{"id":6779,"date":"2026-06-30T10:00:35","date_gmt":"2026-06-30T10:00:35","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6779"},"modified":"2026-06-30T10:01:03","modified_gmt":"2026-06-30T10:01:03","slug":"knack-packaging-ipo-review","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/knack-packaging-ipo-review\/","title":{"rendered":"Knack Packaging IPO Review: Key Details, Company Overview, Industry Context & Financials"},"content":{"rendered":"

Knack Packaging Limited is launching its Initial Public Offering (IPO) through the book-building route, with a total issue size of \u20b9439.50 crore. The offering consists of a fresh issue of 2.24 crore equity shares worth \u20b9380 crore and an Offer for Sale (OFS) of 0.35 crore shares aggregating to \u20b959.50 crore.<\/span><\/p>\n

The IPO will open for subscription on July 1, 2026, and close on July 3, 2026. Following the bidding process, the share allotment is expected to be finalised on July 6, 2026, while the company\u2019s shares are likely to debut on the NSE and BSE on July 8, 2026.<\/span><\/p>\n

The company has fixed a price band of \u20b9161 to \u20b9170 per share. Investors can apply in lots of 88 shares, requiring a minimum investment of \u20b914,960 at the upper end of the price band. For non-institutional investors, the minimum application size is 14 lots (1,232 shares) for the sNII category and 67 lots (5,896 shares) for the bNII category.<\/span><\/p>\n

Systematix Corporate Services Ltd. is managing the issue as the book-running lead manager, while <\/span>MUFG Intime India Pvt. Ltd.<\/span><\/a> has been appointed as the registrar.<\/span><\/p>\n

(<\/span><\/i>Source:<\/i><\/b> RHP<\/span><\/i><\/a>)<\/span><\/i><\/span><\/p>\n

Company Overview<\/b><\/h2>\n

Knack Packaging Limited is a leading Indian packaging solutions company focused on manufacturing innovative and sustainable flexible packaging products. The company specialises in Printed and Laminated Woven Polypropylene (PLWPP) bags and pinch-bottom bags that cater to a wide range of industries, including food, agriculture, pet food, chemicals, fertilizers, and building materials.<\/span><\/p>\n

With over two decades of industry experience, Knack Packaging has established itself as a trusted partner for domestic and international brands across more than 70 countries. The company offers customised packaging solutions designed to improve product protection, enhance brand visibility, and support efficient logistics. Its advanced manufacturing facilities in Gujarat follow a vertically integrated production model, enabling complete control over the value chain from raw material processing to finished packaging products.<\/span><\/p>\n

Knack Packaging is also recognised for its innovation, being among the early adopters of advanced packaging features such as laser-cut and easy-open pinch-bottom bags. Supported by strong export capabilities, global quality certifications, and a commitment to sustainability, the company continues to strengthen its position in the flexible packaging industry.<\/span><\/p>\n

Industry Context<\/b><\/h2>\n
    \n
  • India’s manufacturing sector continues to expand steadily, supported by government initiatives such as Make in India and production-linked incentives. Rising industrial output across key sectors is creating sustained demand for high-quality packaging solutions, benefiting companies like Knack Packaging.<\/span><\/li>\n
  • The Indian retail market is growing rapidly, driven by rising incomes, increasing brand consciousness, and the shift towards organised retail. This expansion is boosting the need for reliable, visually appealing, and durable packaging products across multiple consumer-focused industries.<\/span><\/li>\n
  • India’s packaging industry is witnessing consistent growth as businesses prioritise product protection, branding, and convenience. Growing demand from food, agriculture, chemicals, pet food, and construction sectors is creating significant opportunities for specialised packaging manufacturers.<\/span><\/li>\n
  • Flexible plastic packaging has emerged as the dominant segment within the packaging industry due to its cost efficiency, durability, and versatility. Continued adoption across industries is expected to support long-term growth for manufacturers of advanced packaging solutions.<\/span><\/li>\n
  • The woven polypropylene (WPP) bags market is benefiting from increasing demand for recyclable and sustainable packaging. As industries seek durable and environmentally responsible alternatives, WPP bags are expected to remain a key growth segment within India’s packaging market.<\/span><\/li>\n<\/ul>\n

    Business Strengths<\/b><\/h2>\n
      \n
    • Digitally integrated operations and proprietary technology enable efficient supply chain management, real-time monitoring, and streamlined production processes.<\/span><\/li>\n
    • Strong expertise in developing customised and technically advanced packaging solutions with precise design, printing, and product consistency.<\/span><\/li>\n
    • Customer-focused approach offering end-to-end packaging support, from design development and branding to production and technical assistance.<\/span><\/li>\n
    • Well-established presence across domestic and international markets, serving diverse industries and customers in more than 70 countries.<\/span><\/li>\n
    • Vertically integrated manufacturing capabilities and specialised machinery create significant entry barriers and support consistent product quality.<\/span><\/li>\n
    • Experienced promoters, management team, and board members provide strategic leadership backed by decades of industry knowledge and operational expertise.<\/span><\/li>\n<\/ul>\n

      Financial Performance<\/b><\/h2>\n

      Knack Packaging Limited \u2013 Financials (\u20b9 in Million) (Restated Consolidated)<\/b><\/h3>\n
      \n\n\n\n\n\n\n\n\n\n\n\n
      Particulars<\/th>\nFiscal 2026<\/th>\nFiscal 2025<\/th>\nFiscal 2024<\/th>\n<\/tr>\n<\/thead>\n
      Revenue from Operations<\/td>\n8,234.34<\/td>\n7,364.90<\/td>\n6,545.59<\/td>\n<\/tr>\n
      Total Income<\/td>\n8,437.69<\/td>\n7,473.75<\/td>\n6,590.08<\/td>\n<\/tr>\n
      EBITDA<\/td>\n1,722.94<\/td>\n1,443.37<\/td>\n1,013.74<\/td>\n<\/tr>\n
      Profit After Tax (PAT)<\/td>\n927.24<\/td>\n738.10<\/td>\n459.77<\/td>\n<\/tr>\n
      Debt Equity Ratio<\/td>\n0.62<\/td>\n0.80<\/td>\n1.23<\/td>\n<\/tr>\n
      Return on Capital Employed<\/td>\n46.71<\/td>\n50.36<\/td>\n45.42<\/td>\n<\/tr>\n
      Return on Equity<\/td>\n35.75<\/td>\n41.70<\/td>\n38.38<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
      \u2190 Swipe horizontally to view full breakdown \u2192<\/div>\n