Overview
- Knack Packaging's shares listed on Wednesday at about Rs 186–188, trading roughly 10–13% above the Rs 170 issue price on debut.
- The IPO was heavily subscribed overall (about 83.33 times) and raised roughly Rs 380 crore through a fresh issue plus an offer-for-sale.
- Market valuation on listing was reported near Rs 2,275–2,291 crore, and the actual debut outperformed grey-market indications that had pointed to a smaller premium.
- Proceeds will fund a new manufacturing facility at Borisana, Kadi, increasing installed capacity from 43,300 MTPA to about 76,000 MTPA by October 2027.
- Analysts praised the firm's integrated manufacturing, export mix and margins but advised holders to watch customer-concentration metrics, plant execution and suggested a Rs 175 stop-loss for risk management.