Knack Packaging IPO 2026: Dates, Price Band, Lot

IPO opens July 1 with a Rs 161-170 band

Knack Packaging, a Gujarat-based packaging solutions provider and maker of woven polypropylene bags, is set to open its initial public offering (IPO) for public subscription on July 1, 2026. The issue will close on July 3, 2026. The company has fixed a price band of Rs 161 to Rs 170 per equity share with a face value of Rs 10. The IPO is positioned as the first mainboard public issue scheduled to hit the market in July. At the upper end of the band, the total issue is expected to aggregate to Rs 439.5 crore. The company is promoted by the Patel family, as per the issue details.

Issue size, structure, and how the money flows

The IPO is a book-built issue aggregating up to Rs 439.5 crore. It includes a fresh issue of shares aggregating up to Rs 380 crore, with the proceeds going to the company. The offer for sale (OFS) component comprises 35,00,000 shares aggregating up to Rs 59.5 crore, which will accrue to the selling shareholders. Based on the disclosed share counts, the total issue size is 2,58,52,941 shares (aggregating up to Rs 439.5 crore), including a fresh issue of 2,23,52,941 shares (aggregating up to Rs 380 crore). At the upper end of the price band, the IPO is expected to value Knack Packaging at Rs 2,080 crore.

Timeline: anchor book, allotment, listing

The anchor book is scheduled to open for one day on June 30, 2026. The public issue will then be open from July 1 to July 3, 2026. The basis of allotment is expected to be finalised by July 6, 2026. Refunds are expected to be initiated on July 7, 2026, and shares are expected to be credited to demat accounts on the same day. The listing is anticipated on July 8, 2026, on both BSE and NSE.

Lot size and minimum application details

Investors can apply for a minimum of 88 equity shares and in multiples of 88 shares thereafter. This lot size applies across the categories specified in the issue details. The offer also includes a specific employee reservation portion. Knack Packaging has reserved shares worth Rs 2 crore for employees. Eligible employees will be offered shares at a discount of Rs 16 to the final offer price.

Category-wise allocation: QIB, NII, and retail

The IPO has a defined allocation split among investor categories. Of the total offer, up to 50% has been reserved for qualified institutional buyers (QIBs). At least 15% is reserved for non-institutional investors (NIIs). At least 35% of the offer is reserved for retail investors. These allocations are part of the book-building structure disclosed for the issue. The issue structure and timeline indicate a typical sequencing of anchor allocation followed by the public subscription window.

Why the issue was scaled down from the earlier plan

The IPO structure has been scaled down from the company’s earlier proposal in its Draft Red Herring Prospectus (DRHP). As per the DRHP filed with SEBI in September 2025, the company earlier proposed a fresh issue of Rs 475 crore and an offer for sale of 70 lakh shares. The capital markets regulator approved the IPO papers in December 2025. The final structure now stands at a Rs 380 crore fresh issue and an OFS of 35 lakh shares, taking the expected total to Rs 439.5 crore at the top of the band.

Use of proceeds: new Borisana facility in Gujarat

Knack Packaging has outlined the primary use of the fresh issue proceeds. The company plans to use Rs 320 crore from the fresh issue to partly fund a new manufacturing facility at Borisana in Gujarat. This stated purpose is the main operational expansion plan linked to the capital raise. The remaining fresh issue amount, beyond the stated Rs 320 crore allocation, has not been detailed further in the provided information.

Key IPO facts at a glance

What investors should track during the three-day window

With the price band and dates in place, investors typically track subscription across QIB, NII, and retail categories during July 1-3. The employee reservation portion, including the Rs 16 discount to the final offer price, is another feature that may be relevant for eligible applicants. The scaled-down structure versus the earlier DRHP plan is also a notable change in the final offer. The most concrete operational linkage disclosed for the raise is the Rs 320 crore planned for the Borisana facility.

Conclusion

Knack Packaging’s Rs 439.5 crore IPO opens on July 1, 2026, with a Rs 161-170 price band and a minimum application size of 88 shares. The issue combines a Rs 380 crore fresh issue with an OFS of 35 lakh shares, and the company plans to deploy Rs 320 crore towards a new Borisana manufacturing facility in Gujarat. The anchor book opens on June 30, allotment is expected by July 6, and the shares are expected to list on BSE and NSE on July 8.