True Colors IPO Allotment Status: How to Check Status, Refunds, and Next Steps

Mumbai, September 25, 2025: With True Colors Limited’s SME IPO closing to a strong 42.36 times subscription, investor attention has now shifted to the allotment status. Applicants are keenly awaiting confirmation of whether they got allotment and what the next steps for refunds, demat credits, and listing are.

How to Check True Colors IPO Allotment Status on Registrar’s Website (Bigshare Services)

• Go to the IPO Allotment Status page of the registrar, Bigshare Services Private Limited: https://www.bigshareonline.com/ipo_allotment.html
• Choose “True Colors Limited” from the dropdown.
• Choose any one of the following identifiers: PAN, Application Number, or DP ID & Client ID (NSDL/CDSL).
• Fill in the captcha and click Search/View.

If shares are allotted, the status will show quantity and amount. If not, the message will indicate “No Allotment.”

How to Check True Colors IPO Allotment Status on the BSE Website

• Go to BSE’s “Status of Issue Application” page: https://www.bseindia.com/investors/appli_check.aspx
• Issue Type: Choose Equity.
• Issue Name: Choose True Colors Limited.
• Type PAN or Application Number, enter captcha, and click Search.

What to Do if Allotment Status is Not Yet Visible?

If you visit the portals before the finalisation of the allotment basis, you may get the message “No records found.” Investors are requested to retry after the exchanges and registrar release the final data.

True Colors IPO Refunds, Mandates, and Demat Credits

UPI investors who are not allotted will have their blocked funds automatically credited after the allotment process is completed. In the case of ASBA applicants, the lien would be released by their respective banks. Successful allottees can have shares credited to their demat accounts prior to listing. Notifications would generally be issued through SMS or mail by the registrar and brokers once allotment is made.

True Colors IPO Anchor Allocation

Before the public issue, True Colors Limited mobilized funds by allocating 19,05,600 equity shares at ₹191 per share to 24 anchor investors on September 22, 2025. The notable names were Santosh Industries Ltd, HDFC Bank Ltd, Niveshaay Hedgehogs Fund, Pine Oak Global Fund, Shine Star BuildCap Pvt Ltd, and Resonance Opportunities Fund.

True Colors IPO Subscription Snapshot

The IPO saw healthy demand from all categories of investors. The total subscription was 42.36 times, while the Qualified Institutional Buyers (QIBs) subscribed 43.41 times, Non-Institutional Investors (NIIs) subscribed 37.70 times, and retail investors subscribed 44.46 times. High Net Worth Individuals (HNIs) with bids higher than ₹10 lakh subscribed even at a higher 55.57 times.

True Colors IPO Lead Manager & Registrar

The IPO was handled by GYR Capital Advisors Pvt Ltd as Book Running Lead Manager, while Bigshare Services Pvt Ltd acted as Registrar to the Issue.

Surat-based True Colors Limited is a three-pronged model play in the digital textile printing space. It imports and distributes wide-format printers and inks, produces sublimation paper internally, and provides digital textile printing solutions.

True Colors IPO consisted of a new issue aggregating up to 56,99,600 shares and an offer for sale aggregating up to 10,00,000 shares, in all aggregating a total offer of 66,99,600 shares. The issue was at a price band of ₹181–₹191 per share, which is open for subscription on September 23–25, 2025, and is scheduled to get listed on the BSE SME platform.

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