BSE - SMEListed
True Colors Limited
Company websiteThe company True Colors Limited has filed papers to raise ₹66,99,600 crore through a public issue. The offering includes a fresh tranche of ₹56,99,600 crore and OFS of ₹10,00,000 crore.
Investors may apply between 23-09-2025 and 25-09-2025. Expected allotment is on 26-09-2025 and listing is aimed for 30-09-2025. This is a standard structure — fresh capital for growth, OFS for seller liquidity.
Start Date23-09-2025
End Date25-09-2025
Listing Date30-09-2025
Allotment Date26-09-2025
Current Price₹191
GMP₹10 (5.24%)
Lot Size600 Shares
Subscription40.42 Times
Face Value₹10 per share
Listing atBSE
Issue Price₹181 - ₹191
Pre Issue₹1,89,55,000
Post Issue₹2,46,55,000
Issue Size₹66,99,600
(aggregating up to 127.96 Cr)
(aggregating up to 127.96 Cr)
Fresh Issue₹56,99,600
(aggregating up to 108.86 Cr)
(aggregating up to 108.86 Cr)
Offer For Sale₹10,00,000
(aggregating up to 19.10 Cr)
(aggregating up to 19.10 Cr)
The Grey Market Premium (GMP) for True Colors Limited is currently around ₹10 (5.24%). This indicates an estimated listing price of approximately ₹191 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
21 Nov 2025, 09:36 | ₹191 | ₹10 | ₹201 (5.24%) |
04 Nov 2025, 12:22 | ₹191 | ₹10 | ₹201 (5.24%) |
26 Sep 2025, 15:03 | ₹191 | ₹10 | ₹201 (5.24%) |
25 Sep 2025, 08:54 | ₹191 | ₹46 | ₹237 (24.08%) |
24 Sep 2025, 09:09 | ₹191 | ₹45 | ₹236 (23.56%) |
23 Sep 2025, 09:06 | ₹191 | ₹45 | ₹236 (23.56%) |
22 Sep 2025, 05:24 | ₹191 | ₹45 | ₹236 (23.56%) |
20 Sep 2025, 11:07 | ₹191 | ₹45 | ₹236 (23.56%) |
19 Sep 2025, 04:54 | ₹191 | ₹35 | ₹226 (18.32%) |
18 Sep 2025, 11:59 | ₹191 | ₹0 | ₹191 (0.00%) |
17 Sep 2025, 11:08 | ₹191 | ₹0 | ₹191 (0.00%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of True Colors Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Key Performance
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
EPS | 0 | 0 | 0 |
ROE | 44.53 | 56.42 | 61.52 |
ROCE | 35.94 | 18.56 | 21.43 |
RONW | 0 | 0 | 0 |
PRE IPO(PE) | 14.66 | 0 | 0 |
POST IPO(PE) | 19.07 | 0 | 0 |
Subscription Details (No. of Shares)
The below shows how many shares were subscribed by each investor category in the True Colors Limited IPO. These numbers help you understand where the demand is coming from – whether it’s retail investors, QIBs, or NIBs. Higher subscription usually indicates strong interest and confidence from the market.
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹24.27 | 870.25 | 35.86 |
FIIs | ₹0 | 197.05 | 0.00 |
Mutual Funds | ₹0 | 5.98 | 0.00 |
Others | ₹0 | 527.1 | 0.00 |
RETAIL | ₹42.59 | 1705.78 | 40.05 |
HNIs 2+ | ₹6.10 | 233.46 | 38.27 |
HNIs 10+ | ₹12.19 | 631.81 | 51.83 |
Total | ₹85.15 | 3441.30 | 40.41 |
Application Wise Breakup (Approx. no of Apps)
| Category | Reserved | Applied | Times |
|---|---|---|---|
QIB | 0 | 69 | 0.00 |
NIB | 0 | 12,050 | 0.00 |
RETAIL | 1,858 | 74,423 | 40.06 |
HNIs(10L +) | 355 | 5,717 | 16.10 |
HNIs (2-10L) | 177 | 6,333 | 35.78 |
Total | 2,390 | 86,473 | 36.18 |
The IPO reservation for True Colors Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
Anchor | 28.44% | 19,05,600 |
QIB | 18.97% | 12,70,800 |
HNI | 14.29% | 9,57,600 |
RETAIL | 33.28% | 22,29,600 |
Market Maker | 5.02% | 3,36,000 |
TOTAL | 100.00% | 66,99,600 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 2 | 1,200 | ₹2,29,200 | |
sHNI | 3 | 1,800 | ₹3,43,800 | |
bHNI | 8 | 5,400 | ₹10,31,400 |
Below you can find the official contact details of True Colors Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Email: cs@truecolorsgroup.com
Phone: +91 7069169145
Website: https://truecolorsgroup.com/
Address: P-8, GR Flr to 3rd Flr Somakanjiini Wadi Patel Line Khatodara, Surat, Gujarat, 395002