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IPO

IPO Details


True Colors Ltd
Registered Office: P-8 GR Flr-3rd Flr Somakankaji, Wadi Patel Line Khatodara, Surat - 395002, Gujarat
Phone: +91 70691 69145
Email: cs@truecolorsgroup.com
Website: https://truecolorsgroup.com/
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.
Issue Money Payable On
Opens On Closes On Application Allotment
23-Sep-2025 25-Sep-2025 ₹ 191.00 ₹ 0.00
Minimum Application for shares in Nos : 1200.0 Further Multiples of : 600.0
(₹)Cr. Lead Managers to the Issue
Project Cost 0.00 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 127.96
Post Issue Equity Share Capital 24.65
Issue Price ₹191.00
Projects
Funding working capital requirements of the company
Repayment/prepayment of all or certain of the borrowings availed of by the company
General corporate purposes
Promoted By
Ashish Kumar Durlbhbhai Mulani
Sanjay Raghubhai Desai
Sagarkumar Bipinbhai Mulani
Listing At
BSE - SME
Registrar to the Issue
No Data Available

INDIAN INDICES

Sensex

83,938.71 -465.75 (-0.55%)

Nifty

25,722.10 -155.75 (-0.60%)

GLOBAL INDICES

USD

NA

NASDAQ
HANG SENG

25,906.65 -376.05(-1.43%)