Knack Packaging Ltd has opened its initial public offering for public subscription, with the price band set between ₹161 and ₹170 per equity share.
The issue marks the company’s debut on Indian stock exchanges, following the closure of the anchor investor portion of the offering.
The company successfully raised ₹131.25 crore from anchor investors, including domestic mutual funds, insurance companies, alternative investment funds (AIFs), and foreign institutional investors.
This anchor book-building phase provides early validation of institutional interest ahead of the broader retail and high-net-worth individual subscription window.
The total issue size is approximately ₹440 crore.
Knack Packaging, a provider of packaging solutions, is using the proceeds to fund working capital requirements and general corporate purposes.