Knack Packaging IPO Overwhelmed by Investor Demand

Knack Packaging's Initial Public Offering (IPO) closed on July 3, 2026, with exceptional investor demand. The issue was subscribed a remarkable 7.21 times, attracting bids for 13.68 crore shares against the 1.89 crore shares that were on offer. This level of oversubscription highlights strong market appetite for the packaging solutions provider.

The IPO, which opened on July 1, 2026, had a price band set between Rs 161 and Rs 170 per share. Knack Packaging aims to utilize approximately Rs 320 crore from the net fresh issue proceeds. These funds are earmarked for the partial financing of capital expenditures required for establishing a new manufacturing facility in Borisana, Kadi, Mehsana, Gujarat.

The remaining funds from the IPO will be allocated for general corporate purposes. Prior to the public offering, on June 30, 2026, Knack Packaging successfully raised Rs 131.24 crore from anchor investors by allotting 77.20 lakh shares at Rs 170 each.

Knack Packaging, an integrated packaging solutions provider, manufactures printed and laminated woven polypropylene (PLWPP) bags. Its products serve diverse industries including food, agriculture, cement, chemicals, and pet food. The company boasts a global reach, exporting to 71 countries and serving over 1,950 customers.