Knack Packaging Limited, a packaging company from Gujarat, has set the price band for its upcoming IPO at Rs 161 to Rs 170 per share. The public issue will open for investors on Wednesday, July 1, 2026, and close on Friday, July 3, 2026. Anchor investors can place their bids a day earlier, on Tuesday, June 30, 2026.
Capital Raising
Knack Packaging’s IPO includes two parts. First, the company will issue new shares to raise up to Rs 3,800 million. Second, existing investors and promoters will sell up to 35 lakh shares. In this sale, promoters Alpesh Tulsibhai Patel and Rashminbhai Tulsibhai Patel will each sell up to 6.75 lakh shares, while Pravinkumar Ambalal Patel will sell up to 3 lakh shares. The rest includes about 15.61 lakh shares from the wider promoter group and 2.87 lakh shares from other shareholders.
For retail investors, the IPO requires a minimum lot of 88 shares, and any extra investment must be in multiples of this lot size. To support employees during the share sale, a special reservation has been made that gives eligible staff a discount of Rs 16 per share. The entire book-building process is being carried out under Rule 19(2)(b) of the Securities Contracts Regulation Rules and SEBI’s ICDR guidelines.
Industrial Operations
Knack Packaging, started in 2013, makes its products in Gujarat with a total production capacity of 43,300 metric tonnes per year (as of March 2026). The company mainly produces woven polypropylene (WPP) bags using automated systems, along with printed and laminated WPP (PLWPP) bags. As per Technopak data, Knack Packaging held about 10.1% share of India’s flexible bulk PLWPP sack market in FY2025, working mostly on a B2B2C model (business-to-business-to-consumer).
Knack Packaging has a strong setup that includes its own design unit and a large storage space of about 92,000 sq. ft., holding more than 73,000 custom printing cylinders. These resources serve around 1,950 corporate customers with 13,379 different product types (SKUs). The company uses this printing block inventory to keep customers tied in and ensure brand consistency across India and exports to 71 countries. Financially, Knack has grown steadily, with revenue rising from Rs 6,545.59 million in FY2024 to Rs 8,234.34 million in FY2026, showing a CAGR of 12.16%.
Growth Profile
Company profits have grown strongly. Operating profit margins (EBITDA) rose from 15.38% in FY2024 to 20.42% in FY2026. Net profit after tax jumped from Rs 459.77 million to Rs 927.24 million in the same period, showing a fast CAGR of 42.01%. This growth was supported by higher demand, as total container sales increased at a CAGR of 11.69% to reach 38,157.49 metric tonnes by the end of FY2026.
Knack Packaging plans to use the money raised from new shares to expand its manufacturing and reduce debt. As global rules on eco-friendly packaging get stricter, the company will focus more on producing laser-cut pinch bottom bags. These bags are high-margin products that can help Knack win big export contracts in Europe and North America.
About Knack Packaging
Knack Packaging Limited is an integrated industrial manufacturer of bulk flexible packaging solutions based in India. The company specializes in technical fabrication, printing, and distribution of high-strength printed and laminated woven polypropylene (PLWPP) bags and customized pinch-bottom containment structures.
Serving sectors ranging from agricultural products to commercial pet food manufacturers, the corporate footprint encompasses an extensive domestic supply chain alongside established export operations servicing corporate clients across dozens of international markets.
