Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Twinkle Papers Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with the exchange on February 23, 2026 to raise funds through Initial Public Offer (IPO).
The initial submission on May 9, 2025 was withdrawn by the company on August 20, 2025 prompting the company to refile the documents.
Twinkle Papers Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.40 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Fast Track Finsec Pvt.Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Twinkle Papers IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,88,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 39,88,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,11,62,992 shares |
| Share Holding Post Issue | 1,51,50,992 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, May 9, 2025 |
| Offer document withdrawn | Wed, Aug 20, 2025 |
| Filed with SEBI/Exchange | Mon, Feb 23, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Established on September 27, 1995,Twinkle Papers Limited specialises in the manufacture of packaging and material handling products. The company manufactures Corrugated Boxes and polymer-based molded packaging products.
The company's plastic products utilise advanced technologies like blow molding, injection molding, and rotational molding, primarily serving industries such as food, dairy, construction chemicals, pharmaceuticals, and textiles.
Twinkle Papers Limited produces a diverse range of products, including:
The company sells its products under the brand “Twinkle”, catering to various industries. Its in-house R&D team collaborates with clients to design custom polymer solutions for their packaging challenges. The manufacturing facilities also comply with ISO 9000: 2015 systems.
The company manufactures various products, including jerry cans, drums, pallets, lids, handles, and other ancillary items for industrial packaging across multiple industries like Food and Beverage, Healthcare, Textile, Chemical, and refineries. We use HDPE and LLDPE plastic granules for production.
As of December 31, 2025, the company has 119 employees.
Competitive Strength:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 80.61 | 75.38 | 61.22 | 50.64 |
| Total Income | 47.86 | 83.98 | 58.75 | 54.96 |
| Profit After Tax | 2.64 | 3.47 | 1.61 | 0.90 |
| EBITDA | 7.38 | 9.66 | 8.47 | 5.47 |
| NET Worth | 22.17 | 19.54 | 11.07 | 9.46 |
| Reserves and Surplus | 11.01 | 8.37 | 10.13 | 8.52 |
| Total Borrowing | 42.34 | 40.79 | 33.88 | 29.62 |
| Amount in ₹ Crore | ||||
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 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 12.64% | 22.66% |
| ROCE | 15.00% | 22.37% |
| Debt/Equity | 1.91 | 2.09 |
| RoNW | 12.64% | 22.66% |
| PAT Margin | 5.61% | 4.25% |
| EBITDA Margin | 15.69% | 11.83% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.99% |
Lead Manager Reports
Twinkle Papers IPO is a SME IPO of 39,88,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Twinkle Papers IPO open and close dates are not available as of now.
Alankit Assignments Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Twinkle Papers IPO using UPI as a payment gateway. Zerodha customers can apply in Twinkle Papers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Twinkle Papers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Twinkle Papers IPO dates are not announced. Please check back again after some time.
Twinkle Papers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Twinkle Papers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Twinkle Papers IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Twinkle Papers IPO allotment status.
The Twinkle Papers IPO listing date is not yet announced. The tentative date of listing is .
