India’s packaging industry has emerged as one of the fastest-growing segments of the manufacturing sector, driven by rising consumer demand, e-commerce expansion, and increasing exports. Against this backdrop, Gujarat-based Knack Packaging Limited is preparing to enter the capital markets with its much-anticipated Initial Public Offering (IPO), offering investors an opportunity to participate in the company’s next phase of growth.
The IPO will open for subscription on July 1, 2026, and close on July 3, 2026. The company has fixed a price band of ₹161 to ₹170 per equity share. With growing interest in manufacturing and export-oriented businesses, the issue is already attracting attention from market participants looking for exposure to India’s expanding packaging sector.
Knack Packaging has established itself as a significant player in the flexible packaging industry. The company manufactures a wide range of packaging solutions designed to protect products while enhancing brand visibility. Its philosophy goes beyond producing packaging materials. The company focuses on developing solutions that help businesses strengthen their brand identity and improve product presentation in increasingly competitive markets.
Headquartered in Gujarat, Knack Packaging currently has an installed production capacity of 43,300 metric tonnes per annum. Over the years, the company has steadily expanded its manufacturing capabilities and strengthened its position in both domestic and international markets.
One of the company’s notable achievements has been its growing global footprint. Knack Packaging now exports its products to 71 countries, reflecting its ability to compete in international markets and meet diverse customer requirements. This extensive export network has helped the company reduce dependence on any single market while creating multiple growth opportunities.
The company’s financial performance has also demonstrated strong momentum in recent years. Operating revenue increased from ₹654.56 crore in FY2024 to ₹823.43 crore in FY2026, highlighting consistent business expansion. During the same period, net profit rose sharply from ₹45.98 crore to ₹92.72 crore, nearly doubling within two years.
This growth has been supported by improving operational efficiency. Knack Packaging’s EBITDA margin expanded from 15.38 percent to 20.42 percent, indicating stronger profitability and better cost management. Such improvements are often viewed positively by investors as they reflect the company’s ability to generate sustainable earnings while scaling its operations.
Industry experts point out that India’s packaging market continues to benefit from changing consumer behaviour, growing organised retail, food processing, pharmaceuticals, and e-commerce demand. As businesses place greater emphasis on product safety, branding, and sustainability, packaging manufacturers are expected to play an increasingly important role in the value chain.
For investors, Knack Packaging’s IPO represents more than just a public issue. It offers exposure to a company operating in a growing industry, supported by strong financial performance, international reach, and expanding manufacturing capabilities.
As subscription opens on July 1, market participants will closely watch investor response to the issue. Whether driven by the company’s growth trajectory, export presence, or improving profitability, Knack Packaging is positioning itself as a business seeking to capitalize on the next stage of India’s manufacturing and packaging story.
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