Knack Packaging shares made a strong stock market debut on Wednesday, listing at a premium over their issue price after the company’s initial public offering received robust investor participation.The stock debuted on the NSE at ₹188, a premium of 10.5 per cent over the IPO price of ₹170 per share. On the BSE, the shares listed at ₹186, reflecting a premium of 9.4 per cent to the issue price.The stock then moderated between ₹183-₹192.According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, the company is supported by healthy revenue growth, improving profitability, high return on equity and return on capital employed, robust operating margins and integrated manufacturing capabilities.However, she flagged customer concentration risk and execution of the new manufacturing facility as key factors to watch.Nyati maintained a positive post-listing view, recommending that investors who received allotment continue to hold the stock for potential upside with a stop-loss at ₹175, while fresh investors may consider entering on dips after monitoring upcoming quarterly performance.The ₹439.5-crore IPO was subscribed 83.33 times overall; received bids for 1,58,02,77,688 shares against 1,89,64,018 shares on offer, according to NSE data.The qualified institutional buyers category was subscribed 154.34 times, while the non-institutional investors portion saw subscription of 139.81 times. The retail investors category was subscribed 20.07 times.The company had raised ₹131.25 crore from anchor investors ahead of the issue opening for subscription.The public issue comprised a fresh issue of equity shares aggregating up to ₹380 crore and an offer-for-sale of up to 35 lakh equity shares worth ₹59.5 crore by existing shareholders.The IPO was offered in a price band of ₹161-170 per share.Knack Packaging said proceeds from the fresh issue will be used for setting up a new manufacturing facility at Borisana, Kadi, in Gujarat’s Mehsana district, while the remaining funds will be utilised for general corporate purposes.Headquartered in Ahmedabad, Knack Packaging is an integrated, innovation-driven and export-oriented packaging solutions provider. The company manufactures customised printed and laminated Woven Polypropylene bags and PLWPP pinch bottom bags for sectors including food products and pet foods.Published on July 8, 2026