True Colors IPO Subscription Details

Bookbuilding IPO | ₹128 Cr | Listed at BSE SME | Tue, Sep 23, 2025 - Thu, Sep 25, 2025

Basis of Allotment - True Colors IPO

Category QIB NII Retail Total
Ex. Anchor Anchor Investor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (No. of shares)12,70,80019,05,60031,76,4003,19,2006,38,4009,57,60022,29,60063,63,600
Allotment price (Rs.)191191191191191191191191
No.of applications5324776,9626,12613,08882,00895,173
No.of shares applied5,50,96,80030,19,2005,81,16,0001,33,98,6003,51,61,8004,85,60,4009,84,09,60020,50,86,000
Amount collected (Rs.cr.)1,052.35 57.67 1,110.02 255.91 671.59 927.50 1,879.62 3,917.14
No.of times subscribed43.361.5818.3041.9855.0850.7144.1432.23
No.of shares allotted12,70,80019,05,60031,76,4003,19,2006,38,4009,57,60022,29,60063,63,600
Amount (Rs.cr.)24.27 36.40 60.67 6.10 12.19 18.29 42.59 121.54
No.of allottees5224761773545311,8582,465

IPO Shares Offered

True Colors IPO is a public issue of 0.64 Cr equity shares. The issue offers 0.22 Cr shares to retail investors, 0.32 Cr shares to qualified institutional buyers, and 0.10 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
Market Maker3,36,0006.42 5.02%
QIB 31,76,40060.67 47.41%
    Anchor 19,05,600 36.40 28.44%
    QIB (Ex Anchor) 12,70,800 24.27 18.97%
NII* 9,57,60018.29 14.29%
    bNII (> ₹10L)6,38,40012.19 9.53%
    sNII (< ₹10L)3,19,2006.10 4.76%
Retail22,29,60042.59 33.28%
Total66,99,600127.96 100%

True Colors IPO Anchor Investor Allocation

A total of 19,05,600 shares at a price of Rs 191 per share will be allotted to the anchor investors.

Anchor investors bid opening dateSep 22, 2025
Anchor investor price₹191.00
Anchor investors as % of QIBs59.99%
No. of shares locked-in for 30 days9,52,800
No. of shares locked-in for 90 days9,52,800
S.No.Anchor InvestorGroup EntityNo. of Shares AllottedAmount (Rs.cr.)% Allotment within Anchor Investor Portion% Allotment of Issue
1 SANTOSH INDUSTRIES LTD. SANTOSH INDUSTRIES 1,57,200 3.00 8.25 2.35
2 HDFC BANK LTD. HDFC BANK 52,800 1.01 2.77 0.79
3 NEO ALTERNATIVES INVESTMENT TRUST-NEO DYNAMIC STRATEGY FUND NEO 52,800 1.01 2.77 0.79
4 NIVESHAAY HEDGEHOGS FUND NIVESHAAY 2,61,600 5.00 13.73 3.90
5 FINAVENUE CAPITAL TRUST-FINAVENUE GROWTH FUND FINAVENUE 1,05,000 2.01 5.51 1.57
6 NINE ALPS TRUST-NINE ALPS OPPORTUNITY FUND NINE ALPS 52,800 1.01 2.77 0.79
7 VIRA AIF TRUST-VIRA BHARAT OPPORTUNITIES FUND VIRA 52,800 1.01 2.77 0.79
8 INNOVATIVE VISION FUND INNOVATIVE VISION 66,000 1.26 3.46 0.99
9 SB OPPORTUNITIES FUND II SB OPPORTUNITIES FUND 52,800 1.01 2.77 0.79
10 RESONANCE OPPORTUNITIES FUND RESONANCE OPPORTUNITIES 78,600 1.50 4.12 1.17
11 CCV EMERGING OPPORTUNITIES FUND I CCV 1,05,000 2.01 5.51 1.57
12 GOLDEN EQUITY FUND SERIES I GOLDEN EQUITY 52,800 1.01 2.77 0.79
13 VISIONARY VALUE FUND VISIONARY VALUE FUND 52,800 1.01 2.77 0.79
14 UNICORN FUND UNICORN 52,800 1.01 2.77 0.79
15 NEXUS EQUITY GROWTH FUND-NEXUS EQUITY GROWTH FUND SCHEME-I NEXUS 1,05,000 2.01 5.51 1.57
16 FIVEX CAPITAL VCC-FIVEX EMERGING STAR FUND FIVEX CAPITAL 52,800 1.01 2.77 0.79
17 Krushnam Nexus Capital Trust-Krushnam Nexus Capital Scheme 1 KRUSHNAM NEXUS 52,800 1.01 2.77 0.79
18 CRAFT EMERGING MARKET FUND PCC-CITADEL CAPITAL FUND CRAFT EMERGING MARKET FUND PCC 52,800 1.01 2.77 0.79
19 SHINE STAR BUILD-CAP PVT.LTD. SHINE STAR 1,30,200 2.49 6.83 1.94
20 SWYOM INDIA ALPHA FUND SWYOM 52,800 1.01 2.77 0.79
21 PINE OAK GLOBAL FUND PINE OAK 1,05,000 2.01 5.51 1.57
22 RMS GROWTH FUND SCHEME I RMS 52,800 1.01 2.77 0.79
23 VIKASA INDIA EIF I FUND-INCUBE GLOBAL OPPORTUNITIES VIKASA 52,800 1.01 2.77 0.79
24 LRSD SECURITIES PVT.LTD. LRSD SECURITIES 52,800 1.01 2.77 0.79
19,05,60036.4010028.44

IPO Subscription FAQs

The True Colors IPO is subscribed 45.46 times by Sep 25, 2025 17:04.

True Colors IPO Subscription

Investor Category Subscription (times)
Qualified Institutional43.41
Non Institutional50.58
Retail Individual44.42
Total Subscription45.46

Retail category of True Colors IPO subscribed 44.42 times as of date Sep 25, 2025 17:04. The public issue closes on Thu, Sep 25, 2025 for bidding.

An investor can apply in True Colors IPO online via bank (using ASBA) or the broker (using UPI). The True Colors IPO shares are offered online only.

The True Colors IPO is subscribed 45.46 times by Sep 25, 2025 17:04.

The True Colors IPO allotment status is expected on or around Friday, September 26, 2025. Visit True Colors IPO allotment status to check.

The True Colors IPO listing date is September 30, 2025. The equity share of True Colors IPO will list on BSE SME.

Visit True Colors IPO subscription status page for real-time bidding information about True Colors IPO.

True Colors IPO Timetable

IPO opens OnTuesday, September 23, 2025
IPO Closes OnThursday, September 25, 2025
Finalisation of Basis of AllotmentFriday, September 26, 2025
Initiation of RefundsMonday, September 29, 2025
Credit of Shares to Demat AccountMonday, September 29, 2025
IPO Listing DateTuesday, September 30, 2025
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