Knack Packaging Limited Files DRHP with SEBI for IPO, Plans to Raise ₹475 Crore by Fresh Issue

Ahmedabad-based Knack Packaging Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The company plans to raise ₹475 crore through a fresh issue, while the promoters and investors will be selling up to 70 lakh equity shares via offer-for-sale (OFS).

Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel and Rashminbhai Tulsibhai Patel are the promoters selling shareholders for the Knack Packaging IPO. 

Knack Packaging Limited - IPO Details

According to the DRHP, 

• The Knack Packaging IPO will be a book-building IPO, comprising a fresh issue of ₹475 crore and an offer for sale (OFS) of 70 lakh equity shares, each with a face value of ₹10.
• The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.
• Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited and Pantomath Capital  Advisors Private Limited are the book-running lead managers of the public issue.
• MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar for the Knack Packaging Limited IPO.

Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds from the fresh issue for the following purposes:

• Capital expenditure towards setting up a new manufacturing facility at Borisana, situated at Kadi, Mehsana, Gujarat (“Project Site”).
• General corporate purposes.

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About Knack Packaging Limited

Knack Packaging Limited is an integrated, innovation-driven packaging solutions provider headquartered in Ahmedabad. The company specialises in high-strength Printed & Laminated Woven Polypropylene (PLWPP) bags and PLWPP pinch-bottom bags, offering features like six-sided branding, laser-cut easy-open closures, and anti-counterfeit elements such as RFID, QR codes, and hot stamping.

Financially, Knack Packaging delivered revenue of ₹736.5 crore in FY25, with Profit After Tax (PAT) increasing to ₹73.8 crore.

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