Bengaluru: Knack Packaging Limited has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The company is one of the leading, integrated, innovation-oriented, export led and sustainable oriented packaging solutions provider, offering a diverse range of Printed and Laminated Woven Polypropylene (“PLWPP”) bags and PLWPP Pinch Bottom bags. The company holds approximately 10.1% of market share in the Indian market for flexible bulk PLWPP bags, including PLWPP pinch bottom bags in Fiscal 2025. (Source: Technopak Report).
PLWPP bags are high-strength packaging solutions for a wide range of sectors, including food products and pet food, that enhance brand visibility on packaging, reduce the risk of counterfeiting, and improve operational performance.
The company plans to raise fund through an Initial Public Offering. The total offer size of comprises of Fresh Issue aggregating up to ₹ 4,750 million (475 crore) and an Offer-For-Sale aggregating Up to 70,00,000 equity shares. (“Total Offer Size”)
The company proposes to utilize the Net Proceeds towards Funding Capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, Gujarat, estimated to be ₹ 4,350 million [₹ 435 crores] and the balance amount towards general corporate purposes. (“Objects of the Offer”)
Systematix Corporate Services Limited, IDBI Capital Markets & Securities Limited and Pantomath Capital Advisors Private Limited are the Book Running Lead Manager for the Offer.
