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True Colors IPO is a Book Building listing on NSE EMERGE exchange. The company is based in Surat and caters to Chemical sector. GYR Capital Advisors is the merchant banker of True Colors IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th April 2025.
True Colors IPO posted revenues of ₹ 221.04 crores and PAT of ₹ 18.67 crores in FY25 on annualised basis.
Revenue:
₹ 221.04 Cr.
EBITDA Margin:
14.71
% 
Net Worth: ₹ 22.62 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: [●]
Financial results of True Colors IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.
| Financials | Dec-24 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|---|
|
Balance Sheet
|
|||||
| Assets | 154.70 | 105.90 | 45.53 | 10.64 | |
| Net Worth | 22.62 | 14.61 | 6.37 | 0.64 | |
| Total Debt | 58.76 | 56.55 | 20.04 | [●] | |
|
Profit & Loss
|
|||||
Revenue
Revenue on annualised basis |
165.78
221.04 |
160.08 | 80.66 | 9.04 | |
EBITDA
EBITDA on annualised basis |
24.39
32.52 |
14.50 | 5.67 | 0.69 | |
PAT
PAT on annualised basis |
14.00
18.67 |
8.25 | 3.92 | 0.49 | |
True Colors IPO PAT Margin is 8.44 % , ROCE (Return on Capital Employed) is 24.72 % as per latest financial. The below table shows True Colors IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.
| Particulars | Dec-24 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| EBITDA Margin (%) | 14.71 | 9.06 | 7.03 | 7.63 |
| PAT Margin (%) | 8.44 | 5.15 | 4.86 | 5.42 |
| EPS (₹) | 15.60 | 9.18 | 12.17 | 1.73 |
| ROE (%) | 61.89 | 56.47 | 61.54 | 76.56 |
| ROCE (%) | 24.72 | 18.56 | 21.43 | 106.64 |
| ROA (%) | 9.05 | 7.79 | 8.61 | 4.61 |
| Debt to Equity | 2.60 | 3.87 | 3.15 | [●] |
The market Capitalisation of True Colors IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.
The True Colors IPO prospectus highlights an Return on Equity (ROE) of 15 %, Return on Assets (ROA) of 12 %, and an EBITDA Margin of 18 %, showcasing financial performance.
Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows True Colors IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.
The post-IPO market capitalisation of True Colors IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.
The True Colors IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.
True Colors IPO reported revenue of ₹ 221.04 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from True Colors IPO provide insights into sales growth, market demand, and business scalability.
True Colors recorded an EBITDA of ₹ 32.52 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.
True Colors Profit After Tax (PAT) is ₹ 18.67 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions
Revenue:
₹ 221.04 Cr.
EBITDA Margin:
14.71
%
Net Worth: ₹ 22.62 Cr.
Market Capitalisation:
[●]
P/E:
[●]
P/BV: [●]
EV/EBITDA: [●]
True Colors operates in Chemical and Import And Distribution Of Digital Textile Printers And Manufacturing And Supplying Of Products Related To Digital Textile. The Issue is listed on NSE EMERGE in May, 2025. True Colors IPO size was with Issue price of .
Merchant Banker(s) of True Colors IPO: GYR Capital Advisors Private Limited
True Colors IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
True Colors IPO listed at a listing price of against the offer price of .
The current market price of True Colors is .
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