True Colors Ltd IPO
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True Colors Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 67 L | ₹ 10 L | ₹ 22.3 L | ₹ 179.81 L | BSE | ₹ 127.96 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Sep, 25 | 25 Sep, 25 | 1200 | ₹ 2,17,200 | Book Building - SME | 30 Sep, 25 |
True Colors Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
True Colors Ltd Financial Status
Income Statement
Balance Sheet
| 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 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- No Listed Industry Peers
True Colors Ltd IPO 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.
- 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.
How To Apply for True Colors Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
