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( As on 19/09/2025 21:10)

True Colours announces launch of initial public offering

True Colors Ltd. has announced public offering of 6700800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 181.00 per share. The gross proceeds of the issue are expected to be Rs 12,798.53 lakhs.

The company's initial public offer (IPO) will open on 23 September 2025 and is expected to close on 25 September 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 181.00-191.00 per share.

The IPO includes a fresh Issue of 6700800 Equity Shares of the Company at an price of Rs 191.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

True Colors Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.