True Colors IPO Sees Exceptional Demand, Subscribed 45.46x by Day 3

True Colours Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its final day of subscription, with True Colours' stock price set at ₹181-191 per share, reflecting overwhelming market reception. The ₹127.96 crore IPO reached 45.46 times by 5:04:51 PM on day three, indicating exceptional investor interest in this digital textile printing solutions company incorporated in 2021.

True Colors IPO non-institutional investors segment leads with exceptional 50.58 times subscription, whilst individual investors show exceptional 44.42 times, and qualified institutional buyers demonstrate exceptional participation at 43.41 times, whilst anchor investors show complete participation at 1.00 times and market makers show complete participation at 1.00 times, reflecting overwhelming investor confidence in this SME textile technology company.

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IPO Subscription Status

True Colors IPO subscription reached exceptional 45.46 times on day three, led by Non-Institutional Investors (50.58x), Individual Investors (44.42x), and Qualified Institutional Buyers (43.41x). Total applications reached 96,125.

Subscription Details (as of Day 3)

Key Highlights - Day 3

• Overall subscription reached exceptional 45.46 times, surging from day two's 5.50 times with explosive final-day momentum across all categories.
• Non-institutional investors showed exceptional interest at 50.58 times, with bNII segment leading at 55.05 times.
• Individual investors demonstrated exceptional confidence at 44.42 times, rising sharply from 7.38 times on day two.
• Qualified institutional buyers (ex-anchor) stood at 43.41 times, building substantially from 3.93 times on day two.
• Total applications reached 96,125, reflecting massive investor participation for this SME IPO.
• Cumulative bid amount reached ₹3,870.53 crores, representing 3,024% of the issue size of ₹127.96 crores.
• Exceptional performance across all categories reflects strong investor confidence in the digital textile printing technology sector.

Key Highlights - Day 2:

• Overall subscription reached moderate 5.50 times, showing substantial improvement from day one's 2.02 times
• Individual investors displaying strong performance at 7.38 times, building significantly from day one's 1.62 times
• Qualified institutional buyers showing moderate performance at 3.93 times, building slightly from day one's 3.52 times
• Non-institutional investors showing moderate confidence at 3.21 times, building from day one's 0.95 times

Key Highlights - Day 1:

• Overall subscription reached moderate 2.02 times, showing positive initial investor interest in this SME textile technology IPO
• Qualified institutional buyers showing moderate performance at 3.52 times, indicating early institutional confidence
• Individual investors displaying limited confidence at 1.62 times, showing measured retail sentiment
• Non-institutional investors showing limited performance at 0.95 times on opening day

About True Colors Ltd.

Incorporated in 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry. The company offers comprehensive solutions including machinery, inks, and services through three key pillars: machinery & ink supply, sublimation/reactive/disperse inks, and digital textile printing services, with nationwide presence across key textile manufacturing centers.