True Colors Limited

About the company

True Colors Limited is engaged in the import and distribution of digital textile printers and the manufacturing and supplying of products related to the digital textile printing industry. Ink sales were the largest revenue contributor at 30.60% followed by Sublimation paper sales at 28.14% in FY25. The company sold 89 machines in FY25 as compared to 102 machines in FY24. It has established an in-house sublimation paper manufacturing unit to reduce dependency on third-party suppliers. Sublimation papers are offered in 30 to 100 GSM with 36 to 72 inches in width. The company has a presence across India's regional offices and service hubs in key textile manufacturing centres. Gujarat remains the largest revenue contributor at 63.90% of revenue, followed by Maharashtra at 15.43% in FY25.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Sept 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   25 Sept 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   26 Sept 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Sept 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Sept 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Sept 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.