Knack Packaging, an Ahmedabad-based company specializing in printed and laminated woven polypropylene (PLWPP) bags, has filed a draft red herring prospectus (DRHP) with SEBI on 4 September 2025, in preparation for its initial public offering (IPO). The IPO will consist of a fresh issue of up to ₹475 crore and an offer for sale (OFS) of up to 70 lakh equity shares.
According to reports in financial publications, the company plans to allocate ₹435 crore from the fresh issue to establish a new manufacturing facility in Borisana, Mehsana, Gujarat, while the remaining funds will be reserved for general corporate purposes.
Knack Packaging serves various industries, including food products, pet food, agriculture, fertilizers, and building materials. As of 31 July 2025, the company held approximately 10.1% of the Indian flexible bulk PLWPP bag market.
Details regarding the IPO dates, price band, and lot size are yet to be announced.
The selling stakeholders in the public issue include promoters Alpesh Tulsibhai Patel, Pravinkumar Ambalal Patel, and Rashminbhai Tulsibhai Patel. Other members of the promoter group and additional selling stakeholders include Tulsibhai Keshavlal Patel, Patel Kamlesh Ambalal, Dharmisthaben Pravinbhai Patel, Shital Alpesh Patel, Divyaben Rashminkumar Patel, Shitalben Kamlesh Patel, and Patel Jay Pravinkumar, Mint reported.
As of March 31, 2025, the company reported revenue from operations of ₹736.49 crore, with a net profit of ₹73.81 crore.
Knack Packaging has an installed capacity of 36,000 metric tons per annum (MTPA). In FY24, exports accounted for 56.24% of the company’s revenue, with a significant presence in the United States, Mexico, and South Africa.
The company operates an in-house printing facility and has developed over 67,000 cylinders for more than 1,900 customers globally as of July 31, 2025.
Knack Packaging competes with companies such as Time Technoplast, TCPL Packaging, and Mold-Tek Packaging in the listed space, holding approximately 10.1% of the market for flexible bulk PLWPP bags in FY25, serving both domestic and international clients in the food products and pet food sectors, reports said.
