True Colors IPO is an SME issue opening from September 23 to September 25, 2025, with a price band of ₹181 to ₹191 per share and a total issue size of approximately ₹127.96 crore. The company operates in the digital textile printing industry, providing advanced digital textile printers through imports and distribution agreements with global brands. The True Colors IPO offers investors exposure to a technology-driven textile printing sector that is rapidly growing due to increased demand for sustainable and customized fabric printing.
₹10
₹191
₹191.00
Expert Opinions
Market sentiment for True Colors IPO is optimistic as the company operates in the fast-growing digital textile printing sector. True Colors’ strengths include its diversified business model spanning import and distribution of advanced textile printers, manufacturing of inks and sublimation paper, and integrated textile printing solutions.
The company has demonstrated strong financial metrics with a Return on Equity (ROE) of 70.49%, Return on Capital Employed (ROCE) of 35.94%, and a Net Asset Value (NAV) of ₹29.26 in FY 2025, indicating high profitability and efficient capital use. Risks include dependency on import regulations, technology changes, and competition from global players. The True Colors IPO offers a promising long-term investment perspective for investors seeking growth exposure in a technology-driven textile printing market.
Investor Considerations
True Colors IPO has demonstrated robust financial performance with revenue increasing from ₹160.91 crore in FY 2024 to ₹234.05 crore in FY 2025, accompanied by a substantial rise in profit after tax to ₹24.69 crore. The company operates in the digital textile printing industry, leveraging advanced technology and in-house manufacturing capabilities, with a strong regional presence across India. The sector outlook is promising due to growing demand for sustainable and customized fabric printing solutions.
The True Colors IPO valuation for financial year 2025 features a Price to Book Value of 6.53, a PAT margin of 5.15%, and a Debt to Equity ratio of 0.86, reflecting healthy profitability and moderate leverage. Growth prospects are driven by expansion into new markets and product innovation. Risks involve technology disruptions and raw material price fluctuations. This IPO is suitable for long-term investors targeting growth in a niche technology-driven textile segment.
| Date | GMP | Trend |
|---|---|---|
| 29 Sep 2025 13.15 | ₹10 | --- |
| 27 Sep 2025 17.26 | ₹10 | Down |
| 26 Sep 2025 12.41 | ₹30 | --- |
| 25 Sep 2025 20.34 | ₹30 | Down |
| 24 Sep 2025 12.16 | ₹45 | --- |
| 23 Sep 2025 10.33 | ₹45 | --- |
| 22 Sep 2025 12.03 | ₹45 | --- |
| 21 Sep 2025 19.18 | ₹45 | --- |
| 20 Sep 2025 13.36 | ₹45 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting True Colors IPO’s listing performance. With a final GMP of ₹10, it projected a premium of 5.24% over the issue price of ₹191. The stock listed at ₹191, delivering no gain or loss. This resulted in a prediction error of 5.24%, where the GMP overestimated the listing gains, reflecting moderate reliability in this case.
True Colors IPO Current GMP is ₹10.
True Colors IPO Expected Returns is 5.24%.
True Colors IPO estimated listing price is ₹201.