Published: 24 June 2026 | 6.00 AM
Last Updated: 24 June 2026 | 12.00 PM
Knack Packaging IPO Review, GMP, Price, Allotment & Analysis
IPO Snapshot
| Particulars | Details |
|---|---|
| Chanakya View | Neutral to Positive |
| GMP Today | Rs. XX |
| Subject to Sauda | Rs. XX |
| Issue Size | Rs. 439.50 Crore |
| Price Band | Rs. 161 to Rs. 170 |
| Lot Size | 88 Shares |
| Retail Investment | Rs. 14,960 |
| Listing Exchange | BSE, NSE |
| Market Cap | To Be Declared |
| Employee Discount | Rs. 16 Per Share |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Live Subscription Tracker (Only After IPO Opens)
| Category | Subscription |
| QIB | XXx |
| NII | XXx |
| Retail | XXx |
| Total | XXx |
Subscription Signal
| Subscription Level | Interpretation |
| Below 1x | Weak |
| 1x–5x | Average |
| 5x–20x | Good |
| 20x–50x | Strong |
| Above 50x | Very Strong |
What Does the Company Do?
Knack Packaging Ltd. is an integrated packaging solutions provider engaged in the manufacturing of Printed and Laminated Woven Polypropylene (PLWPP) bags used across food, agriculture, fertilizers, pet food, chemicals, cement, minerals and industrial sectors.
The company serves more than 1,950 customers globally and exports its products to 68 countries. It operates an integrated manufacturing and printing facility and has developed more than 73,000 printing cylinders and over 13,000 SKUs.
IPO Schedule
| Event | Date |
| IPO Opens | 1 July 2026 |
| IPO Closes | 3 July 2026 |
| Allotment | 6 July 2026 |
| Refunds | 7 July 2026 |
| Credit of Shares | 7 July 2026 |
| Listing | 8 July 2026 |
Quick Positives
✅ One of the leading players in PLWPP packaging solutions
✅ Exports to 68 countries with diversified customer base
✅ Strong profitability growth with PAT rising 26% in FY2026
✅ ROE of 35.75% and ROCE of 46.71%
✅ End-to-end manufacturing and in-house printing capabilities
Key Risks
âš Export business remains exposed to global demand fluctuations
âš Raw material prices can impact margins
âš Manufacturing business requires continuous capital expenditure
âš Dependence on industrial and agricultural packaging demand
Who Should Apply?
| Investor Type | Suitability |
| Listing Gain Investors | ★★★★☆ |
| Long-Term Investors | ★★★★☆ |
| Conservative Investors | ★★★☆☆ |
| High-Risk Investors | ★★★★☆ |
Bottom Line
Knack Packaging operates in a niche industrial packaging segment with a strong export presence and healthy profitability profile. The company has delivered consistent revenue growth while maintaining industry-leading return ratios.
The proposed expansion facility in Gujarat is expected to support future growth and capacity enhancement. Valuation appears reasonable compared with the company’s growth profile and return ratios.
Chanakya View
Neutral to Positive
Investors looking for exposure to the manufacturing and industrial packaging sector may consider the issue. Strong financial performance, export presence and expansion plans support the investment case, although investors should monitor export market risks and raw material volatility.
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 1 July 2026 to 3 July 2026 |
| Listing Date | 8 July 2026 |
| Face Value | Rs. 10 Per Share |
| Price Band | Rs. 161 to Rs. 170 Per Share |
| Lot Size | 88 Shares |
| Issue Type | Book Building Mainboard IPO |
| Listing At | NSE, BSE |
| Total Issue Size | 2,58,52,941 Shares |
| Issue Size | Rs. 439.50 Crore |
| Fresh Issue | 2,23,52,941 Shares |
| Offer For Sale | 35,00,000 Shares |
| Shareholding Pre Issue | 10,00,00,000 Shares |
| Promoter Holding Pre Issue | 89.60% |
| Promoter Holding Post Issue | 70.59% |
Reservation
| Investor Category | Shares Offered |
| QIB | Not More Than 50% |
| Retail | Not Less Than 35% |
| NII | Not Less Than 15% |
| Employee Category | Separate Reservation Available |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 1 | 88 | Rs. 14,960 |
| Retail Maximum | 13 | 1,144 | Rs. 1,94,480 |
| S-HNI Minimum | 14 | 1,232 | Rs. 2,09,440 |
| S-HNI Maximum | 66 | 5,808 | Rs. 9,87,360 |
| B-HNI Minimum | 67 | 5,896 | Rs. 10,02,320 |
Company Details
Knack Packaging Ltd. was incorporated in 2013 and is engaged in the manufacturing of Printed and Laminated Woven Polypropylene packaging products.
Its product portfolio includes pinch bottom bags, gusset bags, block bottom bags, shopping bags and industrial packaging solutions used across food, agriculture, fertilizers, building materials, pet food, detergents and chemicals.
The company holds approximately 10.1% share of the Indian flexible bulk PLWPP bag market and serves reputed customers including KRBL, DCM Shriram, Baba Agro Food, Drools Pet Food and several global brands.
As of May 2026, the company had developed over 73,000 printing cylinders, handled 13,379 SKUs and maintained warehouse facilities spread across 92,065 square feet.
Competitive Strengths
Key Strengths
- Strong export-oriented business model
- Integrated manufacturing and printing facilities
- Large and diversified customer base
- Customised packaging solutions capability
- Operational efficiency through digitised processes
- Experienced management team
- Global presence across 68 countries
IPO Objects
| Sr. No. | Objects of the Issue | Estimated Amount |
| 1 | Partial funding of capital expenditure for new manufacturing facility at Borisana, Kadi, Gujarat | Rs. 320.00 Crore |
| 2 | General Corporate Purposes | Balance Amount |
| Total | Total Utilisation | Rs. 320.00 Crore |
Company Address
| Particulars | Details |
| Registered Office | 330/A, Kalasagar Shopping Hub, Opp. Saibaba Temple, Satadhar Cross Road, Ghatlodiya, Ahmedabad, Gujarat – 380061 |
| Phone | +91 9925171483 |
| compliance@knackpackaging.com |
Lead Manager & Registrar
| Particulars | Details |
| Lead Managers | Systematix Corporate Services Ltd., IDBI Capital Markets & Securities Ltd., Pantomath Capital Advisors Pvt. Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Registrar Phone | +91-22-4918 6270 |
| Registrar Email | knackpackaging.ipo@in.mpms.mufg.com |
Financials
| Particulars (Rs. Crore) | FY2026 | FY2025 | FY2024 | FY2023 |
| Total 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 |
| Total Borrowings | 192.47 | 172.06 | 173.09 | 122.66 |
Valuation
Key Performance Indicators (KPI)
| KPI | FY2026 |
| 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 |
EPS & Valuation
| Particulars | Pre IPO |
| EPS (Rs.) | 9.27 |
| P/E (x) | 18.33 |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 89.60% | 70.59% |
Detailed Chanakya View
Knack Packaging is one of the larger players in the specialised PLWPP packaging segment with a meaningful export footprint and established relationships with domestic and international customers.
The company has demonstrated strong growth in revenue and profitability over the last few years. Its ROE of 35.75%, ROCE of 46.71% and PAT growth of 26% indicate efficient capital utilisation and healthy operational performance.
The proposed manufacturing facility at Borisana, Gujarat, should help the company expand capacity and strengthen its position in export markets. While the business remains exposed to global economic conditions and raw material price fluctuations, the company’s diversified customer base and integrated operations provide some cushion.
Chanakya View: Neutral to Positive
Knack Packaging combines strong financial metrics, export-led growth and a scalable manufacturing model. Investors with a medium to long-term horizon may consider the issue, while listing gain investors should track GMP trends closer to the opening date.
FAQs
What is the Knack Packaging IPO GMP today?
Refer IPO Snapshot above for the latest GMP and Subject to Sauda updates.
What is the Knack Packaging IPO price band?
Knack Packaging IPO price band is Rs. 161 to Rs. 170 per share.
What is the Knack Packaging IPO lot size?
Knack Packaging IPO lot size is 88 shares.
When will Knack Packaging IPO allotment be finalised?
Knack Packaging IPO allotment is expected on 6 July 2026.
When will Knack Packaging IPO list?
Knack Packaging IPO is expected to list on NSE and BSE on 8 July 2026.