True Colors Ipo
True Colors IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
GYR Capital Advisors Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,200 | ₹2,29,200 |
| Retail Maximum | 2 | 1,200 | ₹2,29,200 |
| S-HNI Minimum | 3 | 1,800 | ₹3,43,800 |
| S-HNI Maximum | 8 | 4,800 | ₹9,16,800 |
| B-HNI Minimum | 9 | 5,400 | ₹10,31,400 |
| Investor Category | Share Offered | % Shares |
| Market Maker Shares Offered | 3,36,000 Shares | 5.02% |
| Anchor Investor | 19,05,600 Shares | 28.44% |
| QIB (Ex. Anchor) | 12,70,800 Shares | 18.97% |
| NII Shares Offered | 9,57,600 Shares | 14.29% |
| Retail Shares Offered | 22,29,600 Shares | 33.28% |
| Anchor Bidding Date | September 22, 2025 |
| Anchor Investors List | |
| Shares Offered | 19,05,600 Shares |
| Anchor Size | 36.40 Cr. |
| lock-in period end date 50% shares (30 Days) | October 26, 2025 |
| lock-in period end date 50% shares (90 Days) | December 25, 2025 |
| IPO Open Date: | September 23, 2025 |
| IPO Close Date: | September 25, 2025 |
| Basis of Allotment: | September 26, 2025 |
| Refunds: | September 29, 2025 |
| Credit to Demat Account: | September 29, 2025 |
| IPO Listing Date: | September 30, 2025 |
| IPO Bidding Cut-off Time: | September 25, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,89,55,000 | 94.87% |
| Promoter Holding Post Issue | 2,46,54,600 | 68.88% |
| Purpose | Crores |
| Funding working capital requirements of the company | 48.90 |
| Repayment/prepayment of all or certain of our borrowings availed of by the Company | 40.40 |
| General corporate purposes | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹80.94 | ₹75.47 | ₹3.92 | ₹45.53 |
| 2024 | ₹160.91 | ₹149.43 | ₹8.25 | ₹105.91 |
| 2025 | ₹234.05 | ₹200.98 | ₹24.69 | ₹154.97 |
| KPI | Values |
| ROE: | -% |
| ROCE: | 35.94% |
| EBITDA Margin: | 17.48% |
| PAT Margin: | 10.57% |
| Debt to equity ratio: | 0.86 |
| Earning Per Share (EPS): | ₹13.77 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.53% |
| Net Asset Value (NAV): | ₹29.26 |
| IPO Open Date | September 23, 2025 |
| IPO Close Date | September 25, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹181 to ₹191 Per Share |
| Issue Size | Approx ₹127.97 Crores |
| Fresh Issue | Approx ₹108.87 Crores |
| Offer for Sale: | Approx 10,00,000 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |