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Twinkle Papers SME IPO Review | APPLY or AVOID?

₹64 - ₹69Price Band
₹27.52 Cr.Issue Size
4000Lot Size
Packaging & DisposablesSector
Issue Open
June 29, 2026
OFS Issue
Issue Close
July 1, 2026
Min 2 lots (retail)
Allotment Date
July 2, 2026
Lot size: 4000
Listing Date
July 6, 2026
BSE SME

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

  • Qualified workforce management base
  • Consistent core income records
  • Growing local buyer framework
  • Reliable business system setup

⚠️ Challenges

  • Pending definitive valuation limits
  • High raw materials competition

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 NameEPS (Basic)EPS (Diluted)NAV (₹ per share)P/E (x)RoNW (%)P/BV Ratio
Twinkle Papers Ltd2.362.3619.8611.89
Tpl Plastech Limited1.581.5819.539.548.13.26
Prima Plastics Ltd4.544.547125.076.41.41
Pyramid Technoplast Limited3.833.837140.615.382.18

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 NameRecommendation

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.

Sanjay Bambhaniya
Sanjay Bambhaniya
Sanjay has 8+ years of experience in data-driven IPO insights. His expertise in digital marketing and web development complements his financial knowledge and helps him to develop effective fintech solutions. He is an entrepreneur and director who helps investors understand complex primary market trends in easy-to-understand IPO reports, news, and updates.
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