| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹27.52 Cr |
| Reserved for Market Maker | ₹1.38 Cr |
| Net Issue Size | ₹27.52 Cr |
| Fresh Issue | ₹26.14 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹64.00-69.00 per share |
| Registrar | Alankit Assignments Ltd. |
| Lead Managers | Novus Capital Advisors Pvt.Ltd. |
| Allotment Date (Tentative) | 2nd Jul 2026 |
| DRHP | |
| RHP | |
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* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares · Multiples of 2,000 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% |
Twinkle Papers Limited, incorporated on September 27, 1995, is engaged in the manufacturing of packaging and material handling solutions for a wide range of industries. The company produces corrugated packaging products as well as polymer-based molded products designed to meet diverse industrial packaging and storage requirements.
The company utilizes advanced manufacturing technologies such as blow molding, injection molding, and rotational molding to produce high-quality plastic packaging and handling products. Its offerings cater to customers across sectors including food & beverages, dairy, pharmaceuticals, construction chemicals, textiles, healthcare, and industrial manufacturing.
Twinkle Papers markets its products under the "Twinkle" brand and offers a diversified product portfolio comprising:
The company also manufactures a variety of industrial packaging components, including lids, handles, pallets, drums, jerry cans, and other ancillary products. Production primarily utilizes HDPE and LLDPE plastic granules, enabling the company to serve customers across industries such as food processing, healthcare, chemicals, textiles, refineries, and consumer goods.
Supported by an in-house research and development team, the company collaborates closely with customers to develop customized polymer-based packaging solutions tailored to their specific requirements. Its manufacturing facilities operate under quality management systems compliant with ISO 9001:2015 standards, reflecting its commitment to product quality and operational excellence.
As of January 31, 2025, Twinkle Papers Limited employed 302 personnel across its manufacturing, technical, administrative, and support functions.
Key Competitive Strengths
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 |
| 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 | ||||
| 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 |
| Metric | 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. | |
Last Updated on 06-Jul-2026 06:04:23
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