Twinkle Papers IPO- Company Analysis
Twinkle Papers IPO under the SME IPO category is a bookbuild issue of Rs. 27.52 Cr by Twinkle Papers Limited and focuses on producing goods for material handling and packaging. The company produces polymer-based molded packaging items, including corrugated boxes.
The company's plastic goods, which are mostly used in the food, dairy, construction, chemical, pharmaceutical, and textile industries, use cutting-edge technologies such as blow molding, injection molding, and rotational molding.
Twinkle Papers Limited manufactures a wide variety of goods, such as:
-
Boxes with corrugations
-
Fiberboard cartons with multicolored prints
-
HDPE jerrycans and drums
-
Heavy-duty pallets and plastic containers
-
Furniture made of molded plastic
-
Trash cans.
Twinkle Papers IPO Details
The Twinkle Papers IPO date of opening is 29 Jun 2026, its initial public offering will end on 01 Jul, IPO allotment on Jul 02 and refund initiation on Jul 03, 2026.
The Rs. 27.52 crore new SME IPO comprises a wholly fresh issue of 0.40 crore shares.
The Twinkle Papers IPO listing date (expected) might be Monday, Jul 06, 2026, and listing at the BSE and SME.
The Twinkle Papers IPO price band is Rs. 64 to Rs. 69.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jun 29, 2026 |
|
IPO Closing Date |
Jul 01, 2026 |
|
IPO Allotment Date |
Jul 02, 2026 |
|
Refund Initiation |
Jul 03, 2026 |
|
IPO Listing Date |
Jul 06, 2026 |
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Company Financials
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
75.38 |
61.22 |
50.64 |
|
Total Income |
83.98 |
58.75 |
54.96 |
|
Profit After Tax |
3.33 |
1.61 |
0.90 |
|
EBITDA |
9.63 |
8.47 |
5.47 |
|
Net Worth |
19.54 |
11.07 |
9.46 |
|
Reserves and Surplus |
8.37 |
10.13 |
8.52 |
|
Total Borrowing |
40.79 |
33.88 |
29.62 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
666.85 |
931.85 |
-3.58 |
|
Net Cash Flow Investing Activities |
(1452.02) |
(928.17) |
(376.51) |
|
Net Cash Flow Financing Activities |
749.58 |
36.33 |
403.98 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
To meet the capital expenditure for expansion at the existing manufacturing facility by the purchase of new machinery. ~ Rs. 6.50 Cr.
-
To repayment of a portion of loans availed by the Company. ~ Rs. 7 Cr.
-
To meet the Working Capital requirements of the Company. ~ Rs. 8 Cr.
-
General Corporate Purposes.
Listed Peers of Twinkle Papers Ltd.
|
Name of Company |
Face Value (Rs. ) |
Basic EPS (₹) |
PE Ratio (x) |
|
TPL Plastech Ltd. |
2 |
1.58 |
39.54 |
|
Prima Plastic Ltd. |
10 |
4.54 |
22.07 |
|
Pyramid Technoplast Ltd. |
10 |
3.83 |
40.61 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
RoE |
17.75% |
|
ROCE |
22.83% |
|
Debt/Equity |
2.09 |
|
RoNW |
17.75% |
|
PAT Margin |
4.25% |
|
EBITDA Margin |
11.79% |
|
P.B Value |
3.94 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 3.36 from the last year, the resulting P/E ratio is 20.53x.
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IPO's Strengths
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Skilled and knowledgeable staff and management
-
Robust and Reliable Financial Results
-
expanding clientele
-
Reliable and scalable business model.
IPO's Weaknesses
-
High Concentration of businesses in large customers
-
Limited Brand Visibility
-
Technological and digital upgradation in the industry requires further capital expenditure.
Twinkle Papers IPO GMP (Grey Market Premium)
Twinkle Papers IPO GMP today is Rs. 6 as of 24 June 2026, while writing this information.
Twinkle Papers IPO Summary
|
IPO Opening & Closing Date |
29 Jun, 2026 to 01 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 64 to Rs. 69 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
39,88,000 Shares (Rs. 28 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
37,88,000 Shares (Rs. 26 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Book build Issue |
|
Registrar |
Alankit Assignments Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,76,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 4,14,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Twinkle Papers IPO Allotment Status
To check the Twinkle Papers IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Twinkle Papers Ltd.
-
Mr. Amit Jain
-
Mr. Ayush Jain
-
Ms. Ruchi Jain.
|
Pre-Issue Promoter Shareholding |
98.99% |
|
Post-Issue Promoter Shareholding |
72.94% |
IPO Lead Managers
Novus Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three FYs.
Conclusion
Investors can gain exposure to a developing packaging and molded plastic products firm with increasing sales and profitability through the Twinkle Papers IPO. The company intends to bolster future growth using new issue proceeds intended for working capital requirements, loan repayment, and machinery expansion.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
