True Colors Ltd - IPO

True Colors Ltd IPO Details

Initial public offer of 66.99,600 equity shares of face value of Rs. 10/- each (Equity Shares) of True Colors Limited (the Company or Truecolors or Issuer) at an offer price of Rs.191 per equity share (including a share premium of Rs. 181 per equity share) for cash, aggregating to Rs. 127.96 crores (Public Offer) comprising a fresh issue of to 56,99,600 equity shares aggregating to Rs. 108.86 crores (the Fresh Issue) and an offer for sale of 2,50,000 equity shares by Ashishkumar Durlbhbhai Mulani, 2,50,000 equity shares by Sanjay Raghubhai Desai, 2,50,000 equity shares by Sagarkumar Bipinbhai Mulani; and 2,50,000 equity shares by Panchani Satishkumar Jayantibhai (the Promoter Selling Shareholders) aggregating 10,00,000 equity shares by the promoter selling shareholders (Offer for Sale) aggregating to Rs.19.91 crores out of which 3,36,000 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 191 per equity share for cash, aggregating Rs. 6.42 crores will be reserved for subscription by the market maker to the offer (the Market Maker Reservation Portion). The public offer less market maker reservation portion i.e. offer of 63,63,600 equity shares of face value of Rs. 10/- each, at an offer price of Rs. 191 per equity share for cash, aggregating upto Rs. 121.54 crores is hereinafter referred to as the Net Offer. The public offer and net offer will constitute 27.17 % and 25.81 % respectively of the post-offer paid-up equity share capital of the company.

Objective of issue

Funding working capital requirements of the company. Repayment/prepayment of all or certain of the borrowings availed of by the company. General corporate purposes.

True Colors Ltd Contact Details

True Colors Ltd, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@truecolorsgroup.com

Website - https:, truecolorsgroup.com