Knack Packaging IPO Subscribed 2.72 Times on Day 1
Last Updated: 1st July 2026 - 05:33 pm
Knack Packaging Limited's initial public offering (IPO) opened for subscription on July 1, 2026, recording an overall subscription of 2.72 times by 5:05 PM on Day 1. The ₹439.50 crore book-build issue, priced at ₹161 to ₹170 per share, received bids for 4,93,65,712 shares against 1,81,32,354 shares on offer, with total applications reaching 1,25,433.
Subscription Status of Knack Packaging IPO
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Day 1 (July 1) | 3.27 | 5.13 | 1.38 | 2.21 | 2.72 |
Here are the subscription details for Knack Packaging IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 77,20,587 | 77,20,587 | 131.25 |
| QIB (Ex-Anchor) | 3.27 | 51,40,948 | 1,68,19,616 | 285.93 |
| NII | 5.13 | 38,58,461 | 1,98,04,136 | 336.67 |
| Retail | 1.38 | 90,03,075 | 1,24,54,552 | 211.73 |
| Employee | 2.21 | 1,29,870 | 2,87,408 | 4.89 |
| Total | 2.72 | 1,81,32,354 | 4,93,65,712 | 839.22 |
Key Highlights – Day 1
- Overall subscription crossed full subscription strongly at 2.72 times on Day 1 (July 1, 2026), reflecting strong initial investor interest in this integrated packaging solutions IPO.
- Non-institutional investors led with strong demand at 5.13 times on the opening day, with bNII at 5.77 times and sNII at 3.86 times, reflecting strong HNI appetite for this export-oriented packaging company.
- Qualified institutional buyers (ex-anchor) recorded strong opening participation at 3.27 times on Day 1.
- Employee category crossed full subscription at 2.21 times, with employees eligible for a discount of ₹16 per share on the issue price.
- Retail investors crossed full subscription at 1.38 times on Day 1.
About Knack Packaging Limited
Incorporated in 2013, Knack Packaging Limited is an integrated packaging solutions provider manufacturing printed and laminated woven polypropylene bags for industries including food, pet food, agriculture, fertilisers, building materials, and chemicals. The company held approximately 10.1% share of the Indian flexible bulk PLWPP bag market in fiscal 2025 and exports to 68 countries, with the United States, Mexico, and South Africa contributing 35.19% of total exports. As of May 31, 2026, it had developed over 73,000 printing cylinders, handled 13,379 SKUs, and served more than 1,950 customers worldwide.
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