IPO Withdrawn
Official notice: this IPO has been withdrawn from the market and is no longer active for subscription.
Twinkle Papers IPO Subscription Status
The Twinkle Papers IPO has been subscribed 0.27x times overall. Retail investors have shown interest with bids for 0.26x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.12x. Within NII, Big HNI (B-HNI) subscribed 0.18x and Small HNI (S-HNI) subscribed 0.03x. Qualified Institutional Buyers (QIBs) have subscribed 2.09x. Data last updated on 13 Aug, 10:44 AM.
The IPO subscription period has ended. The issue is currently undersubscribed, presenting a higher chance of allotment for applicants. The issue opened on 29 Jun, 2026 and closes on 01 Jul, 2026. The shares are expected to list on stock exchanges on 06 Jul, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 3,98,000 of 1,90,000 | 2.09x |
| NII | 2,34,000 of 19,98,000 | 0.12x |
| Retail | 4,60,000 of 18,00,000 | 0.26x |
| TOTAL | 10,92,000 | 0.27x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 835 | 115 | 0.14x | |
| sNII (₹2–10 L) max 139 | 3 | 0.02x | |
| bNII (₹10 L+) max 69 | 10 | 0.14x | |
| TOTAL (EST.) | 128 |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
01 Jul 2026
Day 3 |
0.27x | ▼ | |
|
QIB2.09x
NII0.12x
Retail0.26x
|
|||
|
30 Jun 2026
Day 2 |
0.27x | ▼ | |
|
QIB2.09x
NII0.12x
Retail0.26x
|
|||
|
29 Jun 2026
Day 1 |
0.08x | ▼ | |
|
QIB-
NII-
Retail0.17x
|
|||
Twinkle Papers SME IPO dates
From the bidding window to listing. Today is 22 September.
- Open 29 Jun 2026
- Close 01 Jul 2026
- Allotment 02 Jul 2026
- Refund/credit 03 Jul 2026
- Listing 06 Jul 2026
Twinkle Papers IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Twinkle Papers IPO?
As of IPO close date (01 Jul, 2026), the Twinkle Papers IPO is subscribed 0.27x times. Retail category is 0.26x, and NII is 0.12x subscribed.
When is the allotment date for Twinkle Papers IPO?
The allotment for Twinkle Papers IPO is expected to be finalized on 02 July, 2026.
When will Twinkle Papers IPO list on the stock market?
Twinkle Papers is scheduled to list on BSE and NSE on 06 July, 2026.
What are the chances of getting allotment in Twinkle Papers IPO?
The retail category is currently undersubscribed at 0.26x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.
What does QIB subscription of 2.09x mean for Twinkle Papers IPO?
Moderate — QIBs have subscribed 2.09x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Twinkle Papers IPO allotment status?
After the allotment date (02 Jul, 2026), you can check your Twinkle Papers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Twinkle Papers SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
