The IPO of Knack Packaging Ltd will open on July 1, 2026, and close on July 3, 2026. The company aims to raise a total of around Rs. 439.50 crore through the book-built issue, which will include both a fresh issue and an offer for sale. The company is tentatively scheduled to list on BSE and NSE on July 8, 2026.
Knack Packaging shares are selling at a premium in the grey market ahead of its IPO opening. Market observers suggest that the company's grey market premium is in the range of Rs. 5 per share, whereas some trackers peg it to be around Rs. 9.
The estimated listing price would be around Rs. 175 per share, based on the upper price band of Rs. 170 and a GMP of Rs. 5. This indicates an estimated listing gain of around 2.9%. The GMP is not official and is subject to change before listing.
The issue is a combination of a fresh issue of 2.24 crore shares aggregating to Rs. 380 crore and an offer for sale of 0.35 crore shares aggregating to Rs. 59.50 crore.
The minimum amount of investment required by a retail investor is Rs. 14,960 (88 shares). The lot size investment for sNII is 14 lots (1,232 shares), amounting to Rs. 2,09,440, and for bNII, it is 67 lots (5,896 shares), amounting to Rs. 10,02,320.
The IPO reservation structure consists of not more than 50% for Qualified Institutional Buyers, not less than 35% for retail investors, and not less than 15% for Non-Institutional Investors.
The allotment will be completed on July 6, 2026, since July 4 is a Saturday. Systematix Corporate Services Ltd. is the book-running lead manager, and MUFG Intime India Pvt. Ltd. is the registrar of the issue.
Also Read: OpenAI Considers Delaying IPO to 2027 as $1 Trillion Valuation Faces Doubts
Knack Packaging was established in 2013 as a one-stop packaging solutions provider that produces printed and laminated woven polypropylene packages. It is used in food, pet food, agriculture, fertilizers, cement, chemicals, and other industries.
The company accounted for approximately 10.1% market share in India's flexible bulk PLWPP bag market in Fiscal 2025. Serves more than 1,950 customers in 68 countries and has created more than 73,000 cylinders for printing.
Financially, the company's total income for FY26 was Rs. 843.77 crore, which rose by 13% compared to the total income of Rs. 747.38 crore in the previous FY25. Profit after tax grew 26% to Rs. 92.72 crore, and EBITDA was at Rs. 172.29 crore.