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| Attention Investors |
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Your results on : IPO | IPO Synopsis |
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| Knack Packaging Ltd |
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Registered Office:
330/A Kalasagar Shopping Hub,Satadhar Cross Road Ghatlodiya
,
Ahmedabad
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380061
,
Gujarat
, India.
Phone :
+91 99251 71483 Fax:
Email : compliance@knackpackaging.com
Website : www.knackpackaging.com
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Initial public offering of 25,865,164 equity shares of face value of 10 each ("Equity Shares") of Knack Packaging Limited ("The Company" or the "Issuer") for cash at a price of 170 per equity share (including a premium of 160 per equity share) ("Offer Price"), aggregating up to 439.5 Crores, comprising of a fresh issue of 22,365,164 equity shares, aggregating to 380.00 Crores (the "Fresh Issue") and an offer for sale of 3,500,000 equity shares, aggregating to 59.5 Crores ("Offered Shares") ("Selling Shareholders" and individually the "Selling Shareholder") comprising 675,750 equity shares aggregating to 11.49 Crores by Alpesh Tulsibhai Patel, comprising up to 300,000 equity shares aggregating to 5.1 Crores by Pravinkumar Ambalal Patel, comprising up to 675,750 equity shares aggregating to 11.49 Crores by Rashminbhai Tulsibhai Patel, comprising 362,000 equity shares aggregating to 6.15 Crores by Tulsibhai Keshavlal Patel, comprising 307,500 equity shares aggregating to 5.23 Crores by Patel Kamlesh Ambalal, comprising up to 125,000 equity shares aggregating to 2.13 Crores by Dharmisthaben Pravinbhai Patel, comprising 298,250 equity shares aggregating to 5.07 Crores by Shital Alpesh Patel, comprising 298,250 equity shares aggregating to 5.07 Crores by Divyaben Rashminkumar Patel comprising 170,000 equity shares aggregating to 2.89 Crores by Patel Jay Pravinkumar, comprising 287,500 equity shares aggregating to 4.89 Crores by Shitalben Kamlesh Patel (such sale, the "Offer For Sale", and together with the fresh issue, the "Offer").
The offer includes a reservation of up to 129,870 equity shares of face value of 10/- each, aggregating up to 2.00 Crores (constituting up to 0.11% of the post-offer paid-up equity share capital) for subscription by eligible employees ("Employee Reservation Portion"). The company, in consultation with the selling shareholders and the book running lead managers ("BRLMS") offered a discount of 9.41% (equivalent of 16 per equity share) of the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount"), subject to necessary approvals as may be required. The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 21.14% and 21.03% of the post-offer paid-up equity share capital of the company, respectively.
Price Band: 170/- per equity share bearing face value of 10 each.
The floor price is 17.00 times of the face value of the equity shares.
Bids can made for a minimum of 88 equity shares of face value of 10 each and in multiples thereof.
A discount of 16 per equity share is being offered to eligible employees bidding in the employee reservation portion. |
| Issue |
Money Payable On |
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| Opens On |
Closes On |
Application |
Allotment |
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| 01-Jul-26 |
03-Jul-26 |
Rs170.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :88 Further Multiples of :88 |
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RsCr |
Lead Managers to the Issue |
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| Project Cost |
351.15 |
| IDBI Capital Markets & Securities Limited |
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| Project Financed through Current Offer |
439.50 |
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| Post Issue Equity Share Capital |
122.37 |
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| Issue Price |
Rs170.00 |
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| Projects |
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| Partial funding of capital expenditure towards setting up of new manufacturing facility at Borisana situated at Kadi, Mehsana, | General corporate purposes |
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| Promoted By |
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| Alpesh Tulsibhai Patel |
| Pravinkumar Ambalal Patel |
| Rashminbhai Tulsibhai Patel |
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| Registrar to the Issue |
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| MUFG Intime India Pvt Ltd |
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