Mumbai, Sept. 30 -- The scrip was listed at Rs 191, matching the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 191 and a low of Rs 181.45. About 20.48 lakh shares of the company changed hands at the counter.

True Colors' IPO was subscribed 42.36 times. The issue opened for bidding on 23 September 2025 and it closed on 25 September 2025. The price band of the IPO was fixed between Rs 181 to 191 per share.

The IPO comprised 66,99,600 equity shares, including a fresh issue of 56,99,600 equity shares and offer for sale (OFS) of 10,00,000 equity shares.

The company intends to utilize the net proceeds for funding working capital requirements of t...