Knack Packaging Limited IPO
Listed
83.04×
Subscribed
Price band
₹170 – ₹170
Open – close
01 Jul 2026
to 03 Jul 2026
Listing
08 Jul 2026
Listing gain
+10.59%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Caution6 of 7 dimensions read
The filing raises real questions — 2 of 7 signals read negative
Strength52/100
- Steady revenue growthRevenue compounding at 12.2%
- Profit growth outpaces salesPAT up 42.0% a year against revenue at 12.2% — check whether that is operating leverage or a one-off before extrapolating it
- High return on equityROE of 30.1%
- Conservative balance sheetDebt/equity of 0.62×
- Almost entirely an exit99.9% of the issue is an offer for sale — nearly all of the money goes to existing shareholders, not into the company
- 1 high-severity disclosure100% of the offer is an Offer for Sale, so most proceeds go to selling shareholders, not the company.
- Institutions bid heavilyQIB portion subscribed 154.34×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens01 Jul 2026
- Closes03 Jul 2026
- Listing08 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB154.34x
Non-institutionalNII / HNI139.61x
Retail individualRII19.56x
Chance of allotment
Retail19.56× subscribed
~1 in 19.6
Retail is 19.56× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 19.6 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII139.61× subscribed
~1 in 139.6
HNI is 139.61× subscribed. This category is allotted proportionately, so a bid receives roughly 1/139.6 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹11.5+6.8%
over the upper band · last seen 07 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹170 – ₹170
Fresh issue₹3.8k Cr
Offer for sale₹3,500k Cr
Company & valuation
Return on equity30.09%
Debt / equity0.62×
99.9% of this issue is an offer for sale. That money goes to existing shareholders selling their stake, not into the company. The business receives only the fresh-issue portion.
What the money is for
Stated use of the net proceeds
- 01Partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat₹3.2k Cr
- 02General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2024 | 654.559 | — | 45.977 | 140.622 | — |
| 2025 | 736.49 | — | 73.81 | 214.709 | — |
| 2026 | 823.434 | — | 92.724 | 308.185 | — |
Revenue CAGR 12.2%PAT CAGR 42.0%
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
Mostly an exithigh
100% of the offer is an Offer for Sale, so most proceeds go to selling shareholders, not the company.
mediumThe Company is significantly dependent on its top 10 suppliers for raw materials, with whom it does not have long-term contracts and purchases materials on a spot order basis. The top 10 suppliers accounted for 86.21%, 73.51%, and 76.99% of total raw materials purchased in Fiscal 2026, Fiscal 2025,
mediumThe Company is significantly dependent on its top 10 customers for revenue from operations, with whom it does not have any contractual arrangements. The top 10 customers accounted for 40.87%, 43.91%, and 44.16% of revenue from operations in Fiscal 2026, Fiscal 2025, and Fiscal 2024, respectively.
mediumThe Company does not have any contractual arrangements with its top 10 suppliers or top 10 customers. Consequently, suppliers may not be obligated to supply products to the Company or may choose to sell to competitors, and the Company may be unable to retain its top 10 customers.
Litigation
Except as stated below as on the date of this Red Herring Prospectus
Positives the filing discloses (1)
Healthy return on equity
ROE of 30.1%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+26.9%
Listed up
8 of 8
Best
+90.0%
Millworks Technologies
Worst
3.0%
Happy Steels
Caliber Mining and Logistics Limitedsame segment
146.4× sub+18.0%
Sotefin Bharatsame segment
3.8× sub+9.6%
Millworks Technologiessame segment
192.7× sub+90.0%
SBI Funds Management Limitedsame segment
41.6× sub+6.8%
Happy Steelssame segment
72.0× sub+3.0%
Devson Catalystsame segment
203.7× sub+66.2%
Kusumgar Limitedsame segment
127.9× sub+35.8%
IC Electricalssame segment
378.6× sub+67.7%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Knack Packaging Limited IPO GMP today?
The most recent grey-market premium recorded for Knack Packaging Limited is ₹11.5 per share — about 6.8% over the ₹170 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Knack Packaging Limited IPO subscribed?
Knack Packaging Limited is subscribed 83.04× overall (QIB 154.34×, NII 139.61×, retail 19.56×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Knack Packaging Limited IPO?
The retail portion is subscribed 19.56×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 20. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.