Knack Packaging IPO

About Knack Packaging Limited IPO

The Knack Packaging Limited IPO, a Mainboard IPO, opens on Wednesday, July 1, 2026 and closes on Friday, July 3, 2026. The allotment of shares will take place on Monday, July 6, 2026. The credit of shares to the demat account will take place on Tuesday, July 7, 2026. The initiation of refunds will take place on Tuesday, July 7, 2026. The listing of shares will take place on Wednesday, July 8, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 2,23,52,941 shares aggregating up to ₹380 crores. The offer for sale portion includes 35,00,000 shares of ₹10 face value aggregating up to ₹60 crores. The total number of shares and aggregate amount are 2,58,52,941 shares aggregating up to ₹439.00 crores.

Knack Packaging Limited IPO's price band is set at ₹161 to ₹170 per share. The lot size for an application is 88 shares. The minimum amount of investment required by a retail investor is ₹14,960 (88 shares) (based on upper price). The lot size investment required by sNII is 14 lots (1,232 shares), amounting to ₹2,09,440.

Knack Packaging Limited is one of the leading, integrated, innovation oriented, export led and sustainable oriented packaging solutions providers, offering a diverse range of customised, high-strength packaging solutions, including Printed and Laminated Woven Polypropylene (PLWPP) bags for sectors including food products and pet foods.

Objectives of Knack Packaging Limited IPO

• Partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat.
  
• General corporate purposes.
  

Industry Outlook

The global packaging industry is on an upward trajectory driven by rising demand from e-commerce, food and beverage sectors, and increased consumer preference for sustainable solutions. India represents one of the fastest-growing packaging markets in Asia, with strong domestic consumption and export-led growth.

The Indian flexible packaging market, particularly the woven polypropylene segment, is expanding at a healthy CAGR. This growth is propelled by rapid urbanization, increasing organized retail penetration, rising household incomes, and growing demand from the food, agriculture, and chemicals sectors. The market is witnessing consolidation, technological advancement in product features, and a shift toward sustainable and customised solutions.

About Knack Packaging Limited

Knack Packaging Limited holds approximately 10.1% market share in the Indian market for flexible bulk PLWPP bags, including PLWPP pinch-bottom bags as of FY 2025. With a legacy spanning over two decades through its promoters, the Company leverages advanced manufacturing processes and deep industry expertise.

As of May 31, 2026, the Company has a dedicated workforce of 1,959 employees and maintains an effective installed capacity of 43,300 MTPA. The Company serves top Indian household brands such as Baba Agro Food Limited, Drools Pet Food Private Limited, Laxmi Protein Products, KRBL Limited, and international clients across 71 countries including Cristo S.A., Cargill, and Repi Soap and Detergent PLC. 

Strengths of Knack Packaging Limited

• Focus on operational efficiency through integrated and digitised processes.
  
• Capability to deliver complex product designs with accuracy.
  
• Customer-centric customised packaging solutions.
  
• Presence across Indian and global markets, catering to diverse industries.
  
• Experienced and skilled management team and Board of Directors.
  

Risks of Knack Packaging Limited

• Dependence on key suppliers without contractual agreements could disrupt raw material sourcing and adversely affect operations and financial performance.
  
• Reliance on a limited number of existing customers without contractual arrangements exposes the company to customer concentration risk.
  
• Manufacturing facilities are concentrated in Gujarat, making operations vulnerable to regional disruptions or facility shutdowns.
  
• A significant share of revenue comes from the U.S. market, exposing the company to geopolitical and economic risks in the region.
  
• Project cost revisions and implementation delays may impact expected returns and adversely affect the company's financial condition.
  

Note:

1. RoNW is calculated as net profit after taxation and minority interest attributable to the equity shareholders of the Company divided by shareholders' funds for that year.
   

2. Net Asset Value (NAV) is calculated by dividing the Net worth by the Total number of equity shares at the end of the year.
   

3. Price Earning (P/E) is calculated by dividing the Closing price per share with Earning per share.
   

Anchor Investor Bidding Date: Tuesday, June 30, 2026

Registrar

MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: knackpackaging.ipo@in.mpms.mufg.com

Book Running Lead Managers

• Systematix Corporate Services Limited
  
• IDBI Capital Markets & Securities Limited
  
• Pantomath Capital Advisors Private Limited
  

Knack Packaging Contact Details
330/A, Kalasagar Shopping Hub, Opp Saibaba Temple, Satadhar Cross Road, Ghatlodiya, Ahmedabad – 380061, Gujarat, India.
Phone: +91 9925171483
Email: compliance@knackpackaging.com

Knack Packaging Limited Business Model

The Company earns its revenue through B2B2C (business-to-business-to-consumer) sales of customized flexible packaging solutions, primarily Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch bottom bags. Revenue is generated through the sale of high-volume orders to branded companies across food, agriculture, chemicals, and consumer goods sectors, as well as export sales to multinational companies.

Knack Packaging Limited Growth Trajectory

Knack Packaging Limited's Total Income for FY26 was ₹843.77 crores, whereas in FY25 and FY24 it was ₹747.38 crores and ₹659.01 crores, respectively.

The Profit After Tax for FY26 was ₹92.72 crores, whereas in FY25 and FY24 it was ₹73.81 crores and ₹45.97 crores, respectively.

The Company's EBITDA for FY26 was ₹172.29 crores, whereas in FY25 and FY24 it was ₹144.34 crores and ₹101.37 crores, respectively.

Knack Packaging Limited Market Position

Knack Packaging Limited holds approximately 10.1% market share in the Indian flexible bulk PLWPP bags segment as of FY 2025, establishing itself as a significant player in this specialized market. The Company's geographic footprint spans domestic sales across major Indian consumption centers and export operations across 71 countries, positioning it as an export-led business.

The Company maintains strong quality certifications and has established long-standing relationships with multinational FMCG companies, contributing to revenue stability. Cylinder custody of over 73,000 printing tools for 1,950+ customers creates a protective moat and drives recurring, high-margin business.

As of March 31, 2026, the Company's Total Income, Profit After Tax, and EBITDA were ₹843.77 crores, ₹92.72 crores, and ₹172.29 crores, respectively.

How to apply for Knack Packaging Limited IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.