Economic TimesLean R·
Knack Packaging IPO Day 3: Issue subscribed 8.34x so far; GMP signals 17% listing gain. Is it worth subscribing?
Knack Packaging's Rs 439.5-crore IPO was subscribed nearly 9 times on the final day of bidding, led by strong demand from NIIs. The grey market premium (GMP) indicates a potential 17% listing gain. Brokerages Choice Broking and Anand Rathi have recommended subscribing to the issue for the long term.
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