Newsletter
Knack Packaging Limited has filed its draft papers with SEBI to raise funds via an IPO. The company is looking to raise ₹475 crore from the public.
Ahmedabad-based Knack Packaging is a leading packaging solutions provider.that caters to diverse sectors like food products and pet foods.
The deets: the proposed IPO consists of fresh issuance worth ₹475 crore and an offer-for-sale of 7,00,000 lakh equity shares.
The why: of the fresh proceeds, ₹450 crore will be earmarked for setting up new facilities in Borisana and Kadi in Gujarat. The remaining will be spent on general corporate expenses.
By the numbers: the company boasts a robust profit margin with PAT rising to 7.39% in FY25 from 7.04% in FY24. Total operating income also grew 22% in the last four years.
Big picture: India’s food packaging industry stands at a valuation of $22.44 billion in 2025 poised to reach $26.13 billion by 2030 at a CAGR of 3.09%. Food processing industry remains the top contributing sector to this growth. With its strong clients-base and surging demand, Knack Packaging can make the most of this momentum and expand its market share from the current 10.1%.
