Knack Packaging’s initial public offering has accelerated sharply, with the issue now subscribed 7.21 times as of the second day of bidding.
The packaging solutions provider, which opened for subscription on July 1, is set to close the window on Friday, July 3, with listing expected on July 8.
This momentum builds on earlier interest, with the issue previously reported as subscribed 2.
The surge in demand follows a solid anchor investor round, where the company raised ₹131.25 crore ahead of the public issue.
The equity shares are priced within a band of ₹161 to ₹170, with allocations available for qualified institutional buyers, non-institutional investors, and retail participants.
This momentum builds on earlier interest, with the issue previously reported as subscribed 2.6 times.
The rapid escalation in subscription multiples highlights sustained investor confidence in the packaging sector, even as broader market conditions remain volatile.