True Colors Limited, incorporated on October 09, 2021, is a fully integrated provider of digital textile printing solutions, uniquely combining the supply of high-end digital textile printing machines and compatible inks, in-house manufacturing of sublimation paper, and customized printing services and printed fabrics. announced the launch of its Initial Public Offering to raise Rs 127.96 Crores.
- Issue Opens: September 23, 2025
- Issue Closes: September 25, 2025
- Price Band: Rs 181- 191 per share
- Lot Size: 1200 Shares
- Listing: BSE SME
The IPO will open/closes for Anchor Portion on September 22, 2025, And Bid/Issue Opens on September 23, 2025, Bid/Offer Closes on September 25, 2025. The price band has been fixed at Rs 181 to Rs 191 per equity share. The shares will be listed on the BSE SME platform, with a tentative listing date of September 30, 2025.
India’s textile sector is at the cusp of a digital transformation, and True Colors Limited is uniquely positioned with its integrated ecosystem to capitalize on this shift. The company operates across three verticals – import & distribution of printers and inks, sublimation paper manufacturing, and digital textile printing services – serving manufacturers, exporters, fashion brands, and traders nationwide. With FY25 Revenue of ₹23,365.62 Lakhs, EBITDA of ₹4,091.20 Lakhs, and PAT of ₹2,469.38 Lakhs, the company combines strong growth with healthy margins, delivering ROE of 70.49% and ROCE of 35.94%, showcasing capital efficiency and scalability.
