Knack Packaging IPO Allotment Today: GMP Falls From Peak; What It Signals Ahead Of July 8 Listing

Knack Packaging’s initial public offering (IPO) attracted an overwhelming response from investors, with the issue being subscribed 87.17 times by the close of the bidding on July 3, 2026. The strong demand was led by qualified institutional buyers (QIBs), who subscribed the issue 160.22 times, followed by non-institutional investors (NIIs) at 146.64 times, while the retail investor portion was subscribed 21.09 times.

The basis of allotment is expected to be finalised on July 6, while the shares are scheduled for listing on the BSE and the NSE on July 8.

The Rs 439.50 crore public issue had 50 per cent of the net offer reserved for QIBs, 15 per cent for NIIs, and 35 per cent for retail investors. Within the NII category, the portion for bidders investing above Rs 10 lakh (bNII) was subscribed 163.91 times, while the small NII (sNII) segment received 112.09 times subscription. The employee reservation was subscribed 9.84 times.

Despite the robust subscription, the grey market premium (GMP) has moderated in recent days. Nevertheless, the stock could list at a premium to its issue price.

Incorporated in 2013, Knack Packaging is an integrated packaging solutions provider engaged in manufacturing printed and laminated woven polypropylene (PLWPP) bags used across industries, such as food, agriculture, fertilisers, cement, and chemicals. The company exports its products to 68 countries and commands around 10.10 per cent share of India's flexible bulk PLWPP bag market. Its promoters are Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel.

Knack Packaging IPO GMP Today

The latest GMP for Knack Packaging’s IPO stands at Rs 16.75 per share, indicating an estimated listing price of around Rs 186.75, compared to the issue price of Rs 170. This implies a potential listing gain of nearly 9.85 per cent.

The GMP has, however, cooled from its recent peak of Rs 28 during the subscription period. It subsequently slipped to Rs 26.50 on the final day of bidding before declining further after the issue closed, suggesting some moderation in grey market sentiment, even as expectations for a positive listing remain intact.

Investors should note that GMPs are unofficial, unregulated, and can change rapidly. They should not be the sole basis for making investment decisions, as actual listing performance depends on broader market conditions and investor sentiment on the day of listing.

Knack Packaging IPO Details

The Knack Packaging IPO is a book-built issue worth Rs 439.50 crore, comprising a fresh issue of 22.35 million shares aggregating Rs 380 crore and an offer for sale (OFS) of 3.50 million shares worth Rs 59.50 crore.

The IPO was priced in the band of Rs 161-170 per share, with the final issue price fixed at Rs 170. Investors were required to apply for a minimum of one lot comprising 88 shares, translating into a minimum investment of Rs 14,960 at the upper end of the price band.

Systematix Corporate Services is the book-running lead manager (BRLM) for the issue, while MUFG Intime India is the registrar.

The company plans to utilise Rs 320 crore from the net proceeds towards partially funding capital expenditure for setting up a new manufacturing facility at Borisana in Kadi, Mehsana, Gujarat. The remaining proceeds will be used for general corporate purposes.

Knack Packaging IPO Anchor Investors List

Ahead of the IPO opening, Knack Packaging raised Rs 131.25 crore from anchor investors on June 30 by allocating 7.72 million shares. Out of the total anchor allocation, 2.59 million shares, representing 33.53 per cent of the anchor portion, were allotted to four domestic mutual fund houses through seven schemes.

The participating mutual funds included schemes from Bank of India Mutual Fund, ITI Mutual Fund, Bandhan Mutual Fund, and JM Financial Mutual Fund. No allocation was made to life insurance companies or pension funds in the anchor book.

Knack Packaging’s Financial Performance

Knack Packaging has reported steady growth over the past four financial years. Its total income rose from Rs 518.47 crore in FY23 to Rs 659.01 crore in FY24, Rs 747.38 crore in FY25, and Rs 843.77 crore in FY26.

Earnings before interests, taxes, depreciation and ammortisation (Ebitda) increased from Rs 54.84 crore in FY23 to Rs 101.37 crore in FY24, Rs 144.34 crore in FY25, and Rs 172.29 crore in FY26.

Profit after tax (PAT) rose from Rs 19.87 crore in FY23 to Rs 45.98 crore in FY24, Rs 73.81 crore in FY25, and Rs 92.72 crore in FY26.

As of FY26, the company reported assets of Rs 595.25 crore, net worth of Rs 308.19 crore, reserves and surplus of Rs 208.19 crore, and total borrowings of Rs 192.47 crore.

The company also reported healthy profitability and efficiency ratios in FY26. Its return on equity (RoE) stood at 35.75 per cent, indicating that it generated strong returns for shareholders on the capital they had invested. Return on capital employed (RoCE) came in at 46.71 per cent, suggesting efficient use of the overall capital deployed in the business. Return on net worth (RoNW) was 35.47 per cent, reflecting the company’s ability to deliver healthy profits on shareholders’ funds. It posted a PAT margin of 10.99 per cent, Ebitda margin of 20.42 per cent, and a debt-to-equity ratio of 0.62.