1. IPO
True Colors Limited

44.33x

subscribed

True Colors Limited

Chemicals
listed
₹2.17LMin. investment
  1. Pre-apply
    22 Sep
  2. Bid start
    23 Sep
  3. Bid end
    25 Sep
  4. Allotment
    26 Sep
  5. Release of funds
    29 Sep
  6. Demat transfer
    29 Sep
  7. Listing
    30 Sep

True Colors Limited IPO Details

SectorChemicals
Price range₹181 – ₹191
IPO type
SME
Lot size600 shares
Issue size₹127Cr
Red Herring Prospectus
Read
Market Cap
₹470.9CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹233.66CrLower than sector avg
Growth rate3Y CAGR
70.20%

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹233.66Cr
This sector
₹778.53Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹24.69Cr
This sector
₹63.39Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹470.9Cr
This sector
₹4,831.31Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
13.87
This sector
115.61
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.86
This sector
0.47
Compare with companies

Objectives

Working capital
44.92%
Repayment of loans
38.43%
General corporate purposes
16.70%

About True Colors Limited

True Colors Limited is engaged in the import and distribution of digital textile printers and the manufacturing and supplying of products related to the digital textile printing industry. Ink sales were the largest revenue contributor at 30.60% followed by Sublimation paper sales at 28.14% in FY25. The company sold 89 machines in FY25 as compared to 102 machines in FY24. It has established an in-house sublimation paper manufacturing unit to reduce dependency on third-party suppliers. Sublimation papers are offered in 30 to 100 GSM with 36 to 72 inches in width. The company has a presence across India's regional offices and service hubs in key textile manufacturing centres. Gujarat remains the largest revenue contributor at 63.90% of revenue, followed by Maharashtra at 15.43% in FY25.

True Colors Limited Subscription Status

Date
QIB
NII
Retail
Total
23-Sep-25
0.3 times (X)
0.54 times (X)
1.63 times (X)
2.02 times (X)
24-Sep-25
0.32X
3.1X
7.39X
5.57X
25-Sep-25
1.27X
48.58X
42.32X
44.33X

Frequently asked questions

How to invest in the True Colors Limited ?

Investors can apply for the True Colors Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of True Colors Limited ?

The issue size of the True Colors Limited is 127 Cr.

What is 'pre-apply' for True Colors Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will True Colors Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.