Knack Packaging shares made their successful stock market debut today, Wednesday, July 8, 2026, with shares listing at ₹188 on NSE and ₹186 on BSE, representing a 10.58% premium and 9.41% gain respectively over the IPO price. The ₹439.5-crore IPO was priced in the ₹161-170 per share band and received an overwhelming response with 83.33 times oversubscription across all categories. According to NDTV, the stock opened at ₹188 on NSE and ₹186 on BSE, showing strong momentum with shares jumping nearly 11% from the listing price. During intraday trading, the stock surged 12.94% to ₹192 on BSE before closing at ₹182.70, up 7.47% from the issue price. At NSE, the stock ended at ₹182.98, up 7.63%. The IPO was open for subscription between July 1-3, 2026, with the stock available for trading from 10:00 AM today. After the debut, the stock touched a high of ₹192 apiece on BSE, rallying over 3% from listing price and nearly 13% from its issue price.
Knack Packaging shares witnessed a strong recovery in the grey market premium, with the latest GMP rising to ₹13 per share from the earlier ₹12 per share. Based on the current GMP of ₹13, Knack Packaging shares were expected to list at around ₹179 per share, indicating a 7.7% listing premium over the IPO price of ₹170 per share. This represents a significant improvement from the earlier GMP of ₹12 per share, which had suggested a 7.06% listing premium. The positive GMP indicates strong investor confidence ahead of the listing, with the ₹13 per share premium suggesting an estimated listing price of ₹179, about 7.7% higher than the upper end of the IPO price band of ₹170 per share. The ₹13 per share premium suggests an estimated listing price of ₹179, about 7.7% higher than the upper end of the IPO price band of ₹170 per share. As per InvestorGain, the grey market is indicating a positive debut with the IPO currently commanding a Grey Market Premium of around ₹13 per share, suggesting an estimated listing price of ₹179.
Major institutional investors demonstrated strong confidence in Knack Packaging through significant bulk deals on the debut day. BofA Securities Europe SA acquired 7.17 lakh equity shares, equivalent to a 0.58% stake, in Knack Packaging at ₹185.93 per share, valuing the transaction at ₹13.34 crore. In a separate transaction, Capital Group's Smallcap World Fund increased its stake in non-banking finance company Capri Global Capital through open market purchases, buying 1 crore equity shares representing a 1.03% stake through two transactions on July 8. The fund purchased 51.32 lakh shares at ₹240.22 apiece and another 48.67 lakh shares at ₹240.25 per share, taking the total transaction value to around ₹240.23 crore. As of June 2026, Smallcap World Fund already held a 1.71% stake or 1.65 crore equity shares in Capri Global Capital. Despite the institutional interest, shares of Capri Global Capital ended 0.17% lower despite high trading volumes and intraday volatility, though the stock remains up 63% from its March lows.
The IPO demonstrated exceptional investor demand with 83.33 times oversubscription across all categories. The Qualified Institutional Buyers (QIBs) category led with 160.22 times subscription, followed by Non Institutional Investors (NIIs) at 146.64 times, and Retail Individual Investors (RIIs) at 21.09 times. The public issue received bids for 1,58,02,77,688 shares against 1,89,64,018 offered, with the company successfully raising ₹131.25 crore from anchor investors ahead of the public issue opening. The IPO comprised a fresh issue of ₹380 crore and an offer-for-sale (OFS) of ₹59.5 crore by existing shareholders. The IPO was priced in the ₹161-170 per share band, with investors required to apply for a minimum of 88 shares. The IPO was priced at the upper end of ₹170 per share, with Systematix Corporate Services Ltd. serving as the book running lead manager and MUFG Intime India Pvt. Ltd. as the registrar. As per Goodreturns, the issue raised ₹131.25 crore from anchor investors on June 30, led by Axis New Opportunities AIF and Ashoka India Equity Investment Trust.
Knack Packaging shares demonstrated robust trading activity on their debut day, with 25.37 lakh shares traded at BSE and 335.03 lakh shares on NSE during the day. According to NDTV, the company's market valuation stood at ₹2,235.61 crore at the end of trading. The stock's strong performance reflects the market's positive reception of the packaging solutions provider, with shares closing nearly 8% above the issue price of ₹170. The ₹439.5-crore IPO had a price band of ₹161-170 per share, with the public offer comprising a fresh issue of equity shares aggregating up to ₹380 crore and an Offer For Sale (OFS) of up to 35 lakh equity shares worth ₹59.5 crore. Despite broader weakness in equity markets, Knack Packaging's positive debut performance stood out, with the company's strong fundamentals and expansion plans supporting investor confidence.
Knack Packaging delivered healthy financial growth in FY26, with revenue from operations rising to ₹823.4 crore from ₹736.5 crore a year earlier. Net profit increased to ₹92.7 crore, compared with ₹73.8 crore in FY25, while EBITDA improved to ₹152 crore with the EBITDA margin expanding to 18.5%, highlighting improved operational efficiency and profitability. The company plans to utilize the fresh issue proceeds primarily to set up a new manufacturing facility at Borisana, Gujarat. Around ₹320 crore has been earmarked for capital expenditure, while the remaining funds will be deployed towards general corporate purposes and issue-related expenses. As reported by CNBC TV18, Knack Packaging is setting up a new plant in Mehsana, Gujarat, to expand its production capacity, with the company utilizing ₹320 crore from fresh issue proceeds for this expansion. The company operates four manufacturing plants in the Kadi-Mehsana belt with a production capacity of 43,300 MTPA and serves more than 1,950 customers across 71 countries. According to Goodreturns, the company is backed by strong fundamentals, including healthy revenue growth, improving profitability, high ROE and ROCE, and robust operating margins.
