Proceeds from the fresh issue will primarily fund a new manufacturing facility in Borisana, Gujarat, estimated at ₹320 crore.
Knack Packaging Limited’s initial public offering was subscribed 25.75 times overall as of 1:06 pm on Friday, the third and final day of bidding, with the issue closing at 5 pm. The IPO, priced at ₹161–₹170 per share, has a total issue size of ₹439.2 crore comprising a fresh issue of ₹379.7 crore and an offer for sale of ₹59.5 crore.The non-institutional investor (NII) category emerged as the strongest segment, subscribed 76.83 times against its reserved quota. Within this, bids above ₹10 lakh were covered 85.95 times, while the ₹2–10 lakh sub-category was subscribed 58.60 times. The qualified institutional buyer (QIB) portion was subscribed 13.55 times, with foreign institutional investors bidding for 75.34 lakh shares and others accounting for the bulk at 6.47 crore shares. Retail individual investors subscribed their category 11.02 times, while the employee reserved portion was covered 6.57 times.The Gujarat-based company manufactures printed and laminated woven polypropylene bags and serves customers across 68 countries. It reported revenues of ₹823 crore in FY26, with an EBITDA margin of 18.5 per cent and adjusted PAT of ₹92.8 crore. Exports accounted for 56 per cent of total revenue, with the US alone contributing 24 per cent.Geojit Investments assigned a “Subscribe” rating. The brokerage noted that at the upper price band of ₹170, the stock is valued at approximately 22.4 times FY26 earnings, which it described as reasonable given the company’s growth trajectory, diversified end-user base, and international presence. The firm cited strong return ratios — ROE of 36 per cent and ROCE of 27 per cent — as additional positives for medium- to long-term investors.Proceeds from the fresh issue will primarily fund a new manufacturing facility in Borisana, Gujarat, estimated at ₹320 crore.Published on July 3, 2026
