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IPO True Colors Ltd

  • Pre Issue Shares

    1,89,55,000

  • No. of Shares Issued

    67,00,000

  • Pre Issue Equity Amt.

    ₹18.96 Cr

  • DP Filling Date

    13 July 2025

True Colors Ltd IPO Timeline

True Colors Limited was incorporated on October 9, 2021 as 'True Colors Private Limited', a private limited company, pursuant to a certificate of incorporation issued by the Registrar of Companies, Central Registration Centre. Subsequently, it was converted into a public limited company on March 10, 2025 and consequently the name of the Company was changed to 'True Colors Limited' by the Central Processing Centre.

True Colors Ltd IPO Details

True Colors Ltd IPO Date-
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Company PromotersAshish Kumar Durlbhbhai Mulani, Sanjay Raghubhai desai, Sagarkumar Bipinbhai Mulani
  • Risks
  • Opportunities
  • 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.

Company Financials

True Colors Ltd Financial Information (Restated)

Period Ended Total AssetsTotal RevenueProfit After Tax
03-2024105.91160.918.25
03-202345.5380.943.92
03-202210.649.050.49
Amount in ₹ Crore

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Funding working capital requirements of the company
  • Repayment/prepayment of all or certain of the borrowings availed of by the company
  • General corporate purposes

True Colors Ltd IPO Prospectus

True Colors Ltd IPO Listing Date

BSE Script -
NSE Symbol-
Listing In-
IPO Price₹0
Face Value10

Company Contact Information

True Colors Ltd
P-8 GR Flr-3rd Flr SomakankajiWadi Patel Line Khatodara,Surat-395002
Phone: +91 70691 69145
Email: cs@truecolorsgroup.com
Website: https://truecolorsgroup.com/

True Colors Ltd IPO Registrar

Phone:022-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

True Colors Ltd IPO Lead Manager(s)

  1. GYR Capital Advisors Pvt Ltd