Knack Packaging Shares Debut at 11% Premium Over Issue Price After Enthusiastic IPO

Mumbai, July 8: Knack Packaging share price made a strong stock market debut on Wednesday, listing at an 11% premium to their issue price on the NSE, rewarding investors despite a cautious broader market sentiment.

The stock debuted at Rs 188 per share on the NSE, a premium of 10.59% over its IPO price of Rs 170. On the BSE, the shares listed at Rs 186, reflecting a gain of 9.41% over the issue price.

The listing was broadly in line with expectations after the company’s initial public offering (IPO) received an enthusiastic response from investors.

IPO sees overwhelming demand

The Rs 439.5-crore IPO, which was open for subscription between July 1 and July 3, was subscribed 83.33 times, underlining robust investor appetite.

The issue witnessed strong participation across investor categories, with qualified institutional buyers (QIBs), non-institutional investors (NIIs) and retail investors all bidding aggressively for the shares.

The IPO comprised a fresh issue of equity shares worth Rs 380 crore and an offer for sale (OFS) of 35 lakh equity shares by existing shareholders.

The company plans to utilize the proceeds from the fresh issue to fund capital expenditure, reduce debt and meet general corporate requirements.

About Knack Packaging

Knack Packaging is engaged in manufacturing printed and laminated woven polypropylene (PP) bags and flexible packaging products used across industries such as agriculture, food, fertilizers, chemicals, cement, animal feed and construction materials.

The company offers customized packaging solutions to domestic as well as international customers and has steadily expanded its manufacturing capabilities over the years.

According to its IPO documents, Knack Packaging has posted consistent financial growth, supported by rising demand for industrial packaging products and capacity expansion.

For FY26, the company reported revenue of Rs 843.8 crore, compared with Rs 747.4 crore in the previous financial year. Net profit rose to Rs 92.7 crore from Rs 73.8 crore.

Positive listing amid volatile markets

The stock’s healthy debut came even as domestic equity markets opened on a weak note amid mixed global cues, rising crude oil prices and concerns over geopolitical tensions in the Middle East.

Analysts said the listing reflects sustained investor confidence in companies with strong business fundamentals despite volatility in the secondary market.

The strong listing also highlights continued momentum in India’s primary market, where several IPOs have attracted healthy subscription levels in recent months.

Primary market remains buoyant

India’s IPO market has remained resilient in 2026, supported by strong domestic liquidity and healthy participation from retail as well as institutional investors.

While listing gains continue to attract short-term traders, market experts advise investors to focus on business quality, earnings visibility and valuations before making long-term investment decisions.

With Knack Packaging delivering double-digit listing gains, attention will now shift to the company’s post-listing performance and its ability to execute its expansion plans while sustaining growth in an increasingly competitive packaging industry.

Source: https://www.nseindia.com/get-quote/equity/KNACK/Knack-Packaging-Limited