Twinkle Papers IPO GMP today is Rs 2. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
TWINKLE PAPERS
Twinkle Papers IPO GMP, Subscription & Allotment Status Today
Twinkle Papers is a SME IPO with a price band of Rs 64.00 to Rs 69.00. Bidding has closed on 01 Jul 2026, with a current GMP of Rs 2 (+2.9% est. listing gain) ahead of listing on 06 Jul 2026.
- Price Band
- ₹64.00 - ₹69.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 01 Jul 2026
- Listing Date
- 06 Jul 2026
Current GMP Status
₹2
+2.9% vs upper band
Est. Listing Gain
+2.90%
Last Trend
02 Jul 2026
Listing Price
Est. ₹71
Retail Entry
₹2,76,000
IPO Details
Complete IPO information
| Current GMP | ₹2 |
|---|---|
| Estimated Listing Gain | +2.90% |
| Price Band | ₹64.00 - ₹69.00 |
| Issue Price | Approx ₹28.00 Crores |
| Listing Price | Est. ₹71 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 0.08x |
| Listing Date | 06 Jul 2026 |
| Minimum Investment | ₹2,76,000 |
Head-to-head
Compare Twinkle Papers IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Twinkle Papers is priced at ₹69 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,76,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Twinkle Papers stands at ₹2, implying an estimated listing gain of around 2.90% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Twinkle Papers's IPO was subscribed 0.08x overall, with a category-wise breakdown of Retail 0.17x, QIB 0x.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
29 Jun 2026
✓
Bidding Closes
01 Jul 2026
03
Allotment Next
02 Jul 2026
04
Listing
06 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Jul 2026 | ₹2.00 | - | 2.90% |
| 30 Jun 2026 | ₹2.00 | -₹7.00 | 2.90% |
| 29 Jun 2026 | ₹9.00 | - | 13.04% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,76,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,76,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹4,14,000 |
| S-HNI Maximum | 7 Lot | 14,000 | ₹9,66,000 |
| B-HNI Minimum | 8 Lot | 16,000 | ₹11,04,000 |
Swipe to see more →
Analysis
Twinkle Papers IPO Details
Twinkle Papers Limited is launching its Initial Public Offering (IPO) through the book-building route to raise capital for business expansion, operational growth, and future funding requirements. The company operates in the paper manufacturing and processing sector and intends to utilize the public issue to strengthen its market position and production capabilities.
The IPO consists entirely of a fresh issue of equity shares, allowing the company to directly receive the proceeds from the issue. Upon successful completion of the offering, the shares are proposed to be listed on the BSE SME platform.
| Particular | Details |
|---|---|
| Twinkle Papers IPO Open Date | June 29, 2026 |
| Twinkle Papers IPO Close Date | July 1, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹64 to ₹69 Per Share |
| Issue Size | Approx ₹28 Crores (39,88,000 Equity Shares) |
| Fresh Issue | Approx ₹28 Crores (39,88,000 Equity Shares) |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Analysis
Twinkle Papers IPO Reservation
Twinkle Papers IPO has reserved shares for various investor categories in accordance with the regulatory framework applicable to SME public issues. The reservation structure allows participation from institutional investors, high-net-worth investors, and retail investors.
Retail investors and Non-Institutional Investors (NIIs) together account for the majority of the issue allocation, while Qualified Institutional Buyers (QIBs) have been allotted a smaller portion of the issue. The final allotment will depend on the level of subscription received in each category during the bidding period.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| Qualified Institutional Buyers (QIB) Excluding Anchor | 1,90,000 Shares | 4.76% |
| Non-Institutional Investors (NII) | 17,98,000 Shares | 45.09% |
| Retail Individual Investors (RII) | 18,00,000 Shares | 45.14% |
Analysis
Twinkle Papers IPO Dates
The Twinkle Papers IPO will open for subscription on June 29, 2026, and close on July 1, 2026. During this period, investors can submit their bids through their brokers or online trading platforms within the specified bidding window.
Following the closure of the issue, the company is expected to finalize the basis of allotment on July 2, 2026. Successful applicants will receive shares in their demat accounts before the company is scheduled to make its stock market debut on the BSE SME platform on July 6, 2026.
| IPO Activity | Date |
|---|---|
| Twinkle Papers IPO Open Date | June 29, 2026 |
| Twinkle Papers IPO Close Date | July 1, 2026 |
| Basis of Allotment | July 2, 2026 |
| Refund Initiation | July 3, 2026 |
| Credit to Demat Account | July 3, 2026 |
| Twinkle Papers IPO Listing Date | July 6, 2026 |
| IPO Bidding Cut-off Time | July 1, 2026 – 5:00 PM |
Analysis
Twinkle Papers IPO Promoters and Holding Pattern
Twinkle Papers Limited is promoted by Mr. Amit Jain, Mr. Ayush Jain, and Ms. Ruchi Jain, who have played a key role in establishing and expanding the company's presence in the paper manufacturing and paper products industry. Their experience and leadership have contributed significantly to the company's operational growth and business development.
Prior to the IPO, the promoter group held an overwhelming majority stake in the company. Following the completion of the public issue, promoter shareholding will dilute due to the fresh issue of shares, although the promoters will continue to maintain management control and a substantial ownership interest in the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,11,62,992 | 98.99% |
| Promoter Holding Post Issue | 1,51,50,992 | 72.94% |
Analysis
Twinkle Papers IPO Objects of the Issue & Utilisation of Proceeds
Twinkle Papers Limited intends to utilize the proceeds from the IPO primarily to strengthen its manufacturing capabilities, improve financial flexibility, and support future business growth. A significant portion of the funds will be invested in expanding the existing manufacturing facility through the purchase of additional machinery and equipment.
The company also plans to reduce its debt burden by repaying a part of its outstanding borrowings and allocate funds towards working capital requirements to support day-to-day operations and business expansion initiatives. The remaining proceeds will be utilized for general corporate purposes.
| Purpose | Amount |
|---|---|
| Capital Expenditure for Expansion at the Existing Manufacturing Facility Through Purchase of New Machinery | ₹6.50 Cr. |
| Repayment of Portion of Loans Availed by the Company | ₹7.00 Cr. |
| Meeting the Working Capital Requirements of the Company | ₹8.00 Cr. |
| General Corporate Purposes | ₹- |
Analysis
Twinkle Papers - About 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.
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.
Analysis
Twinkle Papers IPO Company Financial Report
Twinkle Papers Limited has demonstrated consistent growth in its financial performance over the last few years. The company reported steady revenue growth along with improving profitability, reflecting increasing demand for its paper products and better operational efficiency.
The company's total assets have also increased significantly, indicating continued investment in manufacturing capacity and business expansion. The financial performance for the period ending December 2025 shows further improvement in profitability compared to previous years.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹54.96 | ₹53.72 | ₹0.90 | ₹50.64 |
| 2024 | ₹58.75 | ₹55.95 | ₹1.61 | ₹61.22 |
| 2025 | ₹83.98 | ₹79.52 | ₹3.33 | ₹75.38 |
| Dec 2025 | ₹73.13 | ₹68.08 | ₹5.40 | ₹93.37 |
Analysis
Twinkle Papers IPO Valuation – FY2025
Twinkle Papers Limited has reported healthy financial ratios for FY2025, reflecting improvements in profitability and operational efficiency. Key performance indicators such as Return on Equity (ROE), Return on Capital Employed (ROCE), EBITDA Margin, and Return on Net Worth (RoNW) provide investors with insights into the company's financial strength and ability to generate returns.
The company's earnings per share and net asset value indicate a growing business with improving fundamentals. These valuation metrics are commonly used by investors to assess the attractiveness of the IPO and compare the company with its listed industry peers.
| KPI | Values |
|---|---|
| Return on Equity (ROE) | 17.75% |
| Return on Capital Employed (ROCE) | 22.83% |
| EBITDA Margin | 11.79% |
| PAT Margin | 4.25% |
| Debt to Equity Ratio | – |
| Earning Per Share (EPS) | ₹3.36 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 17.75% |
| Net Asset Value (NAV) | ₹17.50 |
Analysis
Twinkle Papers IPO Peer Group Comparison
Twinkle Papers Limited operates in a highly competitive manufacturing industry where valuation metrics such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and revenue are commonly used for comparison with listed peers.
Comparing these financial indicators with peer companies helps investors evaluate the relative valuation, profitability, and financial strength of Twinkle Papers Limited before making investment decisions.
| Company | EPS | PE Ratio | 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. |
Analysis
IPO Lead Managers aka Merchant Bankers
- Novus Capital Advisors Pvt.Ltd.
FAQ
Twinkle Papers IPO FAQs
Twinkle Papers IPO price band is Rs 64.00 to Rs 69.00. Check the latest issue price, lot size and GMP together before applying.
Twinkle Papers IPO open date is 29 Jun 2026, close date is 01 Jul 2026, and listing date is 06 Jul 2026.
Twinkle Papers IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,76,000.
Twinkle Papers is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Twinkle Papers IPO subscription status currently shows Retail 0.17x, QIB 0x, Overall 0.08x.
Twinkle Papers IPO issue size is TBA and the expected allotment date is 02 Jul 2026.
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