Knack Packaging IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 518.47 | 659.01 | 747.38 | 843.77 |
| Expense | 492.18 | 597.26 | 648.15 | 716.69 |
| Profit (PAT) | 19.87 | 45.98 | 73.81 | 92.72 |
| Total Assets | 269.33 | 379.38 | 449.36 | 595.25 |
| Company | EPS | P/E | RoNW % | NAV |
|---|---|---|---|---|
| Time Technoplast Limited | 9.99 | 17.86 | 13.37 | 84.40 |
| TCPL Packaging Limited | 107.47 | 28.19 | 14.34 | 791.28 |
| Mold-tek Packaging Limited | 21.93 | 31.83 | 10.98 | 207.57 |
Promoters: Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 10,00,00,000 | 89.60% |
| Promoter Holding Post Issue | – | 70.59% |
Strengths & Risks
- Solid profit margin — 11.0%.
- Strong return on equity — 36%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Grey-market premium is slipping during the bidding window.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Knack Packaging is one of the leading manufacturers of printed and laminated woven polypropylene (PLWPP) bags and PLWPP pinch bottom bags. It is an innovative packaging solutions provider that makes customised and high-strength PLWPP bags. Its products are useful to a wide range of industries, including food, pet food, agriculture, chemicals, fertilisers, building materials, and other industrial applications. The company manufactures packaging products all under one roof, from raw materials to finished goods, enabling it to make products with better quality and lower costs. Its manufacturing facility is situated in Gujarat, covering 1.12 million sq. ft with a capacity of 36,400 MTPA. Moreover, Knack Packaging has also maintained strong relationships with well-known domestic and international brands such as Cargill, KRBL, Drools, and Ebro Foods.
| Purpose | Amount (Cr) |
|---|---|
| Capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat. | 320.00 |
| General Corporate Purpose | - |
Resources & Documents
Knack Packaging Ltd., 330/A, Kalasagar Shopping Hub,, Opp Saibaba Temple,, Satadhar Cross Road, Ghatlodiya, Ahmedabad, Gujarat, 380061
Knack Packaging has set a price band of Rs 161–Rs 170 per share for an issue size of Rs 440 crore. The Mainboard issue is scheduled to open for subscription on July 01, 2026 — 6 days from now.
Knack Packaging is one of the leading manufacturers of printed and laminated woven polypropylene (PLWPP) bags and PLWPP pinch bottom bags. It is an innovative packaging solutions provider that makes customised and high-strength PLWPP bags.
The issue is promoted by Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel with Systematix Corporate Services Ltd., IDBI Capital Markets & Securities Ltd., Pantomath Capital Advisors Pvt.Ltd. acting as lead manager. Net proceeds will primarily be used towards Capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat. (Rs 320 crore) and General Corporate Purpose.
Grey market is quoting a premium of +Rs 13 (+7.7% over issue price).
On fundamentals, the company is posting revenue growth of 12.9%, a profit margin of 11.0%, return on equity of 35.8% in its most recent reported period. Listed peers in this segment include Time Technoplast Limited (P/E 17.86x) and TCPL Packaging Limited (P/E 28.19x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Neutral stance — the data is mixed and the risk-reward is balanced rather than one-sided. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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