Ahmedabad: Knack Packaging Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) as it prepares to launch its Initial Public Offering (Knack Packaging IPO).
The proposed Knack Packaging IPO comprises a Fresh Issue worth up to ₹4,750 million (₹475 crore) and an Offer for Sale (OFS) of up to 70,00,000 equity shares.
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Market Position and Product Portfolio
Knack Packaging is one of India’s leading integrated and innovation-driven packaging solutions providers. The company specializes in Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP Pinch Bottom bags, catering to domestic and international markets.
According to a Technopak Report, the company holds an estimated 10.1% market share in India’s flexible bulk PLWPP bags segment, including pinch bottom bags, in Fiscal 2025.
PLWPP bags are widely used across industries such as food and pet food. They are known for providing durability, enhanced brand visibility, reduced counterfeiting risks, and improved operational efficiency.
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Utilization of Knack Packaging IPO Proceeds
The net proceeds from the Knack Packaging IPO will be used primarily for capital expenditure towards setting up a new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat. The estimated cost for the facility is ₹4,350 million (₹435 crore). The balance funds will be allocated to general corporate purposes.
Book Running Lead Managers
Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited, and Pantomath Capital Advisors Private Limited are serving as the Book Running Lead Managers (BRLMs) for the Knack Packaging IPO.
