| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹439.50 Cr |
| Fresh Issue | ₹380.00 Cr |
| Offer for Sale | ₹59.50 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹161.00-170.00 per share |
| Discount | Employee: 16.00 |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers |
IDBI Capital Markets &... |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
Minimum bid: 88 shares and in multiples thereof
Knack Packaging IPO comprises a total issue size of 2,58,52,941 shares. The net offer to the public is 2,57,23,071 shares, after excluding 1,29,870 shares under a preferential allotment. Of the Net offer 1,28,61,535 (50.00%) are allocated to QIB, 38,58,461 (15.00%) allocated to NII 90,03,075 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,28,61,535 | 50.00% | 49.75% | NA |
| − Anchor Investor Shares Offered | 77,20,587 | 29.86% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 51,40,948 | 19.89% | NA | |
| NII (HNI) Shares Offered | 38,58,461 | 15.00% | 14.92% | NA |
| − bNII > ₹10L | 25,72,307 | 9.95% | 2,087 | |
| − sNII < ₹10L | 12,86,154 | 4.97% | 1,043 | |
| Retail Shares Offered | 90,03,075 | 35.00% | 34.82% | 1,02,307 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,29,870 | 0.50% | NA | |
| Total Shares Offered | 2,58,52,941 | 100.00% | 100.00% | |
Knack Packaging Limited, established in 2013, is a leading provider of integrated packaging solutions with a strong emphasis on product innovation, sustainability, and export-driven growth. The company specializes in manufacturing high-performance packaging products designed to meet the diverse requirements of industries worldwide.
The company’s product portfolio includes Printed and Laminated Woven Polypropylene (PLWPP) bags, such as pinch-bottom bags, gusseted bags, block-bottom bags, and retail shopping bags. These packaging solutions are widely used across sectors including food processing, pet food, agriculture, fertilizers, construction materials, detergents, cement, chemicals, and minerals, among others.
Knack Packaging’s products are designed to strengthen brand identity, enhance product protection, minimize counterfeiting risks, and improve supply chain efficiency. During Fiscal 2025, the company accounted for approximately 10.1% of the Indian flexible bulk PLWPP bag market, reflecting its strong industry presence.
The company serves a broad customer base comprising prominent domestic and international organizations. Its Indian clientele includes leading companies such as Baba Agro Food Limited, Drools Pet Food Private Limited, Ebro India Private Limited, KRBL Limited, and DCM Shriram Limited. Globally, it caters to customers across 68 countries, including well-known brands such as Cargill, Cristo S.A., and Repi Soap and Detergent PLC. Export operations form a significant part of the business, with the United States, Mexico, and South Africa contributing nearly 58.44% of total export revenue.
To ensure superior quality and customization, the company operates an in-house printing facility that provides end-to-end design support and cylinder development capabilities. As of July 31, 2025, Knack Packaging had developed more than 67,000 cylinders, managed over 12,000 SKUs, and operated a warehouse facility spanning approximately 92,065 square feet. This integrated infrastructure enables the company to efficiently serve a global customer base of more than 1,900 clients while maintaining consistent product quality and timely deliveries.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat. | 320.00 |
| 2 | General Corporate Purposes | |
| Total | 320.00 |
Knack Packaging Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 595.25 | 449.36 | 379.38 | 269.33 |
| Total Income | 843.77 | 747.38 | 659.01 | 518.47 |
| Profit After Tax | 92.72 | 73.81 | 45.98 | 19.87 |
| EBITDA | 172.29 | 144.34 | 101.37 | 54.84 |
| NET Worth | 308.19 | 214.71 | 140.62 | 95.34 |
| Reserves and Surplus | 208.19 | 209.71 | 135.62 | 90.34 |
| Total Borrowing | 192.47 | 172.06 | 173.09 | 122.66 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 35.75% |
| ROCE | 46.71% |
| Debt / Equity | 0.62% |
| RoNW | 35.47% |
| PAT Margin | 10.99% |
| EBITDA Margin | 20.42% |
| Price to Book Value | 5.52 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 9.27 | |
| P/E (x) | 18.33 | |
| Promoter Holding | 89.6% | 70.59% |