The True Colours Ltd IPO date has been confirmed from September 23, 2025, and closes on September 25, 2025. Read the post to learn about True Colours Ltd IPO GMP.
True Colors IPO is a book build issue of ₹127.96 crores. The issue is a combination of fresh issue of 0.57 crore shares aggregating to ₹108.86 crores and offer for sale of 0.10 crore shares aggregating to ₹19.10 crores. True Colors IPO price band is set at ₹181.00 to ₹191.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,29,200.00 (1,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,43,800.
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Bidding Dates
Sept 23 – Sept 25Price Range
₹181 to ₹191 per shareFace Value
₹10 per shareGMP
₹0True Colours Ltd IPO GMP
The True Colours Ltd IPO GMP Today is ₹0.
IPO Overview
True Colors IPO opens for subscription on Sep 23, 2025 and closes on Sep 25, 2025. The allotment for the True Colors IPO is expected to be finalized on Sep 26, 2025. True Colors IPO will list on BSE SME with a tentative listing date fixed as Sep 30, 2025.
True Colours Ltd IPO Details
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹181 to ₹191 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 66,99,600 shares (aggregating up to ₹127.96 Cr) |
| Reserved for Market Maker | 3,36,000 shares (aggregating up to ₹6.42 Cr)Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 53,63,600 shares (aggregating up to ₹102.44 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹19.10 Cr) |
| Net Offered to Public | 63,63,600 shares (aggregating up to ₹121.54 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,89,55,000 shares |
| Share Holding Post Issue | 2,46,54,600 shares |
True Colours Ltd Financial Information
| 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 | |||
True Colours Ltd IPO Timeline
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Company Profile
True Colors was founded by four friends with a vision to transform fabric printing in India. Balancing studies and careers, they boldly introduced the country’s first sublimation textile printer, entering an untested market with determination. The journey was not without challenges—starting with a small plotter that struggled to meet demand, floods that destroyed equipment, and setbacks from broken partnerships. Yet, through trust, innovation, and perseverance, True Colors overcame these hurdles and laid a strong foundation, emerging as a pioneer in digital fabric printing in India.
Registrar Info
| Name | MUFG Intime India Pvt.Ltd. |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Contact Details
| Name | True Colours Limited |
| Phone number | +91 7069169145 |
| Email ID | cs@truecolorsgroup.com |
| Website | https://truecolorsgroup.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
True Colours Ltd IPO FAQs
When True Colors IPO will open?
The True Colors IPO opens on September 23, 2025 and closes on September 25, 2025.
What is the lot size of True Colors IPO?
True Colors IPO lot size is 600, and the minimum amount required for application is ₹2,29,200, with 2 lots being the minimum application size.
When is True Colors IPO listing date ?
The True Colors IPO listing date is not yet announced. The tentative date of True Colors IPO listing is Tuesday, September 30, 2025.
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