Twinkle Papers IPO GMP Today, Price & Details
Twinkle Papers IPO GMP Today, Price Band, Subscription Status, Allotment & Listing Details
About Twinkle Papers
Twinkle Papers operates in the paper and paper-products manufacturing space, serving packaging, printing, and industrial uses. Paper is a steady, volume-driven business where demand tracks broad economic and packaging activity. The IPO was an SME offering on the BSE, sized at ₹27.52 Cr and priced at ₹64–69 per share with a face value of ₹10.
On the financials, the company reported revenue of ₹72.07 Cr and net profit of ₹5.40 Cr, with an EBITDA margin of 11.79% and solid return ratios of 17.75% RONW and 22.83% ROCE.
This was a 100% fresh issue, so the full ₹27.52 Cr goes into the company to support capacity and working capital.
Twinkle Papers IPO — Investment Analysis
At the upper band of ₹69, Twinkle Papers was valued at 13.52x earnings on an EPS of ₹4.74 — a modest, reasonable multiple for a paper-products SME, in keeping with the sector's steady-but-unexciting profile.
The financial profile is sound. A 22.83% ROCE is healthy and shows efficient capital use, while the 11.79% EBITDA margin is standard for paper manufacturing. Revenue of ₹72.07 Cr keeps it a small but established operator.
The risks are the usual paper-sector ones: exposure to pulp and input-cost volatility, competition, and demand that tracks the broader economy and packaging cycle. The environmental and regulatory backdrop for paper is another long-term factor.
Investor demand was modest, with the issue subscribed 2.09x overall — a measured response for a steady, unspectacular business. With the listing still ahead at the time of writing, the reasonable valuation and healthy ROCE were the main draws. Our IPO profit calculator can size a position. Investors should consult a SEBI-registered financial advisor before making investment decisions.
Disclaimer: This analysis is auto-generated from publicly available financial data and should not be considered investment advice. Always consult a SEBI-registered financial advisor before making investment decisions.
Twinkle Papers IPO — Pros & Cons
Strengths
- A healthy ROCE of 22.83%, showing efficient use of capital for a paper manufacturer.
- A reasonable valuation at 13.52x earnings, modestly priced for the sector.
- Steady, volume-driven demand tied to packaging and printing activity.
- A 100% fresh issue means the full ₹27.52 Cr funds capacity and working capital.
- Solid profitability for the size, with net profit of ₹5.40 Cr on revenue of ₹72.07 Cr.
Risks
- Exposure to pulp and input-cost volatility, which can compress the 11.79% EBITDA margin.
- A competitive, fragmented paper market limits pricing power for a small operator.
- Modest demand at 2.09x subscription reflected measured investor interest.
- Small scale, with revenue of ₹72.07 Cr, keeps it firmly a micro-cap.
- Thin SME liquidity and a large per-lot ticket constrain post-listing participation.
Twinkle Papers IPO Details
| Company Name | Twinkle Papers |
|---|---|
| IPO Type | SME |
| Exchange | BSE |
| Price Band | ₹64 - ₹69 |
| Face Value | ₹10 per share |
| Lot Size | 2000 shares |
| Min Investment | ₹138,000 |
| Total Issue Size | ₹27.52 Cr |
|---|---|
| Fresh Issue | ₹27.52 Cr |
| Registrar | Alankit Assignments Ltd. |
| Lead Manager | List of Issues managed, Novus Capital Advisors Pvt.Ltd. |
| IPO Status | Listed |
Twinkle Papers IPO Dates
Twinkle Papers IPO Subscription Status
Day-wise Subscription Trend
| Date | Retail | NII/HNI | QIB | Total |
|---|---|---|---|---|
| 30 Jun 2026 | 0.26x | 0.02x | 2.09x | 0.24x |
| 29 Jun 2026 | 0.17x | 0.00x | 0.00x | 0.08x |
Twinkle Papers IPO — Key Highlights
- Paper-products SME, BSE IPO of ₹27.52 Cr.
- Healthy ROCE of 22.83% and 17.75% RONW.
- Reasonably valued at 13.52x earnings on an EPS of ₹4.74.
- Standard 11.79% EBITDA margin for the sector.
- Subscribed 2.09x overall.
- A 100% fresh issue of ₹27.52 Cr.
Twinkle Papers Financial Performance
| Metric (₹ Cr) | FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 |
|---|---|---|---|---|
| Revenue | 54.45 | 57.89 | 81.65 | 72.07 |
| Expenses | 53.72 | 55.95 | 79.52 | 68.08 |
| Net Income (PAT) | 0.90 | 1.60 | 3.47 | 5.40 |
| Margin (%) | 1.65% | 2.76% | 4.25% | 7.49% |
Twinkle Papers IPO Valuations & Key Metrics
Valuation Ratios
| EPS | ₹4.74 |
|---|---|
| P/E Ratio | 13.52x |
| NAV | ₹17.50 |
| Current Ratio | 8,211.00 |
| Debt/Equity | 2.090 |
Return Metrics
| RONW (%) | 17.75% |
|---|---|
| ROCE (%) | 22.83% |
| EBITDA Margin | 11.79% |
| Employees | 147 |
Twinkle Papers IPO Reservation / Allocation
Twinkle Papers IPO Lead Manager & Registrar
Book Running Lead Manager
List of Issues managed, Novus Capital Advisors Pvt.Ltd.
IPO Registrar
Alankit Assignments Ltd.
Twinkle Papers IPO — Frequently Asked Questions
What is Twinkle Papers IPO GMP today?
As of today, the Grey Market Premium (GMP) for Twinkle Papers IPO is ₹2 per share, indicating a potential listing premium of 2.9% above the issue price of ₹69.
What is the price band and lot size of Twinkle Papers IPO?
Twinkle Papers IPO has a price band of ₹64 to ₹69 per equity share with a face value of ₹10. The minimum lot size is 2000 shares, requiring a minimum investment of ₹138,000 at the upper band.
What are the important dates for Twinkle Papers IPO?
Twinkle Papers IPO opens for subscription on 29 Jun 2026 and closes on 01 Jul 2026. Allotment is expected on 02 Jul 2026. The shares are expected to list on BSE on 06 Jul 2026.
What is the investor category allocation in Twinkle Papers IPO?
The shares are reserved as follows — Qualified Institutional Buyers (QIB): 5.02%, Non-Institutional Investors (NII/HNI): 47.47%, and Retail Individual Investors: 47.52%.
How can I apply for Twinkle Papers IPO?
You can apply for Twinkle Papers IPO through your bank's net banking ASBA facility or via UPI-based application through any stockbroker platform. Ensure you have sufficient funds in your bank account as the amount will be blocked until allotment. The registrar for this IPO is Alankit Assignments Ltd..
What is the subscription status of Twinkle Papers IPO?
Twinkle Papers IPO has been subscribed 2.09 times overall. Retail category: 0.00x, NII/HNI: 0.00x, QIB: 2.09x.
What was Twinkle Papers IPO's price band and lot size?
Twinkle Papers was priced at ₹64 to ₹69 per share, with a lot of 2,000 shares — a per-lot value of about ₹1.38 lakh at the upper band. The face value was ₹10.
What does Twinkle Papers do?
It manufactures paper and paper products for packaging, printing, and industrial uses — a steady, volume-driven business tied to broad economic activity.
How strong are Twinkle Papers' financials?
Sound for the size: revenue of ₹72.07 Cr, an 11.79% EBITDA margin, and a healthy 22.83% ROCE, with a modest 13.52x valuation.
Was Twinkle Papers IPO fairly valued?
Yes — at 13.52x earnings on an EPS of ₹4.74, it was modestly and fairly priced for a steady paper-products SME.