Knack Packaging Ltd. Receives SEBI Approval for IPO
Knack Packaging Ltd. has successfully obtained in-principle approval from Initial Public Offer (IPO) for its Draft Red Herring Prospectus (DRHP), paving the way for its Initial Public Offering (ipo).
includes a fresh issue of 2.24 crore equity shares aggregating to ₹380.00 crores and an offer for sale (OFS) of 0.35 crore equity shares worth ₹59.50 crores. with each share carrying a face value of ₹10.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat. | 320.00 |
| 2 | General Corporate Purposes | |
| Total | 320.00 |
The company officially filed its draft papers on September 4, 2025, marking another significant milestone in its journey towards raising funds through the IPO.
Financial Performance Highlights:
Knack Packaging Ltd.’s total income grew by 12%, reached ₹843.77 crore in Mar 31, 2026, compared to ₹747.38 crore in Mar 31, 2025.
Profit after tax jumped 25% to ₹92.72 crore, compared to ₹73.81 crore.
