IPO Trending
TRUECOLORSSME / BSEListed
True Colors

True Colors Limited, established in October 2021, is engaged in importing and distributing digital textile printers, inks, and related solutions for the textile printing industry. It caters to exporters, manufacturers, designers, and entrepreneurs by offering machinery from global brands, along with sublimation inks for polyester, reactive inks for natural fibers, and disperse inks for polyester fabrics. The company also provides digital textile printing services and is expanding into printed fabric supply. With a focus on trust, technology, and transformation, it operates through a mix of manufacturing and trading and has built a strong presence across India with offices and service hubs in key textile hubs such as Surat, Amritsar, Panipat, Ludhiana, Delhi, Erode, Mumbai, Tirupur, Kolkata, and Varanasi.

₹181 - ₹19140.42x sub
Listed Price₹191.00
Listing Gain+0.00%

IPO Schedule & Timeline

Bookbuilding IPO
Open23 Sep 2025
Close25 Sep 2025
Allotment26 Sep 2025
Listing30 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor19,05,600 shares
28.44%
QIB12,70,800 shares
18.97%
HNI9,57,600 shares
14.29%
Retail22,29,600 shares
33.28%
Market Maker3,36,000 shares
5.02%

Minimum Application Lots

Retail2 Lots (1,200 shares)
₹2,29,200
sHNI3 Lots (1,800 shares)
₹3,43,800
bHNI8 Lots (5,400 shares)
₹10,31,400

Company Promoters

Ashish Kumar Durlbhbhai MulaniSanjay Raghubhai DesaiSagarkumar Bipinbhai MulaniPanchani Satishkumar Jayantibhai

Company Background

True Colors Limited, established in October 2021, is engaged in importing and distributing digital textile printers, inks, and related solutions for the textile printing industry. It caters to exporters, manufacturers, designers, and entrepreneurs by offering machinery from global brands, along with sublimation inks for polyester, reactive inks for natural f...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-25)₹234.05 Cr
Growth+189.2%
Revenue Trend (₹ in Crores)
0.089.7179.4269.2Mar-23Mar-24Mar-25
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-25234.0524.69154.9747.51
Mar-24160.918.25105.9156.56
Mar-2380.943.9245.5320.04

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Mar-25044.53%35.94%14.6619.07
Mar-24056.42%18.56%00
Mar-23061.52%21.43%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
26 Sep 2025
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
30 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for True Colors. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization26 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date30 Sep 2025Trading commences on exchange

How to Check True Colors Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select True Colors from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About True Colors IPO

Complete issue overview for True Colors (TRUECOLORS) IPO. The issue features an equity share price band of ₹181 – ₹191 per share with a minimum retail lot size of 600 Shares (minimum application amount of ₹1,14,600). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions