Knack packaging
Knack Packaging Limited is one of India’s leading integrated, innovation-driven, export-led, and sustainability-focused packaging solutions providers offers a diverse portfolio of high-performance packaging products. Specializing in Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP Pinch Bottom bags, the company delivers customized, durable packaging solutions tailored for sectors such as food products and pet foods. According to the Technopak Report, the company holds approximately 10.1% of the Indian market share for flexible bulk PLWPP bags, including pinch bottom variants, as of Fiscal 2025. It is recognized as an early mover in the BOPP/PLWPP bag segment and is the first in India—and Asia—to integrate laser-cut and easy-open features into PLWPP pinch bottom bags. The company operates under a B2B2C model, and serves prominent Indian brands including Baba
Moderate fundamentals with elevated risk parameters
Plain-English Summary✨
What does the company do?
Knack Packaging Limited is one of India’s leading integrated, innovation-driven, export-led, and sustainability-focused packaging solutions providers with a diverse portfolio of high-performance packaging products.
Why are investors interested?
The company has shown strong financial performance with increasing revenue and profitability. However, the debt-equity ratio is a concern.
What should beginners watch out for?
Some data points such as face value, issue type, and pre-issue shares are missing, which may impact the analysis.
Key IPO Metrics
GMP Today
+5.3%
Total Subscription
Overall demand
Retail Subscription
Retail Queue
QIB Subscription
Institutional Queue
NII (HNI) Subscription
Non-Institutional
Anchor Book
Subscribed
Business Overview
About the Company
Knack Packaging Limited is one of India’s leading integrated, innovation-driven, export-led, and sustainability-focused packaging solutions providers offers a diverse portfolio of high-performance packaging products. Specializing in Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP Pinch Bottom bags, the company delivers customized, durable packaging solutions tailored for sectors such as food products and pet foods. According to the Technopak Report, the company holds approximately 10.1% of the Indian market share for flexible bulk PLWPP bags, including pinch bottom variants, as of Fiscal 2025. It is recognized as an early mover in the BOPP/PLWPP bag segment and is the first in India—and Asia—to integrate laser-cut and easy-open features into PLWPP pinch bottom bags. The company operates under a B2B2C model, and serves prominent Indian brands including Baba
Industry
Packaging & Disposables
High growth industry driven by energy transition and carbon mitigation.
Business Segments (FY24)
Objects of the Issue
Promoters
Promoters group
Promoter Group holds 72.21% of pre-issue capital.
Lead Managers
Registrar
TBAFinancials & Performance(Standalone)
Revenue (₹ Cr)
CAGR 12.2%PAT (₹ Cr)
CAGR -0.0%EBITDA Margin (%)
ImprovingDebt / Equity (x)
Strong DeleveragingROCE (%)
Healthy Trend| Financial Year | Revenue (₹ Cr) | EBITDA Margin (%) | PAT (₹ Cr) | ROCE (%) | ROE (%) | Debt / Equity (x) |
|---|---|---|---|---|---|---|
| FY24 | ₹654.56 Cr | 15.49% | ₹45.98 Cr | 45.42% | 32.70% | 1.23x |
| FY25 | ₹736.49 Cr | 19.60% | ₹73.81 Cr | 50.36% | 34.38% | 0.80x |
| FY26 | ₹823.43 Cr | 12.31% | ₹45.97 Cr | 45.42% | 14.92% | 0.62x |
Valuation & Peer Comparison
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Knack packaging (IPO) | 18.34x | 14.92% | 11.8% | 12.3% | -- |
| Flexituff International | 10.5x | -- | -- | -- | ₹77.01 Cr |
| Mamata Machinery | 16.59x | -- | -- | -- | ₹165.6 Cr |
| Pyramid Technoplast | 11.34x | -- | -- | -- | ₹720.03 Cr |
| RDB Rasayans | 72x | -- | -- | -- | ₹69.195 Cr |
| Sah Polymers | 33.51x | -- | -- | -- | ₹163.32 Cr |
| Shree Tirupati | 18.77x | -- | -- | -- | ₹809.49 Cr |
| Time Technoplast | 20.17x | -- | -- | -- | ₹50.865 Cr |
| Tirupati Inks | 5.93x | -- | -- | -- | ₹9.255 Cr |
Why this IPO looks good
- Leading market position with approximately 10.1% of the Indian market share for flexible bulk PLWPP bags
- Strong financial performance with increasing revenue and profitability
- Diversified product portfolio catering to various sectors
Demand & Momentum
Subscription Trend (Times)
GMP Trend
GMP Trend (₹)
Documents
AI Research Q&A
Who is this IPO suitable for?
Ideal for investors who:
- Believe in India's renewable energy growth story
- Have a medium to long-term investment horizon
- Are comfortable with moderate to high risk appetite