True Colors Lists at ₹191 on BSE SME; Stock Hits 5% Lower Circuit on Debut

Mumbai, September 30, 2025: The shares of True Colors Limited have made a weak debut on the stock exchanges today. The stock was listed on the issue price (₹191 per share), but the selling pressure mounted soon, and it slipped by 5% and reached the lower circuit at ₹181.45 within the first couple of trading hours. There was a slight improvement, and the share traded at ₹185 (down 3.14% from the listing price) at 2:30 PM.

Almost 98.50% of the open orders were from sellers, and the traded volume exceeded 22 lakh shares by the given time.

True Colors IPO Listing Day Snapshot

The stock debuted at its issue price of ₹191, with no listing gains. It touched a high of ₹191 but slipped to a low of ₹181.45, closing near its VWAP of ₹189.45, reflecting mild selling pressure post-listing. Market capitalization stood at ₹447.36 crore (full) and ₹86.99 crore (free float). The debut saw robust participation, with over 20 lakh shares traded and a turnover of over ₹38 crore. Overall, the listing was flat, with liquidity but limited upside for investors.

True Colors IPO Anchor Allocation

Before True Colors IPO opening, the company allotted 19,05,600 shares to 24 anchor investors at ₹191 per share. Notable participants included 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 Recap

The issue was oversubscribed by 42.36 times with an overwhelming response recorded from all categories of investors, including QIBs and NIIs. Retail investors also contributed significantly, with a 44.46 times oversubscription.

True Colors IPO Lead Manager & Registrar

The Lead Manager of the issue is GYR Capital Advisors Pvt Ltd, and the registrar to the issue is Bigshare Services Pvt Ltd.

About the Company

The company is headquartered in Surat and operates in digital textile printing. The company also distributes imported printers and inks and manufactures sublimation paper. It also has a division that provides textile printing services. The company will utilise the IPO proceeds for debt repayment, working capital and general corporate purposes.

REF: https://www.bseindia.com/stock-share-price/true-colors-ltd/truecolors/544531/

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