Knack Packaging IPO Day 2: Subscription Climbs To 3.44x As NII Demand Leads the Way 

Mumbai, July 2: Following the ongoing subscription period, Knack Packaging IPO was subscribed 3.44 times by 10:39 AM on Thursday (Day 2). The book-built public issue, which opened for bidding on July 1, will remain open for subscription until July 3, 2026. 

Investor participation strengthened across most categories on the second day of bidding, with non-institutional investors (NIIs) continuing to dominate the subscription book. Demand from qualified institutional buyers (QIBs), excluding anchor investors, also improved, while the retail category witnessed a steady rise in applications compared with the opening day. 

The ₹439.50 crore IPO comprises a fresh issue of 2.24 crore equity shares aggregating to ₹380 crore and an offer for sale of 35 lakh equity shares aggregating to ₹59.50 crore. The company has fixed the price band at ₹161 to ₹170 per share, while investors can bid in lots of 88 shares. 

Knack Packaging IPO Subscription Status Day 2 

As of 10:39 AM on July 2, the issue had received the following bids:

• Overall Subscription: 3.44x  
• QIB (Ex-Anchor): 3.28x  
• NII: 7.19x  
• bNII: 7.87x  
• sNII: 5.85x  
• Retail Investors: 1.94x  
• Employees: 2.58x  
• Total Applications: 1,76,005  

The NII segment remained the strongest performer, attracting bids worth more than seven times the shares reserved for the category. Institutional participation also gained momentum, with the QIB portion crossing the three-times mark, while retail demand approached two times on the second day. 

Subscription Trend 

The IPO witnessed a healthy improvement in demand compared with the first day of bidding. 

• Day 1: Overall 2.72x | QIB 3.27x | NII 5.13x | Retail 1.38x  
• Day 2 (10:39 AM): Overall 3.44x | QIB 3.28x | NII 7.19x | Retail 1.94x  

The sharpest increase came from the NII category, while retail participation also picked up steadily. With one day of subscription still remaining, investors will be watching whether demand accelerates further before the issue closes. 

IPO Details 

• Issue Size: ₹439.50 crore  
• Fresh Issue: 2.24 crore equity shares (₹380 crore)  
• Offer For Sale: 35 lakh equity shares (₹59.50 crore)  
• Price Band: ₹161 to ₹170 per share  
• Lot Size: 88 shares  
• Minimum Retail Investment: ₹14,960  
• Listing: BSE, NSE  

Important Dates 

• IPO Opens: July 1, 2026  
• IPO Closes: July 3, 2026  
• Tentative Allotment: July 6, 2026  
• Refunds: July 7, 2026  
• Shares Credited To Demat Accounts: July 7, 2026  
• Tentative Listing: July 8, 2026  

About Knack Packaging 

Knack Packaging Limited manufactures packaging products catering to a range of industrial applications. Through the IPO, the company aims to raise fresh capital to support its expansion plans while also facilitating a partial exit for existing shareholders through the offer for sale. 

Conclusion 

Knack Packaging IPO has built on its opening-day momentum, with overall subscription rising to 3.44 times by the second morning of bidding. Strong interest from NII investors, improving institutional participation and steady retail demand suggest healthy investor appetite as the issue heads into its final day of subscription on July 3, 2026.

Source: 

• https://www.chittorgarh.net/reports/anchor-investor/anchor-intimation-knack-packaging-ipo-list.pdf