Initial Public Offering (IPO) filing: Knack Packaging from Gujarat submits draft papers to Securities and Exchange Board of India (Sebi) for fundraising via public issue - Find out more

Initial Public Offering (IPO) filing: Knack Packaging from Gujarat submits draft papers to Securities and Exchange Board of India (Sebi) for fundraising via public issue - Find out more

Knack Packaging Ltd, a packaging solutions provider based in Ahmedabad, Gujarat, has announced its plans to raise funds from the Indian stock market through a book-built public issue. The company is offering a fresh issue of equity shares worth ₹475 crore and up to 70,00,000 equity shares through an offer for sale (OFS).

As of 31 March 2025, the company's net worth stood at ₹214.70 crore, and its net profit for the same period was ₹73.81 crore. For the financial year 2024-25, the company's revenue from operations stood at ₹736.49 crore.

The public issue is aimed at raising funds for capital expenditure towards setting up a new manufacturing facility at Borisana, Gujarat, and for general corporate purposes. The company caters to multiple sectors, including food products and pet foods.

MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is the registrar to the offer. Systematix Corporate Services, IDBI Capital Markets & Securities, and Pantomath Capital Advisors are the book-running lead managers of the public issue. JPMorgan Chase and Credit Suisse are the banks involved as lead bookrunners for the Knack Packaging IPO.

The promoter group and others selling stakeholders in the IPO include Tulsibhai Keshavlal Patel, Patel Kamlesh Ambalal, Dharmisthaben Pravinbhai Patel, Shital Alpesh Patel, Divyaben Rashminkumar Patel, Shitalben Kamlesh Patel, and Patel Jay Pravinkumar. The promoters selling stakeholders of the public issue are Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel.

Knack Packaging's portfolio includes Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch-bottom bags. The company's website claims its bags are known for their perfect finish, long-lasting build, high quality, and lightweightness.

The company aims to utilise ₹435 crore from the fresh issue to fund its capital expenditure towards setting up the new manufacturing facility at Borisana, Gujarat. The rest of the funds from the public issue will be utilised for general corporate purposes.

Knack Packaging filed its preliminary draft papers with the Securities and Exchange Board of India (Sebi) on 4 September 2025. The IPO is expected to provide a significant boost to the company's growth and expansion plans.

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