Ace investor Mukul Agarwal has significantly increased his stake in True Colors Limited, purchasing 1.62% of the company during the quarter ended March 31. According to reports from The Economic Times, Agarwal acquired nearly 4 lakh shares in the textile printing solutions provider. This investment adds to his extensive portfolio of 73 stocks with a combined net worth exceeding ₹6,369 crore, as reported by Trendlyne.
Following the investment announcement, True Colors shares experienced a strong rally, jumping 10% to reach the day's high of ₹179.15. As reported by The Economic Times, the stock is currently trading 10% below its IPO price of ₹191, indicating a potential recovery from its post-listing performance. The company's shares were listed on the BSE SME platform on September 30, 2025.
Founded in October 2021, True Colors Limited specializes in importing and distributing digital textile printers, along with supplying products for the digital textile printing industry. According to The Economic Times, the company provides end-to-end digital textile printing solutions, covering machines, inks, and related services, catering to exporters, manufacturers, designers, and entrepreneurs. The company's SME issue launched on September 23, 2025.
The company's IPO was a book building issue of ₹128 crores, combining a fresh issue of 57 lakh shares aggregating to ₹108.86 crores and an offer for sale of 10 lakh shares aggregating to ₹19.10 crores. As reported by The Economic Times, True Colors reported a standalone net profit of ₹24 crore, representing a 184% year-on-year growth from the previous year's ₹8.5 crore. The company's total revenue in the quarter under review stood at ₹234 crore, marking a 46% increase from the corresponding quarter of the last financial year.
According to The Economic Times, some other notable stocks in Agarwal's portfolio include J Kumar Infraprojects, Monolithisch, Ajmera Realty, Allcargo Logistics, Ceat, Valor Estate, LT Foods, and India Metals & Ferro Alloys. The investment in True Colors represents Agarwal's continued focus on diversified portfolio expansion across various sectors and market segments.
