Ahmedabad-based Knack Packaging to Potentially Initiate Initial Public Offering
Ahmedabad-Based Knack Packaging Pvt Ltd to File for IPO
Knack Packaging Pvt Ltd, a 13-year-old company based in Ahmedabad, is preparing to take a significant step forward in its business journey. According to a source familiar with the development, the company is expected to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) soon.
The company, which specialises in manufacturing poly-woven bags, is also involved in mining, construction, and renewable energy. This diversification in business sectors reflects Knack Packaging Pvt Ltd's ambition to grow and expand its operations.
As of now, no official filing has been reported or confirmed publicly. However, a recent report indicates that the company is gearing up for the IPO stage, with the DRHP submission to SEBI imminent.
Meanwhile, other companies are making headlines for different reasons. Good Glamm's brands are expected to be sold separately following the failure of its restructuring, and lenders are taking charge. On the other hand, Milky Mist is chasing a rich valuation. Tata Capital, on the other hand, is planning a higher valuation for its IPO.
Jane Street, an international quantitative trading firm, has also made news in India. The company has received approval to resume trading in India and has deposited $567 million in the country. The firm has been granted a Category I foreign portfolio investor (FPI) status, allowing it to invest in a wider range of Indian securities.
However, these developments are unrelated to Knack Packaging Pvt Ltd's IPO plans. The Ahmedabad-based company's focus remains on its impending DRHP filing with SEBI.
[1] Source: The Economic Times, July 2025.
Knack Packaging Pvt Ltd, as it prepares to file its DRHP with SEBI for its IPO, is demonstrating its ambition to grow and expand its operations, particularly in the finance sector. The impending IPO stage indicates a significant move in the company's 13-year-old business journey.
