Twinkle Papers Ltd has launched its initial public offering, with shares trading at a premium in the grey market on the first day of subscription.
Market observers report a grey market premium (GMP) of ₹9 per share, indicating initial positive sentiment among early participants despite the absence of official subscription data.
The IPO is priced at a band of ₹64 per share and will remain open for subscription until July 1, 2026.
The offering marks a significant capital-raising event for the paper manufacturer as it seeks to broaden its shareholder base and enhance liquidity for existing stakeholders.
Grey market premiums serve as an informal barometer of investor demand before official allotment results are declared.
A ₹9 premium suggests that traders anticipate the stock may list above its issue price, though such indicators are unofficial and subject to change as the subscription window progresses.