✓
Open
23 Sep 2025
✓
Close
25 Sep 2025
3
Allotment
—
✓
Listing
Tue, Sep 30, 2025
Price Band
₹181 to ₹191
Issue Size
66,99,600 shares (agg. up to ₹128 Cr)
Lot Size
600 Shares
Listing Date
Tue, Sep 30, 2025
Latest GMP
₹5
Est. Gain
2.62%
✦ AI Insight
GMP Trend
30-09-2025₹5Est. ₹196+2.62%
29-09-2025₹5Est. ₹196+2.62%
28-09-2025₹9Est. ₹200+4.71%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 32.23x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 154.97 | 105.91 | 45.53 |
| Total Income | 234.05 | 160.91 | 80.94 |
| Profit After Tax | 24.69 | 8.25 | 3.92 |
| EBITDA | 40.91 | 14.50 | 5.67 |
| NET Worth | 55.45 | 14.61 | 6.37 |
| Reserves and Surplus | 36.50 | 14.14 | 5.90 |
| Total Borrowing | 47.51 | 56.56 | 20.04 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| L.T.Elevator Ltd. | SME | ₹39.37 Cr | ₹78 | 12.31 | ₹142.90 | +83.21% | ₹259.95 (+3.03%) |
| Airfloa Rail Technology Ltd. | SME | ₹91.10 Cr | ₹140 | 9.57 | ₹279.30 | +99.50% | ₹346.00 (-0.57%) |
| Taurian MPS Ltd. | SME | ₹42.53 Cr | ₹171 | 11.29 | ₹220.50 | +28.95% | ₹396.95 (+11.11%) |
| Cryogenic OGS Ltd. | SME | ₹17.77 Cr | ₹47 | 8.06 | ₹93.76 | +99.49% | ₹297.00 (-1.66%) |
| Patil Automation Ltd. | SME | ₹69.61 Cr | ₹120 | 16.43 | ₹162.75 | +35.62% | ₹195.00 (+1.96%) |
| Srigee DLM Ltd. | SME | ₹16.98 Cr | ₹99 | 13.62 | ₹197.50 | +99.49% | ₹76.40 (-6.26%) |
| Readymix Construction Machinery Ltd. | SME | ₹37.66 Cr | ₹123 | 10.46 | ₹116.85 | -5.00% | ₹103.35 (+10.12%) |
| Fabtech Technologies Cleanrooms Ltd. | SME | ₹27.74 Cr | ₹85 | 13.31 | ₹169.57 | +99.49% | ₹369.00 (-4.17%) |
| Aditya Infotech Ltd. | Mainboard | ₹1,300.00 Cr | ₹675 | 21.09 | ₹1,082.65 | +60.39% | ₹3,614.40 (-4.80%) |
| Standard Glass Lining Technology Ltd. | Mainboard | ₹410.05 Cr | ₹140 | 43.04 | ₹163.35 | +16.68% | ₹135.98 (-2.85%) |
| Mamata Machinery Ltd. | Mainboard | ₹179.35 Cr | ₹243 | 15.3 | ₹630.00 | +159.26% | ₹386.30 (+1.72%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 48.90 |
| 2 | Repayment/prepayment of all or certain of borrowings availed of by the Company | 40.40 |
| 3 | General Corporate Purposes | 9.97 |
| 4 | Issue Expenses | 9.59 |
| Total | 108.86 |
About True Colors IPO
Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry. They offer digital textile printing solutions, including machines, inks, and services, targeting businesses like exporters, manufacturers, designers, and entrepreneurs. The company emphasises trust, technology, and transformation, aiming to help these businesses modernise and grow. The company's business model encompasses manufacturing and trading, with three key pillars in digital textile printing: Machinery & Ink Supply (Import & Distribution): Imports and distributes high-quality wide format digital textile printers from brands like KONICA MINOLTA, HOPETECH, ITTEN, PENGDA, and SKYJET. Sublimation Inks: The sublimation inks are formulated for polyester fabrics and designed for transfer printing. Reactive Inks: The reactive inks offer deep colour saturation, fixation, and fastness for direct printing on natural fibres such as cotton, viscose, and silk. Disperse Inks: Engineered for direct-to-fabric printing on polyester materials. Digital Textile Printing: Offers digital textile printing for customers outsourcing needs,
Contact Details
True Colors Ltd. AddressP-8, GR Flr to 3rd FlrSomakanjiiniWadi Patel Line KhatodaraSurat, Gujarat, 395002+91 7069169145cs@truecolorsgroup.comVisit Website