Summary of this article
Knack Packaging IPO witnessed strong investor participation on the final day of bidding
GMP has doubled over the past week, reflecting improving sentiment
The company reported consistent growth in revenue, Ebitda and profit over the last four financial years
The Knack Packaging’s initial public offering (IPO) continued to attract strong investor interest on the final day of bidding on July 3, with subscriptions gathering pace across investor categories. As demand strengthened on Day 3, the company's grey market premium (GMP) also remained elevated compared to last week, indicating positive expectations for its market debut. However, investors should note that the GMP is an unofficial indicator and does not guarantee listing gains.
The Rs 439.50-crore public issue, which opened for subscription on July 1, is scheduled to close today.
Established in 2013, Knack Packaging manufactures printed and laminated woven polypropylene (PLWPP) bags used across sectors such as food, agriculture, fertilisers, cement, chemicals and pet food. The company exports its products to 68 countries and counts KRBL, DCM Shriram, Drools Pet Food, Baba Agro Food and Cargill among its customers.
The company is promoted by Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel and Rashminbhai Tulsibhai Patel.
Knack Packaging IPO Subscription Status
As of 12:29 PM on July 3, the Knack Packaging IPO was subscribed 22.52 times, reflecting strong investor interest on the final day of bidding.
The qualified institutional buyers (QIB) portion was subscribed 11.17 times, while the non-institutional investor (NII) category received bids for 66.92 times the shares reserved. Within the NII segment, the bNII portion was subscribed 74.23 times and the sNII category 52.30 times.
The retail investor portion was subscribed 10.21 times, while the employee quota was subscribed 6.57 times.
Overall, investors placed bids for 40.84 crore shares against 1.81 crore shares on offer through the net issue. A total of 9,56,723 applications had been received as of the latest update.
Knack Packaging IPO GMP Today
The latest grey market premium for the IPO stood at Rs 24.
Based on the upper end of the price band at Rs 170 per share, the current GMP suggests an estimated listing price of around Rs 194, implying a potential upside of about 14.12 per cent, provided prevailing market sentiment remains intact.
The GMP has doubled over the past week. It was around Rs 12 on June 24 before climbing to Rs 26 on June 30, a day before the IPO opened. It remained unchanged on the opening day and eased marginally to Rs 24 thereafter.
Knack Packaging IPO Details
The IPO comprises a fresh issue of 223.53 million shares worth Rs 380 crore and an offer for sale (OFS) of 35 million shares aggregating Rs 59.50 crore, taking the total issue size to Rs 439.50 crore.
The shares are priced in the band of Rs 161-170 apiece. Investors are required to apply for a minimum of 88 shares, translating into a minimum investment of Rs 14,960 at the upper price band.
The basis of allotment is expected to be finalised on July 6, while refunds and demat credit are likely on July 7. The company's shares are scheduled to debut on the BSE and NSE on July 8.
Systematix Corporate Services is managing the issue as the book-running lead manager, while MUFG Intime India is acting as the registrar.
The company intends to deploy Rs 320 crore from the net proceeds towards partially funding a new manufacturing facility at Borisana in Kadi, Mehsana, Gujarat. The remaining proceeds will be used for general corporate purposes.
Knack Packaging IPO Financial Performance
Knack Packaging has reported steady financial growth over the past four years. Its total income increased to Rs 843.77 crore in FY26 from Rs 747.38 crore in FY25. Revenue stood at Rs 659.01 crore in FY24 and Rs 518.47 crore in FY23.
Ebitda rose to Rs 172.29 crore in FY26 compared with Rs 144.34 crore in FY25. It had earlier reported Rs 101.37 crore in FY24 and Rs 54.84 crore in FY23.
The company's profit after tax (PAT) climbed to Rs 92.72 crore during FY26 from Rs 73.81 crore a year earlier. Net profit stood at Rs 45.98 crore in FY24 and Rs 19.87 crore in FY23.
As of March 31, 2026, Knack Packaging had total 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 reported a debt-to-equity ratio of 0.62, return on equity (ROE) of 35.75 per cent, and an Ebitda margin of 20.42 per cent.
