
Check True Colors IPO Subscription Day 3
Thu Sep 25 2025

Click and Sign Up to Get Latest Updates on True Colors IPO
Here, the True Colors IPO launched on 23rd September 2025. The issue will be closed for bidding today, on 25th September 2025. The primary aim of the True Colors IPO is to raise ₹127.96 crores from the market. Additionally, the True Colors IPO has received an impressive level of subscription, which suggests that the shares will be listed at a remarkable premium. Scroll down to check the True Colors IPO subscription and details.
True Colors IPO Details
| IPO Open Date | 23rd September 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹181 to ₹191 per share |
| Lot Size | 600 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE & SME |
| IPO Close Date | 25th September 2025 |
| Listing Date | 30th September 2025 |
The price band for the True Colours IPO has been set at ₹181 to ₹191 per share, with a total of 66,99,600 shares to be issued. Let’s segregate the share quota fixed for different categories of investors.
| Categories | Shares Offered | % Shares offered |
| Market Maker Shares Offered | 3,36,00 | 5.02% |
| QIB Shares Offered | 31,76,400 | 47.41% |
| NII (HNI) Shares Offered | 9,57,600 | 14.29% |
| Retail Investors | 22,29,600 | 33.28% |
| Total Shares Offered | 66,99,600 | 100.00% |
True Colors IPO Subscription Status
As of now, the True Colors IPO has been subscribed to 13.46 times. Of these, 4.91 times are subscribed by retail investors, 7.68 times by non-institutional investors, and 3.93 times by QII (Qualified Institutional Investors).
The healthy subscription status indicates that investors are expecting higher returns at the time of the True Colors IPO listing on 30th September 2025. True Colors also has a positive outlook behind the fresh issue of 0.57 crore shares, which is expected to raise around Rs 127.96 crore.
About True Colors Limited
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.
Technical Indicators
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of True Colors Limited.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 14.66 |
| EPS (Earnings Per Share) | 13.03 |
| ROCE | 35.94% |
| ROE | 70.49% |
| RoNW | 44.53% |
| PAT Margin | 5.15% |
| EBITDA Margin | 17.48% |
| Price to Book Value | 6.53 |
| Market Capitalisation | ₹470.90 Cr |
True Colors IPO Listing Expectations
The True Colors IPO allotment is still pending. However, according to current GMP or market sentiments, it is reasonable to expect higher listing gains from the share. A 23.56% jump in True Colors IPO GMP indicates that the estimated listing price per share will be approximately Rs 236.
It will provide higher listing gains to investors who applied for this IPO. Additionally, the financial fundamentals of this business made it the experts’ top long-term recommendation.
True Colors IPO GMP Today

We know that higher subscription prices encourage grey market premiums for IPOs. Let’s explore the True Colors IPO GMP for 25th September 2025.
The grey market premium for this IPO is 23.56%, or Rs 45 per share. It indicates that the estimated listing price per share is Rs 45. Numerous factors contributed significantly to the jump in the True Colours IPO GMP. These include higher subscription rates received, positive market sentiments, and investors’ positive attitude towards IPOs.
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
| 27-09-2025 | ₹- | ₹- | ₹- | – |
| 26-09-2025 | ₹- | ₹- | ₹- | – |
| 25-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 24-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 23-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 22-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 21-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 20-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 19-09-2025 | ₹191.00 | ₹45.00 | ₹236.00 | 23.56% |
| 18-09-2025 | ₹191.00 | ₹35.00 | ₹226.00 | 18.32% |
True Colors IPO Dates
| IPO Open Date | 23rd September 2025 |
| IPO Close Date | 25th September 2025 |
| Allotment | 26th September 2025 |
| Refund Date | 29th September 2025 |
| IPO Listing Date | 30th September 2025 |
Note: IPO GMP is highly volatile, influenced by market sentiment. Hence, one should conduct their research before investing in it.
Download Univest iOS App or Univest Android App to get daily stock recommendations and insightful research pieces!
Recent Articles
Top 10 Penny Stocks in India | Penny Stocks to Buy in 2025
Best Stocks to Buy Today: Explore Best Stocks With Expected Trends
Milky Mist Dairy Foods IPO Details: Everything You Should Know about
Karbonsteel Engineering IPO GMP & Review: Should You Apply or Avoid?
Taurian MPS IPO GMP & Review: Should You Apply or Avoid?
Shringar House of Mangalsutra IPO GMP & Review: Apply or Avoid?
Dev Accelerator IPO GMP & Review: Apply or Avoid?
Related Posts
Best Intraday Stocks for Today: Analysts Flag Top Picks for 30 April 2026 Session
OnEMI Technology Solutions IPO Opens Today: GMP Rs 6, Price Band Rs 162-171 and Full Analyst View
Q4 Results Today 30 April 2026 HUL Adani Enterprises Bajaj Finserv and Full List of Stocks to Watch
Steelcast Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook
TCC Concept Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

