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Knack Packaging IPO

Knack Packaging came to market through an IPO that opened on 1 July 2026 and closed on 3 July 2026, and the shares listed on 8 July 2026 on BSE, NSE. The price band was ₹161 to ₹170 per share and one lot was 88 shares, so the minimum application was ₹14,960. The issue size was ₹439.5 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.

It listed at ₹188, a gain of 10.6% against the issue price of ₹170. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Systematix Corporate Services Ltd., IDBI Capital Markets & Securities Ltd., Pantomath Capital Advisors Pvt.Ltd were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹161 to ₹170
Lot size
88 shares
Minimum investment
₹14,960
Face value
₹10 per share
Issue size
₹439.5 crore
Fresh issue
2,23,52,941 shares (aggregating up to ₹380 crore)
Offer for sale
35,00,000 shares (aggregating up to ₹59.5 crore)
Listing at
BSE, NSE
Registrar
MUFG Intime India Pvt.Ltd
Lead managers
Systematix Corporate Services Ltd., IDBI Capital Markets & Securities Ltd., Pantomath Capital Advisors Pvt.Ltd
Promoter holding before the issue
89.60%
Promoter holding after the issue
70.59%

Timeline

Opens
1 July 2026
Closes
3 July 2026
Allotment
6 July 2026
Listing
8 July 2026

Subscription status by day

As of 3 July 2026.

Day
1
2
3

Overall the issue was subscribed 87.15 times.

Listing day and after

Issue price
₹170
Listing price
₹188
Listing gain
10.6%
Listed on
8 July 2026

About Knack Packaging

Knack Packaging Limited, which was incorporated in 2013, is a firm providing integrated packaging solutions with innovation, exporting and sustainable practices. It produces bags made of Printed and Laminated Woven Polypropylene (PLWPP). Such products include pinch bottom, gusset, block bottom, and retail shopping bags. They provide highly durable solutions and are utilized by various sectors, including food, pet food, agricultural and fertilizer manufacturers, construction industry, detergents, cement, chemicals, mining and minerals industries, among others.

The company's products increase the visibility of a brand, reduce the chance of fraud and increase efficiency of business processes. In FY 2025, Knack Packaging had about 10.1% market share within the Indian flexible bulk PLWPP bag market.

It works for well-known Indian companies including Baba Agro Food Limited, Drools Pet Food Private Limited, Ebro India Private Limited, KRBL Limited, DCM Shriram Limited, and also for foreign firms from 68 countries, such as Cargill, Cristo S.A., and Repi Soap and Detergent PLC. The contribution of exporting activities is huge since the USA, Mexico, and South Africa make up 58.44% of exports.

As described in the offer document.

Objects of the issue

  • Capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat. - ₹320.0 Cr
  • General corporate purposes

Strengths

  • Integrated and digitized manufacturing process: The organization emphasizes efficient operation through integration of manufacturing processes, providing scope for quality assurance and proper implementation.
  • Ability to produce highly complicated packaging designs: The organization is technologically advanced and is able to manufacture customized packages due to its strong technological capacity.
  • Customer oriented packaging: The organization is able to provide customized packaging by interacting with customers.

Risks

  • Concentration risks related to suppliers: The organization relies on its major suppliers for sourcing raw materials, but lacks long term contracts with them, creating a threat of disruption in supply chain.
  • Concentration risks relating to customers: A considerable percentage of the revenues of the organization comes from existing and major customers, loss of whom will affect performance.
  • Concentration risks pertaining to manufacturing plants: All the manufacturing plants are located at one place that is Gujarat.

Financials (₹ crore)

Metric31-Mar-2631-Mar-2531-Mar-2431-Mar-23

Listed peers

Knack Packaging
RoNW 35.47%%
Time Technoplast
RoNW 13.37%%
Tcpl Packaging
RoNW 14.34%%
Mold-tek Packaging
RoNW 10.98%%

Knack Packaging Limited raised ₹131.25 crore from 14 anchor investors at ₹170 per share on June 30, 2026. Axis New Opportunities AIF – Series II led the allocation at 30.48%, followed by Ashoka India Equity Investment Trust at 11.43%. Domestic mutual funds received 33.53% of the anchor portion across 7 schemes.

Promoters

Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, Rashminbhai Tulsibhai Patel. Promoter holding 89.60% before the issue and 70.59% after.

Application sizes

Retail (min)
1 lot, 88 shares, ₹14,960
Retail(max)
13 lots, 1144 shares, ₹1,94,480
sHNI(min)
14 lots, 1232 shares, ₹2,09,440
sHNI(max)
66 lots, 5808 shares, ₹9,87,360
bHNI(min)
67 lots, 5896 shares, ₹10,02,320

Valuation

EPS Pre IPO
₹9.27
P/E Pre IPO
18.33
ROE
35.75%
ROCE
46.71%
RoNW
35.47%
PAT Margin
10.99%
Debt/Equity
0.62
Price/Book
5.52
Market Cap
₹2,080.21 Cr

Registrar and allotment status

Registrar
MUFG Intime India Pvt.Ltd
Allotment status
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Phone
+91-22-4918 6270
Email
knackpackaging.ipo@in.mpms.mufg.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Knack Packaging IPO

What is Knack Packaging IPO?

Knack Packaging IPO was a ₹439.5 crore book-built issue, comprising a fresh issue of ₹380 crore and an offer for sale of ₹59.5 crore. It was priced at ₹161–₹170 per share with a lot size of 88 shares (₹14,960). The IPO was open from July 1 to July 3, 2026 and was subscribed 87.15x. Shares listed on BSE and NSE on July 8, 2026 at ₹188, a 10.6% premium to the issue price of ₹170. MUFG Intime India Pvt. Ltd.

is the registrar. Systematix Corporate Services Ltd. and 2 other book running lead managers manage the issue.

What is the price band of Knack Packaging IPO?

The price band of Knack Packaging IPO is ₹161 to ₹170 per share.

What is the lot size of Knack Packaging IPO?

The lot size of Knack Packaging IPO is 88 shares.

What is the minimum investment for Knack Packaging IPO?

The minimum investment for Knack Packaging IPO is approximately ₹14,960 based on the upper price band.

What is the allotment date of Knack Packaging IPO?

The allotment date of Knack Packaging IPO is Jul 6, 2026.

What was the GMP of Knack Packaging IPO before listing?

No GMP quote could be verified as recorded before Knack Packaging IPO listed. A grey-market observation of ₹8 per share was recorded on 8 Jul 2026, 8:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹188. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Knack Packaging IPO share price performed since listing?

Knack Packaging IPO listed on Jul 8, 2026. It was issued at ₹188.0(NSE) and is currently around ₹182.57 as on 2-Nov-2026 3:30 PM, which is approximately 7.4% versus issue price. The 52-week high is ₹222.00.

How to check Knack Packaging IPO allotment status?

You can check Knack Packaging IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Knack Packaging IPO allotment status on Rupix for quick and easy access.

What was the price band of the Knack Packaging IPO?

₹161 to ₹170 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Knack Packaging IPO?

One lot was 88 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,960.

What was the minimum investment in the Knack Packaging IPO?

₹14,960, for one lot of 88 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Knack Packaging IPO open and close?

It opened on 1 July 2026 and closed on 3 July 2026.

When was the allotment of the Knack Packaging IPO?

The basis of allotment was published on 6 July 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.

When did Knack Packaging list on BSE, NSE?

The shares listed on 8 July 2026 on BSE, NSE, opening at ₹188.

How large was the Knack Packaging IPO?

The issue size was ₹439.5 crore. The fresh issue was 2,23,52,941 shares (aggregating up to ₹380 crore). The offer for sale was 35,00,000 shares (aggregating up to ₹59.5 crore).

How did the Knack Packaging IPO perform on listing?

It listed at ₹188 against an issue price of ₹170, a gain of 10.6 percent on listing day.