The Knack Packaging IPO share allotment is finalizing today, July 6, 2026, as bidding reached 83.33 times following strong investor interest
The IPO of integrated flexible packaging provider Knack Packaging Limited reached a crucial milestone today as the company began finalizing its share allotment. Bidders who participated in the multi-day public subscription window can now verify their allotment status on official online channels.
The mainboard public issue closed its three-day bidding cycle on Friday, July 3, 2026, receiving an overwhelming response from all major categories of market participants. Exchange data shows that the overall public offering was highly oversubscribed, being booked 83.33 times by the final whistle. In total, investors submitted bids for 158 crore equity shares against the net 1.89 crore shares on offer.
Qualified institutional buyers led the strong demand, booking their designated portion 154.34 times. The non-institutional investor category was not far behind, subscribing 139.81 times. Meanwhile, the retail individual investor segment witnessed a strong subscription of 20.07 times, reflecting strong interest from everyday buyers. Eligible company employees also fully subscribed their reserved quota 9.27 times.
The packaging company fixed a price band of ₹161 to ₹170 per equity share for this book-built offering. At the highest price point, the total fundraise stood at ₹439.50 crore. The issue comprised a primary fresh issue of 22.4 million shares worth ₹380 crore and a secondary offer-for-sale component of 3.5 million shares, amounting to ₹59.50 crore. Prior to opening to the public on July 1, the firm received anchor investment commitments of ₹131.25 crore, maturing in June 30, 2026. A total of 7.72 million shares were offered to well-known institutional funds at a premium price of ₹170 per share. Half of these anchor shares will be locked for 30 days, while the remaining will be locked for 90 days.
Management intends to deploy a significant portion of the newly raised capital to expand production capacity. Specifically, ₹320 crore will directly fund the capital expenditure required to build a new manufacturing base at Borisana in Kadi, Gujarat. The remaining capital, which is less than 25%, is allocated for general corporate purposes.
With over a decade of experience in the industry, the company specializes in printed and laminated woven polypropylene packaging products. Its portfolio includes high-strength items such as pinch-bottom bags and HDPE tapes, designed for essential sectors such as fertilizers, rice, grains, and animal feed. The company operates an advanced production facility in Gujarat and serves international clients in 71 countries through its South African subsidiary.
The company has demonstrated strong financial growth, with operating income increasing from ₹659.01 crore in fiscal year 2024 to ₹843.77 crore in fiscal year 2026. Profit after tax more than doubled in the same timeframe, reaching ₹92.72 crore for the fiscal year ended March 31, 2026.
Unsuccessful applicants’ blocked banking funds will be released or refunded beginning Tuesday, July 7, 2026. Successful bidders will receive their allotted equity shares credited to their demat accounts on the same day. Following settlement steps, Knack Packaging is scheduled to officially list and commence commercial trading on both the BSE and NSE on July 8, 2026.
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