Knack Packaging Ltd IPO

Knack Packaging Limited is engaged in the manufacturing of packaging solutions, primarily printed and laminated woven polypropylene (PLWPP) bags and PLWPP pinch bottom bags used across industries such as food products, pet food, agriculture, fertilisers, chemicals, construction materials, and consumer goods. The company offers a range of packaging products along with customised features such as laser-cut easy-open systems, zipper closures, windows, heat cuts, and branding solutions. Its customers include domestic and international businesses that use these bags for packaging products in powder and granule forms. The company operates through a vertically integrated manufacturing process that covers PP granule processing, tape production, fabric manufacturing, printing, lamination, and finished bag production. Knack Packaging has manufacturing facilities in Gujarat and exports its products to customers across 71 countries. The company also provides in-house printing and design services, supported by a large cylinder library developed for its customer base. Use of proceeds: This is a combination of a fresh issue of shares and an offer for sale. The net proceeds from the offer for sale will go to the selling shareholder, and those from the fresh issue will go to the company. They will be utilised for the following purposes: Partial funding of capital expenditure for setting up a new manufacturing facility at Borisana, Mehsana, Gujarat – Rs 320 crore General corporate purposes;