Twinkle Papers IPO
Price band
₹64 – ₹67
Lot size
2000 shares
Min investment
₹1,34,000
Issue size
₹27.52 Cr
IPO schedule
| Open date | 29 Jun 2026 |
| Close date | 1 Jul 2026 |
| UPI mandate cut-off | 1 Jul 2026 |
| Allotment finalisation | 2 Jul 2026 |
| Refund initiation | 3 Jul 2026 |
| Shares credited to demat | 3 Jul 2026 |
| Listing date | 6 Jul 2026 |
| Mandate end date | 15 Jul 2026 |
| Anchor lock-in (50%) | 31 Jul 2026 |
| Anchor lock-in (remaining) | 29 Sept 2026 |
About Twinkle Papers
Twinkle Papers Limited is engaged in the manufacture of corrugated boxes and polymer-based moulded packaging products. The company has been operating in the packaging industry for around 28 years and operates from its manufacturing facility in Malerkotla, Punjab. Its product portfolio includes corrugated boxes, plastic pallets, crates, HDPE cans, poly jars, jerry cans, drums, polythene sheets, poly bags, and plastic chairs. The company manufactures these products using technologies such as blow moulding, injection moulding, and rotational moulding. Its products are supplied to customers across industries including food, dairy, construction chemicals, pharmaceuticals, and textiles. Twinkle Papers markets its products under the “Twinkle” brand and serves approximately 145 customers. The company also has an in-house research and development team that works with customers to develop customised polymer-based packaging solutions. Revenue is primarily generated through the sale of its packaging and material-handling products.
Strengths
- Over 28 years of experience in manufacturing corrugated boxes and polymer-based packaging products.
- Diverse product portfolio including corrugated boxes, pallets, crates, HDPE cans, poly jars, drums, and packaging materials.
- In-house R&D team develops customised polymer packaging solutions for customers.
- Manufacturing facilities comply with ISO 9000:2015 quality systems.
- Promoter Amit Jain brings over 30 years of experience in the packaging industry.
Risks
- The company operates from a single manufacturing location in Punjab, increasing concentration risk.
- The business has significant borrowings, with total debt of ₹53.69 crore as of December 31, 2025.
- Certain properties used as security for borrowings are owned by promoters and related parties.
- The company does not have records of a historical e-Form 5 related to an increase in authorised share capital.
- The company has not received any key awards, accreditations, or recognitions as of the RHP date.
Use of proceeds
| Repayment of borrowings | ₹7 (25.44%) Cr |
| Working capital | ₹8 (29.07%) Cr |
| General corporate purposes | ₹6.02 (21.87%) Cr |
IPO information is sourced from public feeds and shown for general information only. It is not a recommendation to apply for this or any IPO. IPOs are equity investments and carry market risk; listing gains are not guaranteed and SME IPOs are especially volatile. Grey Market Premium (GMP) is unofficial and not endorsed by SEBI or the exchanges. Equity IPOs are applied for through a demat and trading account, not through mutual fund distribution services. Read the RHP and consult a SEBI-registered investment adviser before investing.