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True Colors Limited IPO logo

True Colors Limited IPO

BBSMEBSEListed
Listed at
191
+0.00%

True Colors Limited IPO is a SME book building IPO. Issue size is 127.96 Cr. Price band is ₹181 to ₹191 per share. Minimum investment is ₹2.29 L. Lot size is 600 shares. Open from 23 Sept 2025 to 25 Sept 2025. Allotment on 26 Sept 2025. Listing on 30 Sept 2025 at BSE. Managed by GYR Capital Advisors Pvt.Ltd. Registrar: Bigshare Services Pvt Ltd. Key details for GMP, subscription, price, allotment, and listing in one place.

Official documents: RHP and DRHP.

True Colors Limited IPO overview

True Colors Limited IPO Key figures

Price band, lot, minimum application, and issue window at a glance.

Price band
₹181 to ₹191
Lot size
600 shares / lot
Min investment
₹2,29,200
Issue open – close
23 Sept 2025 → 25 Sept 2025

True Colors Limited IPO important dates

Issue Opens
23 Sept 2025
Issue Closes
25 Sept 2025
Allotment
26 Sept 2025
Listing
30 Sept 2025

True Colors Limited IPO lot size

CategoryLotsSharesAmount
Retail (Min)21,2002,29,200
S-HNI (Min)31,8003,43,800
S-HNI (UPI)42,4004,58,400
S-HNI (Max)84,8009,16,800
B-HNI (Min)95,40010,31,400

About True Colors Limited IPO

From the company / RHP narrative.

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, while expanding to printed fabric supply.

The company has established a presence across India through regional offices and service hubs in key textile manufacturing centers like Surat, Amritsar, Panipat, Ludhiana, Delhi, Erode, Mumbai, Tirupur, Kolkata, and Varanasi.

Competitive Strength

Full-Fledged Digital Textile Ecosystem.
Nationwide Presence and Rapid Service Support.
Reliable Customer Engagement and Recurring Revenue.
Advanced Manufacturing Facility and Supply Chain Control.
Experienced Leadership supported by Professional Management.

Objective of the issue

How the issuer plans to use IPO proceeds.

Funding working capital requirements of the company

Repayment/prepayment of all or certain of our borrowings availed of by the Company

General corporate purposes
True Colors Limited IPO FAQs
A quick overview of key terms, dates, and how to track this IPO.

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Documents & links

Prospectus, draft filings, and company site open in a new tab.

Registrar

Details about the registrar of the issue.

Registrar Name
Bigshare Services Pvt Ltd
Phone
2262638200
Address
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,Makwana Road, Marol, Andheri(E), Mumbai - 400 059

Issue details

Key details about the issue, including the face value, lot size, and minimum investment.

Issue Type
BB
Face Value
10
Lead Managers
GYR Capital Advisors Pvt.Ltd.
Min Quantity
1,200
Company Promoters
Ashish Kumar Durlbhbhai Mulani,Sanjay Raghubhai Desai,Sagarkumar Bipinbhai Mulani,Panchani Satishkumar Jayantibhai.
Phone
+91 7069169145
Address
True Colors Ltd. P-8, GR Flr to 3rd Flr Somakanjiini Wadi Patel Line Khatodara, Surat, Gujarat, 395002

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