IPO IPO-Synopsis
True Colors Ltd

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Registered Office: P-8 GR Flr-3rd Flr Somakankaji,Wadi Patel Line Khatodara , Surat - 395002 , Gujarat , India.
Phone : +91 70691 69145   Fax:
Email :  cs@truecolorsgroup.com  
Website :  https://truecolorsgroup.com/
Initial public offer of upto 66.99,600 equity shares of face value of Rs10/- each ("Equity Shares") of True Colors Limited (the "Company" or "Truecolors" or "Issuer") at an offer price of Rs191 per equity share (including a share premium of Rs181 per equity share) for cash, aggregating upto Rs127.96 crores ("Public Offer") comprising a fresh issue of upto 56,99,600 equity shares aggregating to Rs108.86 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 3,36,000 equity shares of face value of Rs10/- 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 63,63,600 equity shares of face value of Rs10/- 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 27.17 % and 25.81 % respectively of the post-offer paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
23-Sep-25 25-Sep-25 Rs191.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :600

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 127.96  
Post Issue Equity Share Capital 24.65  
Issue Price Rs191.00  
Projects
Funding working capital requirements of the companyGeneral corporate purposes
Repayment/prepayment of all or certain of the borrowings availed of by the company
Promoted By
Ashish Kumar Durlbhbhai Mulani
Sanjay Raghubhai Desai
Sagarkumar Bipinbhai Mulani
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd