Ahead of the listing, the company’s shares were commanding a grey market premium (GMP) of around ₹13, implying an expected listing premium of nearly 7.7%, according to InvestorGain.
However, it is important to note that grey market premiums are unofficial indicators and can change rapidly.
The ₹439.5-crore IPO received a robust response from investors, with the issue being subscribed 83.33 times overall.
Qualified Institutional Buyers (QIBs) led the demand, subscribing to their reserved quota 154.34 times, followed by Non-Institutional Investors (NIIs) at 139.81 times and Retail Investors at 20.07 times.
The public issue, which was open for subscription from July 1 to July 3, comprised a fresh issue of ₹380 crore and an offer for sale (OFS) of ₹59.5 crore by existing shareholders. Ahead of the IPO, the company had raised ₹131.25 crore from anchor investors.
Knack Packaging plans to utilise ₹320 crore from the fresh issue proceeds to partly fund a new manufacturing facility at Borisana, Gujarat, which will produce printed and laminated woven polypropylene (PLWPP) bags and pinch-bottom bags.
About the company
Knack Packaging is an integrated packaging solutions provider that manufactures printed and laminated woven polypropylene (PLWPP) bags, including pinch-bottom bags used across industries such as food grains, sugar, fertilisers, chemicals, cement, construction materials and pet food.
The company exports to 71 countries and serves more than 1,950 customers globally. It holds an estimated 10.1% share of India’s flexible bulk PLWPP bags market and operates an integrated manufacturing model spanning polypropylene processing, printing and bag conversion.
Its customer base includes companies such as KRBL, Drools, DCM Shriram, Baba Agro Foods, and global names including Cargill.
For FY26, Knack Packaging reported a 25.6% increase in net profit to ₹92.7 crore, while revenue rose 11.8% year-on-year to ₹823.4 crore.
First Published: Jul 8, 2026 10:01 AM IST
