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Krupalu Metals IPO vs True Colors IPO

Comparison between Krupalu Metals IPO and True Colors IPO.

IPO Details

Krupalu Metals IPO is a SME Bookbuilding IPO proposed to list at BSE SME while True Colors IPO is a SME Bookbuilding proposed to list at BSE SME.

 Krupalu Metals IPOTrue Colors IPO
LogoKrupalu Metals IPO LogoTrue Colors IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAnant Securities
DRHPDRHP DRHP
RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Krupalu Metals IPO is up to ₹12.80 Cr whereas the issue size of the True Colors IPO is up to ₹0.00 Cr. The final issue price of Krupalu Metals IPO is ₹72.00 per share and of True Colors IPO is .

 Krupalu Metals IPOTrue Colors IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1600 shares
Fresh Issue Size17,77,600 shares57,00,000 shares
Fresh Issue Size (Amount)up to ₹12.80 Crup to ₹0.00 Cr
OFS Issue Size0 shares10,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,77,600 shares67,00,000 shares
Issue Size Total (Amount)up to ₹12.80 Crup to ₹0.00 Cr

IPO Timetable

Krupalu Metals IPO opens on Sep 08, 2025, while True Colors IPO opens on . The closing date of Krupalu Metals IPO and True Colors IPO is Sep 11, 2025, and , respectively.

 Krupalu Metals IPOTrue Colors IPO
Anchor Bid Date
Issue OpenSep 08, 2025
Issue CloseSep 11, 2025
Basis Of Allotment (Tentative)Sep 12, 2025
Initiation of Refunds (Tentative)Sep 15, 2025
Credit of Share (Tentative)Sep 15, 2025
Listing date (Tentative)Sep 16, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Krupalu Metals IPO P/E ratio is 13.39, as compared to True Colors IPO P/E ratio of .

 Krupalu Metals IPOTrue Colors IPO
FinancialsEBITDA

True Colors Ltd. Financial Information (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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets154.97105.9145.53
Total Income234.05160.9180.94
Profit After Tax24.698.253.92
EBITDA40.9114.505.67
Net Worth55.4514.616.37
Reserves and Surplus36.5014.145.90
Total Borrowing47.5156.5620.04
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0094.99
Promoter Shareholding (Post-Issue)68.12
P/E Ratio13.39
Market Cap₹42.28 Cr.
ROE70.49%
ROCE48.45%35.94%
Debt/Equity1.370.86
EPS₹5.38
RoNW35.12%44.53%

Shares Offered

In the Krupalu Metals IPO Retail Individual Investors (RII) are offered 8,89,600 shares while in True Colors IPO retail investors are offered 8,89,600 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Krupalu Metals IPO and 0 shares in True Colors IPO.

 Krupalu Metals IPOTrue Colors IPO
Anchor Investor Reserveration0 shares0 shares
Market Maker Reserveration94,400 shares0 shares
QIB0 shares0 shares
NII8,88,000 shares0 shares
RII8,89,600 shares0 shares
Employee0 shares0 shares
Others
Total17,77,600 shares0 shares

Bids Received (Subscription)

Krupalu Metals IPO subscribed 2.96x in total, whereas True Colors IPO subscribed .

 Krupalu Metals IPOTrue Colors IPO
QIB (times)
NII (times)6.45x
Big NII (times)
Small NII (times)
RII (times)1.85x
Employee (times)
Other (times)
Total (times)2.96x