- Mainboard issue opens July 1 with price band of ₹161-170 per share and minimum application of 88 shares
- Market leader in high-value industrial packaging exports to 71 countries with a 10.1% domestic market share in PLWPP bags
- Revenue crosses ₹823.43 crore; PAT nearly doubles to ₹92.72 crore in FY26 while EBITDA margin expands to 20.42%
- Funds to power capacity expansion at Gujarat facility as company scales next phase of manufacturing growth
- Chairman Alpesh Tulsibhai Patel says the IPO marks the beginning of a new growth chapter built on innovation, sustainability and customer trust
R MANICKAVASAGAM
AHMEDABAD, JUNE 26
Knack Packaging Limited, one of India’s leading innovation-driven and export-oriented packaging solutions companies, will open its ₹439.5-crore Initial Public Offering (IPO) for public subscription on Wednesday, July 1, with the issue closing on Friday, July 3. The company has fixed the price band at ₹161-170 per equity share, while anchor investors can bid on June 30.
The IPO comprises a fresh issue of ₹380 crore and an Offer for Sale (OFS) of 35 lakh equity shares by existing shareholders. Investors can apply for a minimum lot of 88 shares, while eligible employees will receive a ₹16 per share discount under the employee reservation category.
Incorporated in 2013, Ahmedabad-headquartered Knack Packaging has emerged as a leading manufacturer of Printed and Laminated Woven Polypropylene (PLWPP) bags, pinch-bottom bags and other flexible bulk packaging solutions catering to sectors such as food, pet food, agriculture, fertilisers, chemicals and construction materials.
According to the Technopak Report cited in the offer documents, the company commands around 10.1% market share in India’s flexible bulk PLWPP bags segment. It is also recognised as one of the early manufacturers of BOPP/PLWPP bags and the first company in India and Asia to introduce laser-cut easy-open technology in PLWPP pinch-bottom bags.
Its integrated manufacturing model is backed by a capacity of 43,300 metric tonnes per annum across Gujarat facilities. With an in-house design and printing ecosystem, the company has developed more than 73,000 printing cylinders for over 1,950 customers and manages 13,379 SKUs, enabling strong customer retention and brand consistency.
The company’s footprint extends across India and 71 international markets, reflecting its export-led growth strategy.
Financially, Knack Packaging has posted robust growth. Revenue from operations increased from ₹654.56 crore in FY24 to ₹823.43 crore in FY26, while profit after tax surged from ₹45.98 crore to ₹92.72 crore during the same period. EBITDA margin improved from 15.38% to 20.42%, underscoring stronger operational efficiency and profitability.
Commenting on the public issue, Alpesh Tulsibhai Patel, Chairman and Managing Director of Knack Packaging Limited, said, “The IPO is a significant milestone in our journey and reflects the confidence we have built through innovation, customer-centricity and sustainable manufacturing. The proceeds will strengthen our manufacturing capabilities and position us for the next phase of long-term growth while creating greater value for all stakeholders.”
The company proposes to utilise the fresh issue proceeds primarily for establishing a new manufacturing facility at Borisana, Kadi, in Mehsana district, besides meeting general corporate requirements.
The equity shares are proposed to be listed on both BSE and NSE, with NSE serving as the designated stock exchange. Systematix Corporate Services Ltd, IDBI Capital Markets & Securities Ltd and Pantomath Capital Advisors Pvt Ltd are the Book Running Lead Managers to the issue.
