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Twinkle Papers
๐
Founded: 1995
๐ Malerkotla, Punjab
๐ฅ 119 employees
๐ twinklepapers.com
๐ Face Value: โน10
๐ฆ Market Cap: โน105 Cr
Price Band
โน64 โ โน69
Issue Size
โน28 Cr
Lot Size
2000 shares
Min. Investment
โน1,38,000
GMP
+โน6 (+8.7%)
Est. Return
+8.7%
Listing Date
06 Jul 2026
Registrar
Alankit Assignments
IPO Signal Analysis
๐ Based on Grey Market Premium (GMP) & Subscription Data โ not financial advice
GMP Signal
High Interest
GMP: +8.7% above issue price
โญ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.24x subscribed
Issue Details
Fresh Issueโน28 Cr
Offer for Sale (OFS)โ
Total Issue Sizeโน28 Cr
Face Valueโน10
Market Cap (at issue)โน105 Cr
Listing ExchangeBSE SME
๐
Open Date29 Jun 2026
๐ Close Date01 Jul 2026
โ๏ธ Cut-off Price Date01 Jul 2026
๐๏ธ Allotment Date02 Jul 2026
๐ธ Refund Initiation03 Jul 2026
๐ Demat Credit03 Jul 2026
๐ Listing Date06 Jul 2026
Objects of the Issue
- ๐ฐ Purchase of new machinery for expansion โ โน6.50 Cr
- ๐ฐ Repayment of loans โ โน7.00 Cr
- ๐ฐ Working capital requirements โ โน8.00 Cr
- ๐ฐ General Corporate Purposes
About the Company
Established in 1995, Twinkle Papers Limited manufactures corrugated boxes and polymer-based moulded packaging products including HDPE drums, jerry cans, plastic crates, heavy-duty pallets, moulded plastic furniture, and dustbins. Products use blow moulding, injection moulding, and rotational moulding technologies, serving food, dairy, construction chemicals, pharmaceuticals, and textile industries. The company sells under the "Twinkle" brand and is ISO 9001:2015 certified. It has 119 employees and is based in Punjab.
Strengths
- โ 30-year operating history since 1995 with established brand in packaging
- โ Diversified product portfolio across corrugated boxes and polymer packaging
- โ Revenue grew 73% in 9M FY26 vs annualised FY25
- โ Serves multiple industries โ food, dairy, pharma, chemicals, textiles
Risk Factors
- โ ๏ธ High debt with Debt/Equity of 2.15
- โ ๏ธ Dependent on HDPE and LLDPE plastic granule price volatility
- โ ๏ธ Highly competitive and fragmented packaging industry
- โ ๏ธ Small company with 119 employees
Subscription Status
0.24x Overall
QIB: 2.1x
NII: 0.0x
RII: 0.3x
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | โ | โ | โ | 0.00x |
| Day 2 | โ | โ | โ | 0.00x |
| Day 3 | โ | โ | โ | 0.00x |
Share Reservation
QIB
5%
NII
47%
RII
47%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
98.99%
Pre-IPO
โ -26.0%
72.94%
Post-IPO
IPO Timeline
โ
Open Date
29 Jun 2026
โ
Close Date
01 Jul 2026
โ
Allotment Date
02 Jul 2026
โ
Listing Date
06 Jul 2026
Key Financials
Revenueโน84 Cr
PATโน3.3 Cr
EPSโน2.98
P/E Ratio23.2x
ROE21.7%
Market Capโน105 Cr
Company Financials (Restated Consolidated)
| Period Ended | 9M FY26 | FY25 |
|---|---|---|
| Assets | 93.37 | 75.38 |
| Total Income | 73.13 | 83.98 |
| Profit After Tax | 5.40 | 3.33 |
| EBITDA | 10.75 | 9.63 |
| Net Worth | 24.94 | 19.54 |
| Reserves & Surplus | 13.77 | 8.37 |
| Total Borrowing | 53.69 | 40.79 |
Amount in โน Crore
Key Performance Indicators (KPI)
| KPI | 9M FY26 | FY25 |
|---|---|---|
| ROE (%) | 21.65 | 17.04 |
| EBITDA Margin (%) | 14.70 | 11.47 |
| Debt / Equity | 2.15 | 2.09 |
| Net Worth (Rs. Cr) | 24.94 | 19.54 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | โน2.98 | โ |
| P/E (x) | 23.2x | โ |
| ROE (%) | 21.7% | โ |
| Promoter Holding | 98.99% | 72.94% |
| Market Cap | โน105 Cr | |
IPO Registrar
Alankit Assignments
IPO FAQs
Twinkle Papers IPO is a SME IPO with an issue size of โน28 Cr at a price band of โน64 โ โน69. Minimum lot size is 2000 shares (minimum investment ~โน1,38,000). Opens on 29 Jun 2026 and closes on 01 Jul 2026. Proposed listing on BSE SME. Registrar: Alankit Assignments.