Knack Packaging’s IPO Price Band Rs161-Rs170
FinTech BizNews Service
Mumbai, 24 June 2026: Knack Packaging Limited proposes to open an initial public offering of its equity shares of face value of Rs10 each on Wednesday, July 01, 2026. The Bid/ Offer Closing Date is Friday, July 03, 2026.
The Anchor Investor Bidding Date is one Working Day before the Bid/Offer Opening Date, being Tuesday, June 30, 2026.
The Price Band of the Offer has been fixed from Rs 161 per Equity Share to Rs 170 per Equity Share of face value Rs 10/- each. A discount of Rs16 per Equity Shares of face value Rs10 each is being offered to Eligible Employees bidding in Employee Reservation Portion (“Employee Discount”)
Bids can be made for a minimum of 88 Equity Shares of face value Rs10 each and in multiples of 88 Equity Shares thereafter.
The Offer comprises a fresh issue of equity shares aggregating up to Rs3,800.00 million and
an Offer for Sale of up to 3,500,000 Equity Shares by the Selling Shareholders, comprising
up to 675,750 Equity Shares by Mr. Alpesh Tulsibhai Patel, up to 300,000 Equity Shares by
Mr. Pravinkumar Ambalal Patel, and up to 675,750 Equity Shares by Mr. Rashminbhai
Tulsibhai Patel (collectively, the “Promoter Selling Shareholders”), along with up to 1,561,000
Equity Shares collectively by the Promoter Group Selling Shareholders and Up to 287,500
Equity Shares by Other Selling Shareholder.
Knack Packaging Limited is one of the leading, integrated, innovation-oriented, export led
and sustainable oriented packaging solutions provider, offering a diverse range of packaging
solutions, including Printed and Laminated Woven Polypropylene (“PLWPP”) bags and
PLWPP Pinch Bottom bags that are customized, high-strength packaging solutions for a
wide range of sectors, including food products and pet foods. (Source: Technopak Report)
Incorporated in 2013, company is a manufacturer of bulk flexible packaging solutions, with
effective installed capacity of 43,300 MT per annum (as of March 2026) of woven
polypropylene (“WPP”) bags, PLWPP bags, PLWPP pinch bottom bags and others at its
plants in Gujarat.. The company have been serving top brands under a B2B2C model. The
Company hold approximately 10.1% of market share in the Indian market for flexible bulk
PLWPP bags, including PLWPP pinch bottom bags in Fiscal 2025. (Source: Technopak
Report). They are also one of the early movers in the manufacturing of Biaxially Oriented
Poly Propylene (“BOPP”) / PLWPP bags, and the first company in India (and Asia) to provide
laser cut and easy-open feature integrated into their PLWPP pinch bottom bags (Source:
Technopak Report).Through in-house printing facility, company offer end-to-end design
services to its clients, including artwork selection or creation and cylinder development. As of
May 31, 2026, company possess 73,000+ cylinders developed for over 1,950+ customers
and 13,379 SKUs, through which they serve as custodians of customers branding material,
thereby fostering long-term customer retention. Company maintain a 92,065.47 sq. ft
warehouse dedicated to cylinder storage. This service helps to maintain consistent print
quality across products, which is essential for maintaining brand consistency for its
customers.
The pan-India presence and export to 71 countries enables company to efficiently serve a
diverse customer base, respond swiftly to market demands, and expand reach in both
domestic and export segments.
Revenue from Operations grew from Rs 6,545.59 million in Fiscal 2024 to Rs 8,234.34 million in
Fiscal 2026 at a CAGR of 12.16%, EBITDA margins expanded from 15.38% in Fiscal 2024
to 20.42% in Fiscal 2026.
Profit After Tax grew from Rs 459.77 million in Fiscal 2024 to Rs 927.24 million in Fiscal 2026 at
a CAGR of 42.01%. Total quantity sold grew at a CAGR of 11.69% from 30,590.10 MT to
38,157.49 MT over the same period.
The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of
the SEBI ICDR Regulations. This Offer is being made through the Book Building Process in
accordance with Regulation 6(1) of the SEBI ICDR Regulations.
QIB Portion: Not more than 50% of the net offer
Non-Institutional Portion: Not less than 15% of the net offer
Retail Portion: Not less than 35% of the net offer.
Employee Reservation Portion: Up to [•] equity shares of face value of Rs10 each aggregating
up to Rs 20.00 million. A discount of Rs16 per Equity Shares of face value Rs10 each is being
offered to Eligible Employees bidding in Employee Reservation Portion (“Employee
Discount”).
The Equity Shares of the Company are proposed to be listed on BSE Limited (BSE) and the
National Stock Exchange of India Limited (NSE) (BSE and NSE together, the Stock
Exchanges). For the purposes of the Offer, the Designated Stock Exchange shall be NSE.
Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited and
Pantomath Capital Advisors Private Limited are the Book Running Lead Managers
(BRLMs) to the Offer.
