True Colors Ltd IPO
Price Range
₹181 - ₹191
-
Min. Quantity
1,200 Shares
Closes on
25 September 2025
-
Min. investment
₹2,29,200
True Colors Ltd IPO Timeline
| Event | Date |
|---|---|
| True Colors Ltd IPO Opening Date | 23 September 2025 |
| True Colors Ltd IPO Closing Date | 25 September 2025 |
| Basis of Allotment | 26 September 2025 |
| Initiation of Refunds | 29 September 2025 |
| Credit of Shares to Demat | 29 September 2025 |
| True Colors Ltd IPO Listing Date | 30 September 2025 |
True Colors Ltd IPO Details
| True Colors Ltd IPO Date | 23 September 2025 to 25 September 2025 |
| True Colors Ltd IPO Face Value | ₹10 per share |
| True Colors Ltd IPO Price | ₹181 to ₹191 per share |
| True Colors Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹127.96 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹108.86 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹19.1 Cr) |
| Issue Type | Book Building - SME |
| Listing At | BSE - SME |
| QIB Shares Offered | Not more than 12,70,800 of the Net Offer |
| Retail Shares Offered | Not less than 22,29,600 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 12,93,600 of the Net Offer |
| Company Promoters | Ashish Kumar Durlbhbhai Mulani, Sanjay Raghubhai Desai, Sagarkumar Bipinbhai Mulani |
True Colors Ltd IPO Lot Size
The True Colors Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 0 lots (0 shares or ₹0).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹2,29,200 |
| Maximum | - | 0 | ₹0 |
- Strengths
- 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 Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2025 | 154.97 | 234.05 | 24.69 |
| 03-2024 | 105.91 | 160.91 | 8.25 |
| 03-2023 | 45.53 | 80.94 | 3.92 |
| 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 Promoter Holding
| Pre Issue Share Holding | 23.63% |
| Post Issue Share Holding | 17.15% |
True Colors Ltd IPO Subscription Status (Bidding Detail)
The True Colors Ltd IPO is subscribed 42.36 times on 25 September 2025 05:00:00 PM. The public issue subscribed 44.4569 times in the retail category, 43.4084 times in the QIB category, and 37.7032 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 43.4084 | 37.7032 | 44.4569 | - | 42.36 |
True Colors Ltd IPO Prospectus
True Colors Ltd IPO Listing Date
| BSE Script | |
| NSE Symbol | |
| Listing In | BSE - SME |
| ISIN | INE1LDV01015 |
| IPO Price | ₹- |
| Face Value | ₹- |
Company Contact Information
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
True Colors Ltd IPO Lead Manager(s)
- GYR Capital Advisors Pvt Ltd
How to Check the Allotment Status of True Colors Ltd IPO?
To check the IPO allotment status, follow these steps:
- Visit the official website of the IPO registrar.
- Navigate to the IPO Allotment Status page.
- Select “True Colors Ltd” from the list of available IPOs.
- Enter any one of these - PAN Number, Application Number, DP/Client ID.
- Click on Submit to view your allotment status.
About True Colors Ltd IPO
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.