Knack Packaging IPO: Best-in-class financials, then auditors stepped in
Knack Packaging Limited is coming to market with a Rs 439.50 crore IPO, and the numbers are hard to ignore. Best margins, best returns, and fastest profit growth in its entire listed peer group. But the statutory auditors have flagged the restated financials, the promoters executed a 19-to-1 bonus issue months before listing, and over 220 crore rupees in corporate guarantees to related parties sit quietly off the balance sheet. In this episode of Before You Bid, we go through the prospectus, the financials, and the fine print — so you know exactly what you are putting your money into. IPO…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.