The initial public offering (IPO) of Knack Packaging Ltd will open for subscription on July 1, 2026, and close on July 3, 2026. The company aims to raise approximately Rs. 439.50 crore through a book-built issue comprising both a fresh issue and an offer for sale (OFS). The equity shares are expected to list on the BSE and NSE on July 8, 2026.
Knack Packaging IPO GMP (Grey Market Premium)
In the grey market, Knack Packaging shares are currently trading at a premium of Rs. 5 to Rs. 9 per share. Based on the upper price band of Rs. 170 and a GMP of Rs. 5, the estimated listing price is around Rs. 175, implying a potential listing gain of approximately 2.9%. Investors should note that the GMP is not an official figure and may change before listing.
IPO Size, Structure & Reservation
The issue is a combination of a fresh issue of 2.24 crore shares aggregating Rs. 380 crore and an OFS of 0.35 crore shares aggregating Rs. 59.50 crore.
- Price Band: Rs. 161–170 per share
- Lot Size: 88 shares
- Minimum Investment (Retail): Rs. 14,960
- sNII (Small Non-Institutional Investors): 14 lots (1,232 shares) – Rs. 2,09,440
- bNII (Big Non-Institutional Investors): 67 lots (5,896 shares) – Rs. 10,02,320
| Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% |
| Retail Investors | Not less than 35% |
| Non-Institutional Investors (NII) | Not less than 15% |
The basis of allotment is expected to be finalized on July 6, 2026 (July 4 being a Saturday). Systematix Corporate Services Ltd. is the book-running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar for the issue.
About Knack Packaging
Founded in 2013, Knack Packaging is a one-stop packaging solutions provider specializing in printed and laminated woven polypropylene (PLWPP) bags. The company serves the food, pet food, agriculture, fertilizers, cement, chemicals, and other industries. It holds approximately 10.1% market share in India’s flexible bulk PLWPP bag market as of Fiscal 2025. The firm serves over 1,950 customers across 68 countries and has created more than 73,000 printing cylinders.
Financial Performance
- Total Income (FY26): Rs. 843.77 crore (up 13% from Rs. 747.38 crore in FY25)
- Profit After Tax (FY26): Rs. 92.72 crore (up 26% from Rs. 73.59 crore in FY25)
- EBITDA (FY26): Rs. 172.29 crore
The IPO presents investors an opportunity to participate in the growth of a leading packaging player with a strong financial trajectory and a large international client base.