About Twinkle Papers IPO
Twinkle Papers IPO Details
Twinkle Papers IPO is a 100% book-built issue of 39.88 lakh equity shares worth up to ₹28 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on May 23, 2025 and received approval from SEBI on April 7, 2026.
The price band of the issue is set at ₹64 to ₹69 per share, with a lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail investor) is ₹2,76,000 (4,000 shares). The IPO will be open from June 29 to July 1, 2026, on the BSE SME platform with a tentative listing date fixed as July 6, 2026. The book-running lead manager of the issue is Novus Capital Advisors Pvt. Ltd., while the registrar to the offer is Alankit Assignment Ltd.
Twinkle Papers IPO Date & Timeline
The Twinkle Papers IPO is officially set to open for subscription on Jun 29, 2026 and will close on Jul 1, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on May 23, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 2, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 3, 2026. Finally, shares of Twinkle Papers Ltd. are tentatively scheduled to list on the stock exchanges on Jul 6, 2026.
Twinkle Papers IPO Timeline
| IPO Open Date | Mon, Jun 29, 2026 |
| IPO Close Date | Wed, Jul 1, 2026 |
| Basis of Allotment | Thu, Jul 2, 2026 |
| Initiation of Refunds | Fri, Jul 3, 2026 |
| Credit of Shares to Demat | Fri, Jul 3, 2026 |
| Listing Date | Mon, Jul 6, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Twinkle Papers IPO Details
| Detail | Description |
|---|---|
| IPO Date | 29 Jun to 1 Jul, 2026 |
| Listing Date | 6 Jul, 2026 |
| Face Value | ₹ 10 Per Equity Share |
| Issue Price Band | ₹ 64 to ₹ 69 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Total Issue Size | 39,88,000 shares (agg. up to ₹ 28 Cr) |
| Reserved for Market Maker | 2,00,000 shares (agg. up to ₹ 1 Cr) Nirman Share Brokers Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 37,88,000 shares (agg. up to ₹ 26 Cr) |
| Net Offered to Public | 37,88,000 shares (agg. up to ₹ 26 Cr) |
| Issue Type | Book Built Issue |
| Listing At | BSESME / NSESME |
| Share Holding Pre Issue | 1,11,62,992 shares |
| Share Holding Post Issue | 1,51,50,992 shares |
Twinkle Papers IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Twinkle Papers IPO GMP is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹69.00, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Twinkle Papers GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 23 Jun, 2026 | ₹69.00 | ₹0 | 23 Jun, 202606:15 PM |
| 22 Jun, 2026 | ₹69.00 | ₹0 | 22 Jun, 202606:09 PM |
Company Background
Twinkle Papers Ltd. was incorporated on September 27, 1995, as a private limited company in Chandigarh, Punjab and then on May 19, 2023, the company converted into a public limited company to proceed with its public listing procedure. With over 2 decades of operation, the company has evolved from its origins into a specialised player in the packaging industry.
The company currently operates as a significant provider of industrial packaging solutions, leveraging its extensive experience to serve a broad range of sectors. Twinkle Papers start their journey in 1999 with the installation of their first blow molding machine and then from there they started expanding their manufacturing technologies.
Operations & Product Range
Twinkle Papers Ltd.’s operations are centered on the manufacturing of high-quality polymer-based molded products and corrugated boxes. Its product range includes pallets, crates, drums, cans, jerry cans and various customised corrugated boxes tailored to specific client needs. These products serve as essential components for industries such as textiles, food and beverage, pharmaceuticals, chemicals and telecommunications, demonstrating the company’s ability to cater to both consumer and industrial markets.
Facilities & Capacity
Twinkle Papers Ltd. operates manufacturing facilities that utilize advanced technologies like blow molding, injection molding and rotational molding. The company’s infrastructure is designed to support high-volume production and customisation. Now, with the listing, the company aims to expand its existing manufacturing facility by purchasing new manufacturing equipments.
Brands & Market Presence
Twinkle Papers Ltd. has built a remarkable reputation as a comprehensive packaging solutions provider, maintaining a diverse client base across both domestic and international markets. Its ability to serve multiple industries—from healthcare to power and battery manufacturing—cushions it against sector-specific downturns. The company’s focus on non-perishable raw materials, such as plastic granules, further streamlines its operational efficiency by allowing for effective recycling and waste reduction, reinforcing its standing in the competitive packaging landscape.
Revenue Streams & Business Model
Twinkle Papers Ltd. generates revenue primarily through the sale of its diversified range of plastic packaging products and corrugated boxes. Its business model is characterised by strong customer relationships and a focus on providing customised solutions that meet the specific requirements of various industrial segments. A significant portion of the revenue is derived from established recurring orders, ensuring a level of stability in its financial performance as it continues to expand its geographic and industrial footprint.
Management & Shareholding
The promoters of Twinkle Papers Ltd. are Mr. Amit Jain, Mr. Ayush Jain and Ms. Ruchi Jain. Before the IPO, the promoters held a 94.57% stake and the promoter group held a 4.43% stake; also, there are some public stakeholders in the company, who hold a 1% stake of ownership, but after the IPO, the promoters’ and promoter groups’ ownership will be slightly diluted as the offering includes only a fresh issue of shares.
Board & Key Management
The leadership of Twinkle Papers Ltd. is led by a team of experts with many years of experience. Mr. Amit Jain serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Mr. Amit Jain, the Managing Director, along with Whole-Time Directors Ruchi Jain and Ayush Jain. To ensure good governance, the board includes Independent Directors Avnish Dhingra, Hardeep Singh Nijher and Aashima Dhingra for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Twinkle Papers IPO Financial Information
Latest Revenue
72.07
₹ Crore
Profit After Tax
5.4
₹ Crore
Net Worth
24.94
₹ Crore
Total Borrowing
53.69
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 93.37 | 72.07 | 5.4 | 24.94 | 13.77 | 53.69 | |||
| 31 Mar 2025 | 75.38 | 81.65 | 3.33 | 19.54 | 8.37 | 40.79 | |||
| 31 Mar 2024 | 61.22 | 57.89 | 1.61 | 11.07 | 10.13 | 33.88 | |||
| 31 Mar 2023 | 50.64 | 54.45 | 0.9 | 9.46 | 8.52 | 29.62 | |||
| Amount in ₹ Crore | |||||||||
Twinkle Papers Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 21.66 % |
| ROCE | 18.82 % |
| Debt/Equity | 2.15 |
| RoNW | 21.66 % |
| PAT Margin | 7.49 % |
| EBITDA Margin | 14.92 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.98 | 4.75 |
| P/E (x) | 23.16 | 14.52 |
Twinkle Papers IPO Objectives
The company intended to utilise the Twinkle Papers IPO proceeds for strategic purposes:
- Purchase of new machinery for its existing manufacturing facilities
- Debt repayment
- Funding the working capital requirement
- General corporate purposes
Twinkle Papers IPO Review
Twinkle Papers Ltd. has shown consistent operational growth over the last several years. Its position as a packaging solutions provider in the industrial sector, supported by three decades of experience, offers a stable foundation. The company’s diversified client base across various industries is a notable strength that helps mitigate concentration risk.
Financially, the company has maintained steady growth in revenue and profitability, with comfortable EBITDA margins, as of Q3 of FY26, the EBITDA was reported at ₹10.75 crore, which is almost equal or slightly higher than the EBITDA margin of FY23. This growth trajectory reflects the company’s ability to scale its operations and manage its raw material costs effectively, even in a competitive market environment.
However, investors must be aware of both sides of the company, from positive statements to potential risks. Key strengths of the company include management’s deep industry experience and a scalable business model; yet, there are risks such as dependence on a limited number of products and industry-specific demand fluctuations. Overall, the IPO shows a chance for investors to invest in a growing company that is growing not only on paper but also leaving its positive mark in the market.
Conclusion
Twinkle Papers IPO is an opportunity for investors to invest in a growing company that marks a new chapter for the company as it seeks to scale its manufacturing capabilities and optimise its capital structure. With a history of consistent operational performance and a diversified product range, the company remains focused on execution within the packaging solutions sector. The company aims to utilise the proceeds for the expansion of its existing manufacturing facilities and debt reduction to strengthen its balance sheet.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | 276000 |
| Individual investors (Retail) (Max) | 2 | 4000 | 276000 |
| S-HNI (Min) | 3 | 6000 | 414000 |
| S-HNI (Max) | 7 | 14000 | 966000 |
| B-HNI (Min) | 8 | 16000 | 1104000 |