{"id":133698,"date":"2026-06-29T11:05:05","date_gmt":"2026-06-29T05:35:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=133698"},"modified":"2026-06-29T11:05:07","modified_gmt":"2026-06-29T05:35:07","slug":"twinkle-papers-ipo-gmp-day-1","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/","title":{"rendered":"Twinkle Papers IPO GMP Day 1: Rs 7-8 Grey Market Premium Points to Positive Listing Sentiment"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>Twinkle Papers IPO GMP Day 1: Rs 7-8 (approx 10-11%). Issue Rs 27.52 Cr. Price Rs 64-69. BSE SME. Lot 2,000 shares. Min Rs 2,76,000.<\/em><\/p>\n<p>The Twinkle Papers IPO GMP on Day 1 of subscription stands at Rs 7-8 per share (approximately 10-11% above the upper price band of Rs 69), reflecting current grey market sentiment toward this BSE SME IPO. Twinkle Papers is raising Rs 27.52 crore through a book-built fresh issue priced in the band of Rs 64-69 per share. The Twinkle Papers IPO GMP is an unofficial, unregulated signal and should be tracked alongside subscription numbers and fundamentals before making any application decision.<\/p>\n<p>Grey market premium (GMP) figures are sourced from multiple informal dealer networks and typically update several times daily during an active IPO window. A positive Twinkle Papers IPO GMP does not guarantee listing gains, and a nil GMP does not necessarily indicate a weak listing. The Twinkle Papers IPO GMP should be read alongside the final subscription ratios and the company&#8217;s financial performance.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=twinkle-papers-gmp-day1\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Twinkle_Papers_IPO_Issue_Details_at_a_Glance\" title=\"Twinkle Papers IPO: Issue Details at a Glance\">Twinkle Papers IPO: Issue Details at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#What_Does_the_Twinkle_Papers_IPO_GMP_Signal_on_Day_1\" title=\"What Does the Twinkle Papers IPO GMP Signal on Day 1?\">What Does the Twinkle Papers IPO GMP Signal on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#About_Twinkle_Papers\" title=\"About Twinkle Papers\">About Twinkle Papers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Twinkle_Papers_IPO_Business_Strengths\" title=\"Twinkle Papers IPO: Business Strengths\">Twinkle Papers IPO: Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Twinkle_Papers_IPO_Key_Risks_Investors_Should_Evaluate\" title=\"Twinkle Papers IPO: Key Risks Investors Should Evaluate\">Twinkle Papers IPO: Key Risks Investors Should Evaluate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Should_You_Apply_for_the_Twinkle_Papers_IPO\" title=\"Should You Apply for the Twinkle Papers IPO?\">Should You Apply for the Twinkle Papers IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Frequently_Asked_Questions_on_Twinkle_Papers_IPO_GMP\" title=\"Frequently Asked Questions on Twinkle Papers IPO GMP\">Frequently Asked Questions on Twinkle Papers IPO GMP<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#What_is_the_Twinkle_Papers_IPO_GMP_today\" title=\"What is the Twinkle Papers IPO GMP today?\">What is the Twinkle Papers IPO GMP today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#What_is_the_Twinkle_Papers_IPO_price_band_and_minimum_investment\" title=\"What is the Twinkle Papers IPO price band and minimum investment?\">What is the Twinkle Papers IPO price band and minimum investment?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#What_products_does_Twinkle_Papers_Limited_manufacture\" title=\"What products does Twinkle Papers Limited manufacture?\">What products does Twinkle Papers Limited manufacture?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#On_which_exchange_will_Twinkle_Papers_list\" title=\"On which exchange will Twinkle Papers list?\">On which exchange will Twinkle Papers list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Who_is_the_lead_manager_and_registrar_for_Twinkle_Papers_IPO\" title=\"Who is the lead manager and registrar for Twinkle Papers IPO?\">Who is the lead manager and registrar for Twinkle Papers IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/twinkle-papers-ipo-gmp-day-1\/#Is_the_Twinkle_Papers_IPO_GMP_a_reliable_signal_for_listing_gains\" title=\"Is the Twinkle Papers IPO GMP a reliable signal for listing gains?\">Is the Twinkle Papers IPO GMP a reliable signal for listing gains?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Twinkle_Papers_IPO_Issue_Details_at_a_Glance\"><\/span><strong>Twinkle Papers IPO: Issue Details at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse;\">\n<tbody>\n<tr style=\"background: #00439D; color: #ffffff;\">\n<th style=\"padding: 8px 10px; text-align: left; border: 1px solid #CCC;\">Particulars<\/th>\n<th style=\"padding: 8px 10px; text-align: left; border: 1px solid #CCC;\">Details<\/th>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Issue Size<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">Rs 27.52 crore<\/td>\n<\/tr>\n<tr style=\"background: #F5F7FF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Price Band<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">Rs 64-69 per share<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Lot Size<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">2,000 shares (minimum 2 lots)<\/td>\n<\/tr>\n<tr style=\"background: #F5F7FF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Minimum Investment (Retail)<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">Rs Rs 2,76,000 (4,000 shares at upper band)<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Listing Exchange<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">BSE SME<\/td>\n<\/tr>\n<tr style=\"background: #F5F7FF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Issue Type<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">Fresh Issue<\/td>\n<\/tr>\n<tr style=\"background: #FFFFFF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Book Running Lead Manager<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">Novus Capital Advisors Pvt. Ltd.<\/td>\n<\/tr>\n<tr style=\"background: #F5F7FF;\">\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\"><strong>Registrar<\/strong><\/td>\n<td style=\"padding: 8px 10px; border: 1px solid #DDD;\">Alankit Assignments Ltd.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen Twinkle Papers IPO Fundamentals on Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Does_the_Twinkle_Papers_IPO_GMP_Signal_on_Day_1\"><\/span><strong>What Does the Twinkle Papers IPO GMP Signal on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Twinkle Papers IPO GMP of Rs 7-8 per share (approximately 10-11% above the upper price band of Rs 69) on Day 1 implies an estimated listing price of approximately Rs Rs 76-77 (upper band Rs 69 plus GMP of Rs 7-8). Grey market premium is derived from informal trading among grey market operators and represents their assessment of demand ahead of official listing. The Twinkle Papers IPO GMP can shift significantly between subscription close and listing day depending on final oversubscription levels, particularly in the QIB and NII categories. Investors tracking the Twinkle Papers IPO GMP should cross-reference it with live subscription data on the BSE and NSE platforms before drawing any conclusions.<\/p>\n<p>SEBI does not regulate or endorse GMP activity. The Twinkle Papers IPO GMP figures cited in this article are sourced from third-party grey market trackers and may vary across platforms. They do not constitute investment advice and should not be the primary basis for any IPO application decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_Twinkle_Papers\"><\/span><strong>About Twinkle Papers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Twinkle Papers is a industrial packaging and material handling products manufacturer. Established in 1995 and operating from Malerkotla, Punjab, near Ludhiana, Twinkle Papers Limited manufactures corrugated boxes, polymer-based moulded packaging products, HDPE drums, jerry cans, plastic crates, heavy-duty pallets, printed fibreboard cartons, dustbins and other material handling solutions. The company uses advanced polymer processing technologies including blow moulding, injection moulding and rotational moulding. It serves industries such as food and beverage, dairy, construction chemicals, pharmaceuticals, textiles, healthcare and refineries. Its products are sold under the Twinkle brand. The company is raising funds through this IPO primarily to support working capital requirements, business expansion and general corporate purposes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Twinkle_Papers_IPO_Business_Strengths\"><\/span><strong>Twinkle Papers IPO: Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nearly three decades of operating history since 1995, with an established customer base across food, dairy, pharma and chemicals industries providing recurring revenue stability.<\/p>\n<p>Diversified product portfolio spanning both corrugated paper packaging and polymer-based moulded products, reducing sector concentration risk within the packaging space.<\/p>\n<p>In-house R&amp;D team that collaborates with clients to develop customised polymer packaging solutions, ISO 9000:2015 certified quality systems and manufacturing capabilities across multiple packaging formats.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Twinkle Papers IPO GMP and live subscription status.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Twinkle_Papers_IPO_Key_Risks_Investors_Should_Evaluate\"><\/span><strong>Twinkle Papers IPO: Key Risks Investors Should Evaluate<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Raw material costs for corrugated paper, HDPE and other polymers are subject to commodity price cycles, and margin compression can occur during periods of rising input costs.<\/p>\n<p>The packaging industry is highly competitive with both organised and unorganised players. Pricing pressure from larger packaging conglomerates could limit margin expansion.<\/p>\n<p>BSE SME listed stocks typically exhibit lower secondary market liquidity, which may limit the ability of investors to exit positions at desired prices post-listing.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Should_You_Apply_for_the_Twinkle_Papers_IPO\"><\/span><strong>Should You Apply for the Twinkle Papers IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Twinkle Papers IPO GMP of Rs 7-8 on Day 1 reflects positive informal market sentiment, suggesting the grey market expects the stock to list approximately 10-11% above the issue price. The company has an established operating history in industrial packaging, and proceeds are earmarked for machinery expansion, loan repayment and working capital. However, investors should track final subscription data, especially QIB participation, before making an application decision. The Twinkle Papers IPO GMP on Day 1 provides one data point among many. Investors with a high risk appetite for SME IPOs may evaluate the company&#8217;s financials, valuation and sector positioning before applying. Always consult a SEBI-registered financial advisor and read the Red Herring Prospectus in full before making any investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Twinkle Papers IPO GMP on Day 1 of the subscription period is Rs 7-8 per share (approximately 10-11% above the upper price band of Rs 69). Twinkle Papers operates in the industrial packaging and material handling products manufacturer space and is listing on BSE SME. With a price band of Rs 64-69 and a minimum retail investment of Rs Rs 2,76,000 (4,000 shares at upper band), investors should track the live subscription ratios, especially in the QIB and NII categories, as these are the strongest indicators of grey market demand direction. GMP is unofficial, unregulated and subject to rapid change. Evaluate the Twinkle Papers IPO on fundamentals, valuation comfort and personal risk tolerance.<\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776). Grey market premium (GMP) figures are unofficial and unregulated by SEBI and should not be the sole basis for any investment decision.<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Twinkle_Papers_IPO_GMP\"><\/span><strong>Frequently Asked Questions on Twinkle Papers IPO GMP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Twinkle_Papers_IPO_GMP_today\"><\/span><strong>What is the Twinkle Papers IPO GMP today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Twinkle Papers IPO GMP on Day 1 of subscription is approximately Rs 7-8 per share, implying an estimated listing price of around Rs 76-77 against the upper price band of Rs 69. This is an unofficial grey market figure that can change rapidly before listing and should not be used as a guaranteed indicator of listing price.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Twinkle_Papers_IPO_price_band_and_minimum_investment\"><\/span><strong>What is the Twinkle Papers IPO price band and minimum investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Twinkle Papers IPO price band is Rs 64 to Rs 69 per share. The minimum lot size is 2,000 shares. Retail investors must apply for a minimum of 4,000 shares (2 lots), amounting to Rs 2,76,000 at the upper price band. The HNI minimum is 3 lots (Rs 4,14,000).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_products_does_Twinkle_Papers_Limited_manufacture\"><\/span><strong>What products does Twinkle Papers Limited manufacture?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Twinkle Papers Limited manufactures corrugated boxes, polymer-based moulded packaging products including HDPE drums, jerry cans, plastic crates, heavy-duty pallets, dustbins and printed fibreboard cartons. The company uses blow moulding, injection moulding and rotational moulding technologies and serves food, dairy, pharma, chemicals and textiles industries.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"On_which_exchange_will_Twinkle_Papers_list\"><\/span><strong>On which exchange will Twinkle Papers list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Twinkle Papers is proposed to list on the BSE SME platform. Investors should note that SME-listed stocks generally carry lower secondary market liquidity than mainboard stocks, and daily trading volumes post-listing can be thin, affecting the ease of entry and exit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_the_lead_manager_and_registrar_for_Twinkle_Papers_IPO\"><\/span><strong>Who is the lead manager and registrar for Twinkle Papers IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Novus Capital Advisors Pvt. Ltd. is the book running lead manager for the Twinkle Papers IPO. Alankit Assignments Ltd. is the registrar to the issue. Investors can check allotment status on the Alankit Assignments official portal after the basis of allotment is finalised.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Twinkle_Papers_IPO_GMP_a_reliable_signal_for_listing_gains\"><\/span><strong>Is the Twinkle Papers IPO GMP a reliable signal for listing gains?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium is an unofficial, SEBI-unregulated indicator sourced from informal market operators. While the Twinkle Papers IPO GMP of Rs 7-8 on Day 1 points to positive informal sentiment, it is not a guarantee of actual listing performance. GMP can reverse sharply if subscription numbers disappoint or broader market conditions weaken ahead of listing day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twinkle Papers IPO GMP Day 1 stands at Rs 7-8 (approx 10-11% premium). Issue Rs 27.52 Cr, price Rs 64-69, BSE SME. 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