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Twinkle Papers IPO

Twinkle Papers Limited manufactures a wide range of plastic and packaging products using advanced technologies such as blow molding, injection molding, and rotational molding. Its products are supplied to industries including food, dairy, construction chemicals, pharmaceuticals, and textiles.

IPO GMP

+₹2

+2.90% expected gain

Price Band

₹64 - ₹69

Lot Size

4000 shares

Min Investment

₹2,76,000

Listing Date

July 6, 2026

About Twinkle Papers

Company overview, business, and key facts.

Twinkle Papers Limited manufactures a wide range of plastic and packaging products using advanced technologies such as blow molding, injection molding, and rotational molding. Its products are supplied to industries including food, dairy, construction chemicals, pharmaceuticals, and textiles.

The company’s product portfolio includes corrugated boxes, multi-colored printed fiberboard cartons, HDPE drums and jerrycans, plastic crates, heavy-duty pallets, molded plastic furniture, and dustbins. These products are designed to meet the packaging, storage, transportation, and material-handling needs of various industries.

Headquarters

Malerkotla, Punjab

Website

https://twinklepapers.com/

IPO Details

Issue TypeBook Building Issue
Face Value₹10
Price Band₹64 - ₹69
Lot Size4000 shares
Total Issue Size₹28 Cr, 39,88,000 Equity Shares
Fresh Issue₹28 Cr, 39,88,000 Equity Shares
Offer for Sale—
Listing AtBSE SME

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)2.09x
Non-Institutional (NII)0.12x
Retail Individual (RII)0.26x
Total Subscription0.27x

Strengths & Risks

Strengths

  • Review: Neutral

Risks

    Financials

    Restated summary financials for the most recent periods.

    PeriodRevenueProfitAssets
    2023₹54.96₹0.90₹50.64
    2024₹58.75₹1.61₹61.22
    2025₹83.98₹3.33₹75.38
    Dec 2025₹73.13₹5.40₹93.37

    Figures are indicative and restated for presentation.

    Twinkle Papers IPO Key Numbers

    Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.

    Revenue growth, 2025

    +42.9%

    23.6% a year over the period

    Profit growth, 2025

    +106.8%

    92.4% a year over the period

    Profit margin (PAT)

    4%

    EBITDA margin 11.79%

    ROE / ROCE

    17.75% / 22.83%

    As published in the offer document

    GMP-implied gain per lot

    ₹8,000

    4000 shares on ₹2,76,000. GMP is unofficial.

    What stands out

    • Profit grew 106.8% in 2025.

    Watch-outs

    • Thin profit margin: PAT margin was 4% in 2025.
    • 1 use-of-proceeds item(s) have no disclosed amount.
    Listing price scenarios
    If the current GMP holds₹71.00+2.9%
    If the grey market premium disappears₹69.000%

    Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.

    Not yet available for this IPO: issue size, GMP history (fewer than 3 data points), post-IPO share count (market cap and P/E not computable), published risk factors.

    IPO Analysis SummaryAI-generated

    A plain-language review of Twinkle Papers's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.

    Twinkle Papers IPO Review

    Analysis based on live GMP, subscription, and issue details.

    As of today, Twinkle Papers IPO is trading at a grey market premium (GMP) of +₹2 (+2.90% estimated listing gain), indicating positive market sentiment.

    The IPO has been subscribed 0.27x overall — QIB: 2.09x, NII: 0.12x, Retail: 0.26x.

    Twinkle Papers IPO subscription has closed. The shares are expected to list on July 6, 2026.

    The minimum investment required is ₹2,76,000 for 4000 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.

    Key strengths include: Review: Neutral.

    Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

    Twinkle Papers IPO — Frequently Asked Questions

    What is Twinkle Papers IPO GMP today?

    Twinkle Papers IPO GMP (grey market premium) today is +₹2, suggesting an estimated listing gain of +2.90%. GMP is indicative and subject to change.

    What is the price band of Twinkle Papers IPO?

    The price band for Twinkle Papers IPO is ₹64 - ₹69 with a lot size of 4000 shares. The minimum investment required is ₹2,76,000.

    When is Twinkle Papers IPO allotment date?

    Twinkle Papers IPO allotment is expected to be finalised on July 2, 2026. You can check your allotment status on the registrar's website (Alankit Assignments Ltd.) using your PAN number.

    When will Twinkle Papers IPO list on NSE/BSE?

    Twinkle Papers IPO is expected to list on BSE SME on July 6, 2026.

    How to check Twinkle Papers IPO allotment status?

    To check Twinkle Papers IPO allotment status, visit the registrar's website (Alankit Assignments Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

    Should I apply for Twinkle Papers IPO?

    Twinkle Papers IPO has a GMP of +₹2. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.

    What is the lot size of Twinkle Papers IPO?

    The lot size for Twinkle Papers IPO is 4000 shares per lot. The minimum investment for retail investors is ₹2,76,000. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.

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