True Colors IPO GMP: Day 1 IPO Live Updates

Posted by : sachet | Tue Sep 23 2025

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.

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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.

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Listing Gains
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 Details

IPO Open Date	23rd September 2025
IPO Close Date	25th September 2025
IPO Allotment Date	26th September 2025
Refund Initiation	29th September 2025
Issue Size	66,99,600 shares(aggregating up to ₹127.96 Cr)
Fresh Issue	53,63,600 shares(aggregating up to ₹102.44 Cr)
Offer for Sale	10,00,000 shares of ₹10(aggregating up to ₹19.10 Cr)
Face Value	₹10 per share
Lot Size	600 shares
Issue Price Band	₹181.00 to ₹191.00 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	30th September 2025

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.

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

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.

Indicators	Pre-IPO	Post-IPO
PE Ratio	14.66	19.07
EPS	13.03	10.02

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.