Comparison between SK Minerals IPO and True Colors IPO.
SK Minerals 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.
| SK Minerals IPO | True Colors IPO | |
|---|---|---|
| Logo |  | |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Khambatta Securities Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Rikhav Securities Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of SK Minerals IPO is up to ₹39.09 Cr whereas the issue size of the True Colors IPO is up to ₹121.54 Cr. The final issue price of SK Minerals IPO is ₹127.00 per share and of True Colors IPO is ₹191.00 per share.
| SK Minerals IPO | True Colors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹120.00 per share | ₹181.00 per share |
| Issue Price (Upper) | ₹127.00 per share | ₹191.00 per share |
| Issue Price (Final) | ₹127.00 per share | ₹191.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 30,78,000 shares | 53,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹39.09 Cr | up to ₹102.44 Cr |
| OFS Issue Size | 0 shares | 10,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹19.10 Cr |
| Issue Size Total | 30,78,000 shares | 63,63,600 shares |
| Issue Size Total (Amount) | up to ₹39.09 Cr | up to ₹121.54 Cr |
SK Minerals IPO opens on Oct 10, 2025, while True Colors IPO opens on Sep 23, 2025. The closing date of SK Minerals IPO and True Colors IPO is Oct 14, 2025, and Sep 25, 2025, respectively.
| SK Minerals IPO | True Colors IPO | |
|---|---|---|
| Anchor Bid Date | Oct 09, 2025 | Sep 22, 2025 |
| Issue Open | Oct 10, 2025 | Sep 23, 2025 |
| Issue Close | Oct 14, 2025 | Sep 25, 2025 |
| Basis Of Allotment (Tentative) | Oct 15, 2025 | Sep 26, 2025 |
| Initiation of Refunds (Tentative) | Oct 16, 2025 | Sep 29, 2025 |
| Credit of Share (Tentative) | Oct 16, 2025 | Sep 29, 2025 |
| Listing date (Tentative) | Oct 17, 2025 | Sep 30, 2025 |
| Anchor Lockin End date 1 | Nov 14, 2025 | Oct 25, 2025 |
| Anchor Lockin End date 2 | Jan 13, 2026 | Dec 24, 2025 |
SK Minerals IPO P/E ratio is 10.45, as compared to True Colors IPO P/E ratio of 14.66.
| SK Minerals IPO | True Colors IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)SK Minerals & Additives Ltd.'s revenue increased by 95% and profit after tax (PAT) rose by 253% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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.
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| Promoter Shareholding (Pre-Issue) | 100 | 94.87 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.53 | 68.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.45 | 14.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹155.45 Cr. | ₹470.90 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.23% | 70.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.88% | 35.94% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.89 | 0.86 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.15 | ₹13.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 46.23% | 44.53% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the SK Minerals IPO Retail Individual Investors (RII) are offered 10,78,000 shares while in True Colors IPO retail investors are offered 10,78,000 shares. Qualified Institutional Buyers (QIB) are offered 6,15,000 shares in SK Minerals IPO and 12,70,800 shares in True Colors IPO.
| SK Minerals IPO | True Colors IPO | |
|---|---|---|
| Anchor Investor Reservation | 9,23,000 shares | 19,05,600 shares |
| Market Maker Reservation | 1,62,000 shares | 3,36,000 shares |
| QIB | 6,15,000 shares | 12,70,800 shares |
| NII | 4,62,000 shares | 9,57,600 shares |
| RII | 10,78,000 shares | 22,29,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 30,78,000 shares | 63,63,600 shares |
SK Minerals IPO subscribed 3.52x in total, whereas True Colors IPO subscribed 45.46x.
| SK Minerals IPO | True Colors IPO | |
|---|---|---|
| QIB (times) | 1.01x | 43.41x |
| NII (times) | 7.15x | 50.58x |
| Big NII (times) | 8.84x | 55.05x |
| Small NII (times) | 3.79x | 41.65x |
| RII (times) | 3.39x | 44.42x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.52x | 45.46x |
