Twinkle Papers Ltd (BSE SME)

Twinkle Papers Limited operates within the industrial products sector, specializing in paper manufacturing and related operations. The company is focused on expanding its infrastructural capabilities to deliver quality paper solutions for packaging, publishing, and diverse industrial commercial channels.

Track Record

• Revenue Performance: Total income witnessed consistent growth, moving up from ₹54.96 Cr in FY23 to ₹58.75 Cr in FY24, expanding to ₹83.98 Cr in FY25, and logging a robust ₹73.13 Cr for the 9-month period ending December 31, 2025.

• Profitability: Net profit (PAT) demonstrated solid upward acceleration, growing from ₹0.90 Cr in FY23 to ₹1.61 Cr in FY24, reaching ₹3.33 Cr in FY25, and hitting ₹5.40 Cr during the interim period ending December 2025.

• Operational Scale: Maintained strong fiscal productivity with an EBITDA of ₹9.63 Cr in FY25 and ₹10.75 Cr for the 9-month period ending late 2025, supported by a healthy PAT margin of 7.49%.

Twinkle Papers Ltd IPO GMP

As of June 22, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: Because the official public subscription window opens next week on June 29, the early grey market activity is starting flat. However, the company holds steady operating metrics, featuring a Return on Equity (ROE) of 21.66% as of late 2025.

Twinkle Papers Ltd IPO Allotment Status

The allotment is scheduled to be finalized on July 02, 2026.

Check Twinkle Papers Allotment Status

To check your status online, visit the official exchange tracking systems or monitor updates through the assigned registrar channels.

You can verify your status via:

• BSE official SME tracking portal

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Strengths

• Accelerating Profit Trajectory: Displays strong fiscal momentum with net profits expanding from under ₹1 crore to over ₹5.40 crore within recent operating cycles.

• Strong Operational Margins: Boasts an improved EBITDA margin of 14.92% alongside a steady Return on Net Worth (RoNW) of 21.66% as of December 2025.

• Expanding Capital Base: Steadily built its corporate net worth up to ₹24.94 Cr by late 2025.

Weaknesses

• High Financial Leverage: Carries considerable commercial debt with a Debt-to-Equity ratio sitting at 2.15x as of December 2025, with total borrowings hitting ₹53.69 Cr.

• Raw Material Dependency: Operational yield and margins remain sensitive to supply conditions and global price trends of core raw paper pulp components.

How the Company Will Use IPO Money

The fresh issue proceeds (₹21.50 Cr net of core issue outlays) will be utilized for:

• Working Capital Requirements: To fulfill everyday operational capital needs and manage inventory loops (₹8.00 Cr).

• Debt Repayment: Part repayment of certain loans and commercial lines availed by the firm (₹7.00 Cr).

• Capital Expenditure: Funding expansion strategies at its existing manufacturing unit via the purchase of advanced heavy machinery (₹6.50 Cr).

• General Corporate Purposes: General administrative operations, corporate building, and meeting statutory public listing expenses.

Lead Manager & Registrar

• Market Maker: Nirman Share Brokers Private Limited

• Registrar Information: Allotment registries, transactional tracking systems, and data validations are managed via the designated processing registrar partners.