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Knack Packaging Limited
82.98xsubscribed

Knack Packaging Limited

Packaging
listed
ā‚¹14,168Min. investment

Knack Packaging Limited IPO Details

SectorPackaging
Price rangeā‚¹161 ā€“ ā‚¹170
IPO type
Regular
Lot size88 shares
Issue sizeā‚¹439Cr
Red Herring Prospectus
Read
RevenueApr 2025 - Mar 2026
ā‚¹823.4CrHigher than sector avg
Growth rate3Y CAGR
12.10%Higher than sector avg

Knack Packaging Limited Subscription Status

Date
QIB
NII
Retail
Total
01-Jul-26
2.8 times (X)
4.88 times (X)
1.32 times (X)
2.59 times (X)
02-Jul-26
3.17X
19.13X
4.25X
7.2X
03-Jul-26
124.16X
138.49X
19.59X
82.98X

As on 01-Jul-26, 5:00 PM

Knack Packaging Limited Timeline

  1. Pre-apply
    29 Jun 2026
  2. Bid start
    1 Jul 2026
  3. Bid end
    3 Jul 2026
  4. Allotment
    6 Jul 2026
  5. Release of funds
    7 Jul 2026
  6. Demat transfer
    7 Jul 2026
  7. Listing
    8 Jul 2026

About Knack Packaging Limited

Knack Packaging is an integrated packaging company with a strong focus on innovation, exports and sustainable packaging solutions. It manufactures a wide range of printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch bottom bags, which are high-strength, customised packaging products used mainly for food products and pet food.
It was also one of the early companies to manufacture BOPP/PLWPP bags and became the first company in India and Asia to introduce laser-cut and easy-open features in PLWPP pinch bottom bags. In FY25, the company held ~10.1% market share in the Indian flexible bulk PLWPP bags market, including pinch bottom bags.
Over the years, the company expanded its product portfolio, entered export markets such as the US and Europe by 2018, established a new manufacturing facility at Indrad, Gujarat, in 2020, and incorporated its wholly-owned subsidiary Knack Packaging SA (RF) Proprietary Limited in South Africa in 2021. It also formed a joint venture, Sayem Knack S.A. de C.V., with SACOS Y Empaques Internacionales to expand into Latin America and the USA. The joint venture started commercial operations on April 6, 2026.
The company follows a business-to-business-to-consumer (B2B2C) business model and supplies packaging solutions to several leading domestic and global companies. Its major Indian customers include Baba Agro Food Limited, Drools Pet Food Private Limited, KRBL Limited and DCM Shriram Limited, while international customers include Cargill, Cristo S.A. and Repi Soap and Detergent PLC. It exports to 71 countries and offers packaging solutions ranging from 5 kg to 50 kg for products such as grains, pulses, flour, spices, sugar, salt, fruits, nuts, animal feed, pet food, fertilisers, chemicals and construction materials.
Cargill remained the company's largest customer in FY26, contributing 16.73% of total revenue or ā‚¹137.73 crore, compared with 19.03% in FY25 and 22.33% in FY24. The top 10 customers together contributed 40.87% of total revenue in FY26.
The company currently has four manufacturing facilities, all located in Mehsana district, Gujarat. Unit-1, which is situated on a combination of owned and leased land, manufactures finished PLWPP products. Units 2, 3 and 4 mainly produce semi-finished woven fabric and liners. Overall capacity utilisation for PLWPP products stood at 81.63% in FY26, compared with 85.98% and 88.65% in FY25 and FY24, respectively. The installed capacity also increased from 43,300 MT to 55,800 MT during the same period.
Knack Packaging also has a well-developed in-house printing facility that provides complete design support, which includes artwork creation and cylinder development. As of May 31, 2026, it had developed more than 73,000 printing cylinders for 1,950+ customers and 13,379 SKUs. These cylinders are stored in a dedicated warehouse covering 92,065.47 sq. ft.
The company has a presence in both domestic and international markets. In FY26, exports contributed 56.30% of revenue from operations, while domestic sales accounted for 43.70%. Its international presence is supported by its South African subsidiary and customers across North America, Africa and different parts of India.
Product-wise, printed and laminated woven PP bags remained the largest contributor, accounting for 73.37% of product revenue in FY26, followed by printed and laminated woven PP pinch bottom bags at 20.27%. The remaining revenue came from PP woven bags, bottom gusset bags, block bottom bags and other products.
The global market for PLWPP bags, ranging from 5kg to 50kg, was valued at $1.52 billion in CY25 and is expected to reach $1.85 billion by CY29 with a CAGR of 5.0%. The company also expects to benefit from the global China plus one sourcing strategy, which is encouraging international customers to source more products from India. The specialised packaging industry has high entry barriers because it requires significant capital investment, access to PP resin, advanced manufacturing processes, integrated ERP systems and compliance with multiple regulatory standards. The company believes that these factors give established companies a competitive advantage over new entrants.
Going forward, the company plans to expand its manufacturing capacity by setting up new production facilities. It will focus on increasing production of pinch bottom bags while also entering new product categories such as PLPE pinch bottom bags and zipper pinch bottom bags, targeting fast-growing segments including pulses, spices, rice and pet food.
Now, Knack Packaging Ltd is launching its initial public offering (IPO), which consists of a fresh issue of ā‚¹380 crore and an offer for sale of ā‚¹60 crore only. The total issue size of the IPO is ā‚¹440 crore. Its shares will be listed on the NSE and BSE.

How to pre-apply for Knack Packaging IPO?

You can pre-apply for Knack Packaging IPO on Upstox. The pre-application for this IPO, which means the pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
  • Login to your Upstox account, using your six-digit PIN
  • After successfully logging in, click on ā€˜Discoverā€™
  • On the Discover tab, you will find the ā€˜Invest in IPOā€™ section
  • Under the Invest in IPO section, look for the ā€˜Knack Packaging IPOā€™ tab and click on it
  • Now fill in all the required information, like ā€˜bid priceā€™ and ā€˜lot sizeā€™
  • Confirm and click on ā€˜Pre-Applyā€™
  • Accept the mandate on your UPI app

How to apply for Knack Packaging IPO?

If you are interested in this investment opportunity but unsure how to apply for Knack Packaging IPO, here are the steps that you need to follow.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for Knack Packaging IPO on Upstox:
  • Log in to your Upstox account, using your six-digit PIN
  • After logging in, click on ā€˜Discoverā€™
  • On the ā€˜Discoverā€™ tab, you will find the ā€˜Invest in IPOā€™ section
  • Under the Invest in IPO section, look for the ā€˜Knack Packaging IPOā€™ tab and click on it
  • Now fill in all the required information, like ā€˜bid priceā€™ and ā€˜lot sizeā€™
  • Confirm and click on ā€˜Applyā€™
  • Accept the mandate on your UPI app

**How to check the Knack Packaging IPO allotment status? **

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally completed on the next working day after an IPO closes.
Hereā€™s a step-by-step guide on how to check the Knack Packaging IPO allotment status:
  • Login to your Upstox account, using your six-digit PIN
  • After logging in, click on ā€˜Discoverā€™
  • On the ā€˜Discoverā€™ page, you will find the ā€˜Invest in IPOā€™ section
  • Under the Invest in IPO section, you will find the ā€˜View allā€™ option
  • Once you click on ā€˜View allā€™, you will be directed to the ā€˜IPOā€™ tab
  • In the ā€˜IPOā€™ tab, click on ā€˜My applicationsā€™
  • In ā€˜My applicationsā€™, under the History section, your Knack Packaging IPO allotment status will be mentioned

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Strength and Weakness

Technology-driven operations and supply chain

Through its in-house digital platform, named "Knack Galaxyā€, the company manages its procurement, production, dispatch and logistics, which gives real-time visibility of all key business activities. The platform is integrated with Microsoft CRM Dynamics 365 for order management and SAP S4 HANA for production planning and resource allocation, which helps to reduce manual errors and improve operational efficiency.

Strong product design

The company can produce complex bag designs with multi-layer lamination, valve closures, integrated handles and other customer-specific features. Its in-house ink kitchen and imported spectrophotometer ensure accurate colour matching and consistency across production batches.

Long-term customer relationships

Its customer-focused approach has helped improve its customer retention ratio to 88.3% in FY26 from 65.4% in FY25. The company has also maintained long-standing relationships with customers such as Sacos y Empaques Internacionales, KRBL Limited and Repi Soap and Detergent PLC, all of whom have been associated with the company since 2013.

Well-diversified global presence

The company has built a strong presence in both domestic and international markets, serving customers across 71 countries through its wholly-owned subsidiary, Knack Packaging SA (RF) Proprietary Limited, in South Africa. In FY26, exports contributed 56.30% of revenue from operations, while domestic sales contributed 43.70%.

Objectives of Knack Packaging Limited IPO

Capital expenditure
84.20%
The company will use ā‚¹320 crore to set up new manufacturing facility at Kadi, Mehsana, Gujarat.
General corporate purposes
15.70%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses.

Compare

CompanyRevenue*3Y growthPATP/E ratioD/E ratio
This IPOā‚¹823.4Cr12.10%ā‚¹92.7Cr18.340.62
This sector (avg.)ā‚¹548.46Cr0.02%ā‚¹22.31Cr26.760.72
ā‚¹2,528.82Cr---ā‚¹322.41Cr11.490.26
ā‚¹15,036.1Cr---ā‚¹142.36Cr8.551.13
ā‚¹1,770.26Cr---ā‚¹143.01Cr18.731.01

*Revenue for financial year 2025-26. Lower P/E and D/E ratios are generally preferred.

Knack Packaging Limited Contact Details

Company NameKnack Packaging Limited

How to apply for Knack Packaging Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Knack Packaging Limited IPO FAQs

Investors can apply for the Knack Packaging Limited through their Demat account via the stock exchange or through their broker.
The issue size of the Knack Packaging Limited is 439 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Knack Packaging Limited will be open between 2026-07-01 and 2026-07-03.
Knack Packaging Limited allotment date is 2026-07-07. For Knack Packaging Limited allotment status check, you can visit the website of the registrar of the IPO.
For Knack Packaging Limited, the IPO registrar is MUFG Intime India Private Limited. You can check Knack Packaging Limited allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Knack Packaging Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Knack Packaging Limited lot size is 88 and minimum order quantity is 88.
Knack Packaging Limited has set the price band for its IPO at 170 per equity share with a face value of 10.