ListedSMEChemicalsTRUECOLORS

True Colors Limited

True Colors Limited is an SME IPO raising ₹127 Cr at ₹181 – ₹191 a share. It listed on 30 Sept 2025 at ₹191, 0.0% against its issue price of ₹191, and trades at ₹149 today (−22.0% since issue). It was subscribed 44× in total.

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₹191

Issue price

₹149

Price now

−22.0%

Since issue price

30 Sept 2025

Listed on

44×Subscribed (final) · all exchanges

44.3 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹181 – ₹191

Cut-off price₹191

Issue size₹127 Cr

Shares per lot600

Minimum application₹1,14,600

Minimum quantity1200

Face value₹10

Listing exchangesBSE

ISININE1LDV01015

Bidding hours10:00 – 17:00 IST

Bidding window23 Sept 2025 – 25 Sept 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.