Comparison between Shakti Polytarp IPO and True Colors IPO.
Shakti Polytarp 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.
| Shakti Polytarp 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 | NEXGEN Financial Solutions Pvt. Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Shakti Polytarp IPO is up to ₹0.00 Cr whereas the issue size of the True Colors IPO is up to ₹121.54 Cr. The final issue price of Shakti Polytarp IPO is and of True Colors IPO is ₹191.00 per share.
| Shakti Polytarp IPO | True Colors IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹181.00 per share | |
| Issue Price (Upper) | ₹191.00 per share | |
| Issue Price (Final) | ₹191.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | |
| Fresh Issue Size | 51,15,000 shares | 53,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 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 | 51,15,000 shares | 63,63,600 shares |
| Issue Size Total (Amount) | up to ₹0.00 Cr | up to ₹121.54 Cr |
Shakti Polytarp IPO opens on , while True Colors IPO opens on Sep 23, 2025. The closing date of Shakti Polytarp IPO and True Colors IPO is , and Sep 25, 2025, respectively.
| Shakti Polytarp IPO | True Colors IPO | |
|---|---|---|
| Anchor Bid Date | Sep 22, 2025 | |
| Issue Open | Sep 23, 2025 | |
| Issue Close | Sep 25, 2025 | |
| Basis Of Allotment (Tentative) | Sep 26, 2025 | |
| Initiation of Refunds (Tentative) | Sep 29, 2025 | |
| Credit of Share (Tentative) | Sep 29, 2025 | |
| Listing date (Tentative) | Sep 30, 2025 | |
| Anchor Lockin End date 1 | Oct 25, 2025 | |
| Anchor Lockin End date 2 | Dec 24, 2025 |
Shakti Polytarp IPO P/E ratio is , as compared to True Colors IPO P/E ratio of 14.66.
| Shakti Polytarp IPO | True Colors IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Shakti Polytarp Ltd.'s revenue increased by 168% and profit after tax (PAT) rose by 406% 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) | 90.9 | 94.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹470.90 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 34.68% | 70.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 14.87% | 35.94% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.70 | 0.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.03 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 34.68% | 44.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Shakti Polytarp IPO Retail Individual Investors (RII) are offered 0 shares while in True Colors IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Shakti Polytarp IPO and 12,70,800 shares in True Colors IPO.
| Shakti Polytarp IPO | True Colors IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 19,05,600 shares |
| Market Maker Reservation | 2,70,000 shares | 3,36,000 shares |
| QIB | 0 shares | 12,70,800 shares |
| NII | 0 shares | 9,57,600 shares |
| RII | 0 shares | 22,29,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 0 shares | 63,63,600 shares |
Shakti Polytarp IPO subscribed in total, whereas True Colors IPO subscribed 45.46x.
| Shakti Polytarp IPO | True Colors IPO | |
|---|---|---|
| QIB (times) | 43.41x | |
| NII (times) | 50.58x | |
| Big NII (times) | 55.05x | |
| Small NII (times) | 41.65x | |
| RII (times) | 44.42x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 45.46x |
