Knack Packaging IPO opens July 1: Check price band, lot size, objectives and key dates

Knack Packaging will launch its ₹439.71 crore initial public offering for subscription on July 1. The issue will end on July 3. The price band has been fixed at ₹161 to ₹170 per share.

The initial share sale is a combination of fresh issuance of shares valued at ₹380.21 crore and an offer for sale (OFS) component of ₹59.50 crore.

The funds generated will be utilised for establishing a new manufacturing unit at Gujarat's Mehsana and general corporate purposes.

"Our company expects to receive the benefits of listing of the equity shares on the stock exchanges including enhancement of our company’s visibility, brand image among our existing and potential customers and creation of a public market for our equity shares in India," according to the red herring prospectus.

The minimum investment for a retail investor is 88 shares and in multiples thereof. Half of the issue is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Systematix Corporate Services, Pantomath Capital Advisors and IDBI Capital Markets & Securities are the issue's book-running lead managers, while MUFG Intime India is the registrar.

The company's shares will be listed on the National Stock Exchange (NSE) and the BSE.

Knack Packaging IPO timeline

Knack Packaging is among leading integrated, innovation-orientated, export-led packaging solutions providers, providing various packaging solutions, including Printed and Laminated Woven Polypropylene (PLWPP) pinch-bottom bags and printed and laminated woven polypropylene bags that are used for sectors, including food products and pet foods.

It holds a market share of 10.1% in the domestic market for flexible bulk PLWPP bags in the financial year 2024-25, according to the Technopark Report.

It also provides add-on solutions like circular & back seam construction, half, full & register windows, heat cut, zig-zag cut, and blade cut, offering customers enhanced and customised packaging options.