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 current subscription status of True Colors Limited IPO?

True Colors Limited IPO has received a total subscription of 40.42 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

40.42x

Total Demand

QIB Multiplier

35.85x

Institutions & Funds

NII / HNI

47.31x

High Net-Worth

Retail (RII)

40.06x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 40.42x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,270,800	45,562,800	35.85x
NIB	957,600	45,302,400	47.31x
HNIs(10L +)	638,400	33,079,200	51.82x
HNIs (2-10L)	319,200	12,223,200	38.29x
RETAIL	2,229,600	89,307,600	40.06x
Total	5,415,600	225,475,200	40.42x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 41.25x

Category	Applications Reserved	Applications Received	Times Subscribed
QIB	—	69	0.00x
NIB	—	12,050	0.00x
RETAIL	1,858	74,423	40.06x
HNIs(10L +)	355	5,717	16.10x
HNIs (2-10L)	177	6,333	35.78x
Total Applications	2,390	98,592	41.25x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for True Colors Limited IPO is ₹10 per equity share. Based on the upper price band of ₹181 to ₹191 per equity share, the estimated listing price is ₹201 (+5.2% expected listing 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, the expected profit per application lot is approx ₹6,000 (+5.2% gain). Minimum application cost is approx ₹1,14,600.

What is the issue size and price band for True Colors Limited IPO?

The True Colors Limited IPO aggregate issue size is ₹127.96 Crores with an equity price band set at ₹181 to ₹191 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,14,600.

How can I check True Colors Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 40.42x (Retail: 40.06x, QIB: 35.85x, NII: 47.31x). You can track live multiples directly on our dedicated subscription page.

Where and when will True Colors Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-09-26. Investors can verify status using PAN card or application number.

When is the listing date for True Colors Limited IPO?

True Colors Limited shares are scheduled to list on BSE on 2025-09-30.