True Colors Limited Raises Rs 36.40 Crores from Anchor Investors Ahead of IPO

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True Colors Limited Raises Rs 36.40 Crores from Anchor Investors Ahead of IPO

True Colors Limited, a fully integrated provider of digital textile printing solutions, has successfully raised Rs 36.40 crores from marquee anchor investors ahead of its Initial Public Offering (IPO) of Rs 127.96 crores. 

True Colors Limited, a fully integrated provider of digital textile printing solutions, has successfully raised Rs 36.40 crores from marquee anchor investors ahead of its Initial Public Offering (IPO) of Rs 127.96 crores. The company’s shares will be listed on the BSE SME platform.

The anchor book witnessed strong participation from reputed investors. The allocation included:

  • Niveshaya Hedgehogs Fund
  • Santosh Industries Limited
  • Shine Star Build Cap Pvt Ltd
  • Finavenue Capital Trust – Finavenue Growth Fund
  • HDFC Bank Limited
  • Neo Alternatives Investment Trust – NEO Dynamic Strategy Fund
  • Nine Alps Trust – Nine Alps Opportunity Fund
  • Vira Air Trust – Vira Bharat Opportunities Fund
  • and many others

In total, 24 anchor investors participated in the offering, reflecting strong institutional confidence in the company’s growth prospects.

Key Financial & Business Highlights

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  • Revenue: Rs 23,365.62 lakhs in FY25, reflecting strong growth momentum.
  • Profitability: EBITDA of Rs 4,091.20 lakhs and PAT of Rs 2,469.38 lakhs.
  • Return Ratios: ROE of 70.49 per cent and ROCE of 35.94 per cent, underscoring capital efficiency.
  • Scale: Sublimation paper capacity of ~10.16 crore meters and combined polyester & cotton fabrics capacity of ~1.43 crore meters.
  • Partnerships: Distributor for leading global brands such as KONICA MINOLTA, HOPETECH, ITTEN, PENGDA, and SKYJET.
  • Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, OEKO-TEX Standard 100, and Global Recycled Standard (GRS).

The IPO will open on September 23, 2025 and close on September 25, 2025, with a price band of Rs 181–Rs 191 per share. Out of the total issue size of up to 66,99,600 equity shares, up to 3,36,000 shares are reserved for the Market Maker, while the Anchor Investor portion comprises up to 19,05,600 equity shares. The Net QIB portion will be up to 12,70,800 shares (including 64,200 shares reserved for Mutual Funds), the Non-Institutional Portion not less than 9,57,600 shares, and the Individual Investors’ Portion not less than 22,29,600 shares.

GYR Capital Advisors Pvt. Ltd. is the Book Running Lead Manager for the issue, while Bigshare Services Pvt. Ltd. is the Registrar.

Disclaimer: The article is for informational purposes only and not investment advice.