Knack Packaging IPO allotment likely today; GMP at 11%. Here's how to check allotment status

Knack Packaging IPO's basis of allotment is likely to be finalised today, with investors set to find out whether they have secured shares in the heavily subscribed public issue of Rs 439.5 crore. Applicants can check their allotment status online through the registrar's or the NSE's website.

The company's shares are scheduled to debut on the BSE and NSE on July 8. Meanwhile, the grey market premium (GMP) stands at around 11%, signalling expectations of a modest listing gain.

The IPO, which was open for subscription from July 1 to July 3, received a robust response, with bids for 83.33 times the shares on offer. Qualified Institutional Buyers (QIBs) led the demand, subscribing 154.34 times their allotted quota, followed by Non-Institutional Investors (NIIs) at 139.81 times and Retail Investors at 20.07 times.


The public issue comprised a fresh issue of Rs 380 crore and an offer for sale (OFS) of up to Rs 59.5 crore by existing shareholders. The price band was fixed at Rs 161-170 per share, with investors required to bid for a minimum of 88 shares.

Knack Packaging is slated to make its stock market debut on the BSE and NSE on July 8.

Investors can check their allotment status using the following methods:

1. Registrar’s Website
Investors can check their allotment status using the following methods:

• Visit KFinTech IPO Allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
• Select Knack Packaging from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose Knack Packaging
• Enter your application number and PAN.

About the company

Knack Packaging is an integrated packaging solutions provider that manufactures printed and laminated woven polypropylene (PLWPP) bags, including pinch-bottom bags used across a wide range of industries such as food grains, flour, sugar, pet food, fertilisers, chemicals, detergents, cement and construction materials.

The company exports its products to 71 countries and serves more than 1,950 customers worldwide. It commands an estimated 10.1% share of India's flexible bulk PLWPP bags market and operates an integrated manufacturing model that spans the entire value chain, from polypropylene processing to printing and bag conversion.

Its customer portfolio includes leading companies such as KRBL, Drools, DCM Shriram and Baba Agro Foods. Globally, it caters to clients including Cargill and several other international brands.

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