Knack Packaging’s initial public offering has attracted significant investor interest, with the issue subscribed 2.6 times on the second day of bidding.
The packaging solutions provider opened for subscription on July 1 and will close the window on July 3, aiming to raise ₹380 crore through the offering.
The shares are priced within a band of ₹161 to ₹170.
The strong early demand suggests that institutional and retail investors are responding positively to the valuation and the company’s market position in the packaging sector.
This level of subscription on Day 2 indicates a healthy appetite for new listings in the current market environment.
Knack Packaging operates in the packaging solutions space, a sector that has seen increased activity as companies seek to go public.