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Twinkle Papers IPO
Price Band
₹64.0–69.0
Issue Size
₹27.52 Cr
Lot Size
2,000 shares
Min Investment
₹276,000
2 LOTS MIN
GMP
—
Issue Price
₹69.0
Twinkle Papers IPO AI Summary
- Twinkle Papers IPO is listed on BSE SME in the Packaging sector.
- Price band: ₹64.0–₹69.0 per share, lot size 2,000 shares (min. investment ₹276,000, 2 lots minimum).
- Subscription window: 29 Jun–01 Jul 2026, listing on 06 Jul 2026.
Twinkle Papers Limited is an established player in the packaging sector, offering a diverse range of products. The company has shown consistent revenue and profit growth, although the most recent figures are from a stub period. Investors should consider their risk tolerance and investment strategy when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
0.24x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
2.09x
|
2.09x |
| NII (HNI) |
0.02x
|
0.02x |
| ↳ bNII (>₹10L) |
0.01x
|
0.01x |
| ↳ sNII (<₹10L) |
0.03x
|
0.03x |
| Retail (RII) |
0.26x
|
0.26x |
| Total | 0.24x | 0.24x |
Auto-updated every 5 min · As of 30th Jun 2026 17:07
Twinkle Papers IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Twinkle Papers Limited, incorporated on September 27, 1995, is engaged in the manufacturing of packaging and material handling solutions for a wide range of industries. The company produces corrugated packaging products as well as polymer-based molded products designed to meet diverse industrial packaging and storage requirements. The company utilizes advanced manufacturing technologies such as blow molding, injection molding, and rotational molding to produce high-quality plastic packaging and handling products. Its offerings cater to customers across sectors including food & beverages, dairy, pharmaceuticals, construction chemicals, textiles, healthcare, and industrial manufacturing. Twinkle Papers markets its products under the "Twinkle" brand and offers a diversified product portfolio comprising: Corrugated boxes and packaging solutions Multi-color printed fiberboard cartons HDPE drums and jerry cans Plastic crates and industrial pallets Molded plastic furniture Waste management bins and dustbins The company also manufactures a variety of industrial packaging components, including lids, handles, pallets, drums, jerry cans, and other ancillary products. Production primarily utilizes HDPE and LLDPE plastic granules, enabling the company to serve customers across industries such as food processing, healthcare, chemicals, textiles, refineries, and consumer goods. Supported by an in-house research and development team, the company collaborates closely with customers to develop customized polymer-based packaging solutions tailored to their specific requirements. Its manufacturing facilities operate under quality management systems compliant with ISO 9001:2015 standards, reflecting its commitment to product quality and operational excellence. As of January 31, 2025, Twinkle Papers Limited employed 302 personnel across its manufacturing, technical, administrative, and support functions. Key Competitive Strengths Experienced management team and skilled workforce with strong industry expertise. Track record of consistent financial growth and operational performance. Expanding and diversified customer base across multiple industries. Scalable business model supported by integrated manufacturing capabilities. Promoters and senior management possessing extensive domain knowledge and execution experience.
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 93.37 | 75.38 | 61.22 | 50.64 |
| Total Income | 73.13 | 83.98 | 58.75 | 54.96 |
| Profit After Tax | 5.40 | 3.33 | 1.61 | 0.90 |
| EBITDA | 10.75 | 9.63 | 8.47 | 5.47 |
| NET Worth | 24.94 | 19.54 | 11.07 | 9.46 |
| Reserves and Surplus | 13.77 | 8.37 | 10.13 | 8.52 |
| Total Borrowing | 53.69 | 40.79 | 33.88 | 29.62 |
Key Ratios
EPS
₹2.98
NAV
₹17.50
ROE
17.75%
ROCE
22.83%
RoNW
17.75%
P/B Value
3.94
P/E Ratio
23.16
Market Cap
₹104.54 Cr
PAT Margin
4.25%
Debt/Equity
2.09
Promoters
Amit Jain, Ayush Jain and Ruchi Jain
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet out the capital expenditure for expansion at the existing manufacturing facility by purchase of new machinery 6.50 2 To repayment of portion of loans availed by the Company 7.00 3 To meet the Working Capital requirements of the Company 8.00 4 To meet the General Corporate Purposes Total 21.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹54.96 Cr in the period ending 31 Mar 2023, increasing to ₹58.75 Cr by 31 Mar 2024, then rising further to ₹83.98 Cr by 31 Mar 2025. However, it decreased to ₹73.13 Cr in the period ending 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹0.90 Cr for the year ending 31 Mar 2023, which increased to ₹1.61 Cr by 31 Mar 2024. It further rose to ₹3.33 Cr by 31 Mar 2025, and then increased to ₹5.40 Cr in the period ending 31 Dec 2025, though this is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected listing price of the IPO shares based on demand and supply dynamics in this unofficial market. A higher GMP suggests strong demand, while a lower or negative GMP indicates weaker demand.
Subscription Demand
As of 30th June 2026, the IPO was subscribed 0.24 times overall. The QIB category saw a subscription of 2.09 times, while the retail category was subscribed 0.26 times. The NII category had a low subscription of 0.02 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's essential to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be subject to price fluctuations and market uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on 29th June 2026 and closes on 1st July 2026. Allotment of shares is expected by 2nd July 2026, with shares listed on the stock exchange on 6th July 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market conditions and investor sentiment. While some IPOs may see a spike in share prices on listing day, others may not perform as well, leading to potential losses for investors.
This evaluation is generated from Twinkle Papers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Twinkle Papers IPO?
The price band of Twinkle Papers IPO is ₹64.0–₹69.0 per share.
When does Twinkle Papers IPO open and close?
Twinkle Papers IPO opens on 29 June 2026 and closes on 01 July 2026.
When does Twinkle Papers IPO list on the stock exchange?
Twinkle Papers IPO listed on 06 July 2026 at ₹69.0.
What is the lot size for Twinkle Papers IPO?
The lot size for Twinkle Papers IPO is 2000 shares, requiring a minimum investment of ₹276,000 (2 lots).
What is the lot size for the Twinkle Papers IPO?
The lot size for the Twinkle Papers IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required for the Twinkle Papers IPO is ₹276,000.
What is the price band for the IPO?
The price band for the Twinkle Papers IPO is between ₹64.0 and ₹69.0.
When is the listing date for the IPO?
The listing date for the Twinkle Papers IPO is 6th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO shares based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹20.0 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
ICICI Prudential MF
Nippon India MF
Bandhan MF
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
29 Jun 2026
Close
01 Jul 2026
Allotment
02 Jul 2026
Listing
06 Jul 2026
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