True Colors IPO Opens On 23 Sep: Know ... 

A Complete Overview Of The True Colours IPO

With an anticipated Compound Annual Growth Rate (CAGR) of 13%, the digital printing market in India is making significant progress. Factors such as a robust textile industry performance and significant mill clusters have contributed to these growth projections. Amidst these anticipations, the True Colours Ltd IPO is gearing up for a debut into the equity space.

Bigshare Services Private Limited is registering the True Colours IPO, while GYR Capital Advisors Private Limited is managing it. Check the status of the allotment.

Moreover, for a complete True Colours IPO review, don’t forget to check out the True Colours Limited DRHP

Note: Half of the True Colours IPO shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

True Colours Ltd: Company Profile

Check out the whole company profile of True Colours: 

Particulars

Details 

Established   

2021

Registered Office 

Gujarat 

Promoter

Ashishkumar Durlbhbhai Mulani

Products 

Digital Textile Printers 

Competitors

No listed peers


A Deep Dive Into The Ultimate True Colours IPO Review

Don’t miss out on these key details regarding the True Colours Ltd IPO, including its price, size, date, GMP and a lot more. 

  • True Colours IPO Date

.

Events

Date

Opening

23 September 2025

Closing

25 September 2025

UPI Mandate End

25 September 2025 (5 PM)

Allotment

26 September 2025

Refund

26 September 2025

Shares moving to demats

26 September 2025

Listing

30 September 2025


  • True Colours Ltd. IPO Size


Particulars

Shares

Aggregate Value (₹ Cr)

Fresh Issue 

57,00,000

108.86

Offer for Sale

10,00,000

4.78

Overall Issue 

67,00,000

113.64


  • Objectives of the True Colours Ltd Offer 


Particulars

Amount (₹ Lakhs)

Capital Requirement

Upto 4890.00

Debt Repayment

Upto 4040.00

Other corporate requirements

Undisclosed



  • Other takeaways from the True Colours Ltd IPO


Particulars

Description

Face value of each share

₹10

Price Range

₹181 to ₹191

Lot Size 

600 shares

Listed At 

BSE SME 


  • Categorisation of Different Investors  



Investor

Allotment

QIB

Maximum 50% of the Issue

NIB

Maximum 15% of the Issue

RIB

Minimum 35% of the Issue


Get the top broker and apply for a demat account now. 

  • Anchor Investor


Particulars

Description

Offer period 

23rd September to 25th September 

Terms of Payment  

The full bid amount will be blocked in the bidder’s bank account (through ASBA or UPI).


True Colours IPO details: Key Financials 


Particulars

Mar 31, 2025

Mar 31, 2024

Mar 31, 2023

Share Capital

1,895.50

47.25

47.25

Net Worth 

5,545.36

1,461.38

636.81

Revenue from Operations

23,365.62

16,008.24

8,066.04

Profit After Tax

2,469.38

824.57

391.79

Earnings per Share (Post Bonus) 

13.77

4.94

3.32

NAV (Post Bonus)

29.26

16.28

7.09

Total Borrowings 

4,750.99

5,655.52

2,004.41


Strengths and risks

Let's see what are the risks and strengths of True Colours Limited: 


Strengths

  • Exclusive principal tie-ups: Official distributorships with overseas printer makers let True Colours offer genuine machines and margin-protecting spares.

  • Recurring consumables income: Sales of inks, pre/post-treatment chemicals and spare parts generate steady cash even between hardware sales.

  • Field service: On-ground engineers, demo centres and operator training shorten customer downtime and boost repeat orders.

  • For print-on-demand boom: Positioned to serve fast-fashion, sublimation, and custom apparel businesses that want small batches.

Risks


  • Import and currency exposure: Relying on imported machines means rupee swings, freight delays or customs changes can jump costs and delivery times.

  • Supplier concentration: If a key principal changes pricing, terms, or supply priorities, inventory and sales could be disrupted quickly.

  • Scaling after-sales pressure: Growing installed base needs more skilled technicians and spare inventories.

  • Fast tech turnover: Rapid product upgrades and lower-cost local alternatives can compress margins on older models.

Is True Colours IPO Worth the Rush?

The True Colours IPO GMP has not been released yet. But as an investor, you can see all the company details to get a better IPO review. If you look at the information about the IPO from its DRHP, it will help you make a better decision. 

Also, check the True Colours IPO GMP today here

Before applying, you must also see the live subscription numbers. Apply today.

FAQs

1. How is the True Colours IPO review?

True Colours is seen as a distributor of textile printers, with expansion capital as a key objective. For the latest sentiment, you can look for the True Colours IPO allotment and GMP updates

2. What is the True Colours IPO date?

The IPO open date is 23 September 2025, and the closing date is 25 September 2025. But one can monitor Live subscription details in real time.

3. What is the True Colours IPO listing price? 

The share price is ₹181 to ₹191 as per the latest True Colours IPO news. The final issue price will fall within this range. Also, don't forget to check the True Colours IPO allotment details. 

4. Should I use a demat account to bid for the True Colours IPO?

Yes, a demat account is required to bid for the True Colours IPO. Click here to get the ultimate list of the top demat account providers.
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