Ace investor Mukul Agarwal purchased nearly 4 lakh shares in True Colors Limited during the quarter ended March 31, taking a 1.62% stake in the digital textile printing firm. The stock surged 10% on the news, reaching a high of Rs 179.15, even as it trades below its initial public offering price of Rs 191. This move signals confidence in a company that listed on the BSE SME platform just months ago.
True Colors' Operations and Rapid Expansion
Founded in October 2021, True Colors imports and distributes digital textile printers while supplying inks and services for the industry. The firm targets exporters, manufacturers, designers, and entrepreneurs with complete printing solutions. Its SME initial public offering, a book-built issue of Rs 128 crore, opened on September 23, 2025, blending a fresh issue of 57 lakh shares worth Rs 108.86 crore and an offer for sale of 10 lakh shares at Rs 19.10 crore.
Strong Financial Performance Fuels Interest
True Colors posted a standalone net profit of Rs 24 crore in the latest quarter, marking 184% growth from Rs 8.5 crore a year earlier. Revenue climbed 46% to Rs 234 crore from Rs 161 crore in the prior period. These results highlight the rising demand for digital textile technologies amid shifts in manufacturing and design sectors.
Agarwal's Portfolio and Investment Signals
Trendlyne data shows Agarwal holds 73 stocks with a net worth over Rs 6,369 crore. His picks include J Kumar Infraprojects, Ajmera Realty, Allcargo Logistics, Ceat, LT Foods, and India Metals & Ferro Alloys. Such investments often draw market attention, potentially stabilizing or lifting smaller firms like True Colors as they scale post-listing.
