365telugu.com online news,September 8th,2025: Knack Packaging Limited, a leading integrated packaging solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO).
The company is recognized as one of India’s prominent innovation-driven and export-oriented players in the sustainable packaging sector. Its portfolio includes a wide range of Printed and Laminated Woven Polypropylene (PLWPP) bags and PLWPP Pinch Bottom bags.
According to a Technopak Report, Knack Packaging held around 10.1% market share in India’s flexible bulk PLWPP bags segment, including pinch bottom bags, in Fiscal 2025.
PLWPP bags are widely used across industries such as food products and pet food, offering high-strength packaging that enhances brand visibility, reduces counterfeiting risks, and improves operational efficiency.
The proposed IPO consists of a Fresh Issue of up to ₹475 crore and an Offer for Sale (OFS) of up to 70,00,000 equity shares.
ఇది కూడా చదవండి…సెబీకి డీఆర్హెచ్పీ సమర్పించిన హై-టెక్ ఇంజినీర్స్ లిమిటెడ్..
The net proceeds from the Fresh Issue are planned to be used for:
- Capital expenditure towards setting up a new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat, with an estimated investment of ₹435 crore.
- The balance for general corporate purposes.
Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited, and Pantomath Capital Advisors Private Limited will act as the Book Running Lead Managers to the issue.