September, 18 2025 Thursday 01:47 Hrs
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IPO Synopsis

True Colors Ltd
Initial public offer of upto 67,00,000 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.[*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating upto Rs. [*] crores ("Public Offer") comprising a fresh issue of upto 57,00,000 equity shares aggregating to Rs. [*] crores (the "Fresh Issue") and an offer for sale of upto 2,50,000 equity shares by Ashishkumar Durlbhbhai Mulani, upto 2,50,000 equity shares by Sanjay Raghubhai Desai, upto 2,50,000 equity shares by Sagarkumar Bipinbhai Mulani; and upto 2,50,000 equity shares by Panchani Satishkumar Jayantibhai ("the Promoter Selling Shareholders") aggregating upto 10,00,000 equity shares by the promoter selling shareholders ("Offer for Sale") aggregating to Rs. [*] crores out of which [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating Rs. [*] 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 [*] equity shares of face value of Rs. 10/- each, at an offer price of Rs. [*] per equity share for cash, aggregating upto Rs. [*] crores is hereinafter referred to as the "Net Offer". The public offer and net offer will constitute [*] % and [*] % respectively of the post-offer paid-up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.
Issue
Opens On Closes On
23-Sep-25 25-Sep-25
Money Payable On
Application Allotment
181.00 0.00
Minimum Application for shares in Nos : 1200 Further Multiples of : 600
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer (.Cr) 121.26  
Post Issue Equity Share Capital (.Cr) 0.00
Issue Price () 181.00
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
Bigshare Services Pvt Ltd
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