IPO - Check IPO Date, Price, Lot Size

True Colors Ltd IPO

Our Company is engaged in the business of import and distribution of digital textile printers and manufacturing and supplying of products related to digital textile printing industry. Our business model includes manufacturing as well as trading that covers the following three key pillars in the digital textile printing industry.

True Colors Ltd IPO Details

Total Shares Offered

₹ 66,99,600

Offer to Public

10,00,000

Retail Max (Shares)

₹ 22,29,600

Pre Issue Promoters Holding

₹ 1,79,81,048

Exchange

BSE

Issue size

₹ 127.96 Cr

IPO Open Date

Sep 23, 2025

Close Date

Sep 25, 2025

Lot Size

1200

Min Investment

₹ 2,17,200

Issue Type

Book Building - SME

Listing Date

Sep 30, 2025

True Colors Ltd IPO Dates

Sep 23, 2025

Opening date

Sep 25, 2025

Closing date

Sep 26, 2025

Basis of Allotment

Sep 29, 2025

Initiation of Refunds

Sep 29, 2025

Credit of Shares

Sep 30, 2025

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	17.37x	3176400	55163400
NII	50.93x	957600	48772800
Retail	44.46x	2229600	99121200
Employee	0x	0	0
Total	30.31x	6699600	203057400

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

17.37x

50.93x

44.46x

30.31x

3176400

957600

2229600

6699600

55163400

48772800

99121200

203057400

True Colors Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	36.49	12.66	5.47
EBITDA	39.92	13.84	5.48
PAT	24.69	8.25	3.92
Total Assets	105.82	61.22	34.58
Share Capital	18.96	0.47	0.47
Total Borrowings	53.56	51.12	26.51
Operating Activities (Net Cash)	28.12	9.43	3.93
Investing Activities (Net Cash)	-0.77	0.00	-1.19
Financing Activities (Net Cash)	53.56	51.12	26.51
Net Cashflow	7.26	5.05	0.57

About True Colors Ltd

Our Company was incorporated on Ninth day of October Two thousand twenty-one as True Colors Private Limited', a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation issued by the Registrar of Companies, Central Registration Centre. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an extraordinary general meeting held on February 28, 2025 and consequently the name of our Company was changed to True Colors Limited and a fresh certificate of incorporation dated March 10, 2025 was issued by the Registrar of Companies, Central Processing Centre.

The digital textile printing market is experiencing robust growth globally, with India being a key player in the Asia-Pacific region. The Indian digital printing market is expected to grow at a substantial CAGR of 13% between 2023 and 2033, fueled by the robust performance of the textile sector and the presence of well-established textile mill clusters in the region. India has over 1,000 digital fabric printing services in operation, with expectations of a considerable increase during the forecast period. The adoption of dye-sublimation digital printing on polyester fabric, with its high printing speeds of 15,000 to 20,000 sq/m per day, is a significant driver for market expansion. Factors such as cost-effectiveness, durability and rapid printing speeds position digital textile printing as a prominent player in India's dynamic textile industry over the next decade.

Peer Comparison:

No Listed Industry Peers

True Colors Ltd Key Points

Strengths

Experienced Promoters having deep domain knowledge to scale up the business.

In house manufacturing capabilities.

Management team with an established track record.

Established track record of successfully completed orders.

Efficient operational team.

Risk

We do not have long-term agreements with a majority of our customers. Any changes or cancellations to our orders or our inability to forecast demand for our products may adversely affect our business, results of operations and financial condition.

Increases in the prices of raw materials required for our operations could adversely affect our business and results of operations.

We derive majority of our revenue from trading of Ink and digital printing machine business unit and any reduction in the demand of such segment could have an adverse effect on our business, results of operations and financial conditions.

Strategy

Expanding Market Reach through new geographies and customer segments.

Enhancing Operational Efficiency and Cost Optimization.

Deepen engagements within existing client base.

Building a Strong and Scalable Organization.

Effective Working Capital Management and Debt Repayment.

How To Apply for True Colors Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the True Colors Ltd IPO?

True Colors Ltd's IPO offers shares for up to 108.86 It begins on Sep 23, 2025 and ends on Sep 25, 2025.

What is the price of the True Colors Ltd IPO?

The price of True Colors Ltd IPO ranges between ₹181 to ₹191 per share.

What are the open and close dates for the True Colors Ltd IPO?

The True Colors Ltd IPO opens on Sep 23, 2025 and closes on Sep 25, 2025.

When will the True Colors Ltd IPO be allotted?

The allotment for the True Colors Ltd IPO will be finalised on Sep 26, 2025. The shares will be listed on BSE and NSE on Sep 30, 2025.

What is the minimum lot size required for True Colors Ltd IPO?

The minimum lot size for True Colors Ltd IPO is 1200 shares, priced between ₹181 to ₹191 per share.

What is the GMP of True Colors Ltd IPO?

The GMP (Grey Market Premium) of True Colors Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of True Colors Ltd IPO?

To check the allotment status of True Colors Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the True Colors Ltd IPO getting listed?

The True Colors Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 23, 2025, and closes on Sep 25, 2025. The allotment is finalised on Sep 26, 2025.

How do you apply for the True Colors Ltd IPO?

To apply for the True Colors Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.