Knack Packaging IPO vs Turtlemint Fintech Solutions IPO

Comparison between Knack Packaging IPO and Turtlemint Fintech Solutions IPO.

IPO Details

Knack Packaging IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Turtlemint Fintech Solutions IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Knack Packaging IPO is up to ₹439.50 Cr whereas the issue size of the Turtlemint Fintech Solutions IPO is up to ₹882.67 Cr. The final issue price of Knack Packaging IPO is ₹170.00 per share and of Turtlemint Fintech Solutions IPO is ₹152.00 per share.

 Knack Packaging IPOTurtlemint Fintech Solutions IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹161.00 per share₹144.00 per share
Issue Price (Upper)₹170.00 per share₹152.00 per share
Issue Price (Final)₹170.00 per share₹152.00 per share
Discount (Retail)
Discount (Employee)₹16.00 per share
Market Lot Size88 shares98 shares
Fresh Issue Size2,23,65,164 shares4,34,68,552 shares
Fresh Issue Size (Amount)up to ₹380.03 Crup to ₹660.72 Cr
OFS Issue Size35,00,000 shares1,46,01,846 shares
OFS Issue Size (Amount)up to ₹59.47 Crup to ₹221.95 Cr
Issue Size Total2,58,65,164 shares5,80,70,398 shares
Issue Size Total (Amount)up to ₹439.50 Crup to ₹882.67 Cr

IPO Timetable

Knack Packaging IPO opens on Jul 01, 2026, while Turtlemint Fintech Solutions IPO opens on Jun 19, 2026. The closing date of Knack Packaging IPO and Turtlemint Fintech Solutions IPO is Jul 03, 2026, and Jun 23, 2026, respectively.

 Knack Packaging IPOTurtlemint Fintech Solutions IPO
Anchor Bid DateJun 30, 2026Jun 18, 2026
Issue OpenJul 01, 2026Jun 19, 2026
Issue CloseJul 03, 2026Jun 23, 2026
Basis Of Allotment (Tentative)Jul 06, 2026Jun 24, 2026
Initiation of Refunds (Tentative)Jul 07, 2026Jun 25, 2026
Credit of Share (Tentative)Jul 07, 2026Jun 25, 2026
Listing date (Tentative)Jul 08, 2026Jun 29, 2026
Anchor Lockin End date 1Aug 04, 2026Jul 23, 2026
Anchor Lockin End date 2Oct 03, 2026Sep 21, 2026

Financials & KPIs

Knack Packaging IPO P/E ratio is 18.33, as compared to Turtlemint Fintech Solutions IPO P/E ratio of -19.66.

 Knack Packaging IPOTurtlemint Fintech Solutions IPO
Financials

Company Financials (Restated Consolidated)

Knack Packaging Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended31 Mar 202631 Mar 202531 Mar 202431 Mar 2023
Assets595.25449.36379.38269.33
Total Income843.77747.38659.01518.47
Profit After Tax92.7273.8145.9819.87
EBITDA172.29144.34101.3754.84
NET Worth308.19214.71140.6295.34
Reserves and Surplus208.19209.71135.6290.34
Total Borrowing192.47172.06173.09122.66
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202531 Mar 202531 Mar 202431 Mar 2023
Assets467.14578.69612.55900.37
Total Income748.91693.21119.12460.11
Profit After Tax-187.39-194.11-193.35-288.18
EBITDA81.5882.43
NET Worth295.68410.46563.80743.45
Reserves and Surplus288.77408.88562.22741.87
Total Borrowing0.000.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.6017.05
Promoter Shareholding (Post-Issue)70.5913.10
P/E Ratio18.33-19.66
Market Cap₹4476.08 Cr.
ROE35.75-95.18
ROCE46.71-59.09
Debt/Equity0.620.15
EPS₹9.27₹-7.73
RoNW35.47-47.29

Shares Offered

In the Knack Packaging IPO Retail Individual Investors (RII) are offered 90,07,353 shares while in Turtlemint Fintech Solutions IPO retail investors are offered 90,07,353 shares. Qualified Institutional Buyers (QIB) are offered 51,47,059 shares in Knack Packaging IPO and 1,74,21,120 shares in Turtlemint Fintech Solutions IPO.

 Knack Packaging IPOTurtlemint Fintech Solutions IPO
Anchor Investor Reservation77,20,587 shares2,61,31,680 shares
Market Maker Reservation0 shares0 shares
QIB51,47,059 shares1,74,21,120 shares
NII38,60,295 shares87,10,559 shares
RII90,07,353 shares58,07,039 shares
Employee1,29,870 shares0 shares
Others
Total2,58,65,164 shares5,80,70,398 shares

Bids Received (Subscription)

Knack Packaging IPO subscribed 61.11x in total, whereas Turtlemint Fintech Solutions IPO subscribed 0.68x.

 Knack Packaging IPOTurtlemint Fintech Solutions IPO
QIB (times)160.03x1.63x
NII (times)146.57x0.55x
Big NII (times)163.83x0.54x
Small NII (times)112.04x0.56x
RII (times)21.08x1.11x
Employee (times)9.84x
Other (times)
Total (times)61.11x0.68x

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Knack Packaging IPO Vs Turtlemint Fintech Solutions IPO