The ₹28 crore SME IPO of Twinkle Papers opened for subscription on Monday, with the grey market premium (GMP) at ₹9, indicating expectations of a moderate listing gain if market sentiment remains unchanged. According to latest market reports, the issue has achieved 0.02x overall subscription by 10:43 AM on day 1, with the retail portion booked at 0.04x and NII and QIB segments at 0.00x. The shares are priced in the band of ₹64-69 per share and will close for subscription on July 1, with shares proposed to be listed on the BSE SME platform on July 6.
As reported by Live Mint, the ₹28 crore SME IPO is entirely a fresh issue of 39.88 lakh equity shares with no offer-for-sale component. Retail investors can bid for a minimum of 4,000 shares, requiring an investment of ₹2.76 lakh at the upper end of the price band. The issue is structured with one lot comprising 2,000 company shares, and Alankit Assignments serves as the registrar to the issue. Novus Capital Advisors has been appointed as the book-running lead manager for the BSE SME IPO.
According to The Economic Times, the IPO proceeds will be used to fund the company's expansion plans and support future business growth. The company currently employs 119 people and serves a growing customer base across multiple industrial segments. The company's expansion plans are designed to support its future business growth trajectory in the paper manufacturing sector.
As reported by Live Mint, the Twinkle Papers IPO is scheduled to close on July 1, 2026, with the tentative allotment date set for July 2, 2026. The issue is entirely a fresh issue with no offer-for-sale component, and the company aims to raise ₹28 crore through the issuance of fresh shares. Novus Capital Advisors serves as the lead manager, while Alankit Assignments acts as the registrar, with the shares proposed for listing on the BSE SME exchange.
