Knack Packaging IPO 2026: dates, price band, size

IPO opens July 1 as July’s first mainboard issue

Packaging solutions provider Knack Packaging is set to open its initial public offering (IPO) for public subscription on July 1, 2026, and close on July 3, 2026. The issue is positioned as the first mainboard IPO of July. The Gujarat-based company is promoted by the Patel family and is described as a manufacturer of woven polypropylene bags.

The IPO is book-built and comes with a price band of ₹161 to ₹170 per equity share (face value ₹10). At the upper end of the band, the total issue size works out to ₹439.5 crore, which is commonly rounded to ₹440 crore.

Key dates: anchor, subscription, allotment, listing

The IPO schedule includes a one-day anchor book opening on June 30, ahead of the three-day public subscription window. The company is expected to finalise the basis of allotment by July 6. Listing is anticipated on both the BSE and NSE on July 8.

These dates matter because they define the timeline for fund flows and the period within which retail investors can place bids. They also indicate when successful applicants may see shares credited to their demat accounts.

Price band, lot size, and minimum investment

Knack Packaging has fixed the price band at ₹161 to ₹170 per share. The lot size is 88 shares and bids can be made in multiples of 88 shares thereafter. Based on the upper price band of ₹170, the minimum application amount for a single lot comes to ₹14,960 (88 x ₹170).

As a book-built issue, investors bid within the stated band rather than at a fixed price. Final pricing is determined after the book-building process based on demand across categories.

Issue size and structure: fresh issue plus OFS

The IPO consists of two components:

• Fresh issue: ₹380 crore
• Offer for sale (OFS): Promoters selling 35 lakh shares worth ₹59.5 crore

Together, these translate into a total issue size of about ₹439.5 crore at the upper end of the price band. The fresh issue portion raises capital for the company, while the OFS represents a sale by existing shareholders.

Valuation indicated at the upper price band

At ₹170 per share, the IPO is expected to value Knack Packaging at ₹2,080 crore, as per the details provided. This valuation is an important reference point for investors comparing the offer price to the company’s size and the broader packaging and industrial manufacturing space.

While valuations are often debated around listing time, the stated figure clarifies the company’s implied market capitalisation at the top end of the band.

Allocation split across investor categories

The IPO includes reservations across investor classes, with the following stated limits:

• Qualified Institutional Buyers (QIBs): not more than 50% of the issue
• Non-institutional investors (NIIs): not less than 15%
• Retail investors: not less than 35%

This allocation framework shapes how demand is distributed and how oversubscription, if any, may affect allotment probabilities within each category.

Where the stock is expected to list

The shares are expected to list on BSE and NSE on July 8. For investors, the listing venue matters mainly for liquidity and price discovery, given the broader participation and trading volumes typically associated with mainboard listings on the two exchanges.

The company is expected to complete allotment-related steps before listing, including refunds for unsuccessful applicants and demat credit for successful ones, as per the tentative timeline provided.

Grey market signals: GMP mentioned, but unofficial

The article also cites a grey market premium (GMP) of ₹19–₹20 as of June 24, 2026. Based on the upper price band of ₹170, it mentions an estimated listing price of ₹189, implying a potential gain of around 11%.

GMP is an unregulated, unofficial indicator and can change quickly. Investors typically treat it as a sentiment check rather than a reliable predictor of listing performance.

Market impact: what the numbers indicate

Knack Packaging’s IPO brings a ₹440 crore mainboard issue to the market at the start of July, with a defined split between fresh capital and promoter exit. The fresh issue size of ₹380 crore is the larger component, while the OFS is set at 35 lakh shares worth ₹59.5 crore.

From a market mechanics perspective, the price band, lot size (88 shares), and the stated category allocations provide clarity on how participation is structured. The valuation of ₹2,080 crore at the upper band sets the benchmark against which post-listing moves may be assessed by market participants.

Why this IPO will be watched

As the first mainboard issue of July, the Knack Packaging IPO will be monitored for subscription trends across QIBs, NIIs, and retail bidders. The anchor book opening on June 30 is an early checkpoint, since anchor participation is often used to gauge institutional appetite for the offer.

The stated timeline also keeps the turnaround tight, with allotment expected by July 6 and listing expected on July 8, leaving little gap between closure and listing.

Conclusion

Knack Packaging’s book-built IPO opens on July 1 and closes on July 3 with a ₹161–₹170 price band, a ₹380 crore fresh issue, and a 35 lakh-share OFS worth ₹59.5 crore. The anchor book is scheduled for June 30, allotment is expected by July 6, and listing is anticipated on BSE and NSE on July 8.