Twinkle Papers SME IPO Review | APPLY or AVOID?
Twinkle Papers Limited started in 1995. It operates in the Packaging & Disposables industry and provides packaging products to its customers across multiple industries. This business is based in Malerkotla, Punjab. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Updated review will be available soon.
✅ Strengths
⚠️ Challenges
Financial Update
The company released its restated financial statements for the year ending March 31, 2025. Total revenue was ₹83.98 crore increased from ₹58.75 in previous year. The net profit for the same period was ₹3.33 crore increased from ₹1.61 in previous year. Assets increased by 23.12% compared to the previous year. The revenue performance shows healthy expansion trends during the last few terms. Net profit patterns grew nicely because operating costs remained stable.Updated review will be available soon.
IPO Valuation
The upper price band is ₹TBA. This price leads to a Price-to-Earnings (P/E) ratio of –. The average P/E for the industry is –. The basic EPS stands at 2.36 rupees. The current return on net worth reaches 11.89 percent. Bidders will receive complete valuation clarity after the management reveals the definitive share price band.
IPO Objective
Company will use Offer proceeds to meet stated objectives:
- To meet out the capital expenditure for expansion at the existing manufacturing facility by purchase of new machinery
- To repayment of portion of loans availed by the Company
- To meet the Working Capital requirements of the Company
Promoters & Lead Manager
- The Promoters of the company are Amit Jain, Ayush Jain and Ruchi Jain.
- Novus Capital Advisors Private Limited is the Lead Manager.
Peer Comparison
Below is the comparison of the company with its listed peers using data from March 31, 2025. The company posts a high return on net worth compared to the standard peer group.
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Twinkle Papers Ltd | 2.36 | 2.36 | 19.86 | 11.89 | ||
| Tpl Plastech Limited | 1.58 | 1.58 | 19.5 | 39.54 | 8.1 | 3.26 |
| Prima Plastics Ltd | 4.54 | 4.54 | 71 | 25.07 | 6.4 | 1.41 |
| Pyramid Technoplast Limited | 3.83 | 3.83 | 71 | 40.61 | 5.38 | 2.18 |
Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).
IPO Review & Analyst Rating
Updated review will be available soon.
| Analyst Name | Recommendation |
|---|---|
| – | – |
Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.


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