True Colors IPO

Incorporated in October 2021, True Colors Limited imports and distributes digital textile printers and supplies products for the digital textile printing industry. They offer digital textile printing solutions, including machines, inks, and services, targeting businesses like exporters, manufacturers, designers, and entrepreneurs. The company emphasises trust, technology, and transformation, aiming to help these businesses modernise and grow. The company's business model encompasses manufacturing and trading, with three key pillars in digital textile printing: Machinery & Ink Supply (Import & Distribution): Imports and distributes high-quality wide format digital textile printers from brands like KONICA MINOLTA, HOPETECH, ITTEN, PENGDA, and SKYJET. Sublimation Inks: The sublimation inks are formulated for polyester fabrics and designed for transfer printing. Reactive Inks: The reactive inks offer deep colour saturation, fixation, and fastness for direct printing on natural fibres such as cotton, viscose, and silk. Disperse Inks: Engineered for direct-to-fabric printing on polyester materials. Digital Textile Printing: Offers digital textile printing for customers outsourcing needs, while expanding to printed fabric supply. The company has established a presence across India through regional offices and service hubs in key textile manufacturing centers like Surat, Amritsar, Panipat, Ludhiana, Delhi, Erode, Mumbai, Tirupur, Kolkata, and Varanasi. Competitive Strength Full-Fledged Digital Textile Ecosystem. Nationwide Presence and Rapid Service Support. Reliable Customer Engagement and Recurring Revenue. Advanced Manufacturing Facility and Supply Chain Control. Experienced Leadership supported by Professional Management.

The Company True Colors IPO proposes to utilise the Net Proceeds from the Issue towards the following objects: S.No. Objects of the Issue Expected Amount (₹ in crores) 1 Funding working capital requirements of the company 48.90 2 Repayment/prepayment of all or certain of our borrowings availed of by the Company 40.40 3 General corporate purposes

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