Bookbuilding IPO | ₹28 Cr | Listing at BSE SME | Mon, Jun 29, 2026 - Wed, Jul 1, 2026
Twinkle Papers IPO is a book build issue of ₹27.52 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹27.52 crore.
Twinkle Papers IPO bidding started from Jun 29, 2026 and ended on Jul 1, 2026. The allotment for Twinkle Papers IPO was finalized on Jul 2, 2026. Twinkle Papers IPO will list on the BSE SME with a tentative listing date fixed as Jul 6, 2026.
Twinkle Papers IPO is set issue price band at ₹64 to ₹69 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,76,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹4,14,000.
Novus Capital Advisors Pvt.Ltd. is the book running lead manager and Alankit Assignments Ltd. is the registrar of the issue. The Market Maker of the company is Nirman Share Brokers Pvt.Ltd.
Refer to Twinkle Papers IPO RHP for detailed Information.
IPO Open
Mon, Jun 29, 2026
IPO Close
Wed, Jul 1, 2026
Price Band
₹64 to ₹69
Market Cap (Pre-IPO)
₹104.54 Cr
| IPO Date | 29 Jun to 1 Jul, 2026 |
| Listing Date | Mon, Jul 6, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹64 to ₹69 |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 39,88,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 2,00,000 shares Nirman Share Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| 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) |
| Share Holding Pre Issue | 1,11,62,992 shares |
| Share Holding Post Issue | 1,51,50,992 shares |
Twinkle Papers IPO comprises a total issue size of 39,88,000 shares. The net offer to the public is 37,88,000 shares, after excluding 2,00,000 shares allotted on a firm basis. Of the Net offer 1,90,000 (5.02%) are allocated to QIB, 17,98,000 (47.47%) allocated to NII 18,00,000 (47.52%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 1,90,000 | 5.02% | 4.76% |
| NII (HNI) Shares Offered | 17,98,000 | 47.47% | 45.09% |
| − bNII > ₹10L | 11,98,667 | 30.06% | |
| − sNII < ₹10L | 5,99,333 | 15.03% | |
| Retail Shares Offered | 18,00,000 | 47.52% | 45.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,00,000 | 5.02% | |
| Total Shares Offered | 39,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4,000 | ₹2,76,000 |
| Individual investors (IND) (Max) | 2 | 4,000 | ₹2,76,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,14,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,66,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,04,000 |
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 | 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 |
| Amount in ₹ Crore | ||||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Diksha Polymers Ltd. | SME | ₹17.90 Cr | ₹112 | 9.79 | ₹120.20 | +7.32% | ₹110.00 (-1.79%) |
| RFBL Flexi Pack Ltd. | SME | ₹35.33 Cr | ₹50 | 9.75 | ₹55.10 | +10.20% | ₹94.15 (-4.99%) |
| Ecoline Exim Ltd. | SME | ₹76.42 Cr | ₹141 | 12.12 | ₹140.50 | -0.35% | ₹198.00 (+0.00%) |
| Jyoti Global Plast Ltd. | SME | ₹35.44 Cr | ₹66 | 16.82 | ₹65.80 | -0.30% | ₹38.75 (+4.87%) |
| GLEN Industries Ltd. | SME | ₹62.94 Cr | ₹97 | 9.33 | ₹152.37 | +57.08% | ₹68.49 (+2.76%) |
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 | 21.66% | 17.75% |
| ROCE | 18.82% | 22.83% |
| Debt/Equity | 2.15 | 2.09 |
| RoNW | 21.66% | 17.75% |
| PAT Margin | 7.49% | 4.25% |
| EBITDA Margin | 14.92% | 11.79% |
| Price to Book Value | 3.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.98 | 4.75 |
| P/E (x) | 23.16 | 14.52 |
| Promoter Holding | 98.99% | 72.94% |
| Market Cap | ₹104.54 Cr. |
The Twinkle Papers IPO is subscribed 0.24 times on June 30, 2026 5:05:35 PM (Day 2). The public issue subscribed 0.26 times in the individual investors category, 2.09 times in the QIB category, and 0.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2.09 | 1,90,000 | 3,98,000 | 0 |
| NII* | 0.02 | 17,98,000 | 34,000 | 0 |
| bNII (> ₹10L) | 0.01 | 11,98,667 | 16,000 | |
| sNII (< ₹10L) | 0.03 | 5,99,333 | 18,000 | |
| Individual Investor | 0.26 | 18,00,000 | 4,60,000 | 0 |
| Total | 0.24 | 37,88,000 | 8,92,000 | 127 |
Total Applications: 127
*Market Maker portion is not included to NII/HNI.
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 ₹28 Crores. The issue is priced at ₹64 to ₹69. The minimum order quantity is 2000.
The IPO opens on Mon, Jun 29, 2026, and closes on Wed, Jul 1, 2026.
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 opens on Mon, Jun 29, 2026 and closes on Wed, Jul 1, 2026.
Twinkle Papers IPO lot size is 2000, and the minimum amount required for application is ₹2,76,000, with 2 lots being the minimum application size.
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 Thursday, July 2, 2026, and the allotted shares will be credited to your demat account by Fri, Jul 3, 2026. Check the Twinkle Papers IPO allotment status.
The Twinkle Papers IPO listing date is not yet announced. The tentative date of listing is Mon, Jul 6, 2026.
