Knack Packaging files draft papers for IPO with SEBI
The fresh issue proceeds will reportedly be used towards setting up a new manufacturing facility in Gujarat.
08 Sep 2025 | By WhatPackaging? Team
Ahmedabad-based packaging solutions provider Knack Packaging has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering. The offering consists of a fresh issue of equity shares worth INR 475-crore and an offer for sale of 7,000,000 shares by existing shareholders, according to news repors based on the Draft Red Herring Prospectus.
Proceeds from the fresh issue will be used to establish a manufacturing facility in Gujarat and for general corporate purposes. Of the total, about INR 435-crore will go towards the new plant and INR 40-crore towards other expenses.
The offer for sale will see promoters including Alpesh Tulsibhai Patel and other members of the Patel family reduce their holdings.
Systematix Corporate Services, Pantomath Capital Advisors, and IDBI Capital Markets & Securities are the book-running lead managers, while MUFG Intime India is the registrar. The shares will be listed on the NSE and BSE.