Knack Packaging Ltd has fixed the price band for its initial public offering at ₹161 to ₹170 per equity share, with the issue opening for public subscription on July 1.
The packaging solutions provider is raising nearly ₹440 crore through the fresh issue, marking a significant step in its transition to a publicly listed entity.
The capital raised will be primarily deployed to fund a new manufacturing facility in Gujarat, signaling the company's intent to scale production capacity.
This expansion aligns with broader trends in the Indian packaging sector, where firms are investing heavily in infrastructure to meet growing domestic demand and supply chain localization requirements.
The IPO comes as Indian equity markets see a steady flow of new listings, with other mid-cap firms like Advit Jewels also recently opening their books to investors.
Knack Packaging's entry adds depth to the industrial materials segment on Indian exchanges, offering investors exposure to a specialized niche within the packaging industry.