Twinkle Papers IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| 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 |
| Company | P/E | EPS |
|---|---|---|
| TPL Plastech Ltd. | 39.33 | 1.58 |
| Prima Plastic Ltd. | 25.77 | 4.54 |
| Pyramid Technoplast Ltd. | 40.37 | 3.83 |
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
- Revenue grew 43% in the latest reported year.
- Strong return on equity — 18%.
- Grey-market premium is flat or negative — a weak listing-pop signal.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| 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
Twinkle Papers Ltd., Ludhiana Road, Malerkotla, Distt Sangrur, Malerkotla, Punjab, 148023
Twinkle Papers has set a price band of Rs 64–Rs 69 per share for an issue size of Rs 28 crore. The SME issue is scheduled to open for subscription on June 29, 2026 — 7 days from now.
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 issue is promoted by Mr. Amit Jain, Mr. Ayush Jain and Ms. Ruchi Jain with Novus Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards To meet out the capital expenditure for expansion at the existing manufacturing facility by purchase of new machinery (Rs 7 crore) and To repayment of portion of loans availed by the Company (Rs 7 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand.
On fundamentals, the company is posting revenue growth of 42.9%, a profit margin of 4.0%, return on equity of 17.8% in its most recent reported period. Listed peers in this segment include TPL Plastech Ltd. (P/E 39.33x) and Prima Plastic Ltd. (P/E 25.77x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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