Knack Packaging Announces ₹380-Crore Fresh Issue, Total IPO Size Up to ₹439.5 Crore
Price band set at ₹ 161 – ₹ 170 per Equity Share
Knack Packaging Bets on Innovation and Global Expansion Through Public Issue
Strong Earnings, Global Reach Power Knack Packaging’s IPO Debut
Knack Packaging IPO Opens July 1; Price Band Fixed at ₹161-170 Per Share
Bilkul Bazaar
Ahmedabad
Knack Packaging Limited, one of India’s leading integrated and export-focused sustainable packaging solutions providers, has announced that its Initial Public Offering (IPO) will open for subscription on July 1, 2026, and close on July 3, 2026. The company has fixed the price band at ₹161 to ₹170 per equity share of face value ₹10 each.
The anchor investor bidding will take place on June 30, 2026. Investors can bid for a minimum of 88 equity shares and in multiples thereof.
Knack Packaging Ltd is raising a total of ₹439.5 crore through its initial public offering (IPO). This amount is composed of a ₹380 crore fresh issue and an Offer for Sale (OFS) of 35 lakh shares worth ₹59.5 crore. The IPO is priced within a band of ₹161 to ₹170 per share, with a minimum lot size of 88 shares (approximately ₹14,960 at the upper band).
The issue is scheduled to open on July 1, 2026, and close on July 3, 2026, with listing expected on July 8, 2026, on the BSE and NSE.
Speaking at the IPO announcement in Ahmedabad, Chairman and Managing Director Alpesh Tulsibhai Patel said the public issue marks a significant milestone in the company’s growth journey.
“Over the last decade, Knack Packaging has evolved into a leading innovation-driven packaging solutions company with a strong domestic and international footprint. The IPO will strengthen our balance sheet and support our next phase of capacity expansion, technology enhancement, and global growth.”
Patel added that the company’s focus on product innovation, sustainability, and customer-centric solutions has enabled it to build long-term relationships with leading brands across sectors.
Chief Financial Officer Dr. Ajay Kumar Dubey highlighted the company’s strong financial performance and operational efficiencies.
“Our consistent revenue growth, expanding margins, and strong profitability reflect the robustness of our business model. Revenue from operations increased from ₹654.56 crore in FY24 to ₹823.43 crore in FY26, while profit after tax nearly doubled to ₹92.72 crore during the same period. We believe these fundamentals position us well for sustained growth.”
Strong Position in Flexible Packaging
Incorporated in 2013, Knack Packaging manufactures woven polypropylene (WPP) bags, printed and laminated woven polypropylene (PLWPP) bags, PLWPP pinch-bottom bags and other flexible bulk packaging solutions from its manufacturing facilities in Gujarat.
According to a Technopak Report, the company held an estimated 10.1% market share in India’s flexible bulk PLWPP bags segment, including pinch-bottom bags, in FY25.
The company is also among the early movers in manufacturing BOPP/PLWPP bags and claims to be the first company in India and Asia to introduce laser-cut easy-open features in PLWPP pinch-bottom bags.
Knack Packaging serves customers across food products, pet food, chemicals, fertilizers, and other industries under a B2B2C model.
A key differentiator is its in-house printing and design capability. As of May 31, 2026, the company had developed more than 73,000 cylinders, serving over 1,950 customers and supporting 13,379 SKUs. It also maintains a dedicated 92,065 sq. ft. cylinder warehouse, helping customers ensure consistency in branding and packaging quality.
Global Presence
The company exports to 71 countries while maintaining a strong pan-India presence, enabling it to serve a diversified customer base and capture opportunities in both domestic and overseas markets.
Its installed manufacturing capacity stood at 43,300 metric tonnes per annum as of March 2026.
Financial Performance
Knack Packaging has delivered robust growth over the last three fiscal years:
| Particulars | FY24 | FY26 |
| Revenue from Operations | ₹654.56 crore | ₹823.43 crore |
| EBITDA Margin | 15.38% | 20.42% |
| Profit After Tax | ₹45.98 crore | ₹92.72 crore |
| Quantity Sold | 30,590 MT | 38,157 MT |
The company reported a revenue CAGR of 12.16% and PAT CAGR of 42.01% between FY24 and FY26.
IPO Snapshot
| Particulars | Details |
| IPO Opens | July 1, 2026 |
| IPO Closes | July 3, 2026 |
| Anchor Book Opens | June 30, 2026 |
| Price Band | ₹161 – ₹170 per share |
| Face Value | ₹10 per share |
| Lot Size | 88 shares |
| Fresh Issue | Up to ₹380 crore |
| OFS | Up to 35 lakh shares |
| Listing | NSE & BSE |
| Designated Stock Exchange | NSE |
| Employee Discount | ₹16 per share |
| BRLMs | Systematix Corporate Services, IDBI Capital Markets & Securities, Pantomath Capital Advisors |
The issue is being made through the book-building process in compliance with SEBI regulations. The allocation structure provides up to 50% of the net offer for Qualified Institutional Buyers (QIBs), not less than 15% for Non-Institutional Investors (NIIs), and not less than 35% for Retail Individual Investors (RIIs).
The proceeds from the fresh issue are expected to support the company’s growth initiatives and strengthen its position in the rapidly expanding packaging solutions market.
Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited and Pantomath Capital Advisors Private Limited are acting as the Book Running Lead Managers to the issue.
Disclaimer: This article is for information only and is not investment advice. Please read the IPO documents carefully before investing.
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