Summary of this article
Knack Packaging IPO attracted healthy demand on its second bidding day
GMP doubled in a week, signalling stronger listing expectations
Revenue, Ebitda and profit have grown steadily over recent years
Knack Packaging IPO GMP: The grey market premium (GMP) of Knack Packaging’s initial public offering (IPO) has doubled over the past week, signalling improving investor sentiment ahead of the close of the public issue. The Knack Packaging IPO, which opened for subscription on July 1, entered its second day of bidding on July 2 and has witnessed healthy demand from investors so far.
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, chemicals and pet food. The company exports its products to 68 countries and serves customers, including KRBL, DCM Shriram, Drools Pet Food, Baba Agro Food and Cargill.
The company’s promoters are Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel and Rashminbhai Tulsibhai Patel.
Knack Packaging IPO Subscription Status
As of 12:44 PM on July 2, the Knack Packaging IPO was subscribed 4.48 times. The qualified institutional buyer (QIB) portion was subscribed 3.30 times, while the non-institutional investor (NII) category was subscribed 10.19 times. Within the NII segment, the bNII portion was subscribed 10.91 times and the sNII category 8.75 times. The retail investor category was subscribed 2.73 times, while the employee quota was subscribed 3.02 times.
Overall, investors had bid for 812.75 million shares against 181.32 million shares on offer through the net issue.
Knack Packaging IPO GMP Today
The latest Knack Packaging IPO GMP stood at Rs 24 on July 2. Based on the upper price band of Rs 170 per share, the GMP indicates an estimated listing price of around Rs 194, implying a potential listing gain of about 14.12 per cent, if prevailing market sentiment sustains.
The IPO’s GMP has seen a sharp rise over the past week. It increased from Rs 12 on June 24 to Rs 26 on June 30, a day before the issue opened. The GMP remained unchanged on the opening day, July 1, before slipping slightly to Rs 24 on July 2.
Knack Packaging IPO Details
Knack Packaging seeks to raise Rs 439.50 crore through its IPO, which includes a fresh issue of 223.53 million shares aggregating to Rs 380 crore and an offer for sale (OFS) of 35 million shares worth Rs 59.50 crore.
The company has offered its shares in the range of Rs 161-170 per share. Investors can apply for a minimum of 88 shares, requiring an investment of Rs 14,960 at the upper end of the price band.
The public issue will be available for subscription till July 3. The basis of allotment is expected to be finalised on July 6, while refunds and credit of shares are likely on July 7. The shares are scheduled to list on the BSE and NSE on July 8.
Systematix Corporate Services is the book-running lead manager to the issue, while MUFG Intime India is the registrar.
The company plans to use Rs 320 crore from the net proceeds towards partially funding a new manufacturing facility at Borisana in Kadi, Mehsana, Gujarat, with the remaining amount earmarked for general corporate purposes.
Knack Packaging IPO Financial Performance
For the year ended March 31, 2026, Knack Packaging’s total income rose to Rs 843.77 crore from Rs 747.38 crore reported in FY25, Rs 659.01 crore in FY24 and Rs 518.47 crore in FY23.
Its earnings before interest tax depreciation and amortisation (Ebitda) increased to Rs 172.29 crore in FY26 from Rs 144.34 crore a year earlier. It had stood at Rs 101.37 crore in FY24 and Rs 54.84 crore in FY23.
Profit after tax (PAT) climbed to Rs 92.72 crore in FY26, up from Rs 73.81 crore in FY25. The company had reported a PAT of Rs 45.98 crore in FY24 and Rs 19.87 crore in FY23.
As of March 31, 2026, the company reported 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. Its debt-to-equity ratio stood at 0.62, while return on equity (ROE) was 35.75 per cent and Ebitda margin was 20.42 per cent.
