Knack Packaging Limited

Knack Packaging Limited, incorporated in 2013 and based in Ahmedabad, Gujarat, is an integrated maker of flexible packaging products. Its core products are Printed and Laminated Woven Polypropylene (PLWPP) bags in formats such as pinch bottom, gusset, block bottom and retail shopping bags. These bags are used across a wide set of end markets, including food, pet food, agriculture, construction, cement, detergents, fertilizers and chemicals. The company runs four manufacturing facilities, among them a large plant in Gujarat spanning roughly 1.12 million square feet with installed capacity in the region of 36,400 metric tonnes per annum. It serves customers such as Cargill, KRBL and Drools, and supports its overseas business through a subsidiary in South Africa. Exports form a meaningful part of the business, contributing around 56% of revenue in the most recent financial year. Knack positions itself on innovation, exports and sustainable manufacturing, drawing on renewable energy, recycled materials and wastewater recycling in its operations. In FY2025 it held an estimated 10% share of the Indian flexible bulk PLWPP bag market. Revenue and profit have grown steadily over recent years alongside capacity additions, and the company has earned several industry recognitions for its exports and packaging.

The company raised about 131 crore rupees from anchor investors on June 30, 2026, allotting 7,720,587 equity shares at 170 rupees each, the top of the price band. Notable anchors included Axis New Opportunities AIF, which took the largest portion at roughly 30 percent, along with the Ashoka India Equity Investment Trust, Bank of India Investment Managers, ITI Mutual Fund, Bandhan Mutual Fund, JM Financial Mutual Fund and SBI General Insurance. Domestic mutual fund schemes together accounted for about a third of the anchor allocation.