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True Colors Ltd.

True Colors Ltd.

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹191
₹191
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹191
Based on GMP
Min. Investment
₹114,600
1 lot × 600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
23 Sep 2025
Close Date
25 Sep 2025
Allotment
01 Oct 2025
Listing Date
30 Sep 2025
Exchange
BSE SME
Price Band
₹191
Listing Price
See chart
Allotment Status
Price Band
₹191
Per share
Face Value
₹10 per share
 
Lot Size
600 Shares
per lot
Issue Size
66,99,600 shares (aggregating up to ₹127.96 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹114,600
1 lot
Pre-IPO Holding
1,89,55,000 shares
Promoters
Post-IPO Holding
2,46,54,600 shares
Promoters
P/E (Pre)
14.66x
 
P/E (Post)
19.07x
 
EPS (Pre)
₹13.03
 
EPS (Post)
₹10.02
 
UPI Deadline
2025-09-25
Mandate
Anchor AllotmentMon, 22 Sep 2025
Basis of AllotmentWed, 01 Oct 2025
Refund InitiationThu, 02 Oct 2025
Demat CreditThu, 02 Oct 2025
Listing DayTue, 30 Sep 2025
UPI Mandate Deadline2025-09-25
Sale TypeFresh Capital-cum-Offer for Sale
Net Offer to Public53,63,600 shares (aggregating up to ₹102.44 Cr)
Market Maker Quota3,36,000 shares (aggregating up to ₹6.42 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
True Colors Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Sep 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
336,000
₹6.42
QIB
Over 1.00x
3,176,400
₹60.67
NII / HNI
Over 1.00x
957,600
₹18.29
Retail
Over 1.00x
2,229,600
₹42.59
Total 1.00x
6,699,600
100% ₹127.96
IPO Shares Offered
True Colors Ltd. IPO total issue size: ₹127.96 Cr. Retail: ₹42.59 Cr. QIB: ₹60.67 Cr. NII: ₹18.29 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 3,176,400 ₹60.67
47.41%
Market Maker 336,000 ₹6.42
5.02%
NII 957,600 ₹18.29
14.29%
Retail 2,229,600 ₹42.59
33.28%
Total 6,699,600 ₹127.96
100.00%
* Based on upper price band ₹191 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) 957,600 2,229,600 3,187,200
Allotment price (₹) 191 191 191 191 191 191 191 191
No. of applications
No. of shares applied
Amount collected (₹Cr) ₹42.59 ₹42.59
Times subscribed 1 1 1 1
Shares allotted 957,600 2,229,600 3,187,200
No. of allottees
* Upper price band ₹191 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
600
Shares per Lot
Issue Price
₹191.00
Upper Band
Min Investment
₹114,600
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,200₹229,200
Retail (Max — 13 Lots)137,800₹1,489,800
S-HNI (Min — 14 Lots)148,400₹1,604,400
B-HNI (Min — 68 Lots)6840,800₹7,792,800
* Issue Price ₹191 × Lot Size 600 shares
IPO Schedule
Anchor
22 Sep 2025
✓ Done
IPO Open
23 Sep 2025
✓ Done
IPO Close
25 Sep 2025
✓ Done
Allotment
01 Oct 2025
✓ Done
Refunds
02 Oct 2025
✓ Done
Demat Credit
02 Oct 2025
✓ Done
Listing Day
30 Sep 2025
✓ Done
True Colors Ltd. — Live Price LIVE
₹191.00
INR · BSE
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Issue ₹191.00 Live Price
About True Colors Ltd.

True Colors Ltd. is proposing an IPO on BSE SME under the SME category. Total issue: 66,99,600 shares (aggregating up to ₹127.96 Cr).

Opens 23 Sep 2025, closes 25 Sep 2025. Listing: 30 Sep 2025. Apply via ASBA or UPI.

Objects of the Issue
1
Object 1
2
Object 2
3
Object 3
True Colors Ltd. Financials (Amount in ₹ Crores)
Revenue from Operations
₹80.9
31 Mar 2023
₹160.9
31 Mar 2024
₹234.1
31 Mar 2025
Profit After Tax (PAT)
₹3.9
31 Mar 2023
₹8.3
31 Mar 2024
₹24.7
31 Mar 2025
Particulars31 Mar 202531 Mar 202431 Mar 2023
Revenue from Operations 234.05 160.91 80.94
EBITDA 40.91 14.50 5.67
Profit After Tax (PAT) 24.69 8.25 3.92
Net Worth 55.45 14.61 6.37
Total Assets 154.97 105.91 45.53
Reserves & Surplus 36.50 14.14 5.90
Borrowings 47.51 56.56 20.04
EBITDA Margin (%) 17.48%
PAT Margin (%) 5.15%
P/BV Ratio
6.53
RoE
70.49%
RoCE
35.94%
RoNW
44.53%
PAT Margin
5.15%
EBITDA Margin
17.48%
Debt/Equity
0.86
Issue Structure & Shareholding
Total Shares Offered66,99,600 shares
Net Offer to Public53,63,600 shares (aggregating up to ₹102.44 Cr)
Reserved for Market Maker3,36,000 shares (aggregating up to ₹6.42 Cr)
Pre-Issue Promoter Holding1,89,55,000 shares
Post-Issue Promoter Holding2,46,54,600 shares
P/BV Ratio6.53
RoE70.49%
RoCE35.94%
Debt / Equity0.86
Script CodeN/A
Registrar & Lead Managers
Will be available once DRHP is filed.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much True Colors Ltd. IPO subscribed?

True Colors Ltd. IPO is subscribed 1.00 times by Sep 25, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is True Colors Ltd. IPO retail subscription status?

The True Colors Ltd. IPO retail category is subscribed 1.00 times as of 25 Sep 2025. The retail portion is oversubscribed.

How to subscribe True Colors Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 23 Sep 2025 and closes 25 Sep 2025. Min investment: ₹114,600 (1 lot = 600 shares). UPI mandate: 2025-09-25.

How many times True Colors Ltd. IPO subscribed?

The True Colors Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check True Colors Ltd. IPO allotment?

Check allotment on the registrar website. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Oct 2025. Refunds: on 02 Oct 2025.

When True Colors Ltd. IPO will be listed?

The True Colors Ltd. IPO listing date is 30 Sep 2025, Tuesday. Listed on: BSE SME. Issue price: ₹191. Estimated listing: ₹191. GMP: NIL.

When True Colors Ltd. IPO close?

The True Colors Ltd. IPO closes on 25 Sep 2025, Thursday. UPI mandate: 2025-09-25. Allotment: 01 Oct 2025. Listing: 30 Sep 2025.