True Colors IPO Allotment Status: Steps To Verify Status
The bidding window for the True Colors SME IPO was open from September 23, 2025, to September 25, 2025. The basis of allotment will be finalised today, September 26, 2025. Here’s how you can check the IPO allotment status.
Procedure to Check True Colors IPO Allotment Status Online On BSE
- Click here to visit the BSE’s application status page.
- In Issue Type, “Equity”.
- In Issue Name, select “True Colors LIMITED”.
- Enter your “Application No.” or “PAN”
- Click on “I am not a robot”.
- Click “Submit”.
Procedure to Check True Colors IPO Allotment Status on Bigshare Services Limited (Registrar to the issue)
- Visit the Bigshare Services IPO allotment status page here.
- Click any of the server links.
- In Company Selection, select “True Colors LIMITED”.
- Enter either your application number, beneficiary ID or PAN.
- Enter the captcha and click “Search”.
IPO Details
True Colors IPO is a book-building issue of ₹127.96 crores, consisting of a fresh issue of ₹108.86 crores and an offer for sale of ₹19.10 crores. The price band is set between ₹181 and ₹191 per share. The tentative listing on BSE SME is September 30, 2025.
GYR Capital Advisors Pvt. Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar for the issue.
Use of Proceeds
The net proceeds from the fresh issue will be used towards
- Funding working capital requirements
- Repay/prepay outstanding debt
- General corporate purposes
True Colors IPO – Overall Subscription Status
(September 25, 2025, end of the day)
|
Category |
Subscription (times) |
|
Qualified Institutional Investors (QIBs) |
43.41 |
|
Non-Institutional Investors |
50.58 |
|
Individual Investors (IND category bidding for 2 Lots) |
44.42 |
|
Total |
45.46 |
True Colors Business Overview
True Colors is engaged in the business of distribution, manufacturing, and supply of advanced digital textile printing solutions. Their business model includes three core areas: a) Import & Distribution of Machinery and Inks b) Sublimation Paper Manufacturing c) Digital Textile Printing Services.
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