Summary
Knack Packaging IPO is a ₹439.50 crore mainboard book-built issue comprising a fresh issue and an offer-for-sale.
Retail investors can participate with a minimum investment of ₹14,960 for one lot of 88 shares.
The IPO, priced at ₹161.00/share-₹170.00/share, will open on 1 July 2026 and is scheduled to list on the NSE and BSE on 8 July 2026.
The Knack Packaging IPO is a book-built public issue with a total size of ₹439.50 crore. The offering consists of a fresh issue of 2,23,52,941 Equity Shares valued at ₹380.00 crore, along with an offer-for-sale (OFS) of 3,500,000 Equity Shares worth ₹59.50 crore.
The public subscription window for the Knack Packaging IPO will open on 1 July 2026 and close on 3 July 2026. The allotment is expected on 6 July 2026, while the shares are tentatively scheduled to be listed on both the NSE and BSE on 8 July 2026.
The company has fixed the IPO price band at ₹161/share to ₹170/share. The lot size stands at 88 equity shares, which requires an investment of ₹14,960 at the upper end of the price band for the retail participants.
For sNII, the minimum application size is 14 lots, equivalent to 1,232 equity shares, involving an investment of ₹2,09,440. Meanwhile, bNIIs are required to apply for at least 67 lots, or 5,896 equity shares, translating into a minimum investment of ₹10,02,320.
Knack Packaging IPO–Key Details
The key information of the Knack Packaging IPO is presented in the following table for your reference:
| IPO Open | 1 July 2026 |
| IPO Close | 3 July 2026 |
| Face value | ₹10.00/share |
| Price Band | ₹161.00/share – ₹170.00/share |
| Issue price | – |
| IPO Lot Size | 88 shares |
| Offer-for-sale | 3,500,000 Equity Shares (₹59.50 crore) |
| Fresh issue | 2,23,52,941 Equity Shares (₹380.00 crore) |
| Issue Type | Mainboard/Book-built |
| Listing | BSE and NSE |
| Total Issue Size (₹ Crore) | ₹439.50 crore (2,58,52,941 Equity Shares) |
| Minimum Investment (Retail) | ₹14,960 |
Knack Packaging IPO–Timeline
The following schedule provides a date-wise overview of the key events related to the Knack Packaging IPO:
| Bid Open Date | 1 July 2026 |
| Bid Close Date | 3 July 2026 |
| Allotment | 6 July 2026 |
| Refunds Initiated | 7 July 2026 |
| Share Credit Date | 7 July 2026 |
| Listing | 8 July 2026 |
| UPI mandate Cut-off time | 3 July 2026 (05:00 PM) |
Knack Packaging Limited–Key Performance Indicators (KPIs)
The table below presents the key financial metrics and performance ratios of Knack Packaging Limited, providing an overview of the company’s financial position and operating efficiency:
| KPIs | 2026 | 2025 | 2024 |
| ROE (%) | 35.75 | 41.70 | 38.38 |
| ROCE (%) | 46.71 | 50.36 | 45.42 |
| Debt-Equity Ratio (in times) | 0.62 | 0.80 | 1.23 |
| RoNW (%) | 35.47 | 41.54 | 38.97 |
| PAT Margin (%) | 10.99 | 9.88 | 6.98 |
| EBITDA Margin (%) | 20.42 | 19.31 | 15.38 |
| Price-Book Value | 5.52 | – | – |
Knack Packaging Limited–Financial Information
| 2026 | 2025 | 2024 | |
| Revenue | 823.43 | 736.49 | 654.56 |
| Assets | 595.25 | 449.36 | 379.38 |
| Profit After Tax | 92.72 | 73.81 | 45.98 |
Knack Packaging IPO–Subscription Status
The IPO subscription status is currently unavailable.
The data will be updated after bidding commences, while applications can be submitted between 10:00 AM and 5:00 PM during the subscription window.
Knack Packaging IPO–Grey Premium Market (GMP)
The Knack Packaging IPO recorded a GMP of ₹12 per share as of 12:55 PM IST on 25 June 2026.
Considering the issue’s upper price band of ₹170, the estimated listing price works out to ₹182/share, representing a potential return of 7.06%.
| GMP Date | GMP | Est. Listing Price | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 29-06-2026 | ₹14.5 ─ | ₹184.5 (8.53%) | ₹1,276 | 29-Jun-2026 12:54 |
| 28-06-2026 | ₹14.5 ▲ | ₹184.5 (8.53%) | ₹1,276 | 28-Jun-2026 23:30 |
| 27-06-2026 | ₹13.5 ▲ | ₹183.5 (7.94%) | ₹1,188 | 27-Jun-2026 23:35 |
| 26-06-2026 | ₹11.5 ▼ | ₹181.5 (6.76%) | ₹1,012 | 26-Jun-2026 23:32 |
| 25-06-2026 | ₹12 ─ | ₹182 (7.06%) | ₹1,056 | 25-Jun-2026 23:37 |
| 24-06-2026 | ₹12 ─ | ₹182 (7.06%) | ₹1,056 | 24-Jun-2026 23:33 |
Note: While the GMP offers insight into pre-listing market expectations, it fluctuates in response to market movements and investor sentiment.
Knack Packaging IPO–Reservation
Presented below is a breakdown of the Knack Packaging IPO share reservation across different investor segments:
| Investor Classification | % Allocation |
| QIBs | Maximum 50% of the net offer |
| NIIs | Minimum 15% of the net offer |
| Individual Investor | Minimum 35% of the net offer |
Knack Packaging IPO–Lot Size
The following table outlines the eligibility requirements for investors based on category, along with the corresponding lot sizes and investment values:
| Application | Lot Size | Shares | Amount |
| Retail Minimum Application | 1 | 88 | ₹14,960 |
| Retail Maximum Application | 13 | 1,144 | ₹1,94,480 |
| S-HNI Minimum Application | 14 | 1,232 | ₹2,09,440 |
| S-HNI Maximum Application | 66 | 5,808 | ₹9,87,360 |
| S-HNI Minimum Application | 67 | 5,896 | ₹10,02,320 |
Knack Packaging IPO–Anchor Investors Details
The table below details the anchor investor component of the Knack Packaging IPO:
| Bidding opens on | 30 June 2026 |
Knack Packaging IPO–Prospectus
For a more detailed understanding of the IPO, review the official offer documents filed with the SEBI and the exchange boards:
About Knack Packaging Limited
Incorporation: 4 March 2013
Chairman and Managing Director: Alpesh Tulsibhai Patel
Knack Packaging Limited is a prominent integrated packaging solutions company with a strong focus on innovation, exports, and sustainable manufacturing practices.
The company offers a wide range of packaging products and serves customers through a B2B2C business model. Its client base includes well-known Indian companies such as Baba Agro Food Limited, Drools Pet Food Private Limited, and DCM Shriram Limited, along with international customers operating across 71 countries, including Cristo S.A. and Detergent PLC.
The company has secured various global certifications and recognitions that highlight its commitment to quality standards and sustainable practices. These include ISO certifications, BRCGS Packaging Materials Certification, the EcoVadis Bronze Medal, and Two Star Export House recognition.
| Name | |
| Book Running Lead Manager (BRLM) | Systematix Corporate Services Ltd |
| IDBI Capital Markets & Securities Ltd | |
| Pantomath Capital Advisors Pvt Ltd | |
| IPO Registrar | MUFG Intime India Pvt Ltd |
Objectives of Knack Packaging Limited
The table below presents the intended use of the net funds to be raised through the public issue:
| Particulars | Amount (in ₹ lakhs) |
| Part funding towards new manufacturing unit at Borisana situated at Kadi, Mehsana, Gujarat. | |
| Corporate requirements | – |
Knack Packaging Limited–Strengths
- Integrated Digital Operations: The company uses proprietary digital systems to streamline procurement, production, logistics, and supply chain activities, supporting operational efficiency and cost optimisation.
- Advanced Product Design Capabilities: The company can manufacture highly customised packaging products featuring complex designs, specialised structures, and value-added functional features.
- Customer-Focused Packaging Solutions: Its in-house design team develops customised packaging solutions that align with customer branding, product requirements, and printing specifications.
- Diversified Domestic and Global Presence: The company serves customers across multiple industries in India and international markets, supported by its subsidiary operations in South Africa.
Knack Packaging Limited–Risks
- Supplier Concentration Risk: The company relies significantly on key raw material suppliers without long-term agreements, creating potential procurement and supply chain challenges.
- Customer Dependence Risk: A substantial share of revenue comes from a limited customer base, making customer retention important for business stability.
- Geographic Concentration Risk: The manufacturing operations of the company are concentrated in Gujarat, exposing it to regional disruptions that could affect production and operations.
- US Market Dependence Risk: The company derives a notable portion of revenue from the United States, making performance sensitive to economic and trade-related developments.
Knack Packaging IPO–Review
Knack Packaging Limited operates a diversified packaging business with a strong focus on customised solutions, digital integration, exports, and sustainable manufacturing.
Its financial performance reflects consistent growth in revenue, profitability, and operating margins, while return ratios indicate efficient utilisation of capital.
The IPO has also attracted positive grey market interest ahead of listing. However, the business has exposure to customer concentration, supplier dependence, geographic concentration of manufacturing facilities, and reliance on the US market for a portion of its revenue, which requires careful evaluation.
Overall, the IPO reflects a mix of growth opportunities and business-specific risks that are typical of export-oriented manufacturing companies.
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Knack Packaging IPO FAQs
The Knack Packaging IPO is a mainboard book-built public issue worth ₹439.50 crore. The offering comprises a fresh issue and an offer-for-sale worth ₹380.00 crore and ₹59.50 crore. The proceeds from the fresh issue are proposed to be utilised towards funding a new manufacturing facility and for general corporate purposes.
Investors can apply for the Knack Packaging IPO through the ASBA facility offered by banks or via their stockbroker’s online platform. Retail investors may also submit applications using a UPI-supported process during the subscription period.
Knack Packaging Limited has reported steady revenue growth, improving profitability, strong return ratios, and positive grey market sentiment. However, investors should also consider factors such as customer concentration, supplier dependence, and geographic concentration before evaluating the issue.
Based on the latest GMP, the IPO is indicating a premium over the upper price band in the grey market. However, actual listing performance may differ, as market conditions and investor sentiment can change before listing.
The Knack Packaging IPO will open for subscription on 1 July 2026 and close on 3 July 2026. Investors can submit their bids during this period through eligible application channels.
The minimum application size for retail investors is one lot consisting of 88 equity shares. At the upper end of the price band, the minimum investment required for a retail application is ₹14,960.
The basis of allotment for the Knack Packaging IPO is expected to be finalised on 6 July 2026. Successful applicants are likely to receive shares in their demat accounts before the proposed listing date.
The equity shares of Knack Packaging Limited are tentatively scheduled to be listed on the NSE and BSE on 8 July 2026, subject to the completion of regulatory and procedural formalities.
