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True Colors Limited
Issue Size (Net)
up to Rs.127.96 Cr
Price Band
Rs.181 to Rs.191 per share
Issue Opens
September 23, 2025
Issue Closes
September 25, 2025

Company Highlights

1. Company Information

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

2. Competitive Strength

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

3. True Colors IPO Registrar
Bigshare Services Pvt.Ltd.

Phone:+91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com

True Colors Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
EBITDA
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-25
154.97
234.05
24.69
40.91
55.45
36.5
47.51
31-Mar-24
105.91
160.91
8.25
14.5
14.61
14.14
56.56
31-Mar-23
45.53
80.94
3.92
5.67
6.37
5.9
20.04
Amount in Rs. Crore

True Colors IPO Details

Issue Opening Date September 23, 2025 
Issue Closing Date September 25, 2025
Face Value Rs 10 per share
Price Rs 181 to Rs 191 per share
Lot Size 600 Shares
Sale Type Fresh Capital-cum-Offer for Sale
Issue Size 66,99,600 shares (aggregating up to Rs 127.96 Cr)
Reserved for Market Maker 3,36,000 shares (aggregating up to Rs 6.42 Cr)
Offer for Sale 10,00,000 shares of Rs 10 (aggregating up to Rs 19.10 Cr)
Net Offered to Public 63,63,600 shares (aggregating up to Rs 121.54 Cr)
Issue Type Bookbuilding IPO
Listing At BSE SME

True Colors IPO Timeline (Tentative Schedule)

Event Tentative Date
Opening Date Tue, Sep 23, 2025
Closing Date Thu, Sep 25, 2025
Tentative Allotment Fri, Sep 26, 2025
Initiation of Refunds Mon, Sep 29, 2025
Credit of Shares to Demat Mon, Sep 29, 2025
Listing Date Tue, Sep 30, 2025
Cut-off time for UPI mandate confirmation 5 PM on Thu, Sep 25, 2025

Prospectus

Prospectus File

RR Investors Capital Services Pvt. Ltd AMFI-registered Mutual Fund Distributor

ARN-0032 Validity 14-Mar-2027

Head Office - 4th floor, Indraprakash Building 21, Barakhamba Road, New Delhi – 110001

callLandline Number
+91 11-4444-1111

Customer Care
+91 9350316010

Security
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508


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