IPO Snapshot
Key metrics and details at a glance.
Price Band
₹170
Per ShareLot Size
88 Shares
Minimum Investment
₹14,960
Issue Size
₹439.5 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Knack Packaging Ltd
Business model, operations, and market positioning.
About the Company
We are one of the leading, integrated, innovation-oriented, export led and sustainable oriented packaging solutions provider, offering a diverse range of packaging solutions, including Printed and Laminated Woven Polypropylene ("PLWPP") bags and PLWPP Pinch Bottom bags that are customized, high-strength packaging solutions for a wide range of sectors, including food products and pet foods . Our solutions enhance brand visibility on packaging, reduce the risk of counterfeiting, and improve operational performance. We hold approximately 10.1% of market share in the Indian market for flexible bulk PLWPP bags, including PLWPP pinch bottom bags in Fiscal 2025. We are also one of the early movers in the manufacturing of BOPP/ PLWPP bags, and the first company in India (and Asia) to provide laser cut and easy-open feature integrated into their PLWPP pinch bottom bags. With a legacy of over two decades of our Promoters, we offer a wide array of bulk packaging solution which has been developed over the decades through technological enhancements and industry experience. We also provide add-on solutions such as circular & back seam construction, half, full & register window, zig-zag cut, heatcut & bladecut etc., providing customers with enhanced and customized packaging options. Our diverse range of packaging solutions along with customised add-ons, makes us a one stop solution for our customers.
Industry Overview
In CY 2024, the global flexible bulk packaging (5-50kg) market was valued at USD 86.4 billion and is estimated to reach USD 109.0 billion by CY2029, growing at a CAGR of 4.8%. Further, the global printed and laminated woven polypropylene (PLWPP) bulk bags (5-50kg) market was valued at USD 1.45 billion in CY2024. The market is expected to reach USD 1.85 billion by CY2029, expanding at a CAGR of 5.0%. The Asia Pacific region holds the majority share of 40.2% of the total global PLWPP bulk packaging market, followed by North America (26.4%), Europe (24.8%), Middle East and Africa (4.5%) and South America (4.1%). The flexible plastic packaging market in India was valued at INR 1,849 billion in FY 2024 and is expected to reach INR 2,717 billion in FY 2029, growing at a CAGR of 8.0% and represented 65% of the plastic packaging market in FY 2024. Within the flexible packaging market, the Woven Polypropylene packaging market in India is expected to grow at a CAGR of 9.2% and reach INR 700 billion in FY 2029 from INR 450 billion in FY 2024. The growth of the sector is driven by the Increasing demand from sectors such agriculture & food, animal & pet foods, construction and building materials etc. Further, the increase in B2B trade and export opportunities also supports the growth of WPP bags industry in India. Within WPP packaging sector, the Indian Printed and Laminated Woven Polypropylene (PLWPP) bulk bags (5-50kg packaging) market was valued at INR 25 billion in FY 2024 and is expected to reach INR 50 billion by FY 2029, expanding at a CAGR of 15.0% during the given period.
Company History
Our Company was originally incorporated as "Knack Packaging Private Limited" under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated March 4, 2013, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Subsequently, our Company was converted from a private company to a public company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on June 7, 2025, following which the name of our Company was changed to "Knack Packaging Limited" and a certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Central Processing Centre on June 23, 2025.
Growth Strategy
- Expand our production capacity and strengthen our manufacturing capabilities.
- Drive growth through focus on new product categories.
- Capitalizing on Growing Demand for PLWPP Bags.
- Transitioning towards sustainable business practices.
- Increase our exports and focus on new high growth end-user industries.
- Focus on automation advancing artificial intelligence and machine learning capabilities.
Promoter Holding (Pre-Issue)
89.6%
Promoter Holding (Post-Issue)
70.59%
Issue Type
Book Building
ISIN
INE17QZ01016
Financial Performance
Revenue, profit, and asset growth over the last three financial years.
Data presented in crores for FY20 to FY24.
Objects of the Issue
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 25,865,164 equity shares of face value of Rs. 10 each ("Equity Shares") of Knack Packaging Limited ("The Company" or the "Issuer") for cash at a price of Rs. 170 per equity share (including a premium of Rs. 160 per equity share) ("Offer Price"), aggregating up to Rs. 439.5 Crores, comprising of a fresh issue of 22,365,164 equity shares, aggregating to Rs. 380.00 Crores (the "Fresh Issue") and an offer for sale of 3,500,000 equity shares, aggregating to Rs. 59.5 Crores ("Offered Shares") ("Selling Shareholders" and individually the "Selling Shareholder") comprising 675,750 equity shares aggregating to Rs. 11.49 Crores by Alpesh Tulsibhai Patel, comprising up to 300,000 equity shares aggregating to Rs. 5.1 Crores by Pravinkumar Ambalal Patel, comprising up to 675,750 equity shares aggregating to Rs. 11.49 Crores by Rashminbhai Tulsibhai Patel, comprising 362,000 equity shares aggregating to Rs. 6.15 Crores by Tulsibhai Keshavlal Patel, comprising 307,500 equity shares aggregating to Rs. 5.23 Crores by Patel Kamlesh Ambalal, comprising up to 125,000 equity shares aggregating to Rs. 2.13 Crores by Dharmisthaben Pravinbhai Patel, comprising 298,250 equity shares aggregating to Rs. 5.07 Crores by Shital Alpesh Patel, comprising 298,250 equity shares aggregating to Rs. 5.07 Crores by Divyaben Rashminkumar Patel comprising 170,000 equity shares aggregating to Rs. 2.89 Crores by Patel Jay Pravinkumar, comprising 287,500 equity shares aggregating to Rs. 4.89 Crores by Shitalben Kamlesh Patel (such sale, the "Offer For Sale", and together with the fresh issue, the "Offer"). The offer includes a reservation of up to 129,870 equity shares of face value of Rs.10/- each, aggregating up to Rs. 2.00 Crores (constituting up to 0.11% of the post-offer paid-up equity share capital) for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the selling shareholders and the book running lead managers ("BRLMS") offered a discount of 9.41% (equivalent of Rs. 16 per equity share) of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 21.14% and 21.03% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 170/- per equity share bearing face value of Rs. 10 each. The floor price is 17.00 times of the face value of the equity shares. Bids can made for a minimum of 88 equity shares of face value of Rs. 10 each and in multiples thereof. A discount of Rs. 16 per equity share is being offered to eligible employees bidding in the employee reservation portion.
*Subject to approvals and market conditions.
- Focus on operational efficiency through integrated and digitised processes.
- Capability to deliver complex product design with accuracy.
- Customer-centric custom packaging solutions.
- Presence across Indian and global market catering to various industries.
- Experienced and skilled management and Board of Directors.
- The company is significantly dependent on its key suppliers for sourcing raw materials and the company does not has any contractual arrangements with them. Accordingly, the company inability to maintain relationship with key suppliers may adversely impact its business, operations and financial results.
- A significant portion of the company revenue from operations is derived from its existing customers. Additionally, the company derives a substantial portion of its revenue from operations from few customers, and the company does not has any contractual arrangements with them. Its failures to retain these customers may adversely impact the company business, operations, and financial performance.
- The company manufacturing facilities is concentrated in a single region domestically i.e., Gujarat, which are critical to the company business operations. Any shutdown of its manufacturing facilities dues to adverse conditions in the state of Gujarat or other reasons may adversely affect the company business, financial condition, results of operations, cash flows and future business prospects.
- A significant percentage of the company revenue (amounting to 23.66% of its revenue from operations during Fiscal 2026) is derived from the company customers in the United States. Any adverse situation in the United States, including any breakdown in India-US bilateral relations may adversely affect its business, results of operations, and financial condition.
- The estimated cost of the company Project has been reduced from Rs. 5,148.94 million to Rs. 3,649.56 million and the schedule for implementation of the Project has been extended from December 2026 to October 2027. Any further changes in the cost, delays cost overruns may adversely affect the expected benefits from the Project and its financial condition.