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True Colors Ltd IPO
BSE SME Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹191
Issue Price
₹191
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹191
GMP based
Lot Size
600
shares / lot
Min Amount
₹114,600
1 lot · 600 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
23 Sep 2025
Tue Completed
Done
Close Date
25 Sep 2025
Thu Completed
Done
Allotment
26 Sep 2025
Fri Completed
Done
Refund
29 Sep 2025
Mon Completed
Done
Demat Credit
29 Sep 2025
Mon Completed
Done
Listing Date
30 Sep 2025
Tue Completed
UPI Deadline: 25 Sep 2025
Issue Details
Pricing & Size
Issue Price
₹191 Face ₹10
Lot Size
600 shares
Min Investment
₹114,600
Total Issue Size
66,99,600 shares (aggregating up to ₹127.96 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
3,36,000 (5.02%)
QIB Portion
31,76,400 (47.41%)
NII / HNI
9,57,600 (14.29%)
Retail
22,29,600 (33.28%)
Employee
-
Net Offer to Public
63,63,600 shares (aggregating up to ₹121.54 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,89,55,000 shares
Post-Issue Shareholding
2,46,54,600 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 1200 ₹2,29,200
HNI / NII 3 1,800 ₹3,43,800
Objects of Issue
3 objectives
1
Funding working capital requirements of the company
48.90 Cr
2
Repayment/prepayment of all or certain of our borrowings availed of by the Company
40.40 Cr
3
General corporate purposes
Lead Managers & Market Maker
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd
Market Maker
Giriraj Stock Broking Pvt.Ltd
IPO Timeline
Open
23 Sep
✓ Done
Close
25 Sep
✓ Done
Allotment
26 Sep
✓ Done
Listing
30 Sep
✓ Done
Registrar Details
Bigshare Services Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-6263 8200
Email
ipo@bigshareonline.com
Company Contact
Email
cs@truecolorsgroup.com
Phone
+91 7069169145
Address
P-8, GR Flr to 3rd Flr Somakanjiini Wadi Patel Line Khatodara, Surat, Gujarat, 395002
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹191
Est. Listing
₹191
Lot Size
600 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
True Colors Ltd LIVE
INR ·
vs Issue
Open
High
Low
Mkt Cap
P/E
52W H
52W L
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| Price
Market Reference
IPO Issue Price
₹191
GMP
+₹0 (+0%)
GMP Est. Listing
₹191
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 31,76,400 (47.41%) ₹6,066.92 Cr
NII / HNI (Total) 9,57,600 (14.29%) ₹1,829.02 Cr
Retail Investors 22,29,600 (33.28%) ₹4,258.54 Cr
Total ** 66,99,600 (100.00%) ₹127,962.36 Cr
Market Maker * 3,36,000 (5.02%) ₹64.18 Cr
* Based on ₹191.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
31,76,400 (47.41%)
NII
9,57,600 (14.29%)
Retail
22,29,600 (33.28%)
Market Maker
3,36,000 (5.02%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric31 Mar 202531 Mar 202431 Mar 2023
Revenue234.05160.9180.94
PAT24.698.253.92
EBITDA40.9114.505.67
Net Worth55.4514.616.37
Total Assets154.97105.9145.53
Reserves36.5014.145.90
Borrowings47.5156.5620.04
Key Financial Ratios
70.49%
ROE
Return on Equity
35.94%
ROCE
Return on Capital Employed
44.53%
RONW
Return on Net Worth
5.15%
PAT Margin
PAT / Revenue
17.48%
EBITDA Mgn
EBITDA / Revenue
0.86
D/E Ratio
Debt to Equity
6.53
P/BV
Price to Book Value
13.03
Pre EPS
EPS Pre-Issue
10.02
Post EPS
EPS Post-Issue
14.66
Pre P/E
P/E Pre-Issue
19.07
Post P/E
P/E Post-Issue
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 Strength

  • Full-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.
Frequently Asked Questions
What is the issue price of True Colors Ltd IPO?
The issue price of True Colors Ltd IPO is ₹191 per share, face value ₹10.
What is the lot size?
Minimum lot size is 600 shares, requiring ₹114,600.
What are the IPO dates?
Opens 23 Sep 2025, closes 25 Sep 2025.
When is the listing date?
Tentative listing: 30 Sep 2025 on BSE SME.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹191 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

True Colors Ltd IPO · Expected 26 Sep 2025

Check on Registrar
Post-IPO Timeline
Allotment Date
26 Sep 2025
Refund Initiation
29 Sep 2025
Demat Credit
29 Sep 2025
Listing Date
30 Sep 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹191
Face ₹10
Lot Size
600
shares / lot
Min Amount
₹114,600
1 lot
Est. Listing
₹191
GMP +₹0
Key Dates
Open
23 Sep Done
Close
25 Sep Done
Listing
30 Sep Done
Registrar
Bigshare Services Pvt.Ltd
A
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