Knack Packaging IPO GMP today is Rs 9. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
KNACK
Knack Packaging
Knack Packaging Limited is a packaging company that manufactures and supplies specialised flexible packaging products for customers across India and international markets. The company primarily produces woven polypropylene (PP) packaging solutions, including printed and laminated woven PP bags, pinch bottom bags, BOPP laminated bags, woven fabrics, HDPE/PP tapes and other customised packaging products. These products cater to industries such as pulses, rice, lentils, fertilisers, pet food and other industrial applications. Knack Packaging operates multiple manufacturing facilities in Gujarat and has a subsidiary in South Africa that imports and sells its products. The company generates revenue through the manufacture and sale of its packaging products and continues to expand its product portfolio to meet evolving customer requirements. Its business is supported by a diversified customer base, product customisation capabilities and a presence across multiple end-use industries.
IPO Details
Complete IPO information
| Current GMP | ₹9 |
|---|---|
| Estimated Listing Gain | +5.29% |
| Price Band | ₹161.00 - ₹170.00 |
| Issue Price | ₹170.00 |
| Listing Price | TBA |
| Lot Size | 88 Shares |
| Issue Type | Mainboard |
| Issue Size | Approx ₹439.50 Cr |
| Registrar | TBA |
| Exchange | BSE, NSE |
| Retail Quota | TBA |
| Overall Subscription | 83.33x |
| Listing Date | 08 Jul 2026 |
| Minimum Investment | ₹14,960 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
01 Jul 2026
02
Bidding Closes
03 Jul 2026
03
Allotment
06 Jul 2026
04
Listing
08 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 8 July | ₹9 | -₹7.00 | 5.29% |
| 7 July | ₹16 | -₹2.00 | 9.41% |
| 6 July | ₹18 | -₹9.00 | 10.59% |
| 4 July | ₹27 | -₹1.00 | 14.36% |
| 3 July | ₹28 | - | 14.89% |
| 2 July | ₹28 | - | 14.89% |
| 1 July | ₹28 | +₹10.00 | 14.89% |
| 30 June | ₹18 | +₹3.50 | 10.59% |
| 29 June | ₹14.5 | +₹0.50 | 8.53% |
| 27 June | ₹14 | +₹1.00 | 8.24% |
| 26 June | ₹13 | - | 7.65% |
| 25 June | ₹13 | -₹2.00 | 7.65% |
| 24 June | ₹15 | - | 8.82% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 88 | ₹14,960 |
| Retail Maximum | 13 Lot | 1,144 | ₹1,94,480 |
| S-HNI Minimum | 14 Lot | 1,232 | ₹2,09,440 |
| S-HNI Maximum | 66 Lot | 5,808 | ₹9,87,360 |
| B-HNI Minimum | 67 Lot | 5,896 | ₹10,02,320 |
Issue Notes
Important takeaways before applying
Strengths
- Offers a diversified portfolio of specialised flexible packaging products for multiple end-use industries.
- Operates four manufacturing facilities with export presence supported by a South African subsidiary.
- Does not depend on a limited number of suppliers or customers for its overall operations.
- Focuses on sustainable manufacturing through renewable energy, recycled materials and wastewater recycling.
- Has received multiple industry recognitions for exports and packaging innovation.
Risks
- A significant portion of revenue comes from existing and a few key customers, and the loss of these customers may impact the business.
- The company relies on key raw material suppliers without long-term contractual arrangements.
- Delays or cost overruns in setting up the new manufacturing facility could affect growth and financial performance.
- Insurance coverage may not fully protect against losses from events such as product liability, terrorism or loss of profits.
- The registered office and some manufacturing facilities are on leased premises, and failure to renew or relocate could affect operations.
Analysis
Knack Packaging IPO Details
Knack Packaging Limited is launching its Initial Public Offering (IPO) through the book-building route to raise capital for expansion plans, capacity enhancement, working capital requirements, and other strategic business initiatives. The company operates in the packaging industry and caters to a diverse range of sectors with its packaging solutions.
The public issue consists of both a fresh issue of equity shares and an offer for sale by existing shareholders. While the proceeds from the fresh issue will be utilized by the company for growth and expansion activities, the proceeds from the offer for sale portion will be received by the selling shareholders. The equity shares of Knack Packaging Limited are proposed to be listed on both the BSE and NSE stock exchanges.
| Particular | Details |
|---|---|
| Knack Packaging IPO Open Date | July 1, 2026 |
| Knack Packaging IPO Close Date | July 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹161 to ₹170 Per Share |
| Issue Size | Approx ₹439.50 Crores, 2,58,52,941 Equity Shares |
| Fresh Issue | Approx ₹380 Crores, 2,23,52,941 Equity Shares |
| Offer for Sale (OFS) | Approx 35,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
Analysis
Knack Packaging IPO Reservation
Knack Packaging Limited has reserved shares for various categories of investors in accordance with SEBI regulations governing book-building public issues. The reservation structure is designed to ensure balanced participation from institutional investors, non-institutional investors, and retail investors.
The allocation includes a significant portion for Qualified Institutional Buyers (QIBs), while dedicated quotas have also been set aside for Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs). The final share allocation may vary depending on subscription levels and regulatory requirements.
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Analysis
Knack Packaging IPO Anchor Investors
Knack Packaging Limited has reserved a portion of its IPO for Anchor Investors as part of the book-building process. Anchor investors are generally institutional investors such as mutual funds, insurance companies, banks, and foreign portfolio investors who participate in the issue before it opens for public subscription.
Participation by anchor investors often enhances market confidence and supports efficient price discovery during the IPO process. Shares allotted to anchor investors are subject to mandatory lock-in requirements prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | June 30, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date for 50% Shares (30 Days) | 2026 |
| Lock-in Period End Date for Remaining 50% Shares (90 Days) | 2026 |
Note: Final anchor allocation details, investor names, and issue size will be announced after completion of the anchor book allocation process and regulatory filings.
Analysis
Knack Packaging IPO Dates
The Knack Packaging IPO is scheduled to open for subscription on July 1, 2026 and will remain available for bidding until July 3, 2026. Investors can apply for the IPO through ASBA-enabled bank accounts or supported UPI applications during the subscription period.
Following the closure of the issue, the basis of allotment is expected to be finalized on July 6, 2026. Refunds and credit of allotted shares to investors' demat accounts are scheduled for July 7, 2026, while the company is expected to debut on both BSE and NSE on July 8, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 1, 2026 |
| IPO Close Date | July 3, 2026 |
| Basis of Allotment | July 6, 2026 |
| Refunds | July 7, 2026 |
| Credit to Demat Account | July 7, 2026 |
| IPO Listing Date | July 8, 2026 |
| IPO Bidding Cut-off Time | July 3, 2026 – 5 PM |
Analysis
Knack Packaging IPO Promoters and Holding Pattern
The promoters of Knack Packaging Limited are Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel. The promoters have played an important role in establishing the company and expanding its presence in the packaging and manufacturing industry.
Following the completion of the IPO, promoter shareholding will dilute due to the fresh issue of equity shares and offer for sale component. However, the promoters are expected to continue retaining a significant stake and remain actively involved in the company's future growth and strategic direction.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 10,00,00,000 | 89.6% |
| Promoter Holding Post Issue | – | 70.59% |
Analysis
Knack Packaging IPO Objects of the Issue & Utilisation of Proceeds
Knack Packaging Limited intends to utilize the net proceeds from the IPO primarily for expanding its manufacturing capabilities and supporting long-term business growth. The proposed investment is expected to enhance production capacity and strengthen the company's position in the packaging industry.
A major portion of the funds raised through the fresh issue will be used for establishing a new manufacturing facility in Gujarat, which is expected to improve operational efficiency and cater to increasing customer demand across various end-user industries.
| Purpose | Amount (Crores) |
|---|---|
| Capital expenditure towards setting up of a new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat | ₹320.00 |
| General Corporate Purpose | ₹- |
Note: The proposed capital expenditure is aimed at expanding production infrastructure and supporting future revenue growth opportunities for the company.
Analysis
Knack Packaging - About IPO
Knack Packaging is one of the leading manufacturers of printed and laminated woven polypropylene (PLWPP) bags and PLWPP pinch bottom bags. It is an innovative packaging solutions provider that makes customised and high-strength PLWPP bags. Its products are useful to a wide range of industries, including food, pet food, agriculture, chemicals, fertilisers, building materials, and other industrial applications.
The company manufactures packaging products all under one roof, from raw materials to finished goods, enabling it to make products with better quality and lower costs. Its manufacturing facility is situated in Gujarat, covering 1.12 million sq. ft with a capacity of 36,400 MTPA. Moreover, Knack Packaging has also maintained strong relationships with well-known domestic and international brands such as Cargill, KRBL, Drools, and Ebro Foods.
Analysis
Knack Packaging IPO Company Financial Report
Knack Packaging Limited has reported strong financial growth over the last three financial years, driven by increasing demand for its packaging products and expansion of its manufacturing operations. The company has demonstrated steady revenue growth along with improving profitability margins.
The financial performance indicates efficient cost management and enhanced operational capabilities, resulting in significant growth in Profit After Tax (PAT) and total assets. The company's consistent expansion reflects its strengthening market position within the packaging industry.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹659.01 | ₹597.26 | ₹45.98 | ₹379.38 |
| 2025 | ₹747.38 | ₹648.15 | ₹73.81 | ₹449.36 |
| 2026 | ₹843.77 | ₹716.69 | ₹92.72 | ₹595.25 |
Amount in ₹ Crores: The above financial figures are based on the company's reported financial statements and are intended to provide investors with an overview of business growth, profitability, and financial strength.
Analysis
Knack Packaging IPO Valuation – FY2026
Investors generally assess an IPO using important valuation metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), Earnings Per Share (EPS), Return on Net Worth (RoNW), EBITDA Margin, and Net Asset Value (NAV). These indicators help evaluate the company's profitability, operational efficiency, and financial health before making investment decisions.
Knack Packaging Limited has reported strong financial performance in FY2026 with healthy profitability margins and robust returns on capital employed. The valuation metrics below provide a comprehensive overview of the company's financial strength and may assist investors in assessing the IPO pricing and long-term growth prospects.
| KPI | Values |
|---|---|
| ROE | 35.75% |
| ROCE | 46.71% |
| EBITDA Margin | 20.42% |
| PAT Margin | 10.99% |
| Debt to Equity Ratio | 0.62 |
| Earning Per Share (EPS) | ₹9.27 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 35.47% |
| Net Asset Value (NAV) | ₹30.82 |
Note: The above valuation figures are derived from the company's FY2026 financial statements and are widely used by investors for IPO valuation analysis, peer comparison, and investment assessment purposes.
Analysis
Knack Packaging IPO Peer Group Comparison
Peer group analysis helps investors compare Knack Packaging Limited with other listed companies operating in the packaging and industrial packaging sector. Metrics such as EPS, P/E ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and revenue provide valuable insights into valuation levels and operational efficiency across the industry.
Comparing these financial indicators with established peers enables investors to better evaluate the IPO pricing, growth potential, and competitive position of Knack Packaging Limited within the packaging industry.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Time Technoplast Limited | 9.99 | 17.86 | 13.37% | 84.40 | [.] Cr. |
| TCPL Packaging Limited | 107.47 | 28.19 | 14.34% | 791.28 | [.] Cr. |
| Mold-Tek Packaging Limited | 21.93 | 31.83 | 10.98% | 207.57 | [.] Cr. |
Note: Peer comparison figures are based on the latest publicly available financial information and are intended for informational purposes only. Investors should consider multiple factors, including business model, growth prospects, and valuation metrics, before making investment decisions.
Analysis
IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Ltd.
- IDBI Capital Markets & Securities Ltd.
- Pantomath Capital Advisors Pvt.Ltd.
FAQ
Knack Packaging IPO FAQs
Knack Packaging IPO price band is Rs 161.00 to Rs 170.00. Check the latest issue price, lot size and GMP together before applying.
Knack Packaging IPO open date is 01 Jul 2026, close date is 03 Jul 2026, and listing date is 08 Jul 2026.
Knack Packaging IPO lot size is 88 shares. The minimum retail investment is Rs 14,960.
Knack Packaging is classified as a Mainboard. This helps investors quickly understand the issue category and exchange segment.
Knack Packaging IPO subscription status currently shows Retail 20.07x, QIB 154.34x, Overall 83.33x.
Knack Packaging Limited is a packaging company that manufactures and supplies specialised flexible packaging products for customers across India and international markets. The company primarily produces woven polypropylene (PP) packaging solutions, including printed and laminated woven PP bags, pinch bottom bags, BOPP laminated bags, woven fabrics, HDPE/PP tapes and other customised packaging products. These products cater to industries such as pulses, rice, lentils, fertilisers, pet food and other industrial applications. Knack Packaging operates multiple manufacturing facilities in Gujarat and has a subsidiary in South Africa that imports and sells its products. The company generates revenue through the manufacture and sale of its packaging products and continues to expand its product portfolio to meet evolving customer requirements. Its business is supported by a diversified customer base, product customisation capabilities and a presence across multiple end-use industries.
Knack Packaging IPO issue size is 439.50 and the expected allotment date is 06 Jul 2026.