Twinkle Papers Ltd. IPO

Established on September 27, 1995,Twinkle Papers Limited specialises in the manufacture of packaging and material handling products. The company manufactures Corrugated Boxes and polymer-based molded packaging products.

The company’s plastic products utilise advanced technologies like blow molding, injection molding, and rotational molding, primarily serving industries such as food, dairy, construction chemicals, pharmaceuticals, and textiles.

Twinkle Papers Limited produces a diverse range of products, including:

  • Corrugated boxes
  • Multi-colored printed fiberboard cartons
  • HDPE drums and jerrycans
  • Plastic crates and heavy-duty pallets
  • Molded plastic furniture
  • Dustbins.

The company sells its products under the brand “Twinkle”, catering to various industries. Its in-house R&D team collaborates with clients to design custom polymer solutions for their packaging challenges. The manufacturing facilities also comply with ISO 9000: 2015 systems.

The company manufactures various products, including jerry cans, drums, pallets, lids, handles, and other ancillary items for industrial packaging across multiple industries like Food and Beverage, Healthcare, Textile, Chemical, and refineries. We use HDPE and LLDPE plastic granules for production.

As of December 31, 2025, the company has 119 employees.

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 Financials (Restated Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets93.3775.3861.2250.64
Total Income73.1383.9858.7554.96
Profit After Tax5.403.331.610.90
EBITDA10.759.638.475.47
NET Worth24.9419.5411.079.46
Reserves and Surplus13.778.3710.138.52
Total Borrowing53.6940.7933.8829.62
Amount in ₹ Crore

Recently Listed IPOs in Packaging

CompanyIssue TypeIssue SizeIssue PriceListing Day CloseListing Gain/Loss %LTP
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RFBL Flexi Pack Ltd.SME₹35.33 Cr₹50₹55.10+10.20%₹82.20 (+0.18%)
Ecoline Exim Ltd.SME₹76.42 Cr₹141₹140.50-0.35%₹205.45 (-0.60%)
 

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1To meet out the capital expenditure for expansion at the existing manufacturing facility by purchase of new machinery6.50
2To repayment of portion of loans availed by the Company7.00
3To meet the Working Capital requirements of the Company8.00
4To meet the General Corporate Purposes 
 Total21.50

Key Performance Indicator (KPI)

KPISep 30, 2025Mar 31, 2025
ROE21.66%17.75%
ROCE18.82%22.83%
Debt/Equity2.152.09
RoNW21.66%17.75%
PAT Margin7.49%4.25%
EBITDA Margin14.92%11.79%
Price to Book Value 3.94
 Pre IPOPost IPO
EPS (₹)2.984.75
P/E (x)23.1614.52

Twinkle Papers IPO Details

IPO Date 29 Jun to 1 Jul, 2026
Listing Date Mon, Jul 6, 2026
Face Value ₹10 per share
Price Band ₹64 to ₹69
Lot Size 2,000 Shares
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At BSE SME
Total Issue Size 39,88,000 shares
(agg. up to ₹28 Cr)
Reserved for Market Maker
2,00,000 shares
(agg. up to ₹1 Cr)

Nirman Share Brokers Pvt.Ltd.

Fresh Issue
(Ex Market Maker)
37,88,000 shares
(agg. up to ₹26 Cr)
Net Offered to Public 37,88,000 shares
(agg. up to ₹26 Cr)
Share Holding Pre Issue 1,11,62,992 shares
Share Holding Post Issue 1,51,50,992 shares

Twinkle Papers IPO Promoter Holding

The promoters of the company are Mr. Vinod Gupta and Mrs. Arnima Gupta.

Share Holding Pre Issue98.99%
Share Holding Post Issue72.94%

SHARIAH SCREENING for - Twinkle Papers Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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