True Colors Raises INR 37 Crore Ahead of IPO, Attracts HDFC Bank and Niveshaay
True Colors, a digital textile printing company, has made waves in the industry with its integrated business model and robust growth. Ahead of its IPO, the company raised INR 37 crore from 24 anchor investors, including Niveshaay Hedgehogs Fund and HDFC Bank. Adroit Financial Services also invested in the company's pre-IPO round.
Founded in 2021, True Colors operates across the digital textile printing value chain, trading high-end machines and inks, producing sublimation paper in-house, and offering customised digital fabric printing services. The company serves a wide range of clients, including apparel brands, exporters, fabric traders, and home decor manufacturers. It is the authorised distributor of global brands such as Konica Minolta and Hopetech.
True Colors has demonstrated impressive growth, with revenues reaching INR 233.65 crore and profit after tax jumping to INR 24.68 crore in FY25. The company's vision, led by Managing Director Sanjay Raghubhai Desai, is to transform textile printing with technology, speed, and sustainability. Niveshaay, a SEBI-registered Alternative Investment Fund (AIF) manager, has shown confidence in True Colors by investing INR 10 crore in the company.
True Colors' INR 128 crore Initial Public Offering (IPO) opened on September 30, 2025, with strong demand and was listed on the BSE SME platform. The company's strategic positioning and growth potential have attracted investments from prominent financial institutions, positioning it well for future growth in the shifting textile sector.
Read also:
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
- Manipulating Sympathy: Exploiting Victimhood for Personal Gain
- Prices remain a concern for the Germans
- Auto Industry Updates: Geotab, C2A, Deloitte, NOVOSENSE, Soracom, and Panasonic in Focus
