Knack Packaging IPO 2026: Dates, price band and size

IPO opens July 1 as July’s first mainboard issue

Knack Packaging Ltd, a packaging solutions provider and manufacturer of woven polypropylene bags, is set to open its initial public offering (IPO) for public subscription on July 1, 2026. The issue will remain open until July 3. The Gujarat-based company is promoted by the Patel family. The IPO is sized at about ₹440 crore and comes at a time when the primary market calendar is closely tracked for new mainboard launches.

The company has fixed a price band of ₹161 to ₹170 per share. At the upper end, the IPO is expected to raise about ₹439.5 crore and value Knack Packaging at ₹2,080 crore. The offer structure includes both a fresh issue and an offer for sale (OFS) by promoters.

Price band, valuation and what investors are paying for

The IPO price band is set at ₹161 to ₹170 per equity share. The face value of each equity share is ₹10. At ₹170 per share, the company’s implied valuation is stated at ₹2,080 crore.

For investors, the pricing sets the range at which bids can be placed during the subscription window. With a book-built issue format, bids are typically collected across the price band, and the final issue price is discovered based on demand within that band.

Issue structure: fresh issue plus promoter OFS

Knack Packaging plans to raise ₹380 crore through a fresh issue of shares. This portion will accrue to the company. Separately, promoters will sell 35 lakh shares through an OFS worth ₹59.5 crore.

The total issue size at the top end is indicated at about ₹439.5 crore, aligning with the widely cited “₹440 crore” issue size. The mix matters for investors because the fresh issue funds the company’s stated plans, while the OFS represents an exit or partial monetisation by existing shareholders.

Key IPO dates: anchor, subscription, allotment and listing

The one-day anchor book is scheduled to open on June 30. The public issue will open on July 1 and close on July 3. Knack Packaging is expected to finalise the basis of allotment by July 6.

As per the tentative schedule provided, refunds are expected to be initiated on July 7, and shares are also expected to be credited to demat accounts the same day. The company’s shares are expected to list on the stock exchanges on July 8.

How much retail investors need: lot size and minimum amount

The IPO lot size is 88 equity shares, and bids can be placed in multiples of 88 thereafter. At the upper end of the price band (₹170), one lot works out to ₹14,960 (88 x ₹170). This is the minimum application size for retail bidders based on the stated lot size and price band.

The company’s IPO is expected to list on both BSE and NSE, as indicated in the issue details.

Issue allocation: QIB, NII and retail reservations

The IPO reserves not more than 50% of the shares for qualified institutional buyers (QIBs). It allocates not less than 15% to non-institutional investors (NIIs). Not less than 35% of the offer is reserved for retail investors.

These reservation thresholds shape how demand in each category influences the overall subscription and allotment outcomes. Retail allotment will be determined within the retail portion, subject to valid bids and the final basis of allotment.

Where the money goes: Gujarat capacity expansion plan

A key purpose of the IPO is expansion. Knack Packaging has indicated it plans to use ₹320 crore, the bulk of the fresh issue proceeds, to partially fund a new manufacturing facility in Borisana, Gujarat.

The proposed facility is intended to produce printed and laminated woven polypropylene (PLWPP) bags and specialised pinch-bottom bags. The emphasis on a new plant and additional product lines suggests the company is positioning its manufacturing footprint for higher capacity and a wider product mix, based on the described plan.

Regulatory and process backdrop

SEBI granted approval for the IPO papers in December 2025, as stated in the provided details. With approvals in place, the company has now moved to announce its subscription dates, anchor book opening, and listing timeline.

For primary market participants, this sequence is standard: regulatory clearance, finalisation of price band and offer structure, anchor allocation, public subscription, allotment, and listing.

Intermediaries and administrative details

The registrar for the IPO is MUFG Intime India Pvt. Ltd., as mentioned in the issue details. The book-running lead managers named include Systematix Corporate Services, IDBI Capital Markets and Securities, and Pantomath Capital Advisors.

The issue is described as a 100% book-built issue. The shares are expected to list on BSE and NSE.

Key facts table

Why this IPO matters for the packaging segment

Knack Packaging’s IPO is positioned as the first mainboard public issue of July. The stated use of proceeds, particularly the ₹320 crore allocation towards a new Gujarat facility, keeps the focus on capacity creation rather than general corporate purposes within the provided information.

For investors tracking manufacturing and packaging plays, the IPO offers exposure to woven polypropylene bags and planned additions such as printed and laminated variants and pinch-bottom bags. Market participants will also watch how demand shapes pricing within the ₹161 to ₹170 band and how the institutional and retail books build during July 1 to July 3.

Conclusion

Knack Packaging’s ₹440 crore IPO opens July 1 and closes July 3, with an anchor book on June 30 and a price band of ₹161 to ₹170 per share. The issue combines a ₹380 crore fresh issue and a ₹59.5 crore OFS of 35 lakh shares, implying a ₹2,080 crore valuation at the top end. Allotment is expected by July 6 and listing is expected on July 8 on BSE and NSE, based on the stated timeline.