True Colors Ltd.
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 23-09-2025 | 25-09-2025 | ₹10 per share | 0 | 600 Shares | BSE SME | 66,99,600 shares (aggregating up to ₹127.96 Cr) | 2025-09-26 00:00:00 | 2025-09-29 00:00:00 | 0000-00-00 00:00:00 | 30-09-2025 |
About The Company
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 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 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.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2023 | 46 | 81 | 4 | 6.37 | 5.9 | 20.04 |
| 31-03-2024 | 106 | 161 | 8 | 14.61 | 14.14 | 56.56 |
| 31-03-2025 | 155 | 234 | 25 | 55.45 | 36.5 | 47.51 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | 229200 |
| Individual investors (Retail) (Max) | 2 | 1200 | 229200 |
| S-HNI (MIn) | 3 | 1800 | 343800 |
| S-HNI (Max) | 8 | 4800 | 916800 |
| B-HNI (Min) | 9 | 5400 | 1031400 |
IPO Listing Details
| Listing Date | 30-09-2025 |
| BSE Script Code | n/a |
| NSE Symbol | n/a |
| ISIN | n/a |
| Final Issue Price | 0 |
Promoter holdings
The promoters of the company are Ashish Kumar Durlbhbhai Mulani, Sanjay Raghubhai Desai, Sagarkumar Bipinbhai Mulani and Panchani Satishkumar Jayantibhai.
Contact Information of the Company
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Manager
GYR Capital Advisors Pvt.Ltd. (Past IPO Performance)