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The Economic Times
The Economic Times
Akash Podishetti

Knack Packaging IPO opens for subscription. Check GMP, brokerages review and other details

Knack Packaging IPO NSE

The Rs 439.5 crore IPO of Knack Packaging opened for public subscription on Wednesday and will close on July 3. The company's shares were commanding a grey market premium (GMP) of around 15% ahead of the issue, indicating healthy investor interest.

The IPO comprises a fresh issue worth Rs 380 crore and an offer for sale (OFS) of up to Rs 59.5 crore by existing shareholders. The price band has been fixed at Rs 161-170 per share, with investors able to bid for a minimum of 88 shares. The stock is proposed to be listed on the BSE and NSE, with a tentative listing date of July 8.

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