Knack Packaging IPO 2026: Dates, Price Band, Lot Size

IPO opens July 1 with ₹439.50 crore target

Knack Packaging Ltd’s initial public offering opens for public subscription on July 1, 2026, bringing a mid-sized manufacturing IPO to the primary market. The company is looking to raise ₹439.50 crore through the issue. The offer structure combines a fresh issue of equity shares and an offer for sale (OFS) by existing promoters. The IPO is proposed to be listed on both the BSE and the NSE. The subscription window is scheduled to close on July 3, 2026.

What Knack Packaging makes and where it operates

Knack Packaging is described as a Gujarat-based manufacturer of printed and laminated woven polypropylene (PLWPP) bags and PLWPP pinch bottom bags. The IPO documents and market reports cited alongside the offer frame the company as a packaging solutions provider. The proceeds from the fresh issue are earmarked for capacity creation and corporate needs. Specifically, the company plans to partially finance the establishment of a new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat. Any remaining fresh issue proceeds are intended for general corporate purposes.

Issue structure: fresh issue plus OFS

The IPO comprises a fresh issue of 2.24 crore equity shares aggregating to ₹380 crore. Alongside it is an offer for sale of up to 35 lakh equity shares worth ₹59.50 crore by existing promoters. The red herring prospectus (RHP) notes that the company will not receive any proceeds from the OFS, as those funds will go to the selling shareholders. In other words, only the fresh issue portion contributes capital to the company’s balance sheet. The overall issue size is also referenced in some places as ₹439 crore and in a separate summary as ₹439.71 crore, reflecting slight reporting differences across sources.

Price band, valuation and what investors need to pay

The IPO is priced in the range of ₹161 to ₹170 per share. At the upper end of the band, the company is valued at about ₹2,080 crore, as cited in the offer details. The minimum bid is 88 shares and bids must be in multiples of 88 thereafter. At ₹170 per share, a single retail lot costs ₹14,960. For retail investors applying for the maximum permissible 13 lots or 1,144 shares, the investment amount is ₹1,94,480.

Grey market premium: mixed signals across trackers

Unlisted market activity around the issue has been mixed in the reporting available. One set of sources tracking unofficial trades said the unlisted shares were changing hands around ₹193, implying a grey market premium (GMP) of ₹23, or 13.53% over the upper issue price of ₹170. Other market observers cited the GMP at ₹15 on the day, while another update mentioned a GMP of ₹5. These figures reflect different snapshots of unofficial market interest and can vary by timing and participant quotes. GMP is not an official indicator and does not form part of exchange pricing or allotment.

Key dates: close, allotment and listing

The public issue closes on July 3, 2026. The basis of allotment is expected to be finalised on July 6, 2026, as stated in the schedule cited with the offer. Separately, some tracking notes mention July 4, 2026 as a tentative allotment date and then point out that since July 4 is a Saturday, the finalisation may occur on Monday, July 6, 2026. Shares are scheduled to list on July 8, 2026. The listing is proposed on both the NSE and the BSE.

Intermediaries: lead managers and registrar

The book-running lead managers (BRLMs) named for the issue are Systematix Corporate Services Ltd., IDBI Capital Markets & Securities Ltd., and Pantomath Capital Advisors Pvt. Ltd. The registrar mentioned for the book-built issue is MUFG Intime India Private Ltd. These intermediaries handle the IPO process, including book building, allotment processing, and issue administration. Investors typically rely on these official channels and exchange filings for the final terms and schedules.

How the fresh issue proceeds will be used

According to the RHP summary cited, the company intends to use the funds from the fresh issue to partially finance a new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat. The remaining use of proceeds is listed as general corporate purposes. The OFS portion does not add funds to the company, since the proceeds go to the selling shareholders. For investors assessing the issue, this split matters because the fresh issue can support expansion, while OFS is a change in ownership and liquidity for existing holders.

Market impact: what the numbers say right now

The offer’s pricing and the reported grey market quotes set the near-term narrative. With the upper price band at ₹170, a reported GMP range of ₹5 to ₹23 suggests that unofficial expectations have moved across different updates. One IPO tracker also cited an estimated listing price of ₹190 based on adding the day’s GMP to the cap price, and noted an expected percentage gain or loss per share of 11.76% on that basis. These are estimates tied to the cited GMP, not confirmed outcomes. The more concrete market inputs for investors remain the price band, lot size, issue structure, and use of proceeds disclosed in the filings.

Key IPO details at a glance

Conclusion: what to track through July 8

Knack Packaging’s IPO brings a ₹439.50 crore fundraise with a ₹161-170 price band, combining a ₹380 crore fresh issue and a ₹59.50 crore OFS. The schedule points to closure on July 3, allotment finalisation around July 6, and listing on July 8 on the NSE and BSE. Investors focusing on fundamentals and execution will likely watch how the fresh issue is deployed toward the Borisana manufacturing facility and general corporate purposes. In the near term, the key confirmed checkpoints are the close of bidding, final allotment, and the listing date, while grey market quotes remain unofficial and variable.