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15 Days Price Change

True Colors IPO

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WEBSITE Inc. Year: 2021 Industry: Trading Listed Page

Profile
Issue Size 91.57 Cr
Profile
Price Range 181  to  191 per share
Profile
Min Investment ₹191
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our Company is engaged in the business of import and distribution of digital textile printers and manufacturing and supplying ofproducts related to digital textile printing industry. Our business model includes manufacturing as well as trading that covers thefollowing three key pillars in the digital textile printing industry such asa) Machinery & Ink Supply (Import & Distribution): We import and distribute high-quality wide format digital textile inkjetprinters from globally recognized brands such as KONICA MINOLTA, HOPETECH, ITTEN, PENGDA and SKYJET.Further we have signed dealership agreements with these brands. These printers are supplied to textile manufacturers,export houses and fabric dealers across India. By providing installation services, spare parts, and after-sales support, weserve as a reliable partner for businesses adopting digital textile printing. Additionally, we import and supply specializeddigital textile printing inks that ensure vibrant and durable prints. Read More

Basic Info

Face Value 10 per share

Price 181  to  191 per share

P/E (x) 13.8

Sales( Cr.) 234

PAT( Cr.) 25

EPS 13.8

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Ashish Kumar Durlbhbhai Mulani Sanjay Raghubhai Desai Sagarkumar Bipinbhai Mulani Panchani Satishkumar Jayantibhai

Pre Issue Share Holding 94.86%

Post Issue Share Holding 68.87%

Listing Details:

Listing Price: 191

Listing Gain: 0%

Current Price: 152

Gain On Issue: 152 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 23, 2025
Closing Date Sep 25, 2025
Allotment Sep 26, 2025
Refund Sep 29, 2025
Delivery of Shares Sep 29, 2025
Listing Date Sep 30, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 229,200
Retail (Max) -- -- --
S-HNI (Min) 1 1200 229,200
S-HNI (Max) 4 4800 916,800
B-HNI (Min) 5 6000 1,146,000

Objective of the Issue

1. Funding working capital requirements of our company 2. Repayment/prepayment of all or certain of our borrowings availed by our Company 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 1270800 55163400 43.4x
NII 1293600 48772800 37.7x
Retail 2229600 99121200 44.5x
EMP 0 0 0x
Total 4794000 203057400 42.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

True Colors Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9 81 160 234
Other Income 0 0 1 0
Total Income 9 81 161 234
Total Expenditure 8 75 146 192
Operating Profit 1 6 15 42
Interest 0 0 2 5
Depreciation 0 0 1 3
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 5 11 33
Provision for Tax 0 2 3 8
Profit After Tax 0 4 8 25
Adjustments 0 0 0 0
Profit After Adjustments 0 4 8 25
Adjusted Earnings Per Share 1.7 4.4 9.2 13

True Colors Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1 6 15 55
Minority's Interest 0 0 0 0
Borrowings 0 10 23 23
Other Non-Current Liabilities 0 0 1 2
Total Current Liabilities 10 29 67 75
Total Liabilities 11 46 106 155
Fixed Assets 0 0 40 47
Other Non-Current Assets 0 11 5 2
Total Current Assets 11 35 61 106
Total Assets 11 46 106 155

True Colors Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 5
Cash Flow from Operating Activities 0 -20 9 6
Cash Flow from Investing Activities 0 -1 -34 -8
Cash Flow from Financing Activities 0 22 29 3
Net Cash Inflow / Outflow 1 -0 4 0
Closing Cash & Cash Equivalent 1 1 5 5

True Colors Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.73 4.36 9.18 13.03
CEPS(Rs) 1.73 4.37 10.5 14.84
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 2.26 7.09 16.28 29.26
Core EBITDA Margin(%) 7.52 6.9 8.72 17.64
EBIT Margin(%) 7.62 7.23 8.5 16.34
Pre Tax Margin(%) 7.45 6.77 7.17 14.15
PAT Margin (%) 5.46 4.86 5.15 10.57
Cash Profit Margin (%) 5.46 4.87 5.89 12.03
ROA(%) 4.64 13.96 10.89 18.93
ROE(%) 76.72 111.74 78.6 70.49
ROCE(%) 106.99 43.13 27.89 43.85
Receivable days 260.27 44.77 41.4 62.15
Inventory Days 37.86 25.8 42.13 48.74
Payable days 372.58 53.62 56.64 83.01
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) -0.05 0.25 0.32 0.25
EV/Core EBITDA(x) -0.68 3.41 3.51 1.42
Net Sales Growth(%) 0 791.9 98.46 45.96
EBIT Growth(%) 0 746.62 133.22 180.58
PAT Growth(%) 0 692.78 110.46 199.47
EPS Growth(%) 0 151.67 110.46 41.84
Debt/Equity(x) 0 3.15 3.87 0.86
Current Ratio(x) 1.06 1.2 0.91 1.42
Quick Ratio(x) 0.97 0.84 0.52 0.93
Interest Cover(x) 44.18 15.73 6.38 7.47
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 46% 196% 0% 0%
Operating Profit CAGR 180% 248% 0% 0%
PAT CAGR 213% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 70% 87% 84% 84%
ROCE Average 44% 38% 55% 55%

Company Contact Information

True Colors Ltd.

Gandharva Javanika

+91 7069169145

cs@truecolorsgroup.com

P-8, Gr Flr To 3rd Flr Somakanjiini Wadi Patel Line Khatodara

IPO Lead Manager(s)

True Colors Ltd.

GYR Capital Advisors Pvt Ltd.

Registrar Info

True Colors Ltd.

Bigshare Services Pvt Ltd

Office No S6-2, 6th Floor, Pinnacle Business Park,ext to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai - 400093 (old address - Bharat Tin Works building, 1st floor, Opp. Vasant Oasis, Andheri East Mumbai - 400 059 Tel: + 91 21 626 38200 Fax:

91-022-62638200

91-022-62638299

Investor@bigshareonline.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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