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IPO Rating
Quality Score 
0/0
Growth Score
0/0
Valuation Score
0/0
Bidding Date
23-Sep-2025 to
25-Sep-2025
Issue Size
₹127.96 Cr
Price Band
₹181 to ₹191
Allotment date
26-Sep-2025
Listing date
30-Sep-2025
Lot size
600
No. of shares
66,99,600
Fresh issue/OFS
₹108.86 Cr/₹19.1 Cr
True Colors Ltd., established in October 2021 in Surat, Gujarat, has rapidly evolved as a pioneering supplier and manufacturer in India’s digital textile printing industry. Starting with the introduction of the country’s first sublimation textile printer, the company expanded from machinery trading into multifaceted operations—offering premium digital textile printers, specialized inks, and coated papers, alongside establishing its own sublimation paper coating facility for a complete one-stop solution. True Colors is recognized for its focus on cutting-edge technology, eco-friendly innovations, and strategic partnerships with leading global brands such as Konica Minolta, enabling clients to shift from traditional to efficient, sustainable digital printing. Its customer-centric philosophy emphasizes quality, precision, and strong after-sales support, making it a preferred partner for textile manufacturers and international machine suppliers tapping into India’s expanding digital textile market.
Category
Status
QIBs
43.4x
NIIs
37.7x
Retail
44.4x
Others
--
Total
42.3x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Emiac Technologies | 93 - 98 | 27-Mar-2026 to 08-Apr-2026 |
| Safety Controls & Devices | 75 - 80 | 06-Apr-2026 to 08-Apr-2026 |
| Vivid Electromech | 528 - 555 | 25-Mar-2026 to 30-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of True Colors is ₹127.96 Cr.
True Colors falls into Machinery & Equipments industry.
The True Colors IPO will be listed on NSE.
The open and close dates for the True Colors are 23-Sep-2025 & 25-Sep-2025.
The price band for the True Colors ipo is ₹181 to ₹191
The listing date of True Colors IPO is 30-Sep-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
True Colors total subscription ratio is 42.3X.
Key financial of the True Colors are:
| True Colors | FY-25 | FY-24 | FY-23 |
|---|---|---|---|
| Revenue (₹ Cr) | 233.66 | 160.08 | 80.66 |
| EBIT (₹ Cr) | 37.79 | 12.78 | 5.56 |
| Proft after Tax (₹ Cr) | 24.69 | 8.25 | 3.92 |
| Debt (₹ Cr) | 47.51 | 56.56 | 20.04 |
| Net Worth (₹ Cr) | 55.45 | 14.61 | 6.37 |
| RoE (%) | 44.53 | 56.42 | 61.52 |
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