Comparison between Arunaya Organics IPO and True Colors IPO.
Arunaya Organics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while True Colors IPO is a SME Bookbuilding proposed to list at BSE SME.
| Arunaya Organics IPO | True Colors IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Unistone Capital Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | R.K.Stock Holding Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Arunaya Organics IPO is up to ₹32.27 Cr whereas the issue size of the True Colors IPO is up to ₹121.54 Cr. The final issue price of Arunaya Organics IPO is ₹58.00 per share and of True Colors IPO is ₹191.00 per share.
| Arunaya Organics IPO | True Colors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹55.00 per share | ₹181.00 per share |
| Issue Price (Upper) | ₹58.00 per share | ₹191.00 per share |
| Issue Price (Final) | ₹58.00 per share | ₹191.00 per share |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 600 shares |
| Fresh Issue Size | 49,64,000 shares | 53,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹28.79 Cr | up to ₹102.44 Cr |
| OFS Issue Size | 6,00,000 shares | 10,00,000 shares |
| OFS Issue Size (Amount) | up to ₹3.48 Cr | up to ₹19.10 Cr |
| Issue Size Total | 55,64,000 shares | 63,63,600 shares |
| Issue Size Total (Amount) | up to ₹32.27 Cr | up to ₹121.54 Cr |
Arunaya Organics IPO opens on Apr 29, 2025, while True Colors IPO opens on Sep 23, 2025. The closing date of Arunaya Organics IPO and True Colors IPO is May 02, 2025, and Sep 25, 2025, respectively.
| Arunaya Organics IPO | True Colors IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | |
| Issue Open | Apr 29, 2025 | Sep 23, 2025 |
| Issue Close | May 02, 2025 | Sep 25, 2025 |
| Basis Of Allotment (Tentative) | May 05, 2025 | Sep 26, 2025 |
| Initiation of Refunds (Tentative) | May 06, 2025 | Sep 29, 2025 |
| Credit of Share (Tentative) | May 06, 2025 | Sep 29, 2025 |
| Listing date (Tentative) | May 07, 2025 | Sep 30, 2025 |
| Anchor Lockin End date 1 | Oct 25, 2025 | |
| Anchor Lockin End date 2 | Dec 24, 2025 |
Arunaya Organics IPO P/E ratio is 17.55, as compared to True Colors IPO P/E ratio of 14.66.
| Arunaya Organics IPO | True Colors IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)True Colors Ltd.'s revenue increased by 45% and profit after tax (PAT) rose by 199% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 91.72 | 94.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.79 | 68.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.55 | 14.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹101.72 Cr. | ₹470.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 44.15% | 70.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 55.71% | 35.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.19 | 0.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.30 | ₹13.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 36.27% | 44.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Arunaya Organics IPO Retail Individual Investors (RII) are offered 22,26,000 shares while in True Colors IPO retail investors are offered 22,26,000 shares. Qualified Institutional Buyers (QIB) are offered 11,12,000 shares in Arunaya Organics IPO and 12,70,800 shares in True Colors IPO.
| Arunaya Organics IPO | True Colors IPO | |
|---|---|---|
| Anchor Investor Reservation | 19,05,600 shares | |
| Market Maker Reservation | 2,96,000 shares | 3,36,000 shares |
| QIB | 11,12,000 shares | 12,70,800 shares |
| NII | 22,26,000 shares | 9,57,600 shares |
| RII | 22,26,000 shares | 22,29,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 55,64,000 shares | 63,63,600 shares |
Arunaya Organics IPO subscribed 2.53x in total, whereas True Colors IPO subscribed 45.46x.
| Arunaya Organics IPO | True Colors IPO | |
|---|---|---|
| QIB (times) | 1.01x | 43.41x |
| NII (times) | 1.49x | 50.58x |
| Big NII (times) | 55.05x | |
| Small NII (times) | 41.65x | |
| RII (times) | 4.33x | 44.42x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.53x | 45.46x |
