Knack Packaging IPO opens today. Should you subscribe?

Knack Packaging's IPO opens with a fresh issue of Rs 380 crore and an OFS of up to Rs 59.5 crore, priced at Rs 161-170 per share, with a tentative listing date of July 8 on BSE and NSE. For FY26, the company reported revenue of Rs 823.4 crore (up from Rs 736.5 crore) and net profit of Rs 92.8 crore (up from Rs 73.8 crore), with EBITDA margins at 18.5 percent. Brokerages Choice Broking and Anand Rathi have recommended subscribing for the long term, with the issue valued at around 22.4 times FY26 earnings and commanding an estimated 15 percent grey market premium.