Twinkle Papers IPO
Bookbuilding IPO | ₹28.00 Cr | Listing at BSE SME
Closed
IPO Open
Mon, Jun 29, 2026
IPO Close
Wed, Jul 01, 2026
Price Band
₹64.00 to ₹69.00
Market Cap (Pre-IPO)
₹104.54 Cr
IPO Details
| IPO Date | Jun 29, 2026 to Jul 01, 2026 |
| Listing Date | Tentative: Jul 06, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹64.00 to ₹69.00 |
| Lot Size | 2000 Shares (Minimum: ₹138,000.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Issue Size | ₹28.00 Crores |
| Total Shares Offered | 3,988,000 shares |
| Fresh Issue | 3,788,000 shares |
| Offer For Sale | 3,988,000 shares |
Twinkle Papers IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,90,000 |
| Retail Shares Offered | 18,00,000 |
| NII Shares Offered | 17,98,000 |
Twinkle Papers IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹276,000 |
| Retail (Max) | 2 | 4,000 | ₹276,000 |
| S-HNI (Min) | 3 | 6,000 | ₹414,000 |
| S-HNI (Max) | 7 | 14,000 | ₹966,000 |
| B-HNI (Min) | 8 | 16,000 | ₹1,104,000 |
Twinkle Papers Financial Information (Restated Consolidated)
| 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 ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 17.75% |
| ROCE (Return on Capital Employed) | 22.83% |
| Debt/Equity | 2.09 |
| RoNW (Return on Net Worth) | 17.75% |
| PAT Margin (Profit After Tax Margin) | 4.25% |
| EBITDA Margin | 11.79% |
| Price to Book Value | 3.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.98 | 4.75 |
| P/E (x) | 23.16 | 14.52 |
| Promoter Holding | 98.99% | 72.94% |
Company Promoters
- The Promoters of the company are Mr. Amit Jain
- Mr. Ayush Jain and Ms. Ruchi Jain.
Company Overview
Twinkle Papers – Company Overview
- Established in 1995, Twinkle Papers Limited is engaged in the manufacturing of packaging and material handling products, including corrugated packaging and polymer-based molded products.
- The company manufactures a wide range of products such as Corrugated Boxes, Multi-colored Printed Fiberboard Cartons, HDPE Drums, Jerrycans, Plastic Crates, Heavy-Duty Pallets, Molded Plastic Furniture, and Dustbins.
- Its plastic packaging products are manufactured using advanced technologies such as blow molding, injection molding, and rotational molding.
- The company serves multiple industries, including Food & Beverage, Dairy, Pharmaceuticals, Healthcare, Textiles, Construction Chemicals, Chemicals, and Refineries.
- Twinkle Papers markets its products under the “Twinkle” brand and also provides customized polymer packaging solutions through its in-house R&D team.
- The company manufactures industrial packaging products such as jerry cans, drums, pallets, lids, handles, and other ancillary components using HDPE and LLDPE plastic granules.
- Its manufacturing facilities operate under ISO 9001:2015 quality management standards.
- As of December 31, 2025, the company had 119 employees.
Company Strengths
- Experienced and Qualified Management and Employee base
- Strong and Consistent Financial Performance
- Growing customer base
- Scalable and reliable business model
- Experienced Promoters and Senior Management with extensive domain knowledge.
Use of Proceeds
| # | 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 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Twinkle Papers IPO Peer Comparison
Twinkle Papers peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Twinkle Papers Ltd | 2.36 | 2.36 | 19.86 | - | 11.89 | - | - |
| Tpl Plastech Limited | 1.58 | 1.58 | 19.50 | 39.54 | 8.10 | 3.26 | Standalone |
| Prima Plastics Ltd | 4.54 | 4.54 | 71.05 | 25.07 | 6.40 | 1.41 | Standalone |
| Pyramid Technoplast Limited | 3.83 | 3.83 | 71.11 | 40.61 | 5.38 | 2.18 | Standalone |
Quick Info
| Sector | Packaging & Disposables (or Containers & Packaging) |
| Exchange | BSE SME |
| Market Cap (Pre-IPO) | ₹104.54 Cr |
Important Dates
| IPO Open | Jun 29, 2026 |
| IPO Close | Jul 01, 2026 |
| Allotment Date | Jul 03, 2026 |
| Credit to Demat | Jul 02, 2026 |
| Listing Date | Tentative: Jul 06, 2026 |
Lead Manager(s)
Novus Capital Advisors Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹27.52 crores.
- Issue Structure: Entirely a fresh issue of 0.40 crore shares totaling ₹27.52 crores.
- IPO Dates: The issue opens on June 29, 2026 and closes on July 1, 2026.
- Allotment Date: The allotment is expected to be finalized on July 2, 2026.
- Listing Details: The shares are proposed to be listed on BSE Limited SME on July 6, 2026.
- Issue Price Band: ₹64 to ₹69 per equity share.
- Lot Size: 2,000 shares per lot.
- Retail Investment Requirement: Minimum 2 lots (4,000 shares) amounting to approximately ₹2,76,000 (at the upper price band).
- HNI Investment Requirement: Minimum 3 lots (6,000 shares) totaling around ₹4,14,000.
This IPO offers investors an opportunity to participate in the paper manufacturing and processing sector through a fresh issue of shares.