Knack Packaging Launches ₹440 Crore IPO to Double Manufacturing Capacity
Ahmedabad: Woven polypropylene packaging manufacturer Knack Packaging is set to raise ₹440 crore through an Initial Public Offering (IPO) as it looks to capitalize on rising demand for industrial packaging solutions and significantly expand its production capabilities.
The IPO consists of a fresh issue worth ₹380 crore and an offer for sale (OFS) of ₹60 crore. The company has fixed a price band of ₹161–170 per share, with the public issue scheduled to open on June 30 and close on July 3.
A major portion of the funds raised will be used to expand the company’s manufacturing facility in Mehsana, Gujarat. The expansion is expected to double production capacity from 3,000 tonnes to 6,000 tonnes per month, strengthening Knack Packaging’s position in the growing packaging market.
Knack Packaging specializes in the production of printed and laminated woven polypropylene (PP) bags and exports its products to around 75 countries. The company currently operates a large-scale manufacturing unit equipped with advanced printing, extrusion, coating, lamination, and bag-converting machinery.
According to company officials, construction work for the capacity expansion is already underway. The company currently produces approximately 10–12 lakh bags per day and expects the new facility expansion to support future growth in both domestic and international markets.
Industry experts note that the woven polypropylene packaging sector is witnessing strong growth, driven by increasing demand from agriculture, food, chemicals, and industrial sectors. The focus on durable, customizable, and sustainable packaging solutions is further boosting market opportunities.
Knack Packaging had filed its Draft Red Herring Prospectus (DRHP) with SEBI in September 2025 and received regulatory approval in December 2025.
