Twinkle Papers Limited is engaged in the manufacturing of corrugated boxes and polymer-based industrial packaging products, catering to packaging and material handling requirements across diverse industries.
The company offers a wide product portfolio including corrugated boxes, printed fiberboard cartons, HDPE drums, jerrycans, plastic crates, heavy-duty pallets, molded plastic furniture, dustbins, lids, and handles under its “Twinkle” brand.
Its plastic products are manufactured using advanced technologies such as blow molding, injection molding, and rotational molding, serving industries like food & beverage, dairy, pharmaceuticals, textiles, chemicals, construction, healthcare, and refineries.
The company also has an in-house R&D team that develops customized polymer packaging solutions for clients, while its manufacturing facilities follow ISO 9001:2015 quality standards.
As of December 31, 2025, Twinkle Papers Limited had a workforce of 119 employees supporting its manufacturing and business operations.
Twinkle Papers IPO – Details
| IPO Opening Date | 29 June 2026 |
| IPO Closing Date | 31 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 39,88,000 Shares Worth ₹27.52 Crore Fresh Issue: 39,88,000 Shares Worth ₹27.52 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹64 – ₹69 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Alankit Assignments Ltd. |
| QIB Shares Offered | 5.02% |
| NII Shares Offered | 47.47% |
| Retail Shares Offered | 47.52% |
Twinkle Papers IPO – Date Schedule
| IPO Open Date | 29 June 2026 |
| IPO Close Date | 01 July 2026 |
| Basis of Allotment | 02 July 2026 |
| Initiation of Refund | 03 July 2026 |
| Credit of Shares to Demat | 03 July 2026 |
| IPO Listing Date | 06 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 01, 2026 |
Twinkle Papers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,76,000 |
| Retail (Max) | 2 | 4000 | ₹2,76,000 |
| S-HNI (Min) | 3 | 6000 | ₹4,14,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,66,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,04,000 |
Competitive Strength
- 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.
Company Promoters
- Mr. Amit Jain
- Mr. Ayush Jain
- Ms. Ruchi Jain
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹54.96 Cr | ₹53.72 Cr | ₹0.90 Cr | ₹29.62 Cr |
| 31 March 2024 | ₹58.75 Cr | ₹55.95 Cr | ₹1.61 Cr | ₹33.88 Cr |
| 31 March 2025 | ₹83.98 Cr | ₹79.52 Cr | ₹3.33 Cr | ₹40.79 Cr |
| 31 December 2025 | ₹73.13 Cr | ₹68.08 Cr | ₹5.40 Cr | ₹53.69 Cr |
Key Performance Indicator
| KPI | Values (Sep 30, 2025) |
|---|---|
| ROE | 21.66% |
| ROCE | 18.82% |
| Debt/Equity | 2.15 |
| RoNW | 21.66% |
| PAT Margin | 7.49% |
| EBITDA Margin | 14.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.98 | 4.75 |
| P/E (x) | 23.16 | 14.52 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To meet the capital expenditure for expansion at the existing manufacturing facility by the 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 |
| General Corporate Purpose. | – |
✅Strengths
- Diversified packaging product portfolio.
- Serves multiple industries across sectors.
- Strong manufacturing setup with in-house R&D.
- Established “Twinkle” brand with long track record.
⚠️Risks
- Dependent on raw material price fluctuations.
- Highly competitive packaging industry.
- Revenue linked to industrial demand cycles.
- Operational and compliance-related risks.
Twinkle Papers IPO Promoter Holding
| Pre-Issue Share Holding | 98.99% |
| Post Issue Share Holding | 72.94% |
Twinkle Papers IPO Prospectus
Company Contact Information
| Twinkle Papers Limited Ludhiana Roadmalerkotla, Distt Sangrur, Malerkotla, Punjab, 148023 Phone: +91 98155 33333 Email: amit@twinklepapers.com Website: https://twinklepapers.com/ |
Twinkle Papers IPO Registrar
| Alankit Assignments Ltd. Phone: (011) 4254 1234 Email: harish@alankit.com Website: https://ipo.alankit.com/ |
Twinkle Papers IPO Lead Manager(s)
| 1. Novus Capital Advisors Pvt.Ltd. |
Twinkle Papers IPO FAQ
| What is the Twinkle Papers IPO? Twinkle Papers IPO is an SME IPO. The issue is priced at ₹64 – ₹69 per equity share. The IPO is to be listed on BSE SME. |
| When will Twinkle Papers IPO open? The IPO is to open on 29 June 2026 for QIB, NII and Retail Investors. |
| What is Twinkle Papers IPO Investors’ Portion? The investors’ portion for QIB – 5.02%, NII – 47.47%, and Retail – 47.52%. |
| What is the Twinkle Papers IPO Size? Twinkle Papers IPO size is ₹27.52 Crore. |
| What are the Twinkle Papers IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,76,000, while the maximum bid is 4000 Shares for ₹2,76,000. |
| What is the Twinkle Papers IPO Allotment Date? Twinkle Papers IPO allotment date is 02 July 2026. |
| What is the Twinkle Papers IPO Listing Date? Twinkle Papers IPO listing date is 06 July 2026. The IPO is to be listed on the BSE SME. |
