The IPO of Twinkle Papers will open for subscription on Monday, with the grey market premium (GMP) hovering around 13%, indicating expectations of a moderate listing gain if market sentiment remains unchanged. The Rs 27.5 crore SME IPO is entirely a fresh issue of 39.88 lakh equity shares with no offer-for-sale component. The issue is priced in the band of Rs 64-69 per share and will close for subscription on July 1. The shares are proposed to be listed on the BSE SME platform on July 6.
Retail investors can bid for a minimum of 4,000 shares, requiring an investment of Rs 2.76 lakh at the upper end of the price band. Novus Capital Advisors is the book-running lead manager, while Alankit Assignments is the registrar to the issue.
Established in 1995, Twinkle Papers manufactures packaging and material handling products, including corrugated boxes and polymer-based moulded packaging products. Its portfolio includes corrugated cartons, HDPE drums and jerrycans, plastic crates, heavy-duty pallets, moulded plastic furniture and dustbins, marketed under the "Twinkle" brand. The company caters to sectors such as food and beverages, pharmaceuticals, chemicals, textiles, healthcare and construction.
Its manufacturing operations use technologies such as blow moulding, injection moulding and rotational moulding. The company also has an in-house research and development team that designs customised polymer packaging solutions for industrial customers, while its manufacturing facilities comply with ISO 9001:2015 quality standards.
Twinkle Papers has reported steady financial improvement. For the nine months ended December 2025, the company posted total income of Rs 73.13 crore and net profit of Rs 5.4 crore. In FY25, it reported revenue of Rs 83.98 crore, up from Rs 58.75 crore in FY24, while profit after tax more than doubled to Rs 3.33 crore from Rs 1.61 crore.
The IPO proceeds will be used to fund the company's expansion plans and support future business growth. The company currently employs 119 people and serves a growing customer base across multiple industrial segments.
