True Colors IPO GMP: Day 1 IPO Live Updates

Check Expert’s Verdicts on True Colors IPO

The True Colors IPO GMP is ₹45 as of 23rd September 2025. It is a book-building IPO of ₹127.96 crores, comprising a fresh issue of ₹ 0.57 crores and an offer for sale of 0.10 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 30th September 2025. The face value of True Colors shares stands at ₹10 per share, and the IPO price band is set at ₹181 to ₹191 per share. Retail investors can bid for a minimum of 2 lots of 1,200 shares worth ₹2,29,200.

True Colors IPO Grey Market Premium

As of 23rd September 2025, the True Colors IPO GMP stands at ₹45 per share. Thus, the estimated listing price would be ₹236. This indicates that the estimated listing gain in this IPO could be 23.56%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table for the True Colors IPO GMP updates.

True Colors IPO Details

Explanation

True Colours Limited has announced that the issue price is set at ₹181 to ₹191 per share. With this IPO, the company allows retail investors to bid for two lots of 1,200 shares worth ₹2,29,200. The face value of True Colors Limited shares is ₹10 per share. The shares of True Colors Limited will be listed on BSE and SME on its tentative listing day, 30th September 2025. Scroll down to view GMP updates and reviews of the True Colors IPO. 

Objectives of the True Colors IPO

The primary aim of the True Colors IPO is to raise ₹77.91 crores. On the other hand, True Colors has decided to utilise these funds in different ways. Explore some of the secondary objectives for the True Colors IPO.

• To fund the working capital requirements of the company
• To Repayment/prepayment of all or certain of our borrowings availed of by the Company
• For general corporate purposes

True Colors IPO Registrar

 Bigshare Services Private Limited is the registrar of the True Colors IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the True Colors allotment and refund, please contact Bigshare Services Private Limited at investor@bigshareonline.com  or +91-22-6263 8200.

True Colors IPO Review  

The True Colors IPO has gained neutral ratings from industry experts, brokers, and institutional investors. True Colors  Limited’s revenue increased by 45% from ₹160.91 crores in March 2024 to ₹234.05 crores in March 2025. Moreover, the company’s PAT rose by 199% from ₹8.25 crores to ₹24.69 crores. Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to gain a better understanding and will continue to post them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for the True Colors IPO or not.

True Colors Limited Technicals

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 the True Colors IPO.

The P/E ratio of True Colors  Limited’s share is 14.66, and its Earnings Per Share (EPS) stands at 1303. Thus, the True Colours Limited IPO is expected to deliver gains on its tentative listing date, 30th September 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of True Colors Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics. 

FAQs on True Colors IPO

What is the GMP of the True Colors IPO?

Ans. As of 23rd September 2025, the True Colors (Grey Market Premium) stands at ₹45. This indicates that the estimated listing price could be ₹ 236 per share.

What is the issue price of the True Colors IPO?

Ans. The True Colors IPO price is set at ₹181.00 to ₹191.00 per share.  Retail investors can apply for a minimum of 2 lots consisting of 1,200 shares worth ₹2,29,200. Moreover, HNIs are required to bid for a minimum of 3 lots (1,800 shares) worth ₹3,43,800.

Who is the registrar of the True Colors IPO?

Ans.  Bigshare Services Private Limited is the registrar of the True Colors IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the True Colors allotment and refund, please contact Bigshare Services Private Limited at investor@bigshareonline.com  or +91-22-6263 8200.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the True Colors IPO, download the True Colors IPO RHP and True Colors IPO DRHP. Conduct thorough research before investing in IPOs to minimise the risk of significant losses. You can also consult your financial advisor.

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