Twinkle Papers IPO
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Twinkle Papers IPO details
Schedule of Twinkle Papers
| Issue open date | 29 Jun 2026 |
| Issue close date | 01 Jul 2026 |
| UPI mandate deadline | 01 Jul 2026 (5 PM) |
| Allotment finalization | 02 Jul 2026 |
| Refund initiation | 03 Jul 2026 |
| Share credit | 03 Jul 2026 |
| Listing date | 06 Jul 2026 |
| Mandate end date | 15 Jul 2026 |
| Lock-in end date for anchor investors (50%) | 31 Jul 2026 |
| Lock-in end date for anchor investors (remaining) | 29 Sep 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Twinkle Papers
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 27.52 |
| Fresh issue- proceeds go to company | 27.52 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase new machinery for expansion of the existing manufacturing facility |
6.5 (23.62%) |
| Repayment of a portion of existing borrowings | 7 (25.44%) |
| Funding working capital requirements | 8 (29.07%) |
| General corporate purposes | 6.02 (21.87%) |
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.