Knack packaging IPO
LISTEDMAINBOARDKNACKSUBSCRIBEListing Performance
Listed
Issue Price
₹170
Listed On
08 Jul 2026
- Price Band
- ₹161 – ₹170
- Lot Size
- 88
- Lot Value
- ₹14,960
- Open Date
- 01 Jul 2026
- Close Date
- 03 Jul 2026
- Min Investment
- ₹14,960
About Knack packaging
Knack Packaging Limited is a packaging company that manufactures and supplies specialised flexible packaging products for customers across India and international markets. The company primarily produces woven polypropylene (PP) packaging solutions, including printed and laminated woven PP bags, pinch bottom bags, BOPP laminated bags, woven fabrics, HDPE/PP tapes and other customised packaging products. These products cater to industries such as pulses, rice, lentils, fertilisers, pet food and other industrial applications. Knack Packaging operates multiple manufacturing facilities in Gujarat and has a subsidiary in South Africa that imports and sells its products. The company generates revenue through the manufacture and sale of its packaging products and continues to expand its product portfolio to meet evolving customer requirements. Its business is supported by a diversified customer base, product customisation capabilities and a presence across multiple end-use industries. Discuss on Trading Q&A
Manufacturing and selling sustainable packaging solutions across industries including grains, food, agriculture, chemicals, and building materials.
Use of IPO Proceeds
Total allocation: ₹320.00 Cr (excludes issue expenses)
Promoters
Alpesh Tulsibhai Patel
Promoter · age 49
Pre-issue: 21.03%
Pravinkumar Ambalal Patel
Promoter · age 61
Pre-issue: 11.2%
Rashminbhai Tulsibhai Patel
Promoter · age 46
Pre-issue: 22.7%
Investment Analysis
Quick Analysis: 4 strengths · 6 risk factors· Exchange: BSE, NSE
Strengths (4)
- •High customer continuity rate demonstrating strong retention and repeat business.
- •Established presence in global markets with significant export revenue.
- •Proprietary technology solution Knack Galaxy for operations integration.
- •Diverse product portfolio across multiple industries reducing business concentration risk.
Risk Factors (6)
- •First public issue with no formal market history for equity shares; offer price may not reflect actual post-listing market price or trading activity.
- •Equity investment carries high degree of risk; investors may lose entire investment if company performance deteriorates or market conditions worsen.
- •Industry data sourced from third-party reports with unverified methodologies; accuracy, completeness and reliability of market data cannot be assured.
- •Actual business results may materially differ from forward-looking statements due to various unforeseen factors and changing market conditions.
- •Company subject to Indian legal and regulatory environment which may differ materially from other jurisdictions, creating compliance and operational risks.
- •Unknown and currently immaterial risks may emerge that could adversely impact business operations, financial condition, cash flows and share price.
📊 Algorithmic Score
Computed from issue structure — GMP, fresh issue %, OFS %, issue size
Why do these differ? The Algorithmic Score measures issue quality (structure, size, promoter commitment). The Demand Analysis measures investor interest signals (subscription, GMP, risks). A high-quality issue can still have unconfirmed demand — especially before subscription opens.
✍️ Demand & Risk Analysis
Based on market demand signals — subscription, GMP trend, risk factors
IPO Market Analysis
“Strong investor demand with 69x subscription suggests positive listing momentum. GMP indicates market expects a listing premium.”
- ✅Oversubscribed 69x
- ✅Strong QIB demand 123x
- ✅Positive GMP +16%
- ✅4 business strengths identified
- ⚠️6 risk factors noted
- ✅Mainboard IPO (higher regulatory standards)
This is algorithmic analysis, not investment advice. Always read the DRHP before investing.
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (13 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 88 | ₹14,960 |
| Retail (max) | 13 | 1,144 | ₹1,94,480 |
| S-HNI (min) | 14 | 1,232 | ₹2,09,440 |
| S-HNI (max) | 66 | 5,808 | ₹9,87,360 |
| B-HNI (min) | 67 | 5,896 | ₹10,02,320 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 2.80x | 3.12x | 123.46x |
| sNII (S-HNI) | 2.59x | 13.32x | 86.91x |
| bNII (B-HNI) | 4.99x | 19.28x | 147.72x |
| Retail | 0.89x | 2.95x | 14.30x |
| Total | 2.13x | 6.06x | 69.11x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
14.30x
Allotment Ratio
1 lot per 15 applicants
Allotment Probability
~7.0%
Non-Institutional Investors (NII / HNI)
Subscription
127.45x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
123.46x
Allotment Type
Discretionary allotment
Total Subscription
69.11x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
IPO Timeline
Issue Opens
01 Jul 2026 · Wed
Issue Closes
03 Jul 2026 · Fri
UPI Deadline
03 Jul 2026 · Fri
Allotment
06 Jul 2026 · Mon
Refund
07 Jul 2026 · Tue
Share Credit
07 Jul 2026 · Tue
Listing
08 Jul 2026 · Wed
Issue Opens
01 Jul 2026 · Wed
Issue Closes
03 Jul 2026 · Fri
UPI Deadline
03 Jul 2026 · Fri
Allotment
06 Jul 2026 · Mon
Refund
07 Jul 2026 · Tue
Share Credit
07 Jul 2026 · Tue
Listing
08 Jul 2026 · Wed
IPO Details
| Registrar | — |
| Exchange | BSE, NSE |
| ISIN | — |
| Face Value | — |
| Issue Size | ₹439.50 Cr |
| Fresh Issue | ₹380.00 Cr |
| OFS Size | ₹59.50 Cr |
| Lead Managers | Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited, Pantomath Capital Advisors Private Limited |
3-Year Financial Summary
Revenue trend
↑ FY24→FY26
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY26 | 823.43 | 92.72 | 9.27 | 18.33 | — |
| FY25 | 736.49 | 73.81 | 7.38 | 23.03 | — |
| FY24 | 654.56 | 45.98 | 4.60 | 36.98 | — |
Detailed Line Items (₹ Cr)
| Line Item | FY24 | FY25 | FY26 |
|---|---|---|---|
| Total Income | 659.01 | 747.38 | 843.77 |
| EBITDA | 101.37 | 144.34 | 172.29 |
| Cash Flow — Operating | 32.45 | 94.05 | 91.98 |
| Cash Flow — Investing | -68.55 | -66.51 | -100.11 |
| Cash Flow — Financing | 34.42 | -19.16 | 2.9 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
18.3x
Price ÷ EPS
EPS (FY26)
₹9
Earnings per share
RoNW
—
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
20.9%
EBITDA ÷ revenue
Price/NAV
—
NAV not in abridged DRHP
Company Fundamentals
11 sections extracted from this filingCapital Structure
| Authorised Capital | — |
| Issued Capital | — |
| Paid-up Capital | — |
| Equity Shares (Pre-Issue) | 10,00,00,000 |
| Equity Shares (Post-Issue) | — |
Source: Knack packaging offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in Knack packaging's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in Knack packaging's filing.
Source: Knack packaging offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- Anchor+60.00%
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
- Alpesh Tulsibhai Patel6,75,750 sh
- Pravinkumar Ambalal Patel3,00,000 sh
- Rashminbhai Tulsibhai Patel6,75,750 sh
- Tulsibhai Keshavlal Patel3,62,000 sh
- Patel Kamlesh Ambalal3,07,500 sh
- Dharmisthaben Pravinbhai Patel1,25,000 sh
- Shital Alpesh Patel2,98,250 sh
- Divyaben Rashminkumar Patel2,98,250 sh
- Patel Jay Pravinkumar1,70,000 sh
- Shitalben Kamlesh Patel2,87,500 sh
Source: Knack packaging offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Alpesh Tulsibhai Patel₹1.65 Cr p.a.
Chairman and Managing Director
Promoter of the Company
- Pravinkumar Ambalal Patel₹1.70 Cr p.a.
Promoter and Whole time Director
Bachelor's degree in commerce from Gujarat University
Over 32 years of experience in finance & accounts
- Rashminbhai Tulsibhai Patel₹1.65 Cr p.a.
Promoter and Whole time Director
Diploma in Mechanical Engineering from N. M. Gopani Polytechnic
Over 28 years of experience in production & manufacturing sector
- Rajnish Magan₹0.10 Cr p.a.
Non-Executive and Independent Director
Bachelor's degree in commerce (honours) from University of Delhi; Post graduate diploma in management from Amity Business School; CIMA UK; FCPA
Overall experience of 35 years in Financial Accounting, Infrastructure and Manufacturing
- Deepti Sharma₹0.10 Cr p.a.
Non-Executive and Independent Director
Bachelor of Science from University of Ajmer; Master of Business Administration from Mohanlal Sukhadia University
Overall experience of 29 years; Currently independent director at multiple companies
- Vittaladevini S Balaji₹0.10 Cr p.a.
Non-Executive and Independent Director
Bachelor of Science from Madras University; Master of Science (actuarial science) from University of Madras
Over 30 years of experience in BOPP segment, Product Development and Production operations
Key Managerial Personnel (1)
- Ajay Kumar Dubey₹0.53 Cr p.a.
Chief Financial Officer
Bachelor's and Master's degree in commerce; Bachelor's degree in law; MBA; Doctorate of Philosophy in Commerce; Qualified Cost and Management Accountant
Overall experience of 18 years in finance and accounting roles
Source: Knack packaging offer document (DRHP/RHP).
Industry & Market
Per Technopak Advisors Private Limited - Industry Report on Specialized Packaging Sector, a report commissioned by the company (not independent).
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| Knack Packaging Limited | — | — | — | — |
| Mold-Tek Packaging Limited | — | — | — | — |
| TCPL Packaging Limited | — | — | — | — |
| Time Technoplast Limited | — | — | — | — |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | Company | 9 | 0.724 |
| Tax | Company | 4 | 4.755 |
Criminal proceedings by the Company Tax proceedings against the Company
Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the Knack packaging IPO opening?
The Knack packaging IPO opens on 01 Jul 2026 and closes on 03 Jul 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the Knack packaging IPO?
The price band for the Knack packaging IPO is ₹161 to ₹170. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the Knack packaging IPO?
The minimum lot size is 88 shares with a minimum investment of ₹14,960. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of Knack packaging IPO today?
The latest Grey Market Premium for Knack packaging is ₹27 (+15.60%). GMP is unofficial data and is not a guarantee of listing price.
When will the Knack packaging IPO list on NSE and BSE?
The Knack packaging IPO is expected to list on 08 Jul 2026 on BSE, NSE. Actual listing day trading begins at the start of the normal market session.
How can I check the Knack packaging IPO allotment status?
You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the Knack packaging IPO a mainboard or SME issue?
Knack packaging is a mainboard IPO that will list on the main NSE and BSE boards. Mainboard IPOs are open to retail investors with a minimum application of one lot.
How do I apply for the Knack packaging IPO?
You can apply for the Knack packaging IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA. Use the Apply Now buttons on this page to go directly to the broker.
What is the expected listing price of Knack packaging IPO?
Based on the current GMP of ₹27, the expected listing price of Knack packaging is ₹197 (issue price ₹170 + GMP ₹27). Note that GMP is unofficial grey market data and actual listing price may differ.
What is the allotment ratio for Knack packaging IPO?
Based on the retail subscription of 14.30x, the estimated allotment ratio is 1 lot per 15 applicants (approximately 7.0% chance of allotment). This is an estimate and actual allotment may vary.
Should I subscribe to Knack packaging IPO?
Based on our algorithmic analysis, Knack packaging IPO is rated SUBSCRIBE with high confidence. Strong investor demand with 69x subscription suggests positive listing momentum. GMP indicates market expects a listing premium. This is not investment advice — please read the DRHP and consult a financial advisor before investing.
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