About Knack Packaging
Knack Packaging is an integrated, export-led packaging solutions provider which offers a diverse range of services, including Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP Pinch Bottom bags that are customised, high-strength packaging solutions for a wide range of sectors, including food products and pet foods.
Quoting a Technopak report, the company’s DRHP claims to hold approximately 10.1% of market share in the Indian market for flexible bulk PLWPP bags, including PLWPP pinch bottom bags in Fiscal 2025.
Selling shareholders
In the OFS, promoters Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, Rashminbhai Tulsibhai Patel, Tulsibhai Keshavlal Patel, Patel Kamlesh Ambalal, Dharmisthaben Pravinbhai Patel, Shital Alpesh Patel, Divyaben Rashminkumar Patel, Patel Jay Pravinkumar and Shitalben Kamlesh Patel will be selling a portion of their stakes in the company.
About Knack Packaging IPO proceeds
The company will use Rs 435 crore of the total proceeds towards capital expenditure for setting up of new manufacturing facility at the Borisana situated at Kadi, Mehsana, Gujarat.Also read: SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
Lead managers
Systematix Corporate Services, IDBI Capital Markets & Securities, and Pantomath Capital Advisors are the lead managers to the IPO. The registrar of the issue is MUFG Intime India Private Limited (formerly known as Link Intime India Private
Limited)
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