True Colors Ltd IPO – Dates, Price Band & Lot Size
The True Colors Ltd IPO will be live from 23 Sep'25 to 25 Sep'25 with an issue size of ₹127.96 crores. The IPO is priced in the band of ₹0.00–₹191.00 per share with a minimum lot size of 1200.00 shares. Stay updated with IPO dates, allotment status, and listing details.
Min Investment ₹229200.00
Subscribed Times 42.36x
Issues size ₹128 Crores
Price Range ₹0.00 - ₹191.00
Open on 23 Sep'25
Close on 25 Sep'25
True Colors Ltd IPO Details
Lot Size 1200.00
Issue size ₹128 Crores
Issue Type Book Building
True Colors Ltd Shares Offered
Qualified Inst. Buyers 26.51
Non Inst. Buyers 26.98
Retails Ind. Buyers 46.51
True Colors Ltd Subscription Status
(as of 14 Jan 2026) Overall Status 42.36x
Qualified Inst. Buyers 43.41x
Non Inst. Buyers 37.70x
Retails Ind. Buyers 44.46x
True Colors Ltd IPO Timeline
23 Sep'25 Issue Open
25 Sep'25 Issue Close
26 Sep'25 Finalization of Basis of Allotment
29 Sep'25 Initiation of refund
29 Sep'25 Transfer of shares to Demat Account
30 Sep'25 Listing Date
True Colors Ltd Objects of the offer
Expanding Market Reach through new geographies and customer segments.
Enhancing Operational Efficiency and Cost Optimization.
Deepen engagements within existing client base.
Building a Strong and Scalable Organization.
Effective Working Capital Management and Debt Repayment.
True Colors Ltd Company's Financials
Assets(cr) Mar 2025 103.68 Mar 2024 71.72 Mar 2023 26.51
Gross Profit(cr) Mar 2025 36.49 Mar 2024 12.66 Mar 2023 5.47
Liabilities(cr) Mar 2025 48.22 Mar 2024 57.11 Mar 2023 20.14
Net Income(cr) Mar 2025 24.69 Mar 2024 8.25 Mar 2023 3.92
Revenue(cr) Mar 2025 233.66 Mar 2024 160.08 Mar 2023 80.66
True Colors Ltd Peer Comparison
True Colors Ltd IPO
True Colors Ltd Company Contact Info
P-8 GR Flr-3rd Flr Somakankaji,
Wadi Patel Line Khatodara,
Surat-395002
Phone : +91 70691 69145
True Colors Ltd Registrar & Transfer Agent
Bigshare Services Pvt Ltd
Office No S6-2,
Pinnacle Busine.Park-Mumbai - 400093
Phone : 91-22-62638200
Fax : 91-22-63638299
True Colors Ltd Book Running Managers
GYR Capital Advisors Pvt Ltd
Offer Related Information
Initial public offer of 66.99,600 equity shares of face value of Rs. 10/- each (Equity Shares) of True Colors Limited (the Company or Truecolors or Issuer) at an offer price of Rs.191 per equity share (including a share premium of Rs. 181 per equity share) for cash, aggregating to Rs. 127.96 crores (Public Offer) comprising a fresh issue of to 56,99,600 equity shares aggregating to Rs. 108.86 crores (the Fresh Issue) and an offer for sale of 2,50,000 equity shares by Ashishkumar Durlbhbhai Mulani, 2,50,000 equity shares by Sanjay Raghubhai Desai, 2,50,000 equity shares by Sagarkumar Bipinbhai Mulani; and 2,50,000 equity shares by Panchani Satishkumar Jayantibhai (the Promoter Selling Shareholders) aggregating 10,00,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs.19.91 crores out of which 3,36,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 191 per equity share for cash, aggregating Rs. 6.42 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of 63,63,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 191 per equity share for cash, aggregating upto Rs. 121.54 crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute 27.17 % and 25.81 % respectively of the post-offer paid-up equity share capital of the company.
True Colors Ltd IPO FAQs
What is the issue size of True Colors Ltd IPO?
The issue size of True Colors Ltd IPO is ₹ 128 crore.
What is 'pre-apply' for True Colors Ltd IPO?
'Pre-apply' lets you place your IPO application before the official opening date.
If I pre-apply for True Colors Ltd IPO, when will my order get placed?
Your order will be placed automatically once the IPO opens for subscription.
When will I know if my True Colors Ltd IPO order is placed?
You'll get a confirmation via SMS/email once your IPO order is successfully placed.
What are the open and close dates of the True Colors Ltd IPO?
The IPO opens on 23 Sep and closes on 25 Sep.
What is the lot size and minimum order quantity of the True Colors Ltd IPO?
The minimum order is 1 lot, which consists of 1200.00 shares.
What is the allotment date for the True Colors Ltd IPO?
The allotment is expected on 26 Sep.
Who is the registrar of the True Colors Ltd IPO?
Bigshare Services Pvt Ltd is the registrar for this IPO.
Where is the True Colors Ltd IPO getting listed?
It will be listed on BSE.