Knack Packaging Ltd IPOKNACK

Initial public offering of 25,865,164 equity shares of face value of Rs. 10 each ("Equity Shares") of Knack Packaging Limited ("The Company" or the "Issuer") for cash at a price of Rs. 170 per equity share (including a premium of Rs. 160 per equity share) ("Offer Price"), aggregating up to Rs. 439.5 Crores, comprising of a fresh issue of 22,365,164 equity shares, aggregating to Rs. 380.00 Crores (the "Fresh Issue") and an offer for sale of 3,500,000 equity shares, aggregating to Rs. 59.5 Crores ("Offered Shares") ("Selling Shareholders" and individually the "Selling Shareholder") comprising 675,750 equity shares aggregating to Rs. 11.49 Crores by Alpesh Tulsibhai Patel, comprising up to 300,000 equity shares aggregating to Rs. 5.1 Crores by Pravinkumar Ambalal Patel, comprising up to 675,750 equity shares aggregating to Rs. 11.49 Crores by Rashminbhai Tulsibhai Patel, comprising 362,000 equity shares aggregating to Rs. 6.15 Crores by Tulsibhai Keshavlal Patel, comprising 307,500 equity shares aggregating to Rs. 5.23 Crores by Patel Kamlesh Ambalal, comprising up to 125,000 equity shares aggregating to Rs. 2.13 Crores by Dharmisthaben Pravinbhai Patel, comprising 298,250 equity shares aggregating to Rs. 5.07 Crores by Shital Alpesh Patel, comprising 298,250 equity shares aggregating to Rs. 5.07 Crores by Divyaben Rashminkumar Patel comprising 170,000 equity shares aggregating to Rs. 2.89 Crores by Patel Jay Pravinkumar, comprising 287,500 equity shares aggregating to Rs. 4.89 Crores by Shitalben Kamlesh Patel (such sale, the "Offer For Sale", and together with the fresh issue, the "Offer"). The offer includes a reservation of up to 129,870 equity shares of face value of Rs.10/- each, aggregating up to Rs. 2.00 Crores (constituting up to 0.11% of the post-offer paid-up equity share capital) for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the selling shareholders and the book running lead managers ("BRLMS") offered a discount of 9.41% (equivalent of Rs. 16 per equity share) of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 21.14% and 21.03% of the post-offer paid-up equity share capital of the company, respectively. Price Band: Rs. 170/- per equity share bearing face value of Rs. 10 each. The floor price is 17.00 times of the face value of the equity shares. Bids can made for a minimum of 88 equity shares of face value of Rs. 10 each and in multiples thereof. A discount of Rs. 16 per equity share is being offered to eligible employees bidding in the employee reservation portion.

Knack Packaging Limited was originally incorporated as 'Knack Packaging Private Limited' pursuant to a certificate of incorporation dated March 4, 2013, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Subsequently, Company was converted from a private company to a public company, following which the name of Company was changed to 'Knack Packaging Limited' and a Certificate of Incorporation was issued by the Central Processing Centre on June 23, 2025. Presently, Company is engaged in manufacturing and export of PP/HDPE Woven Sacks and BOPP Laminated PP Woven Bags with the production units located in Mehsana district of Gujarat. In 2013, Company started manufacturing BOPP bags. In 2016, Company expanded capacity from 400 MT to 1,200 MT per month & started manufacturing Printed Laminated Woven Block Bottom PP Bags. In 2018, it installed the first Pinch bottom machine & started production of BOPP Laminated PP Woven Pinch bottom bags. In 2020, it expanded Unit II production. In 2021, it commissioned a 2.25 MW of rooftop solar plant, commissioned a windmill capacity of 2.10 MW in 2023. In 2025, the Company has established Unit III for expansion purpose. It has formed a Joint Venture in Mexico with SACOS in April 2025. Company is planning to raise funds via initial public offering of Rs 475 Cr Equity shares of face value of Rs 10 each through Fresh Issue and by issuing 7,000,000 equity shares via Offer for sale.