What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the True Colors Limited IPO allotment date?

The basis of allotment for True Colors Limited IPO is scheduled to be finalized on 26 Sep 2025.

Where can I check True Colors Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 27 Sep 2025.

True Colors Limited

ListedSME

Paints & Coatings · BSE

True Colors Limited, established in October 2021, is engaged in importing and distributing digital textile printers, inks, and related solutions for the textile printing industry. It caters to exporters, manufacturers, designers, and entrepreneurs by offering machinery from global brands, along with sublimation inks for polyester, reactive inks for natural fibers, and disperse inks for polyester fabrics. The company also provides digital textile printing services and is expanding into printed fabric supply. With a focus on trust, technology, and transformation, it operates through a mix of manufacturing and trading and has built a strong presence across India with offices and service hubs in key textile hubs such as Surat, Amritsar, Panipat, Ludhiana, Delhi, Erode, Mumbai, Tirupur, Kolkata, and Varanasi.

Price Band

₹181 – ₹191

Issue Size

₹128 Cr

Lot Size

600 shares

GMP

₹10

+5.2%

Est. Listing

₹201

at current GMP

Subscribed

40.42x

overall

Open

23 Sep 2025

25 Sep 2025

Allotment

26 Sep 2025

Refund

27 Sep 2025

Demat Credit

28 Sep 2025

Listing

30 Sep 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

True Colors Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

26 Sep 2025

Basis finalization

Refunds Initiate

27 Sep 2025

Mandate release

Demat Credit

28 Sep 2025

Shares in demat

Listing Debut

30 Sep 2025

Trading begins

How to Check True Colors Limited IPO Allotment Status

Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
Select True Colors Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About True Colors Limited Public Issue & Market Profile

True Colors Limited is bringing an initial public offering (IPO) in the Paints & Coatings sector with an aggregate issue size of ₹127.96 Crores. The shares are offered at a price band of ₹181 to ₹191 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,14,600 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-09-28, while un-allotted funds or UPI block mandates will be released on 2025-09-27.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.