Twinkle Papers IPO

Withdrawn SME
Min Investment
₹2,76,000
4000 Shares
Min Investment
₹2,76,000 · 4000 Shares

Market Sentiment

+Rs 2
+2.9%
Est. Listing: Rs 71
Updated: Jun 29, 2026 5:45 pm
Subscription Status
QIB
2.09x
NII
0.13x
bNII (>10L)
0.13x
sNII (2-10L)
0.13x
Retail
0.26x
Total
0.29x
Updated: Jul 01, 2026 10:59 am IST
Analysis Score 28 / 100
Avoid
Data: 78%
GMP Score 35
Subscription Score 10
Financial Health 63
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Issue Price₹64-69 per equity share
Face Value₹10 Per Equity Share
Lot Size 4000 shares (Min ₹2,76,000)
Total Issue Size ₹28.00 crore
Fresh Share₹28.00 crore
Issue TypeBook Building  Issue
Lead ManagerNovus Capital Advisors Pvt.Ltd.
RegistrarAlankit Assignments Ltd.
Listing atBSE

Market Lot Size

Category Lots Shares Amount (₹)
Retail Minimum 2 4,000 ₹2,76,000
Retail Maximum 2 4,000 ₹2,76,000
S-HNI Minimum 3 6,000 ₹4,14,000
S-HNI Maximum 7 14,000 ₹9,66,000
B-HNI Minimum 8 16,000 ₹11,04,000
Budget to Lots Calculator

IPO Reservation

Category Shares Offered Shares %
QIB1,90,0004.76%
NII (HNI)17,98,00045.09%
bNII > ₹10L11,98,66730.06%
sNII < ₹10L5,99,33315.03%
Retail18,00,00045.14%
Total37,88,000

Day-wise Subscription (times subscribed)

Category Day 1 Day 2 Day 3
QIB 0.00x 2.09x 2.09x
NII 0.00x 0.12x 0.13x
bNII > ₹10L 0.00x 0.13x 0.13x
sNII 2-10L 0.00x 0.13x 0.13x
Retail 0.17x 0.26x 0.26x
Total 0.08x 0.27x 0.29x

Financial Analysis

Financial Data
EPS (Pre)
Rs 3.36
ROE
17.75%
ROCE
22.83%
RoNW
17.75%
EBITDA Margin
11.79%
NAV/Share
Rs 17.50
Revenue Growth
42.94%
Profit Margin
3.97%
Financial Performance
Metric 2023 2024 2025 Dec 2025
Revenue 54.96 58.75 83.98 73.13
Expense 53.72 55.95 79.52 68.08
Profit (PAT) 0.90 1.61 3.33 5.40
Total Assets 50.64 61.22 75.38 93.37
Values in Crores (₹)
Peer Comparison
Company EPS P/E RoNW % NAV Income
TPL Plastech Ltd. 1.58 39.33 8.10 19.50 12.32 Cr
Prima Plastic Ltd. 4.54 25.77 6.40 71.05 5.00 Cr
Pyramid Technoplast Ltd. 3.83 40.37 5.38 71.11 14.06 Cr
Promoters & Holding Pattern

Promoters: Mr. Amit Jain, Mr. Ayush Jain and Ms. Ruchi Jain

Shareholding No. of Shares Holding %
Promoter Holding Pre Issue 1,11,62,992 98.99%
Promoter Holding Post Issue 1,51,50,992 72.94%

Strengths & Risks

Strengths
  • Strong institutional (QIB) demand — 2.1x.
  • Revenue grew 43% in the latest reported year.
  • Strong return on equity — 18%.
Risks & Concerns
  • Grey-market premium is slipping during the bidding window.

Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.

Company Information

About Twinkle Papers

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.

Objects of the Issue
Purpose Amount (Cr)
To meet out the capital expenditure for expansion at the existing manufacturing facility by purchase of new machinery 6.50
To repayment of portion of loans availed by the Company 7.00
To meet the Working Capital requirements of the Company 8.00
To meet the General Corporate Purposes -

Resources & Documents

Company Contact Information

Twinkle Papers Ltd., Ludhiana Road, Malerkotla, Distt Sangrur, Malerkotla, Punjab, 148023

Frequently Asked Questions

The price band of Twinkle Papers IPO is Rs 64 to Rs 69 per share. Face value is Rs 10 per share.

The total issue size of Twinkle Papers IPO is Rs 28 crore, comprising fresh issue of Rs 28 crore.

Retail investors must apply for a minimum of 1 lot of 4000 shares, requiring an investment of Rs 2,76,000.

The current GMP (Grey Market Premium) of Twinkle Papers IPO is +Rs 2 (+2.9% over issue price). GMP is an unofficial grey market indicator and may change through the subscription window. See the GMP chart on this page for the full trend.

Twinkle Papers IPO is currently subscribed 0.29 times overall — retail at 0.26x, QIB at 2.09x, NII at 0.13x. Live subscription data updates multiple times per day on open-issue days.

Based on the current retail subscription of 0.26x for Twinkle Papers IPO, the estimated retail allotment probability is approximately 100.0%. This is a high probability of allotment.

The registrar for Twinkle Papers IPO is Alankit Assignments Ltd.. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Twinkle Papers IPO are Novus Capital Advisors Pvt.Ltd..

The promoter(s) of Twinkle Papers are Mr. Amit Jain, Mr. Ayush Jain and Ms. Ruchi Jain.

Twinkle Papers IPO GMP — What It Means

The latest grey market premium for Twinkle Papers IPO is ₹2 (+2.9%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Twinkle Papers it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.

See the full Twinkle Papers GMP history and trend, or learn how grey market premium works and how reliable it is.

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