Knack Packaging Rs 440 Crore IPO From July 1
The Knack Packaging company has pan-India presence and also exports its products to 71 countries.
Knack Packaging announced Rs 439 crore initial public offering in the price band of Rs 161 to Rs 170 per equity share of Rs 10 face value each. The public issue opens on July 1 and closes on July 3, 2026. The public offer comprises a fresh issue of Rs 380 crore and an offer for sale of 3.5 million equity shares by promoter group and other selling shareholders. The net proceeds from the fresh issue( Rs 320 crore) will be used to fund the company's expansion plans - new manufacturing plant in Borisana, Kadi in Mehsana, Gujarat.
Incorporated in 2013, Knack Packaging manufactures bulk flexible packaging solutions, with installed capacity of 43,300 metric tonne per annum of woven polypropylene bags, printed and laminated woven polypropylene(PLWPP) bags, PLWPP pinch bottom bags and others at its plants in Gujarat. The company has pan-India presence and also exports its products to 71 countries.