue | 2,46,54,600 shares |
| Share Holding Pre Issue | 1,89,55,000 shares |
| Total Issue Size | 66,99,600 shares (aggregating up to ₹127.96 Cr) |
True Colors IPO Reservation
Share Reservation Distribution
QIB
3,176,400 shares (47.41%)
Retail
2,229,600 shares (33.28%)
Anchor Investors
1,905,600 shares (28.44%)
QIB (Ex-Anchor)
1,270,800 shares (18.97%)
HNI (NII)
957,600 shares (14.29%)
bNII (>₹10L)
638,400 shares (9.53%)
Market Maker
336,000 shares (5.02%)
sNII (<₹10L)
319,200 shares (4.76%)
True Colors IPO Promoter Holding
| Promoter Holding Post Issue | 68.88% |
| Promoter Holding Pre Issue | 94.87% |
True Colors IPO Listing Details
| BSE Listing Group | MT (Trade to Trade) |
| BSE Script Code | 544531 |
| Final Issue Price | ₹191 per share |
| ISIN | INE1LDV01015 |
| Listing Date | September 30, 2025 |
| NSE Symbol |
Key Dates
Open Date:September 23
Close Date:September 25
Listing Date:September 30
