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.

What is the estimated listing price for True Colors Limited IPO?

Based on the upper price band of ₹191 and current GMP of ₹10, the estimated listing price is ₹201 (approx. 5.2% gain).

What is the expected profit per lot for True Colors Limited IPO?

With a lot size of 600 shares and current GMP of ₹10, expected profit per retail application lot is approximately ₹6,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

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

Live Grey Market Premium

True Colors Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹10+5.2%

Issue Price (Upper)

₹191

Band: ₹181 – ₹191

Estimated Listing Price

₹201

Upper price + GMP

Lot Size

600 shares

Min investment ₹1,14,600

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹10	5.2%	₹201
30 Oct 2026	+₹10	5.2%	₹201
29 Oct 2026	+₹9	4.7%	₹200

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is True Colors Limited IPO GMP today?

The latest grey market premium for True Colors Limited IPO is ₹10, which indicates an expected listing price of ₹201.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.