KNACK PACKAGING LTD IPO: Company Review, Subscription and Allotment Updates
2026-07-02 — Company overview and issue details KNACK PACKAGING LTD IPO (ABOUT THE COMPANY) KNACK PACKAGING LTD – COMPANY BACKGROUND Knack Packaging Ltd manufactures printed and laminated woven polypropylene bags for use in various…
2026-07-02 — Company overview and issue details
KNACK PACKAGING LTD IPO (ABOUT THE COMPANY)
KNACK PACKAGING LTD – COMPANY BACKGROUND
Knack Packaging Ltd manufactures printed and laminated woven polypropylene bags for use in various industries where safety and retention of flavour are major considerations. The company has been in the business since 2013 and offers integrated packaging solutions to its clients. It caters to industries like food products, pet foods, agricultural products, fertilizers, detergents, building material, cement, chemicals etc. In this particular segment of flexible packaging (PLWPP), Knack Packaging has a dominant market share of around 10.1%. The company also supplies to global brands across 68 countries.
Knack Packaging Ltd has been promoted by Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel. The IPO comprises of a fresh issue and an offer for sale of shares by the company promoters and the promoter group. The fresh funds raised in the IPO will be used for partial funding of capital expenditure towards new manufacturing facility at Borisana in Mehsana, Gujarat. The issue is being lead-managed by Systematix Group, IDBI Capital Markets and Pantomath Capital Advisors; while MUFG Intime India Private Ltd are the registrars to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF KNACK PACKAGING LTD
Here are the key highlights of the public issue of Knack Packaging Ltd.
The IPO is open from July 01st, 2026 to July 03rd, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹161 to ₹170 per share.
The IPO of Knack Packaging Ltd will be a combination of a fresh issue of shares and an offer for sale (OFS) component in the IPO.
The fresh issue portion comprises the issue of 2,23,52,941 shares (223.53 lakh shares), which at the upper price band of ₹170 per share translates into a fresh issue size of ₹380 crore.
The offer for sale (OFS) portion comprises the sale of 35,00,000 shares (35.00 lakh shares), which at the upper price band of ₹170 per share translates into an OFS size of ₹59.50 crore.
Therefore, the overall IPO issue will comprise of a fresh issue and an OFS of 2,58,52,941 shares (258.53 lakh shares), which at the upper price band of ₹170 per share translates into overall issue size of ₹439.50 crore.
Due to the dilutive impact of the fresh issue, the promoter’s stake in the company will get reduced from 89.60% to 70.59% of the total shares outstanding post the IPO.
The IPO of Knack Packaging Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on July 01, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Knack Packaging Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wednesday, 1 July, 2026 |
| IPO Close Date | Friday, 3 July, 2026 |
| Basis of Allotment | Monday, 6 July, 2026 |
| Initiation of Refunds to non-allottees | Tuesday, 7 July, 2026 |
| Credit of Shares to Demat | Tuesday, 7 July, 2026 |
| Listing Date on NSE and BSE | Wednesday, 8 July, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | 1,37,931 shares | 0.52% of total IPO size |
| Anchor Allocation | 77,20,587 shares | 28.93% of total IPO size |
| QIB Shares Offered | 53,36,957 shares | 20.00% of total IPO size |
| NII (HNI) Shares Offered | 40,46,739 shares | 15.17% of total IPO size |
| Retail Shares Offered | 94,42,391 shares | 35.39% of total IPO size |
| Total Shares Offered | 2,66,84,605 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Knack Packaging Ltd for various categories of investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹ 14,960 |
| Retail (Max) | 13 | 1,144 | ₹ 1,94,480 |
| S-HNI (Min) | 14 | 1,232 | ₹ 2,09,440 |
| S-HNI (Max) | 66 | 5,808 | ₹ 9,87,360 |
| B-HNI (Min) | 67 | 5,896 | ₹ 10,02,320 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 88 shares)
FINANCIAL HIGHLIGHTS OF KNACK PACKAGING LTD
The table captures the key financials of Knack Packaging Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 823.43 | 736.49 | 654.56 |
| Sales Growth (%) | 11.81% | 12.52% | |
| Profit after Tax (₹ in crore) | 92.72 | 73.81 | 45.98 |
| PAT Margins (%) | 11.26% | 10.02% | 7.02% |
| Total Equity (₹ in crore) | 308.19 | 214.71 | 140.62 |
| Total Assets (₹ in crore) | 595.25 | 449.36 | 379.38 |
| Return on Equity (%) | 30.09% | 34.38% | 32.70% |
| Return on Assets (%) | 15.58% | 16.43% | 12.12% |
| Asset Turnover Ratio (X) | 1.38 | 1.64 | 1.73 |
| Earnings per share (₹) | 9.27 | 7.38 | 4.60 |
| EBITDA (₹ in Crore) | 172.29 | 144.34 | 101.37 |
| EBITDA Margins (%) | 20.92% | 19.60% | 15.49% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The net profit margins have shown a steady trend; growing from 7.02% to 11.26% between FY24 and FY26. The return on equity (ROE) has been stable around 30% levels, while the EBITDA margins (operating profits) have also been healthy at around 20%.
VALUATION METRICS OF KNACK PACKAGING LTD IPO
If one looks at the valuation of the company based on the latest FY26 full-year EPS of ₹9.27, it is trading at around 18.3X earnings at the upper band IPO price of ₹170 per share. That is reasonable valuations, but one has to look at data for few more quarters before they can have conviction on how the earnings trajectory is working out.
The company does bring some strengths to the table like an integrated manufacturing process, array of blue-chip clients, customized packaging solutions, and an exposure to the global market. Also, the ROE at over 30% is comfortably above competition. Also, the current IPO valuations are at the lower end of the industry valuation range. Investors can look at the stock from a long-term perspective.
2026-07-02 — Anchor allocation
KNACK PACKAGING LTD IPO (ANCHOR ALLOCATION 28.93%)
BRIEF ON ANCHOR ALLOCATION OF KNACK PACKAGING LTD
The anchor issue of Knack Packaging Ltd saw a strong response on 30th June 2026 with 28.93% of the IPO size absorbed by anchors. Out of 2,66,84,605 shares (266.85 lakh shares) on offer in the IPO, anchors picked up 77,20,587 shares (77.21 lakh shares) accounting for 28.93% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹170 per share. This includes the face value of ₹10 per share plus a share premium of ₹160 per share. The anchor bidding opened and closed on 30th June 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Knack Packaging Ltd
| Bid Date | June 30, 2026 |
|---|---|
| Shares Offered | 77,20,587 shares |
| Anchor Portion Size (₹ in crore) | ₹131.25 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Aug 05, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Oct 04, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN KNACK PACKAGING LTD
On 30th June 2026, Knack Packaging Ltd allotted 77,20,587 shares to a total of 14 anchor investors. The allocation was done at the upper IPO price band of ₹170 per share which resulted in overall anchor allocation of ₹131.25 crore. The anchors have already absorbed 28.93% of the total issue size of ₹453.64 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹113.25 crores, or, 86.28% of the overall anchor allocation of shares, one trading day ahead of the IPO of Knack Packaging Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted, and captured in the table below.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Axis New Opportunities AIF | 23,52,944 | 30.48% | ₹ 40.00 |
| 02 | Ashoka India Equity Investment | 8,82,376 | 11.43% | ₹ 15.00 |
| 03 | SBI General Insurance Company | 7,20,099 | 9.33% | ₹ 12.24 |
| 04 | Bandhan Small Cap Fund | 7,05,936 | 9.14% | ₹ 12.00 |
| 05 | BOI Manufacturing & Infra Fund | 3,52,968 | 4.57% | ₹ 6.00 |
| 06 | BOI Mid Cap Fund | 3,52,968 | 4.57% | ₹ 6.00 |
| 07 | ITI Multi Cap Fund | 3,52,968 | 4.57% | ₹ 6.00 |
| 08 | ITI Flexi Cap Fund | 3,52,968 | 4.57% | ₹ 6.00 |
| 09 | Sundaram Alternate Investments | 2,94,184 | 3.81% | ₹ 5.00 |
| 10 | Alchemy Long-Term Ventures Fund | 2,94,184 | 3.81% | ₹ 5.00 |
| Grand Total | 66,61,595 | 86.28% | ₹ 113.25 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 77,20,587 shares allocated to the anchors in the IPO, there was an allocation of 25,88,432 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual fund was spread across 7 MF schemes of 4 asset management companies (AMCs). Mutual funds accounted for 33.53% of the overall anchor allocation. There was no allocation made to life insurance companies regulated by the IRDAI. The anchor allocation was spread across domestic mutual funds, AIFs, general insurance companies, and FPIs.
NEXT STEPS IN KNACK PACKAGING LTD IPO
Post the closure of the IPO subscription on 03rd July 2026, the basis of allotment will be finalized on 06th July 2026 and the refunds will be initiated on 07th July 2026. In addition, the demat credits are expected to also happen on 07th July 2026 and the stock will list on 08th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 07th July 2026 under ISIN (INE17QZ01016).
2026-07-05 — Day-3 subscription update
Knack Packaging Ltd (Day-3 Final Subscription at 83.33 times)
KNACK PACKAGING LTD - IPO SUBSCRIPTION STATUS ON DAY-3
As of 7.15 pm on 03rd July 2026, out of the 189.64 lakh shares on offer in the IPO (excluding anchor portion), Knack Packaging Ltd saw bids for 15,802.78 lakh shares. This implies an overall subscription of 83.33X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Knack Packaging Ltd was as under:
| Employees (9.27) | QIBs (154.34X) | HNI / NII (139.81X) | Retail (20.07X) |
|---|
The subscriptions were led by the QIB Investors followed by the HNI / NII investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum only on the last day. That was the case in this IPO too. Both, the QIB portion and the HNI / NII portion saw bulk of the institutional, corporate and funded subscriptions come in on the last day of the IPO. The company saw steady anchor participation a day ahead of the IPO opening with 28.93% of the IPO size absorbed by anchor investors. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion.
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ in Crore) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 77,20,587 | 77,20,587 | 131.25 |
| Employee Quota | 9.27 | 1,37,931 | 12,77,936 | 21.72 |
| QIB Investors | 154.34 | 53,36,957 | 82,37,07,192 | 14,003.02 |
| HNIs / NIIs | 139.81 | 40,46,739 | 56,57,92,040 | 9,618.46 |
| Retail Investors | 20.07 | 94,42,391 | 18,95,00,872 | 3,221.51 |
| Total | 83.33 | 1,89,64,018 | 1,58,02,78,040 | 26,864.73 |
Data Source: NSE / BSE (as of close of Day-3 of the IPO)
The IPO of Knack Packaging Ltd was open up to July 03, 2026, and has closed for subscription as of the close of trading hours on July 03, 2026. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes anchor portion. Total bids as of the close (including anchor allocation) stood at ₹26,996 crore.
NEXT STEPS IN THE KNACK PACKAGING LTD IPO
Post the closure of the IPO subscription on 03rd July 2026, the basis of allotment will be finalized on 06th July 2026 and the refunds will be initiated on 07th July 2026. In addition, the demat credits are expected to also happen on 07th July 2026 and the stock will list on 08th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 07th July 2026 under ISIN (INE17QZ01016).
2026-07-05 — Allotment guidance and next steps
Knack Packaging Ltd IPO (How to check allotment status)
ABOUT THE KNACK PACKAGING LTD IPO
The IPO of Knack Packaging Ltd opened on July 01st, 2026 and closed on July 03rd, 2026. The overall IPO comprised of a fresh issue and an offer for sale (OFS) of 2,66,84,605 shares (266.85 lakh shares) worth ₹453.64 crore at the upper price band of ₹170 per share. The allotment status will be finalized by end of day (EOD) of July 06, 2026. Here is how to check your allotment status for the IPO of Knack Packaging Ltd. You can check IPO status on the BSE website or on the NSE website or on the IPO Registrar website (MUFG Intime India Private Ltd).
CHECKING THE ALLOTMENT STATUS OF KNACK PACKAGING LTD IPO ON BSE WEBSITE
This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. Visit the BSE link for the IPO allotment by clicking on the link below.
https://www.bseindia.com/investors/appli_check.aspx
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Knack Packaging Ltd from the drop-down box
Enter the Application Number / CAF exactly as in the acknowledgement slip OR
Enter your PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify you are not a robot
Finally click on the Search Button
You can use either of the parameters to query; Application / CAF number or Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Knack Packaging Ltd allotted into your demat account. You can save a screenshot of the allotment status output for subsequently verifying with the demat account credits.
CHECKING ALLOTMENT STATUS OF KNACK PACKAGING LTD IPO ON NSE WEBSITE
This is a common link for all IPOs. Click on NSE link for IPO allotment as below.
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity & SME IPO Details Option
Under SELECT SYMBOL – Select KNACK from the dropdown box
Enter the Application Number / CAF exactly as in the acknowledgement slip AND
Enter your PAN (10-digit alphanumeric) number
Once both are entered, click on the Submit Button
You must input the Application / CAF number and the Investor PAN.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Knack Packaging Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits.
CHECKING ALLOTMENT STATUS OF KNACK PACKAGING LTD ON MUFG INTIME INDIA PRIVATE LIMITED (REGISTRAR TO THE IPO)
Here are the steps to follow. Visit the Link Intime registrar website for IPO status by clicking on the link below:
https://in.mpms.mufg.com/Initial_Offer/public-issues.html
There are 4 options available to you to access the allotment status, and you can use any of these options to query.
You can use PAN access. Enter the 10-character alphanumeric income tax permanent account number (PAN). Make it a point to verify your PAN before entering.
The second option is to use Application Number / CAF to query the allotment status in the IPO. The application / CAF number is available on the acknowledgement slip.
You can use DPID-Client ID combination. For NSDL combination is alphanumeric, while for CDSL, combination is numeric. This is available in your demat statement.
You can also query by the combination of your bank account number and IFSC number provided as the IPO mandate bank. It is available on your cheque book.
Finally, click on the SUBMIT button.
In case, you have any issues with the output, register an investor query with Link Intime India Private Ltd. You can either send an email with all requisite details and problem to ipo.helpdesk@in.mpms.mufg.com or you can call on (0)-81081-14949 for voice call.
NEXT STEPS IN THE KNACK PACKAGING LTD IPO
Post the closure of the IPO subscription on 03rd July 2026, the basis of allotment will be finalized on 06th July 2026 and the refunds will be initiated on 07th July 2026. In addition, the demat credits are expected to also happen on 07th July 2026 and the stock will list on 08th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 07th July 2026 under ISIN (INE17QZ01016).
Interested in applying for this IPO?
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