Shares of packaging solutions provider Knack Packaging Ltd made a decent debut on the bourses today. The share listed at Rs 188 on the National Stock Exchange (NSE), a premium of 10.59 per cent over the issue price of Rs 170. On the BSE, the stock started trading at Rs 186. Earlier, the initial public offering (IPO) of Knack Packaging Ltd received strong investor participation, with the issue subscribed 83.33 times on the final day of bidding on Friday. The Rs 439. According to data available on the National Stock Exchange (NSE), the 439.5-crore public issue received bids for 1,58,02,77,688 shares against 1,89,64,018 shares on offer. The Qualified Institutional Buyers (QIBs) category fetched 154.34 times subscription, while the non-institutional investors’ quota was subscribed 139.81 times. The portion for retail investors attracted 20.07 times subscription.ย ย
The public issue has a fresh issue of equity shares aggregating up to Rs 380 crore and an offer for sale (OFS) of up to 35 lakh equity shares worth Rs 59.5 crore by existing shareholders.
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