Twinkle Papers Ltd.
SMEIssue details
Price band
₹64 - ₹69
Lot size
2,000 shares
Issue size
₹28 Cr
Min. investment
₹1,38,000
Registrar
Alankit Assignments
Grey market premium
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IPO Timeline
Open
29 Jun
Close
1 Jul
Allotment
2 Jul
Listing
6 Jul
- Refunds & demat credit
- 3 Jul 2026
- Mandate end
- 16 Jul 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 2,000shares 1 lot · ₹1,38,000 | 2,000shares 1 lot · ₹1,38,000 |
| HNI | 4,000shares 2 lots · ₹2,76,000 | No limit funds permitting |
Based on the upper price band of ₹69 and a lot of 2,000 shares.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹26 Cr
37,88,000 shares
Shares pre-issue
1,11,62,992
Shares post-issue
1,51,50,992
Reservation
- QIB
- 1,90,000
- NII
- 17,98,000
- Retail
- 18,00,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 2.98 | 4.75 |
| P/E | 23.16 | 14.52 |
| Market cap | ₹77.02 Cr. | ₹104.54 Cr |
| 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% |
| NAV | 22.34 | 17.50 |
| Price to Book Value | — | 3.94 |
Financials
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Total income | 73.13 | 83.98 | 58.75 | 54.96 |
| Profit after tax | 5.4 | 3.33 | 1.61 | 0.9 |
| EBITDA | 10.75 | 9.63 | 8.47 | 5.47 |
| Net worth | 24.94 | 19.54 | 11.07 | 9.46 |
| Assets | 93.37 | 75.38 | 61.22 | 50.64 |
| Reserves & surplus | 13.77 | 8.37 | 10.13 | 8.52 |
| Total borrowing | 53.69 | 40.79 | 33.88 | 29.62 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.To meet out the capital expenditure for expansion at the existing manufacturing facility by purchase of new machinery₹6.5 Cr
- 2.To repayment of portion of loans availed by the Company₹7 Cr
- 3.To meet the Working Capital requirements of the Company₹8 Cr
- 4.To meet the General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Diksha Polymers Ltd.SME | ₹112 | 9.79 | ₹120.20 | +7.32% |
| RFBL Flexi Pack Ltd.SME | ₹50 | 9.75 | ₹55.10 | +10.20% |
| Ecoline Exim Ltd.SME | ₹141 | 12.12 | ₹140.50 | -0.35% |
| Jyoti Global Plast Ltd.SME | ₹66 | 16.82 | ₹65.80 | -0.30% |
| GLEN Industries Ltd.SME | ₹97 | 9.33 | ₹152.37 | +57.08% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 27 Sep 2026. Always verify against the RHP before applying.