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True Colors Ltd. IPO is a Book Build Issue of 0.67 crore equity shares consisting of a fresh issue of upto 0.57 crore equity shares and an offer for sale (OFS) of upto 0.10 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to True Colors IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | [.] to [.] per share |
| Lot Size | |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 67,00,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 57,00,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,89,55,000 shares |
| Share Holding Post Issue | 2,46,55,000 shares |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Offer |
| Retail Shares Offered | Not more than 35.00% of the Net Offer |
| NII Shares Offered | Not more than 15.00% of the Net Offer |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sat, Apr 26, 2025 |
| Under Process | Wed, May 14, 2025 |
| Offer document withdrawn | Mon, Jul 7, 2025 |
| Filed with SEBI/Exchange | Sun, Jul 13, 2025 |
| SEBI/Exchange approval received | Wed, Aug 13, 2025 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 154.97 | 105.91 | 45.53 |
| Total Income | 234.05 | 160.91 | 80.94 |
| Profit After Tax | 24.69 | 8.25 | 3.92 |
| EBITDA | 40.91 | 14.50 | 5.67 |
| Net Worth | 55.45 | 14.61 | 6.37 |
| Reserves and Surplus | 36.50 | 14.14 | 5.90 |
| Total Borrowing | 47.51 | 56.56 | 20.04 |
| Amount in ₹ Crore | |||
| KPI | Values |
|---|---|
| ROE | 70.49% |
| ROCE | 35.94% |
| Debt/Equity | 0.86 |
| RoNW | 44.53% |
| PAT Margin | 5.15% |
| EBITDA Margin | 17.48% |
The Company True Colors IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the company | 48.90 |
| 2 | Repayment/prepayment of all or certain of our borrowings availed of by the Company | 40.40 |
| 3 | General corporate purposes |
True Colors Ltd.
P-8, GR Flr to 3rd Flr
Somakanjiini
Wadi Patel Line Khatodara,
Surat, Gujarat, 395002
Phone: +91 7069169145
Email: cs@truecolorsgroup.com
Website: https://truecolorsgroup.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
True Colors IPO is a SME IPO of 67,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is .
The True Colors IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in True Colors IPO using UPI as a payment gateway. Zerodha customers can apply in True Colors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in True Colors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The True Colors IPO dates are not announced. Please check back again after some time.
True Colors IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in True Colors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for True Colors IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the True Colors IPO allotment status.
The True Colors IPO listing date is not yet announced. The tentative date of True Colors IPO listing is [.].
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